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HomeBusiness & Economics

Business & Economics

Uber in US court to fight on possible shutdown
Business & Economics

Uber in US court to fight on possible shutdown of self-driving program

May 5, 2017 - 4:15 am EDT @theindpanorama 2

SAN FRANSISCO (TIP): Uber Technologies Inc goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade […]

Euro zone economy
Business & Economics

Euro zone economy outperforms US with robust start to year

May 5, 2017 - 4:14 am EDT @theindpanorama 1

BRUSSELS (TIP): The euro zone economy started the year with robust growth that outstripped that of the United States and set the stage for a strong 2017, preliminary estimates showed. The improving economy may weaken […]

NAFTA,
Americas

Not Terminating NAFTA, for Now: President Trump

Apr 28, 2017 - 7:28 am EDT @theindpanorama 1

WASHINGTON (TIP): In an apparent reversal of his stated position on NAFTA, U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday, April 26, that he will not terminate the NAFTA treaty […]

Sahara chief Subrata Roy
Business & Economics

PAY OR GO TO JAIL, SUBRATA TOLD

Apr 28, 2017 - 7:25 am EDT @theindpanorama 3

NEW DELHI (TIP): Embattled Sahara Chief Subrata Roy today appeared before the Supreme Court which extended his parole till June 19 with a warning that failure to pay Rs 1,500 crore, as promised, may again […]

sec
Business & Economics

Indian-American Investment Banker Avaneesh Krishnamoorthy Charged with Insider Trading

Apr 28, 2017 - 7:21 am EDT @theindpanorama 1

WASHINGTON (TIP): Indian-American Avaneesh Krishnamoorthy has been charged with insider trading by the Securities and Exchange Commission (SEC). Avaneesh Krishnamoorthy, a Vice President in the risk management department of Nomura Securities, a New York-based investment […]

TATAS ITC
Business & Economics

TATAS, ITC TO BATTLE IT OUT FOR DELHI’S TAJ MANSINGH

Apr 22, 2017 - 12:04 am EDT @theindpanorama 0

MUMBAI/KOLKATA (TIP): The Supreme Court’s order allowing e-auction of Taj Mansingh has paved the way for a fierce takeover battle between the house of Tatas, the country’s largest conglomerate, and ITC, the tobacco-to-hotels group, for […]

Future Group
Business & Economics

Future Group to sell its private labels through e-tail rivals

Apr 22, 2017 - 12:02 am EDT @theindpanorama 2

MUMBAI (TIP): Future Group will sell its labels on rival online platforms Amazon and Big Basket as part of its strategy to generate Rs 20,000 crore in sales from in-house brands by 2021 and establish […]

Urjit Patel
Business & Economics

House panel summons RBI’s Urjit Patel over note ban after Manmohan’s prod

Apr 21, 2017 - 11:41 pm EDT @theindpanorama 1

NEW DELHI (TIP): Reserve Bank of India (RBI) governor Urjit Patel has been asked by a parliamentary panel to appear before it again on May 25 over the demonetization issue after former prime minister Manmohan […]

h1b
Business & Economics

IT firms may face layoffs due to US visa curbs: Report

Apr 21, 2017 - 11:41 pm EDT @theindpanorama 1

NEW DELHI (TIP): With the US tightening the norms for H-1B visas under the President Donald Trump’s ‘Buy American, Hire American’ campaign, the Indian IT companies are bound to face disruptions by way of higher […]

layoffs
Business & Economics

Wipro sacks at least 600 employees after performance appraisal

Apr 21, 2017 - 11:38 pm EDT @theindpanorama 0

NEW DELHI (TIP): The country’s third largest software services firm Wipro is learnt to have fired hundreds of employees as part of its annual “performance appraisal”. According to sources, Wipro has shown the door to […]

President Trump signs executive order targeting foreign work visas
Business & Economics

Trump signs executive order on H1B visa review

Apr 21, 2017 - 5:11 am EDT @theindpanorama 1

WASHINGTON (TIP): US President Donald Trump on Tuesday, April 18, ordered federal agencies to look at tightening the H1B visa program used to bring high-skilled foreign workers to the US, as he tries to carry […]

vijay-mallya
Business & Economics

Vijay Mallya arrested in London by Scotland Yard

Apr 18, 2017 - 7:03 am EDT @theindpanorama 1

NEW DELHI: Business tycoon Vijay Mallya, the boss of the now defunct Kingfisher Airlines, owes Rs 9,081 crore to a consortium of 17 Indian banks, has been arrested in London and will be produced in […]

Business News - Generic Image
Business & Economics

INDIA’S RETAIL INFLATION INCHES UP TO 3.8% IN MARCH ON FESTIVAL DEMAND

Apr 14, 2017 - 7:25 am EDT @theindpanorama 1

NEW DELHI (TIP): Rise in the prices of sugar, confectionary, snacks and fruits pushed up India’s consumer price inflation (CPI) firmed up to 3.81% in March from 3.65% in February, government data showed on Wednesday. […]

intl payments
Business & Economics

NO SELF-CERTIFICATION? ACCOUNTS USED FOR OVERSEAS TRANSACTIONS TO BE BLOCKED

Apr 14, 2017 - 7:25 am EDT @theindpanorama 1

NEW DELHI (TIP): Bank accounts used for transfer of funds to and from other nations will have to provide additional details of transactions and identity by April 30 or get blocked, the income tax department […]

wells fargo
Business & Economics

Wells Fargo adds Axis Bank to Express Send remittance network in India

Apr 9, 2017 - 10:10 am EDT @theindpanorama 1

NEW YORK (TIP): Wells Fargo & Company (NYSE: WFC) recently announced that it has added more than 2,500 Axis Bank locations to its ExpressSend® remittance payout network in India, bringing the total number of locations […]

Finance minister Arun Jaitley with CBEC?chairman Najib Shah after the 13th GST Council Meeting at Vigyan Bhawan in New Delhi on March 31, 2017. Courtesy: PTI
Business & Economics

4 GST bills passed after Rajya Sabha makes no changes

Apr 7, 2017 - 9:04 am EDT @theindpanorama 1

NEW DELHI (TIP): Parliament on April 6 passed four GST-related bills, paving the way for the new indirect tax to be implemented nationwide. Parliament passed four GST-related bills on April 6 with the Rajya Sabha’s […]

demonetization
Business & Economics

RBI wants to circulate new Rs 200 notes through banks

Apr 7, 2017 - 8:29 am EDT @theindpanorama 1

NEW DELHI (TIP): The Reserve Bank of India (RBI) is likely to decide against circulating proposed new Rs 200 banknotes through ATMs to avoid another chaotic recalibration process similar to the one that followed the […]

jio
Business & Economics

TRAI FORCES RELIANCE JIO TO WITHDRAW SUMMER SURPRISE OFFER

Apr 7, 2017 - 8:25 am EDT @theindpanorama 1

NEW DELHI (TIP): Reliance Jio on April 6 decided to withdraw its ‘Jio Summer Surprise’ offer after the Telecom Regulatory Authority of India (TRAI) advised the Mukesh Ambani-led firm to withdraw the three-month ‘complimentary’ offer. […]

Samsung
Business & Economics

Samsung tips best quarterly profit in over three years as chips soar

Apr 7, 2017 - 8:21 am EDT @theindpanorama 1

SEOUL (TIP): Samsung Electronics Co Ltd forecast on Friday its best quarterly profit in more than three years in the January-March period, beating expectations and putting it on track for record annual earnings on the […]

Dr Patel brings to Relay over 20 years of life sciences industry experience
Business & Economics

Indian American Pharmaceutical Leader Sanjiv K. Patel named President and CEO of Relay Therapeutics

Apr 7, 2017 - 4:09 am EDT The Indian Panorama Staff - TIP Bureau 2

WASHINGTON (TIP): Dr. Sanjiv K. Patel has been named President and CEO of Relay Therapeutics, a biotech company dedicated to developing breakthrough medicines by focusing on insights in protein motion. Dr Patel brings to Relay […]

Bhalla will oversee the finance strategy and revenue cycle operations for Kaiser Permanente Northern California
Business & Economics

Indian American C.J. Bhalla named Chief Financial Officer of Kaiser Permanente Northern California

Apr 7, 2017 - 4:09 am EDT The Indian Panorama Staff - TIP Bureau 1

SAN JOSE (TIP): Kaiser Permanente Northern California on April 3 announced that senior executive C.J. Bhalla has been selected as its new senior vice president and chief financial officer. Bhalla will oversee the finance strategy […]

Indian Parliament
Business & Economics

Reforms Will Not Do India Any Good – Only A Revolution Will

Apr 7, 2017 - 3:18 am EDT @theindpanorama 1

The answers to our problems lie outside the system What form this revolution will take, and how much time, cannot be predicted, but what certainly can be predicted is that it is coming. The test […]

Brexit has already made UK less attractive place to do business – KPMG
Business & Economics

Brexit has already made UK less attractive place to do business, KPMG study says

Apr 7, 2017 - 3:01 am EDT @theindpanorama 1

LONDON (TIP): The UK has already become a less attractive place to do business as a result of the Brexit vote, according to a new survey. Professional services firm KPMG questioned 100 of the largest […]

us-visa_ USCIS
Business & Economics

Computer Programmer not a specialty occupation? – USCIS will Investigate, Call for RFE’s

Apr 6, 2017 - 6:11 am EDT @theindpanorama 1

USCIS released a policy memorandum on March 31, 2017, Recession of the December 22, 2000 “Guidance Memo on H-1B computer related positions” to clarify its approach on computer programmer position and whether it qualifies as […]

trump
Business & Economics

Foreign Tech Workers On Edge As Donald Trump Cracks Down On H-1B Visa Program That Feeds Silicon Valley

Apr 6, 2017 - 5:56 am EDT @theindpanorama 1

The U.S. administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa program that channels thousands of skilled overseas workers to companies across the technology industry. Fed up […]

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