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November 2010

Breaking News
Actuate teams with Wipro

SAN MATEO, Calif. -- Actuate Corp., an open source business intelligence vendor, has formed a strategic alliance with Wipro Infotech. Under the agreement, Wipro Infotech will promote the use of Actuate products including Actuate BIRT (Business Intelligence Reporting Tools) among organizations in India.

Cellceutix CEO resigns citing pay issues
BEVERLY, Mass. -- George Evans, chief executive officer of Cellceutix Corp., has resigned in an e-mail saying that the company’s lowering of his salary without his consent violated the terms of his employment. Evans claimed he is owed a salary of $900,000 through Dec. 7, 2010 and a salary of $800,000 through Dec. 7, 2012. He also claims that he is still owed back salary.

Conn. senator marks the start of Diwali
HARTFORD, Conn. -- Democratic Senator Chris Dodd from Connecticut, a senior member of the Senate Foreign Relations Committee and co-chair of the Senate India Caucus, recognized the start of Diwali earlier this week with a statement on Nov. 8.

DISH Network offers new channels

ENGLEWOOD, Colo. -- DISH Network has launched two new Tamil channels, a Kannada channel and a Nepalese channel. According to the company, it is the first provider of the three Southern India channels in the United States and the Nepalese channel is the first to be broadcast in America.

GOPIO Health Summit focuses on chronic health issues

The Health Council of Global Organization of People of Indian Origin, together with GOPIO chapters of Connecticut, New York, New Jersey, Long Island and Upper New York hosted a health summit on Nov. 12 to Nov. 14 at the Crowne Plaza Hotel LaGuardia in East Elmhurst, N.Y.  Its goal is to help improve the health of people of Indian origin by raising awareness of current and emerging health issues affecting them, and by promoting preventive practices and sharing information to better manage chronic diseases, according to the group.

Leader Bank named one of top-100 places to work in Massachusetts

ARLINGTON, Mass. -- Leader Bank has been named one of the “100 Top Places to Work in Massachusetts” in the third annual employee-based survey project from The Boston Globe. On the 2010 list, Leader Bank ranked 22nd in the small business category.

Liberty Mutual plans to offer insurance in India

BOSTON — Liberty Mutual Group, a property and casualty insurer, is opening operations in India to provide personal and commercial insurance.

The Boston-based Liberty Mutual has agreed to establish a joint venture with Videocon Industries Ltd., which is headquartered in Aurangabad, Maharashtra, through which they intend to provide insurance products. The two companies intend to begin the licensing application process for the new company before the end of this year.

Massachusetts resident charged with immigration fraud

BOSTON -- In a criminal complaint filed in U.S. District Court on Nov. 16, Aftab Ali, aka Aftab Ali Khan, 28, formerly of Watertown, Mass., was charged with immigration fraud and making false statements. The complaint alleges that Ali, a Pakistani citizen, entered the country in August 2009 to marry his then-fiancé and began working at a Brookline, Mass., gas station despite lacking a work permit. It is alleged that approximately three months later, after marrying a different woman, Ali defrauded the government by filing documents to adjust his immigration status in which he knowingly omitted his unauthorized employment. These charges are the result of a joint investigation led by the U.S. Immigration and Customs Enforcement Office of Homeland Security Investigations.

Report calls Pakistan floods a 'wake-up call'

Refugees International issued a report on Nov. 22 about the unprecedented floods in Pakistan entitled “Confronting Climate Displacement: Learning from Pakistan’s Floods.” This report examines the humanitarian response to Pakistan’s floods and outlines steps for the United States and international agencies to address the threat that climate change poses to economic, political and human security in Pakistan and other vulnerable countries.

Sri Lanka makes bid to increase American tourism

WASHINGTON -- On Nov. 12, more than 160 guests filled the official residence of Sri Lankan Ambassador Jaliya Wickramasuriya in Washington to enjoy an evening of Sri Lankan dance, music and food during a reception to boost tourism in Sri Lanka. Hosted by Wickramasuriya and the International Club of Washington, the evening of Sri Lankan culture followed on the heels of a tour to Sri Lanka Wickramasuriya led in August for 25 members of the International Club.

U.S. establishes National Advisory Council for Minority Business Enterprises

WASHINGTON -- U.S. Commerce Secretary Gary Locke has appointed 25 individuals to serve on the newly established National Advisory Council for Minority Business Enterprises.  The advisory council, led by the Commerce Department’s Minority Business Development Agency, is the first council focused on promoting the minority business community since the early 1970s. 

USIBC develops plan for U.S.-India education cooperation

WASHINGTON -- The U.S.-India Business Council recently concluded its Higher Education Mission during President Barack Obama’s recent visit to India. Comprised of heads of leadership and senior representatives from some of America's top universities and educational service providers, including Arizona State University, Boston University, Duke University, Georgetown University, Pennsylvania State University, New York University, Rutgers University, and AcrossWorld Education, the mission aimed to provide the roadmap to further strengthen academic collaboration between the two countries.

Washington State delegation tours India

SEATTLE -- Following President Barack Obama’s first visit to India last month, a 13-member delegation from the Washington State India Trade Relations Action Committee visited India from Nov. 11 to Nov. 23. The goal of the delegation is to set up a long term bilateral trade relationship through sister port opportunities and higher education tie ups, leading to a future sister-state relationship between Washington and Orissa, according to the organization.

Executive Profile
Sub Featured
Shan Nair: Back on Top
Co-founder returns as CEO as Nair & Co. evolves

BONITA SPRINGS, Fla. — Shan Nair ran his Nair & Co. for many years until the outsourcing business grew to the point where it was time to bring in other executives to keep tabs on the ever expanding  company. Now, however, with a continued shift in the company's business, Nair is back as the company's chief executive officer and ready to steer its evolution.

Group ranks top outsourcing trends

POUGHKEEPSIE, N.Y. — Companies will return to using outsourcing to recapture innovation and provide flexibility in 2010 versus simply saving money, but global economic uncertainty will continue to impact the industry, according to predictions by the International Association of Outsourcing Professionals.

Franchise & Hospitality
Md. franchisee kicks off Nature's Table DC push

Subway veteran harbors high hopes for expansion

BELTSVILLE, Md. — Though just 33, Dhvani Vyas already has a pretty strong background in franchising so he was the perfect choice for Nature's Table Café to bank on in expanding to the Washington D.C. area.

South Asian Connection
Indian mobile handset company gets $43M

NEW DELHI — Sequoia Capital, Sandstone Capital and Madison India Capital have invested $43 million in Micromax Informatics Ltd., an Indian domestic mobile handset company.

Opto Circuits buys Cardiac Sciences
Bangalore company will pay $64M for Nasdaq biz

BANGALORE, India – Opto Circuits Ltd. has agreed to acquire Cardiac Science Corp. for $64 million.

Cardiac Science develops, manufactures, and markets a family of advanced diagnostic and therapeutic cardiology devices and systems.

Top Stories
Electronics Excitement

KPIT Cummins thrives on demand for auto electrics 

PUNE, India — When your biggest customers are half-way around the world in the automotive Mecca of Detroit, you are going to have to have a considerable presence on the ground and certainly be sure to be there for any of the industry's big events. This hold true for India's KPIT Cummins Infosystems Ltd., which sent its big guns to the United States last month for the SAE Convergence 2010 conference.

Held over a busy two-day span from Oct. 19-20 at the Cobo Center in Detroit, the conference showcased all the newest technology and innovation in automotive and transportation electronics. Held for over 30 years, the conference is recognized as the premier transportation electronics event attracting leading executives, engineers and technologists from around the globe. Serving as co-host companies for this year were giants Ford Motor Co. and Microsoft Corp.

Based in Pune, KPIT Cummins is a product engineering company that focuses on the automotive industry, including passenger cars, commercial vehicles and off-highway vehicles. The company provides embedded electronics for automobiles. These products range from microchip design to building hybrid engine technologies that improve fuel efficiency and battery consumption. Customers include automotive makers and original equipment manufacturers.

Sub Featured
Attorney thriving after drastic career U-turn

Sandill left AIDS research to pursue interest in law

WALTHAM, Mass. — Although some employees find stability working in large law firms, others like Shiva Sandill find comfort in the close-knit relationships found in some smaller law practices.

GE inks $750M in deals from Reliance
U.S. energy biz to help India improve energy capabilities

FAIRFIELD, Conn. — Energy giant General Electric Co. has nabbed $750 million in contracts from India's Reliance Power Ltd. as part of an effort to support the demand for more reliable energy in India.

Sikh Coalition drives AutoZone lawsuit
Sikh employee of auto parts chain claims harassment

BOSTON — The U.S. Equal Employment Oppor­tunity Commission has filed a lawsuit against AutoZone Inc., a national distributor and retailer of automobile parts, accusing the company of violating federal law when it subjected a Sikh employee to bigoted harassment and refused to accommodate his religious need to wear a turban.

Storage biz StorSimple raises $13M
VC Report

Cloud-storage company Stor­Simple has raised $13 million in funding led by Mayfield Fund, bringing the company’s total funding to $21 million. Partici­pation in this round included new investor Ignition Partners and both existing investors: Index Ventures and Redpoint Ventures. The funds will be used to expand sales, support and product operations.

Tata gives $50M to Harvard Biz School

Money slated to build new building on Boston campus

BOSTON — India’s Tata Group has given $50 million to Harvard Business School, the largest gift from a donor in the school’s 150 year history.

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