Working on a big trade deal with India: Trump

US president Donald Trump said the US and India were working on a major trade deal, but he was not sure if it would be completed before the US presidential election in November. As Trump heads to India on his first official trip on Monday (24), negotiators have been trying for weeks to put together […]

US ready to meet India’s energy demand: White House

THE US is ready to supply oil and gas to energy-hungry India as much as it wants as there is a huge potential for bilateral cooperation in the key sector, a top White House official has said ahead of president Donald Trump’s maiden visit to the country. Larry Kudlow, economic advisor to Trump, said that […]

Indian IT firms create 0.5 million jobs in US

Indian IT companies provide half-a-million high-paying jobs in the US, a new report has said. In 2018, Indian IT employed nearly 180,000 people in the US and supported an additional 340,000 jobs across the US economy. These companies are estimated to have paid an average compensation of $96,300 to its US employees in 2018, higher […]

The US is India’s preferred trade partner in $5 trillion journey

AMERICA is India’s preferred trade partner in its journey to become a $5 trillion economy by 2024, said the new Indian envoy to the US, Taranjit Singh Sandhu. Addressing a gathering of the American business community at a reception hosted by the US-India Strategic and Partnership Forum on Friday (7), Sandhu said that the potential […]

US created 225,000 new jobs in January

THE US economy has added 225,000 Jobs in January, and the jobless rate was 3.6% during the period. Wages increased 3.1% from a year earlier, compared to December’s annual rise of 3%. Over the past three months, the US economy added an average 211,000 jobs. Job growth was revised higher in the last four months […]

US pushing India to buy $5-6bn more farm goods to seal trade deal

THE US wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key US trade concession and seal a wider pact, four sources familiar with the talks told. US president Donald Trump cited trade barriers last year when removing India from its […]

Insys founder John Kapoor sentenced to 66 months in prison  

JOHN KAPOOR, the founder of Insys Therapeutics Inc, on Thursday (23) was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the US opioid crisis. Kapoor, 76, is now the highest-ranking pharmaceutical executive to be sentenced in a case linked to the opioid crisis. His was […]

New Jersey to lower college costs of H1B visa holders’ children  

THE US state of New Jersey will enact a legislation that will make college and universities more affordable for the children of H-1B visa holders, mostly Indian IT professionals, bringing a huge financial relief to them. New Jersey Governor Phil Murphy on Tuesday (21) signed the legislation ‘S2555′, allowing New Jersey students, who are the […]

Alembic Pharma gets final USFDA nod for Fenofibrate tablets

INDIAN multinational pharmaceutical company Alembic Pharmaceuticals on Thursday (23) said it has received final nod from the US health regulator for fenofibrate tablets, which reduces cholesterol and triglycerides in blood. “Alembic Pharmaceuticals Limited (Alembic)…has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Fenofibrate Tablets USP, 54 mg and […]

Businessman indicted in US for role in money laundering  

AN Indian national in the US has been indicted on charges of running various international money laundering schemes and operating unlicensed transmission businesses. Amit Agarwal, who was arrested in the US in December last year at Newark International Airport, operated a wholesale consumer electronics business in East Hanover in New Jersey. He, along with six […]