JAIPUR, Rajasthan— Former President Bill Clinton visited the Akshaya Patra's in Jaipur Kitchen on July 16. The kitchen, which is part of Akshaya Patra's Clinton Global Initiative (CGI) Commitment to Action, was built in 2004 and currently serves over 106,000 students in more than 1,400 schools is one of 20 such kitchens that Akshaya Patra operates across India.
"Akshaya Patra combines the execution excellence of a for-profit with the compassion of a non-profit," Akshaya Patra USA Chairman Desh Deshpande told President Clinton and the delegates at the kitchen tour. "If we all come together and bring our skills, our passion and our resources to bear, " he continued, " we can help this organization meet and surpass its goal of feeding 5 million children daily by 2020."
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.
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.
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.
Amira Nature Foods Ltd , a global provider of branded packaged Indian specialty rice, announced the launch of Amira branded products in Ratnadeep supermarkets in Hyderabad and Secunderabad, India. Ratnadeep will be offering several Amira products, including Amira Extra Long Grain Basmati Rice. Ratnadeep supermarket is a regional retail chain based out of Hyderabad, India.
Reserve Bank of India (RBI) has informed that in order to provide operational flexibility and ease the procedures, it has been decided to permit Authorised Dealer (AD) Category-I banks to issue bank guarantee, without prior approval of the RBI, on behalf of a non-resident acquiring shares or convertible debentures of an Indian company through open offers/delisting/exit offers, provided:
The new Indian Government placed its maiden Budget, for consideration and passing before Parliament of India on July 10, 2014. The Budget contains a number of proposals to improve business climate, encourage foreign investment, and bring a transparent and non-discriminatory regulatory regime for investors. The key excerpts from Finance Minister Arun Jaitley's speech in the Indian Parliament on July 10 may be seen here:
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.