WALTHAM, MA—The business media is abuzz with the speculation that Waltham, MA-based privately held tech company Actifio may be getting ready for an Initial Public Offering (IPO) this summer. Actifio, the copy data virtualization company founded by Ash Ashutosh in 2009 and is currently valued at about $1.1 billion, is in talks to raise another $100 million from venture capital, paving the way for an IPO, reported Boston Business Journal.
The news was first reported earlier this week by Indian business daily The Economic Times. Ashutosh was quoted as saying that existing investors in the company such as North Bridge Venture Partners, Greylock IL, Advanced Technology Ventures, Technology Crossover Ventures and Andreessen Horowitz were likely to participate in the new round of venture funding.
BURLINGTON, MA— Area's four entrepreneurs and TiE-Boston's 2014 Entrepreneurial Achievement Award Winners who had successful acquisitions or Initial Public Offering (IPO), will talk about their entrepreneurial journey at TiE-Boston's monthly dinner meeting on Feb. 26 at Burlington Marriott Hotel in Buelington, MA.
On March 7th and 8th 2015, graduate students of Harvard University will come together to organize India conference at Harvard - scheduled to be held at the Harvard Kennedy School and the Harvard Business School respectively. Now in its 12th avatar, India Conference at Harvard is one of the biggest India focused student-led conference held in USA. Last year, the conference brought together over 100 speakers and 600 students from across the world.
(Editor's note: United States Representative Frank Pallone represents New Jersey's 6th Congressional District. He is also a founding member of the Congressional Caucus on India and Indian-Americans.)
India is known the world over for blending the rich traditions of the past with all of the opportunities for an innovative future. As the world's largest democracy, India is an important ally of the United States on many of the important issues we face.
CAMBRIDGE, MA—Kiran Bedi, an Indian social activist and a retired Indian Police Service (IPS) officer who joined the ruling Bhartiya Janta Party recently and ran unsuccessfully for Chief Minister of Delhi in recent state elections, will be a speaker The India Conference at Harvard University, according the Conference's website.
WASHINGTON — Republican National Committee Chairman Reince Priebus announced that Raj Shah will serve as RNC Research Director for the 2016 election cycle. "I'm pleased to announce that Raj Shah is returning to the RNC as our new Research Director and Deputy Communications Director," said Priebus. "Raj will take the helm of a top-notch Research Department as we prepare to defeat Hillary Clinton and the Democrats in 2016 and to hold them accountable for their records.
CAMBRIDGE, MA--Iora Health announced it has secured $28 Million in its Series C funding round from four new investors: Foundation Medical Partners, Rice Management Company, GE Ventures and Khosla Ventures, and its existing investors, including .406 Ventures, Fidelity Biosciences and Polaris Partners.
TEWKSBURY, MA--Tewksbury-based Altiostar Network, founded by veteran tech entrepreneur Ashraf Dahod, has raised $50 million in new equity funding, Boston Business Journal reported quoting a recent regulatory filing. The newest round of funding means the company has now raised a total of $120 million in funding.
After assuming the role of India's Ambassador to the United States barely a year ago, S. Jaishankar has returned to India and has been appointed as India's Foreign Secretary. In his new role, he will play a key role in India's foreign policy making and will be responsible for managing the entire foreign policy bureaucracy.
CHELMSFORD, MA—The Indian Consulate General of New York, which oversees New England states, is organizing an outreach event to the Indian community on March 14, 2015, at the Radisson Inn in Chelmsford, MA.
The day-long event, which is being organized in collaboration with local Indian organizations and with the help of community leaders, will feature consular and visa services.
Modi Inaugurates GE Manufacturing Facility in Pune
Inaugurating GE's multi-modal manufacturing facility in Pune, Prime Minister Modi said there are immense possibilities for manufacturing in India, as investors are drawn to the country's young and skilled workforce.
The dream of launching a business runs deep in the American psyche, but more often than not those dreams go bust. Half of new U.S. companies fail in their first five years, according to Gallup. Expand the timeframe out to 10 years and the failure rate reaches 70 percent. That's not surprising, says Randy H. Nelson, an entrepreneur who has built multi-million dollar companies.
In previous years we suggested purchasing Virginia Land Preservation Credits. A dollar of tax credit could be purchased for 75 or 80 cents, saving a significant amount of money on state taxes. In recent years, however, some of these credits were challenged. Some of the people who purchased them had to redo their tax returns. Now, 88 cents is one of the best prices available. You still have to pay short-term capital gains on what you save. As a result, we are not recommending them this year.
In December 2009, Tristina Elmes owed more money than she could pay in taxes and found herself in tax court. The IRS wanted to collect as much as they could as quickly as possible. During an IRS summons, Elmes chose to plead the Fifth Amendment because she didn't trust the IRS in its fishing expedition.