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By Arun Kumar
WASHINGTON--Chennai born, IIT Kharagpur-educated Sundar Pichai has become the head of a "slightly slimmed down Google", with the search giant in a major corporate restructuring forming an umbrella company called Alphabet.

Taking over the operational management of Google's search, YouTube and financial-services units, Pichai, 43, becomes only the third chief executive of the company after Executive Chairman Eric Schmidt and co-founder Larry Page.

With the change, the company's founders Sergey Brin and Page will run Alphabet -- Page as CEO and Brin as president.
NEW DELHI- Prime Minister Narendra Modi on Tuesday congratulated Chennai-born Sundar Pichai on being appointed Google's chief executive officer (CEO).

"Congratulations Sundar Pichai. My best wishes for the new role at Google," Modi tweeted. The 43-year-old Pichai, an IIT Kharagpur, graduate, is the second person of Indian-origin to head an IT company after Hyderabad-born Satya Nadella, who became the CEO of software giant Microsoft in February 2014.
By Fakir Balaji
BENGALURU-- The Indian IT industry is upbeat over the appointment of Indian-born Sundarajan Pichai, 43, as chief executive of the world's largest search engine Google Inc in the US.

Elated over the meteoric rise of Pichai in Google, who will succeed its co-founder Larry Page a decade after joining the Silicon Valley behemoth in 2004, a top industry executive said on Tuesday that the IIT graduate symbolized new India, representing talent, technology, innovation and managerial acumen.
KOLKATA-- Sundar Pichai, the new CEO of the core business of Google, was a shy but brilliant student who never showed off his knowledge unnecessarily, recalls his teacher at the Indian Institute of Technology, Kharagpur.

The Chennai-born Pichai, then known by his full name Pichai Sundararajan, cleared the IIT entrance test in 1989 and enrolled for a four-year undergraduate course in metallurgical and materials engineering.
SANTA CLARA, Calif.--Ineda Systems, a developer of low-power SoCs (system on a chip) for use in the fast-growing wearables and Internet of Things (IoT) market segment, announced additional funding from Cisco Investments to bring the round of Series B funding to a total of $19M.
Govt. Eases Foreign Investment Rules for Construction, Real Estate
The Government has eased overseas investment rules in construction to attract money into the sector and meet its twin goals of faster job creation and expanded housing. The Government halved the minimum foreign direct investment from $10 million to $5 million and substantially eased the exit rules.
A new World Bank Group report finds that India is among the 20 economies worldwide improving the quality of their business regulatory environment the most in the past year. India implemented regulatory reforms in three areas measured by the report, yet challenges persist for small and medium entrepreneurs.
WALTHAM, MA--Augmenix, Inc. has received European commercial approval for both TraceIT Fiducial Marker and TraceIT Gel System, absorbable markers visible under CT, MR, cone beam and ultrasound imaging modalities. "At Augmenix, we are proud to introduce advanced hydrogel products that improve outcomes of radiotherapy by improving guidance to target organs and minimizing damage to adjacent organs," said Amar Sawhney.
NEW DELHI & LONDON--The Overseas Indian Facilitation Centre (OIFC), a public private partnership between the Ministry of Overseas Indian Affairs and Confederation of Indian Industry (CII) formed to facilitate the economic engagement of the Indian Diaspora with India, is all set to host the 24th OIFC Diaspora Engagement Meet in London on 16th October 2014. The Meet will be bringing together industry leaders from India and UK to discuss business opportunities for both trade and investments between the two countries.
AIDS Healthcare Foundation (AHF), the largest global AIDS organization, with its affiliate country program, AHF India, urged Indian Prime Minister Narendra Modi to restore drug pricing caps in India that he recently overturned, a move that advocates fear will make making lifesaving medicines less affordable in that country.
NEW YORK and NEW DELHI -- The Huffington Post Media Group and The Times of India Group, India's largest media conglomerate, announced their partnership to launch an Indian edition of The Huffington Post, a leading global source of breaking news, opinion, entertainment, and community.
BANGALORE, India & EAST BRUNSWICK, N.J.---Wipro Ltd., a leading global Information Technology, Consulting and Business Process Services company, announced the launch of a global Customer Experience Center (CEC) at Wipro's Mountain View office in California, United States.
SAN FRANCISCO--Boku, Inc. has developed technology and mobile network operator (MNO) relationships that make advanced mobile payments technology available in India, one of the largest of the "BRIC" nations. By opening India to direct carrier billing based mobile payments, merchants all over the world now have access to a huge market with 1.2 billion people. 
External Affairs Minister of India Sushma Swaraj and Secretary of State John F. Kerry led their respective delegations to the fifth annual India-U.S. Strategic Dialogue in New Delhi. The two sides recognized that the decisive mandate provided by the Indian people to their new Government provided a unique opportunity to re-energize this relationship. They expressed confidence that the Summit Meeting between Prime Minister Narendra Modi and President Barack Obama in Washington D.C. in September 2014 would generate new dynamism in the relationship.
WASHINGTON, DC—Senators Mark Warner, John Cornyn, Tim Kaine and Jim Risch made Senate History by sponsoring a resolution strongly supporting a Congressional invitation for a Joint Session of Congress address by Indian Prime Minister Modi during his September 2014 visit to the United States.
By Sundaram Mishra
BURLINGTON, MA--"Dress shabbily and they remember the dress, dress impeccably and they remember the women." This is Roshani Sharma's favorite quote by fashion mogul Coco Channel. To provide that impeccable elegance, Sharma, along with Divya Salhi, are opening Elegance by Divya & Roshni, a retail store in Burlington, MA, which promises to make elegance an irresistible shopping place for Indian ethnic wear.
KING OF PRUSSIA, PA--Theorem Clinical Research and Excel Life Sciences (ELS) have formed a strategic relationship to bolster Theorem's clinical development offerings in India, including local site management expertise. ELS has long-standing relationships with more than 1,000 hospitals and research centers across 25 cities throughout India, covering a broad range of therapeutic disciplines. 
NEW DELHI: When US Deputy Secretary of State William Burns visited India recently in advance of the U.S.-India Strategic Dialogue. He became the highest-level Administration official to visit India since the inauguration of the new Indian Government. While in India, he talked about Prime Minister Modi's controversial visa, his discussions with the prime minister, and other bilateral issues with NDTV Anchor Barkha Dutt. Here are the excerpts from the interview. 
NDTV: This is a relationship that, especially when it comes to Prime Minister Modi, has seen its degree of friction. To start with, there was what for shorthand we call the visa issue. Mr. Modi as the Chief Minister of Gujarat was not able to go to the United States. It was considered a near total boycott for almost a decade. It has been pointed out the little known law to stop him from coming was actually only ever used against one politician in the world and that was Narendra Modi. Did this come up in your conversation at all this morning?

Deputy Secretary Burns: No. Our conversation this morning was very much about the future and about the promise and the opportunity in our relationship.

Chandu Shah, founder and CEO of S4 Inc., a professional services and consulting firm catering to the U.S. government, Department of Defense, Department of Homeland Security and private entities, talks about the success of his firm, which is celebrating 15th anniversary this year. Shah is not only a successful entrepreneur, but also a poet, playwright, journalist, actor, director and film producer. He was Winner of the National Award for the Best Experimental Film in 1982. He wrote the script of a popular Gujrati film "Saptapadii," which was produced by Amitabh Bachchan and released in the United States, Canada, Australia, China and India last year.
The Chief Operating Officer of Facebook, Ms. Sheryl Sandberg, called on the Prime Minister, Shri Narendra Modi,. She said India is a very important country for Facebook, considering the high number of active Facebook users in India. The Prime Minister discussed with Ms. Sandberg, ways through which a platform such as Facebook can be used for governance and better interaction between the people and governments. 

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