US Archives - Page 6 of 10 - EasternEye

Pompeo to seek stronger strategic ties with India despite trade tensions

US Secretary of State Mike Pompeo will seek to further strengthen strategic ties with India during a visit next week despite increasing frictions over trade, data flows and arms from Russia, officials said. Pompeo arrives in New Delhi on Tuesday (25) for talks that are aimed at laying the ground for a meeting between US president Donald […]

US tells India it is mulling caps on H-1B visas: Sources

THE US has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told, widening the two countries’ row over tariffs and trade. The plan to restrict the popular H-1B visa programme, under which skilled foreign workers are […]

Indian-American population climbs by 38 per cent between 2010-2017: Report

THE population of Indian-origin people in America grew by 38 per cent in seven years between 2010 and 2017, a South Asian advocacy group has said in its latest demographic report. There are at least 630,000 Indians who are undocumented, a 72 per cent increase since 2010, the South Asian Americans Leading Together (SAALT) said […]

Worsening trade with India hurts California Almond growers: Senator

A TOP US Senator has slammed president Donald Trump for “damaging” trade ties with India, saying his actions are hurting California almond growers who export more than $650 million worth of nuts to the country every year. California senator Dianne Feinstein’s criticism of the US president came days after India announced a hike in customs […]

Pompeo pushes India for access to local markets

US secretary of state Mike Pompeo has pushed for India to further open its economy and also “diversify” its energy portfolio, saying countries that have provided American companies access to their markets have seen “real opportunity”. Speaking at the India Ideas Summit of US-India Business Council here Wednesday (12), ahead of his visit to New […]

Indian origin John Kapoor founded Insys Therapeutics files for bankruptcy

AMERICAN pharmaceutical major Insys Therapeutics has filed for bankruptcy and will sell all its assets, the company has announced. The latest move has come a month after its India-born founder and four other former executives were convicted of bribery and racketeering conspiracy, fuelling a national opioid crisis which claimed lives of tens of thousands of […]

Retest of shampoo in India shows absence of formaldehyde: Johnson & Johnson

AMERICAN multinational business, Johnson & Johnson Monday (10) said a retest has confirmed that its baby shampoo is safe for human use and does not contain formaldehyde, which experts say can cause cancer. On March 5, 2019, the Rajasthan Drugs Control Organization had reported the presence of formaldehyde in samples of two batches of baby […]

Eros International to buy back shares worth up to £16m in US market

MUMBAI based Eros International has announced a share repurchase programme worth up to £16 million ($20m) on the New York Stock Exchange. The media and entertainment firm in a regulatory filing on Monday (10) said: “The Eros board of directors believes the equity value of Eros International is seriously undervalued in the public markets; and […]

Indian former chief executive charged in US with securities fraud

AN Indian ex-chief executive officer (CEO) of a publicly traded American fintech firm has been indicted for orchestrating a multi-million dollar accounting fraud to inflate the revenue of the now-defunct cryptocurrency company to get it listed on the Nasdaq, a US attorney has said. Venkata Meenavalli, 49, and others orchestrated the fraud in 2017 and […]

IT firm sues US government for denying H-1B visa to Indian professional

A SILICON Valley-based IT company has filed a lawsuit against the US government for denying the most sought-after H-1B visa to a highly qualified 28-year-old Indian professional, terming the renunciation “arbitrary” and a “clear abuse of discretion”. Xterra Solutions alleged in its lawsuit that the US Citizenship and Immigration Services (USCIS) improperly denied H-1B visa […]

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