Last year in April we talked to Krishna Gupta, who along with Anantshree Chaturvedi and Cankut Durgun, co-founded the venture capitalist firm Romulus Capital in 2008. Gupta and Durgun were still students at MIT at the time. Since the last time we talked, Romulus Capital has closed and invested 25 percent of its $50 million dollar fund it was in the process of raising last year.
Harvard Business School (HBS) has named Sid Misra among its 2014-2015 Blavatnik Fellows in Life Science Entrepreneurship. These fellows, five outstanding HBS alumni who graduated from the School no more than seven years ago, will work with inventors from Harvard University's research laboratories to promote the commercialization of innovative life science-oriented technologies.
WASHINGTON, DC—Educating, empowering, and employing the largest-ever generation of young people is vital to ending poverty and boosting shared prosperity—the World Bank Group's twin corporate goals. New impact evaluation (IE) briefs by the World Bank Group (WBG), released ahead of International Youth Day 2014, shed new light on what works in development interventions targeting girls and young women, who still account for a disproportionate share of the world's poor and face persistent inequalities at home, school, and work that help keep them and their families in poverty.
WESTON, MA-Kipin Hall, the award winning company, has another achievement to add to its long list. They have been named semi-finalists at the ongoing $5 million Robin Hood Foundation Education Competition. Being a semi-finalist means that Kipin Hall will receive an additional $40,000 in grants that will be used to improve its education platform.
BOSTON--Venkat Srinivasan, president and CEO of RAGE Frameworks, a growing leader in Big Data and Business Process Automation, has been named 2014 CIO of the Year in Emerging Business by the Boston Business Journal and Mass High Tech. Recognizing the challenge of running a company efficiently in today's world of technology, the CIO Award honors top innovators who are ahead of the curve and playing a vital role in New England's economic success.
SACRAMENTO, Calif. — Sacramento Kings Major Owner Vivek Ranadivé, the first Indian-born owner in NBA history, to serve as Grand Marshal for the world's largest India Day Parade in New York City. The parade, which honors India's 67th Independence Day, will be broadcast in over 40 countries and reach over three million Asian-Indians in America.
NORTH ANDOVER, MA-- WIN Enterprises announced the PL-80540, a 3U networking platform. The system delivers high-density processing with up to 12 hot-pluggable blades powered by Intel® Xeon E3 12xx series processors. These high performance quad-core processors deliver clock speeds of 3.2 GHz or 3.4GHz.
BOSTON — RAGE Frameworks, a growing leader in Big Data and Business Process Automation, is relocating from its 8,500 square foot space in Westwood, MA to its new 15,500 square foot home at 3 Allied Drive, Dedham Place, Dedham, MA. RAGE was a relatively new company when it moved into the Westwood offices seven years ago. Since that time, RAGE has blossomed into a mature Big Data company with significant client and employee growth.
Technology is life for Abhi Ashutosh, a native of Weston, MA, and a rising junior at New York University who is studying computer science with minors in business and math. Ashutosh co-founded Kipin Hall in June of 2013 with Sai Yerram and Kranthi Pinjala. Kipin Hall is an award winning platform that makes it easier for professors to communicate with students and vice versa.
RUTHERFORD, N.J and HYDERABAD, INDIA — Cancer Genetics, Inc. (Nasdaq; CGIX), an emerging leader in DNA-based cancer diagnostics, closed the announced acquisition of BioServe Biotechnologies (India) Pvt. Ltd., a premier genomics services provider serving both the research and clinical markets in India.
WASHINGTON--The U.S.-India Business Council (USIBC) provided a positive response to pronouncement by Prime Minister Modi of a new pan-India comprehensive financial inclusion plan that expands access to financial services to a wider cross-section of India's citizens. USIBC hailed the national financial inclusion plan as an important step toward the next stage of India's social and economic development.
Vidyo, Inc., an innovator in visual communications, has been selected by IndusInd Bank, one of the fastest growing new-generation private sector banks in India, for Video Branch, a mobile and desktop-based banking service being deployed across the country. Video Branch, launched on June 2, 2014, has accumulated a user rating of 4.8 on scale of 5 on the Google Play Store.
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.