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."
WESTFORD, MA--NetScout Systems, Inc. (NASDAQ:NTCT), a provider of performance analytics and operational intelligence solutions, announced that it has entered into a definitive agreement to acquire the Communications business of Danaher Corporation (NYSE:DHR), comprising Tektronix Communications, Arbor Networks, and certain parts of Fluke Networks.
NEW DELHI--Persons of Indian Origin will get life-long visa to visit India, the government has notified, days after Prime Minister Narendra Modi announced the concession at the Madison Square Garden rally in the US, according to Deccan Herald and a news report from Press Trust of India and other news sources.
WELLESLEY, MA—Babson College has released a new study on venture capital funding for women entrepreneurs, identifying enormous, untapped opportunity for venture capitalists to drive new growth and innovation by investing in women entrepreneurs. Lakshmi Balachandra is one of the authors of the study.
MEDFORD, MA--There are currently 2.9 billion Internet users in the world. While a staggering number, businesses and governments have an opportunity to expand their reach by bringing the remaining 60 percent of the global population online. Successfully supporting those consumers will depend on knowing which countries are leading digital growth.
BOSTON--Ameeta Soni has joined Chief Outsiders, LLC, one of the nation's leading strategic marketing firms comprised solely of C-level marketing executives focused on addressing the growth challenges of mid-sized companies. Based in Boston, Soni will work with CEOs in New England and throughout the U.S. to address their business issues and take their companies to the next level of business performance.
WASHINGTON, DC--As India's Prime Minister Narendra Modi readies for his first encounter with President Barack Obama next week, the Indian pharmaceutical industry, U.S. health care providers and life sciences companies, think tanks and policy experts, academic and research institutions, U.S. insurance companies and pension funds, NGOs and Trade Associations, have launched today a website for their Coalition for Affordable Care.
SILICON VALLEY, Calif— In 2014, 172,500 people applied for H1B visa. Out of those 51% were rejected through a lottery process. Another 1/4th of the applicants will be denied due to lack of documents or improper filings, according to USICS and National Foundation for American Policy.
GURGAON, India---GoDaddy, the world's largest technology provider dedicated to small businesses, announced the completion of its second year of operations in India this week. The company has already exhibited phenomenal success in the market. Providing stellar customer care is at the core of GoDaddy's global strategy.
SAN FRANCISCO---Wells Fargo & Company (NYSE:WFC) is donating $100,000 to United Way Worldwide to help with flood relief efforts in the state of Jammu and Kashmir (J&K) in northern India. Floods struck the region in September, killing at least 300 people, submerging hundreds of villages, and triggering landslides.
LONDON--Close on the heels of the Indian Prime Minister Shri Narendra Modi's call for enhancing investments in India, the 24th OIFC Diaspora Engagement Meet in London centered around partnerships in manufacturing, skills and energy. The Overseas Indian Facilitation Centre (OIFC), a public private partnership between the Ministry of Overseas Indian Affairs and Confederation of Indian Industry (CII) formed to facilitate the economic engagement of the Indian Diaspora with India.
NEW DELHI & LONDON--The Overseas Indian Facilitation Centre (OIFC), a public private partnership between the Ministry of Overseas Indian Affairs and Confederation of Indian Industry (CII) formed to facilitate the economic engagement of the Indian Diaspora with India, is all set to host the 24th OIFC Diaspora Engagement Meet in London on 16th October 2014. The Meet will be bringing together industry leaders from India and UK to discuss business opportunities for both trade and investments between the two countries.
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.