INDIAN origin former billionaire John Kapoor has convicted in a case linked to the opioid crisis in the US. The founder of Insys Therapeutics has become the first pharmaceutical head to be convicted in the US opioid crisis. A Boston jury ruled Kapoor and four colleagues worked to bribe physicians to prescribe addictive pain killers […]
MICROSOFT CORP on Wednesday (24) briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. The Redmond, Washington-based company beat Wall Street estimates for quarterly profit and revenue, powered by an unexpected boost in Windows revenue and brisk growth in its cloud business which has […]
US president Donald Trump has called India one of the highest taxing nations in the world and slammed the country for imposing 100 per cent tariffs on Americans products. Trump has repeatedly called India a “tariff king” for imposing “tremendously high” tariffs on American products, including the Harley-Davidson motorcycles. “I got a call from Prime […]
THE US said Tuesday (2) it had approved the sale of 24 MH-60R helicopters to India, significantly boosting its emerging ally’s firepower to target submarines as China expands in the Indian Ocean. In a quick reply to an Indian request submitted late last year, the state department said it was informing the US Congress as […]
EMBATTLED aviation giant Boeing pledged yesterday (27) to do all it can to prevent crashes like two that killed nearly 350 people in recent months, as it unveiled a fix to the flight software of its grounded 737 MAX aircraft. Boeing gathered hundreds of pilots and reporters to unveil the changes to the Maneuvering Characteristics […]
RAJAT GUPTA, one of the most prominent members of the global financial elite until he was convicted of insider trading in 2012, has revealed he was kept in solitary confinement for weeks during his incarceration in an American federal prison. India born Gupta, who ran the global management consultants McKinsey for nine years and was […]
US PRESIDENT Donald Trump looked set to open a new front in his trade wars on Monday (4) with a plan to end preferential trade treatment for India that allows duty-free entry for $5.6 billion worth of the country’s exports to the United States. Trump, who has vowed to cut US trade deficits, has repeatedly called out India for its high […]
US AEROSPACE manufacturer Boeing Co said today (26) it has nominated Nikki Haley, former US ambassador to the United Nations, to join its board of directors at the company’s annual shareholders meeting on April 29. Viewed as a rising Republican party star, Haley has often been mentioned as a future presidential candidate. Her counterparts at […]
MAJOR American IT player Cognizant will pay $25 million to the US security and exchange commission to settle its India bribery charges, as department of justice filed criminal cases against two if its former top executives. The two former executives have been charged for their roles in facilitating the payment of millions of dollars in […]
THE US has agreed to sell two state-of-the-art missile defence systems to Air India One for an estimated cost of $190 million, a move aimed at enhancing the security of planes flying India’s prime minister and the president. President Donald Trump’s administration approved the purchase of the two systems – known as Large Aircraft Infrared […]
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