Thursday 30 March, 2017

India has 4th largest number of billionaires globally; Mukesh Ambani heads list of 101 Indians

New York, March 21 (IANS) India has the fourth largest number of billionaires globally, with Reliance Industries (RIL) Chairman Mukesh Ambani heading the list of more than 100 high net worth individual Indians, as per the latest listing by [...]

US denies any major change in H1-B visa regime: Sitharaman

New Delhi, March 20 (IANS) The US has told India that there is no significant change in its H1-B visa regime, Parliament was informed on Monday Commerce Minister Nirmala Sitharaman told the Lok Sabha during Question Hour that India is vigorously [...]

Wipro to offer automotive engineering services in the US

Bengaluru, March 15 (IANS) Software major Wipro on Wednesday announced opening an automotive engineering center at Detroit in the US to drive innovation in connected vehicles concepts. “The facility is a part of our vision to build a [...]

Intel to invest $7 bn in new factory, employ 3,000

Washington, Feb 9 (IANS) Intel CEO Brian Krzanich after a meeting with US President Donald Trump, announced that the tech giantt will invest $7 billion in a new factory employing up to 3,000 people, the media reported. The factory will be in [...]

Twitter employees donate $1.59m to ACLU to fight Trump

New York, Feb 3 (IANS) Despite US President Donald Trump being a prolific Twitter user, the employees of the micro-blogging site donated $1.59 million to an organisation to fight Trump, a media report said. According to a report in TechCrunch [...]

Uber CEO quits Trump advisory council after users boycott

Washington, Feb 3 (IANS) Uber CEO Travis Kalanick resigned from Donald Trump’s economic advisory council following intense criticism and an online boycott of the company over its ties to the new administration. Kalanick told Uber employees [...]

Amazon announces 100,000 new jobs in the US

Washington, Jan 13 (IANS) US-based e-commerce and cloud computing company Amazon has plans to create more than 100,000 new jobs in the US over the next 18 months, a media report said. The e-commerce giant, which employs 180,000 full-time US [...]

Yahoo to be renamed Altaba, CEO Marissa Mayer to step down

New York/New Delhi, Jan 10 (IANS) Yahoo, which was acquired by US wireless communications service provider Verizon for a mere $4.8 billion in July last year, will soon be called Altaba, media reported on Tuesday, adding that Yahoo CEO Marissa [...]

Indians suffering after ‘atrociously’ planned note ban: NYT

New York, Jan 10 (IANS) The “atrociously planned and executed” currency ban and a subsequent cash crunch has made life increasingly difficult for Indians, the New York Times has said in its latest hard-hitting editorial criticizing [...]

Macy’s is closing 68 stores, cutting 10,000 jobs

Washington, Jan 5 (IANS) America’s largest department store chain Macy’s said it is shutting down 68 stores and cutting more than 10,000 jobs, the media reported. The announcement on Wednesday was issued alongside an unfavorable [...]