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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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