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WALTHAM, MA--Augmenix Inc., a privately held company developing minimally invasive hydrogel products to improve outcomes following cancer radiotherapy announced closure of $10.8 million Series D fundraising. Participants in this latest round of financing included a new investor, Excelestar Ventures as well as certain individuals. Existing investors CHV II, Catalyst Health Ventures and Sparta Group also participated.

These funds are anticipated to see Augmenix through to SpaceOAR® System approval and US market launch, with commercialization activities expected to commence in earnest in 2015.

Augmenix also announced the expiration of the option earlier granted to Varian Medical Systems, under which Varian had the right to acquire the rest of Augmenix upon achievement of certain milestones.

A World Bank Feature Story
Born and raised in a thatched one-room hut in rural Tamil Nadu, twenty-two year old Enita now spends her day amidst mounds of brightly colored lace, sewing fancy lingerie for the high-fashion stores of western capitals. A hint of jasmine fills the air and lilting Bollywood music keeps time with the gentle hum of machines on the air-conditioned factory floor. 
NEW DELHI--The Confederation of Indian Industry's Centre of Excellence for Sustainable Development (CESD) celebrated the Indian debut of the EPEAT® environmental-rating system for electronics with an event in Delhi co-hosted with the Green Electronics Council.
BOSTON — Actifio, the copy data virtualization company, announced the addition of three proven industry veterans — Ratan Tipirneni, M.J. Golibart and Bjorn Engelhardt — to its global management team. The three represent a combined 75 years experience in enterprise technology, and all have longstanding relationships with existing Actifio team members.
Rakesh Khurana, professor of sociology and organizational behavior at Harvard University, and co-master of Cabot House, became dean of Harvard College on July 1, 2014, according to Harvard University. Founded in 1636, Harvard College, one of two schools within Harvard University awarding undergraduate degrees, is the oldest institution of higher learning in the United States.
WALTHAM, MA--Care.com , the world's largest online destination for finding and managing family care that was co-founded by Zenobia Moochhala, has acquired Citrus Lane, a social commerce platform designed for moms, for $48.6 million. The acquisition has been completed for consideration of $22.9 million cash and $8.1 million in equity at close. 
WASHINGTON, DC—World Bank Group President Jim Yong Kim is in New Delhi on a three-day visit to the country as it builds new momentum toward higher growth, which is required to lift its millions out of poverty. During his visit, Kim will meet with Prime Minister Narendra Modi and Finance Minister Arun Jaitley in Delhi. 
MUMBAI, India— ICICI Bank Limited, India’s largest private sector bank, announced the launch of ‘ICICI Bank Global Banking-Hello Canada’, a convenient banking service for Indians migrated or migrating to Canada. This service offers a customer the convenience of opening a Canadian Dollar (CAD) Account with ICICI Bank Canada along with an NRI (Non Resident Indian) savings account with ICICI Bank in India.
Nisha Desai Biswal, Assistant Secretary of State of South and Central Asian Affairs, recently testified before the US Senate Foreign Relations Committee, Subcommittee on Near Eastern & South & Central Asian Affairs, in Washington, DC. In her testimony, Biswal talked about reexamining US-India relations, especially in the context of recent Indian elections that conferred an unprecedented mandate on Prime Minister Narendra Modi and the Bharatiya Janata Party.

IndUS News Wire
Breaking News
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.

Secretary of State John Kerry will deliver a speech at a launch event inaugurating the Center for American Progress’ India: 2020 program on Monday, July 28, at the Center for American Progress (CAP). The Secretary will underscore the shared prosperity, democratic values, and security that a strong U.S.-India partnership brings to Asia and to the global order.

Indian Food Processing Minister Harsimrat Kaur Badal has welcomed the allocation of Rs. 2000 crore for Food Processing. She has been pitching for linking food processing industries to the credit given by NABARD and this is being seen as a quantum step in the right direction.

Latest Blogs

This roundtable was specifically designed to host the finals of the Rackspace Cloud – 1M/1M Startup Challenge.

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.

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