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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.

PATNA, INDIA-- With more than two-thirds of its population lacking access to electricity, Bihar needs to add significantly to its generation capacity and ramp up investment in transmission and distribution if it is to provide affordable and reliable power to its people, says a World Bank study. 
Vanita Shastri, who resigned as executive director of TiE-Boston last September, has joined newly-launched Ashoka University in India. Shastri could not be reached for comment, but sources said that she had joined the Ashoka University as Dean of the Undergraduate Programs.
BURLINGTON, MA—Area's four entrepreneurs and TiE-Boston's 2014 Entrepreneurial Achievement Award Winners who had successful acquisitions or Initial Public Offering (IPO), had a very sound advice to budding entrepreneurs: "Raise money when you can raise money and when you don't need it."
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.
By US Rep. Frank Pallone
(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. 

IndUS News Wire
Breaking News
India Launches eBiz Portal
The Government has launched an eBiz portal (www.ebiz.gov.in) with the aim of improving the ease of doing business in India. eBiz has 11 government services. DIPP Secretary Amitabh Kant said that the portal is meant to eliminate needless procedures and integrate use of technology.

NEW YORK-- TRANSFAST, the global money transfer company, and HDFC Bank of India today announced they are partnering to enable TRANSFAST customers worldwide to make instant transfers into accounts at HDFC Bank. The instant service is available 24x7x365 — including bank holidays.

Millions of Americans face a challenge in meeting their budgets every month — not just financially, but also in their time budgets, says investment advisor Reid Abedeen.

"Knowledge is power and time is often money, but what if you don't have the time to empower yourself with knowledge? For many households, that often means losing out on thousands of dollars through tax deductions," says Abedeen, a partner at Safeguard Investment Advisory Group, LLC.

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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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