Infosys spends $76 million to buy Finnish firm Fluido
NEW DELHI: Infosys, one of India’s largest IT services firm, has agreed to spend $76 million to buy Fluido, a Salesforce consulting partner in the Nordics in Europe, the company said on Friday, marking the second acquisition under chief executive officer (CEO) Salil Parekh, who took over nine months ago. Finland-based Fluido is a privately […]
Forex reserves plunge below $400 billion mark
MUMBAI: The country’s forex reserves declined by $819.5 million to $399.282 billion for the week to September 7 — slipping below the $400-billion mark for the first time in over a year, Reserve Bank data showed Friday. This is the second consecutive week of major fall in the reserves which indicates that the central bank has […]
Apple, JP Morgan, Pepsi fear ‘harm’ from Donald Trump’s H-1B visa policy
By Ben Brody Dozens of top US business leaders including Apple Inc.’s Tim Cook, JPMorgan Chase & Co.’s Jamie Dimon and Pepsico Inc.’s Indra Nooyi signed a letter expressing “serious concerns” about the Trump administration’s immigration policy changes and their potential to undermine economic growth. The letter focused on recent changes in the area of […]
A record number of Indian Americans are aiming for midterm polls in US
The upcoming midterm polls in the US is keeping the activists of Indian American Impact Fund (IAIF) busy these days. The Washington DC-based political action committee, which works with candidates from the community running for the US elections, recently endorsed Anita Malik, the Democratic candidate running for the US Congress to represent Arizona’s 6th Congressional […]
Mayawati’s condition for Mahagathbandhan: Give ‘respectable’ share of seats or will go alone
NEW DELHI: At a time when the opposition parties are strongly working on modalities for a Mahagathbandhan to throw BJP out of power, Bahujan Samaj Party (BSP) chief Mayawati on Sunday made it clear that her party will be compelled to go alone if it does not get a “respectable” number of seats in the anti-BJP alliance. “Our party […]
Modi govt to impose restrictions on non-essential imports to check rising current account deficit, falling rupee
NEW DELHI: In the wake of the latest rupee depreciation, Union Finance Minister Arun Jaitley on Friday held a meeting with Prime Minister Narendra Modi where they took ‘stock of the economy’. The issue of expanding Current Account Deficit (CAD) was discussed and the government has decided to take necessary steps to impose restrictions on non-essential imports. Jaitley confirmed that RBI […]
