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Southwestern National Bank Celebrates 20th Anniversary

Southwestern National Bank Celebrates 20th Anniversary

HOUSTON: Southwestern National Bank celebrated its 20th year anniversary with a celebration on Nov, 9, 2017. The Board of Directors and President/CEO, Gary Owens, welcomed guests who attended the anniversary celebration. Special guests included State Representative Gene Wu; a representative from Congressman Al Green’s office; Dawn Lin, Director of Overseas Chinese Affairs from the Consulate […]

Google India hits billion dollar sales mark

Google India hits billion dollar sales mark

The Indian unit of Google crossed the billion-dollar sales milestone in fiscal 2017, a year when the search engine’s local business grew at half the pace of the prior year. But its rival Facebook nearly doubled its revenues in the country indicating increasing preference by marketers to advertise on other social media platform beyond Google. Google India […]

India moves up one notch to 126 in GDP per capita rankings, shows IMF report

India moves up one notch to 126 in GDP per capita rankings, shows IMF report

India has moved up one position to 126th in terms of GDP per capita of countries. However, it is still ranked lower than all its BRICS peers, while Qatar remains the world’s richest on this parameter, as per International Monetary Fund data. The data, which forms part of the latest World Economic Outlook report of the […]

HOEC to produce oil from Mumbai field by 2021, invest $43 million

HOEC to produce oil from Mumbai field by 2021, invest $43 million

Hindustan Oil Exploration Co. Ltd (HOEC) has submitted a $43 million development plan to bring to production the Mumbai offshore oil field it had won in the first discovered field auction in March. HOEC is the first company out of the 31 that signed contracts for the fields won in the auction in March, to […]

United resumes Delhi flights, but will monitor pollution levels

United resumes Delhi flights, but will monitor pollution levels

  NEW DELHI: America’s mega carrier United has resumed flights to Delhi after temporarily suspending them due to the “public health emergency” here caused by severe pollution. The airline has a daily nonstop on the Newark (New Jersey)-Delhi route. These flights did not operate on Friday and Saturday, resulting in the return flights also not operating on […]

Gold prices dip to Rs30,450 per 10 grams on global cues, muted demand

Gold prices dip to Rs30,450 per 10 grams on global cues, muted demand

Gold prices dipped by Rs80 to Rs30,450 per 10 grams at the bullion market today, tracking a weak trend overseas amid easing demand from local jewellers. Traders said apart from a weak trend overseas, fall in demand from local jewellers and retailers at existing levels led to the decline in gold prices. Click here to […]

GST Council slashes tax rates on 177 items from 28% to 18%

GST Council slashes tax rates on 177 items from 28% to 18%

The Goods and Services Tax (GST)) Council on Friday slashed rates across the board, including for a range of daily items of consumption, relaxed penalties and tweaked rules to make it easier for businesses, especially small and medium enterprises, to comply. The feel-good package from the council, which comes into effect from 15 November, is […]

Grand Opening Celebrations for SNB’s Dallas Regional Office

Grand Opening Celebrations for SNB’s Dallas Regional Office

DALLAS: On October 26, Southwestern National Bank held a Grand Opening celebration of the Dallas Regional Office located at 500 N. Central Expressway, Richardson, TX 75080. With over 200 attendees present, including special guest Mark Solomon, City of Richardson Mayor pro tem, the Board of Directors, Senior Management and staff extended their sincere appreciation for […]

Govt to give 60% stake in ONGC, OIL fields to private companies

Govt to give 60% stake in ONGC, OIL fields to private companies

Nearly 25 years after Oil and Natural Gas Corp. Ltd’s (ONGC’s) prime oilfields were privatized, the oil ministry has identified 11 more functional oil and gas fields of the state-run firm for handing over to private firms to raise output. The oil ministry is expected to approach the Union Cabinet to allow private companies take […]

Govt woos investors to tap India’s agriculture sector

Govt woos investors to tap India’s agriculture sector

NEW DELHI: Agriculture Minister Radha Mohan Singh on Saturday called upon investors to leverage opportunities in the country’s farm, dairy, poultry and fisheries sectors. The government is implementing various schemes to promote these sectors in order to double farmers’ income by 2022, he said at the World Food India 2017 event here. Click here to read more… Credit: timesofindia.indiatimes.com

Black money drive: Suspected shell companies deposited Rs 17,000 crore in banks after demonetisation

Black money drive: Suspected shell companies deposited Rs 17,000 crore in banks after demonetisation

Around 2.24 lakh companies have been struck off till date for remaining inactive for two years or more, the Union Ministry of Corporate Affairs said on Sunday in a release. Some of these companies are suspected to be shell companies. The government struck off the companies on the basis of information provided by 56 banks […]

TiE Houston’s Panel Discussion on Commercial Real Estate

TiE Houston’s Panel Discussion on Commercial Real Estate

HOUSTON: TiE Houston, in partnership with the Houston Angel Network (HAN), proudly presented a panel discussion on Commercial Real Estate on October 27, 2017 at the Hess Club.  Moody Rambin Company was the event sponsor. The concept of bringing this panel together was to demystify Houston’s commercial and to hear from Houston’s own successful entrepreneurs […]

Tata-Docomo dispute settled as Tata Sons pays $1.27 bn arbitration award

Tata-Docomo dispute settled as Tata Sons pays $1.27 bn arbitration award

Japan’s NTT Docomo Inc. said on Tuesday that it had received from Tata Sons Ltd the 144.9 billion yen ($1.27 billion) it was awarded by an international arbitration court last year for its stake in Tata Teleservices Ltd (TTSL). The payment marks the exit of the Japanese company from TTSL and brings the curtain down […]

Gujarat elections: Congress, Hardik Patel a step closer to striking a deal

Gujarat elections: Congress, Hardik Patel a step closer to striking a deal

The Congress is close to striking a deal with the Hardik Patel-led Patidar Anamat Andolan Samiti (PAAS) for Gujarat elections, something that could potentially expand its social base in the state. A politically crucial meeting between Congress vice president Rahul Gandhi and Hardik Patel is likely to take place next week. A deal if clinched […]

Note ban anniversary: RBI says still verifying returned notes

Note ban anniversary: RBI says still verifying returned notes

NEW DELHI: Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being “processed in all earnest” through a sophisticated currency verification system, the RBI has said. In reply to an RTI query, the central bank said it has processed about 1,134 crore pieces of Rs […]

SpiceJet working on planes that don’t need runways

SpiceJet working on planes that don’t need runways

NEW DELHI: In a first, SpiceJet is trying to change the traditional need of the airstrips and runways. Yes, you read that right! This new project of SpiceJet and a Japanese firm can change the future of the aviation sector. The airline has said that it “is exploring the introduction of smaller fixed wing aircraft to provide air […]

Centre releases Rs8,698 crore as GST compensation to states

Centre releases Rs8,698 crore as GST compensation to states

The Union government has released Rs8,698 crore to states to compensate them for revenue loss following the goods and services tax (GST) implementation. All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months (July-August) after GST rollout. “Rs 8,698 crore has been paid to states as compensation for July […]

India sends 1st wheat shipment to Afghanistan via Chabahar port

India sends 1st wheat shipment to Afghanistan via Chabahar port

India on Sunday flagged off a shipment of wheat for Afghanistan through Iran’s Chabahar port—marking the operationalization of the port for the trans-shipment of goods from India to the landlocked country. The development is seen as a significant one as it torpedoes Pakistan’s veto over trade between India and Afghanistan—a move aimed at circumscribing India’s […]

Crackdown on shell companies unearths $1 billion black money

Crackdown on shell companies unearths $1 billion black money

India is intensifying its crackdown on dubious companies after it unearthed over $1 billion in suspicious cash deposits as part of its investigations into corruption and efforts to boost foreign investment, a minister said. While the government has already revoked permissions for over 200,000 companies and restricted their bank accounts, it is now working on […]

Amul offers business proposition to Railways on Twitter

Amul offers business proposition to Railways on Twitter

Dairy giant Amul on Monday reached out to the Indian Railways on its official Twitter handle with a business proposition to use its refrigerated parcel vans to transport Amul butter across India. The Railways promptly responded on the micro-blogging site, using a popular tag line of the company for the brand. “IR will be utterly […]

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