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WALTHAM, MA—The Worth magazine has named three people of the Indian origin in its list of The 100 Most Powerful People in Finance. They are: Arundhati Bhattacharya, chairman, State Bank of India; Anshu Jain, Co-CEO, Deutsche Bank; and Preet Bharara, United States Attorney for the Southern District of New York.
 
"Bhattacharya is the first woman to be chair of the State Bank of India, the nation's largest lender with $380 billion in Assets," Worth said. "She is the driving force behind major reforms in Indian agriculture, industry and finance, as well as a two-year employee sabbatical policy for women with child or elder care responsibilities."

Aereo, whose innovative remote (cloud-based) antenna/DVR technology made watching television simple and user-friendly but ran into legal trouble, has filed for bankruptcy. Using Aereo's technology, consumers can pause and rewind any program that they are watching live, or save a program for future viewing.
BEDFORD, MA — S4 Inc. has been awarded a prime contract to provide U.S. Strategic Command (USSTRATCOM) Systems and Missions Support (USAMS). The USAMS III contract vehicle will provide support to Headquarters USSTRATCOM at Offutt AFB, NE, its subordinate and supporting agencies, component commands, and supported agencies worldwide.
WALTHAM, MA—Paresh Motiwala has joined Actifio, the copy data virtualization company, as SQL Solutions Architect. He has been a database specialist for about 15 years. At Actifio, Motiwala will help the sales team with the SQL needs for their customer and tailor the solutions based on ideal marriage of Microsoft SQL Server and Actifio's Copy Data Management Technology. 
WASHINGTON, DC—US President Barack Obama took a controversial but a bold step on immigration last night when he addressed the nation. Immigration being a big issue in the Asian and South Asian community, INDIA New England News here produces excerpts from his speech:"For more than 200 years, our tradition of welcoming immigrants from around the world has given us a tremendous advantage over other nations 
BOSTON--- Wayfair Inc. , one of the world's largest online destinations for home furnishings and décor, reported financial results for its third quarter ended September 30, 2014. "We are very pleased with the third quarter results and Wayfair's growth trajectory," said Niraj Shah, Wayfair CEO, Co-Chairman and Co-Founder. 
DEDHAM, MA--RAGE Frameworks (RAGE), a pioneer in rapid Business Transformation technology and Big Data Analytics and founded by Venkat Srinivasan, released a report featuring research from Gartner titled "Enabling the Responsive Enterprise, Is Business Technology Ready?" 
NEW YORK--Ozone Media, a global advertising technology provider, announced it has appointed Raj Beri as chief operating officer (COO). In his new role, Beri will oversee the company's engineering, product development and day-to-day operations. As part of the Ozone Media executive leadership team, Beri's mission will be to scale the company's operations to manage the huge growth it is seeing. 

BEDFORD, MA— With over 100 patents and four major companies under his belt, Amar Sawhney talks about his entrepreneurial journey in an exclusive video interview with INDIA New England News. He is the founder, CEO and Chairman of the Board of Directors of Ocular Therapeutix, a Bedford, MA-based biopharmaceutical company that went public in July.

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CHICAGO---Protection 1, the largest full-service business and home security company in the U.S., announced that it has hired Simi Gupta, CPA, MBA as its new Chief Accounting Officer for Brite Energy, Powered by Protection 1. Brite Energy is Protection 1's recently formed entity that will bring added services to its customers in the form of solar energy.

Accenture is developing a mobile government system for the Arunachal Pradesh Department of Information Technology, the system is designed to enhance citizen access to more than 21 government services across 12 categories in eight state departments using mobile platforms and an online portal.

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.

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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