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January 2011

Breaking News
Accellion expands in India

PALO ALTO, Calif. -- Accellion Inc. has expended its presence in India through a partnership with international distributor Teqdis. The partnership enables Teqdis and its reseller partners to address enterprise customers’ growing security and compliance concerns over sharing confidential information via e-mail attachments by making the Accellion Secure File Transfer solution more easily accessible to the Indian market, the company said.



American Dental Practices appoints chief surgeon in Mumbai

ANDOVER, Mass. -- American Dental Practices has appointed Dr. Jyoti A. Chaudhari as a chief dental surgeon in its Mumbai, India clinic. In this capacity, Chaudhari will lead day to day operations of company's flagship clinic in Goregaon, a suburb of Mumbai city.



Columbia Asia opens New Delhi hospital

SEATTLE -- Hospital company Columbia Asia has opened a $20 million hospital just outside of New Delhi, India, in the city of Ghaziabad. Ghaziabad, a city of 3.3 million people, is east of Delhi and is part of the 13,000-square-mile National Capital Region around Delhi, the fastest growing urban area in India.



Commerce Secretary talks trade with Indian Ambassador

WASHINGTON -- U.S. Commerce Secretary Gary Locke met on Jan. 11 with India's Ambassador to the United States, Meera Shankar, to discuss bilateral trade and investment issues.



Connecticut firm invests in Bangalore micro-finance business

DARIEN, Conn. -- Developing World Markets has invested $8.8 million in Bangalore-based Ujjivan Financial Services. Ujjivan is a micro-finance institution focusing on the sector in India.



Federal agencies set plans to increase Asian American access to government

WASHINGTON -- On Jan. 18, the White House Initiative on Asian Americans and Pacific Islanders Interagency Working Group released the first set of agency plans to increase Asian American and Pacific Islanders access to the federal government.



Gambit unveils new network management simulation tool

NASHUA, N.H. -- Gambit Communications, a provider network management protocol simulation tools, has released the latest version of its simulation product, MIMIC Simulator Suite 11.00. The updated MIMIC has a new service, NetFlow Simulator, for complete evaluation and troubleshooting of flow monitoring, management and analysis applications, the company said.



GeoGenix sparks radio show about solar energy

RUMSON, N.J. -- GeoGenix, a residential and commercial solar installation company, launched an educational radio series dedicated to the discussion of solar energy on EBC Radio's morning talk show hosted by Sanket Nagrecha. The series debuted on Jan. 12, at 8 a.m. on WWTR, channel 1170 AM, with the first guest appearance by GeoGenix’s managing member, Gaurav Naik. The 15-minute show will air weekly on Wednesdays at 8 a.m. through mid-April 2011.



IDC opens research business in Bangalore

FRAMINGHAM, Mass. -- The International Data Corp. is opening a wholly-owned India research business unit in Bangalore, India. The new research business unit, which is expected to open in the first quarter of 2011, will enable International Data Corp. to provide more comprehensive coverage of the rapidly expanding information and communications technology markets in India, as well as service the needs of its customers based in India.



Kirk Communications inks agreement with ConVerge

PORTSMOUTH, N.H. -- Kirk Communications has signed a deal to provide marketing research and create a new Web site for ConVerge Diagnostic Services, a diagnostic lab services company.



President Obama hosts Pakistan President in Washington

WASHINGTON -- President Barack Obama met with President Asif Ali Zardari of Pakistan on Jan. 14 at the White House.  The discussion focused on our shared efforts to fight terrorism and promote regional stability, specifically on the importance of cooperating toward a peaceful and stable outcome in Afghanistan. 



President Obama, First Lady acknowledge Republic Day

WASHINGTON -- President Barack Obama and First Lady Michelle Obama wished India well on Republic Day with an official statement from the White House on Jan. 26.



Srinivasan takes office in Conn. Senate

HARTFORD -- Dr. Prasad Srinivasan was sworn into the Connecticut House of Representatives on January 5. Republican Srinivasan, from Conn.'s 31st District, beat two-term incumbent Democrat Thomas Kehoe handily, by a margin of 1,400 votes, in a race in which 72 percent of District 31's electorate turned out to cast 10,000 ballots for the two candidates.



Tata invests $15M into MIT work on alternative fuel

CAMBRIDGE, Mass. -- Ratan Tata, the chairman of Tata Sons Ltd., has once again pumped some money into the local region with a $15 million investment into a Massachusetts Institute of Technology research project that is looking to use hydrogen from water as fuel for cars.



TiE Boston launches angel investing group

BOSTON -- The Boston chapter of The Indus Entrepreneurs has launched TiE Angels, an angel investment group comprised of charter members of TiE Boston. The group's mission is to provide entrepreneurs access to seed capital and ongoing strategic and operational support



USINPAC congratulates new co-chairs of Congress India Caucus

WASHINGTON -- The U.S. India Political Action Committee has lauded the appointment of Rep. Joseph Crowley, D-N.Y., and Rep. Ed Royce, R-Calif., as co-chairs of the Congressional Caucus on India and Indian-Americans in the 112th Congress.  Rep. Royce and Rep. Cowley have been valued friends of the Indian-American community, and have worked consistently towards strengthening U.S-India relations, the organization said.



Executive Profile
Sub Featured
Krishnan Ganesh: Tech Teaching
TutorVista founder sees his vision for online tutoring flower

BANGALORE, India — When Krishnan Ganesh founded TutorVista he had a simple mission — to use technology to make tutoring more efficient, cost-effective and accessible. He also wanted to find a way to harness the brainpower of India and help students in other countries, especially the United States, learn. If the numbers are any suggestion he is well on his way to doing so.


Focus
Health investment to rise

LOS ANGELES — Investment in the health-care industry is expected to increase significantly from just six months ago, according to a recent study from Pepperdine University’s Graziadio School of Business and Management.



Idera's Agrawal to head board

CAMBRIDGE, Mass. — Idera Pharmaceuticals Inc. President and Chief Executive Officer Sudhir Agrawal has been appointed chairman of the board of directors. Agrawal replaces James Wyngaarden, who retired as chairman after 10 years and will remain as a director. As part of the move Agrawal will step down as the company's chief scientific officer.



Pharma market to hit $880B

NORWALK, Conn. — The value of the global pharmaceutical market is expected to grow as much as 7 percent in 2011 to $880 billion, according to a new report from IMS Health.



Franchise & Hospitality
Calif. couples join forces in Kiddie Academy quest

SAN JOSE, Calif. — Franchising is one of those industries littered with stories about individuals turning misfortunes in one professional field into success with another. For the husband and wife pairing of Neeraj and Bala Sahejpal, and Pramod and Ravinder Gaud, it is just such a circumstance that led them to Kiddie Academy.



For AAHOA, 2011 brings resolve for new rewards

The holiday and new year season is a time of nostalgia as we remember and respect the rich traditions of our past. It is also a time of inspiration as we optimistically anticipate an abundant future. Also, most certainly, it's a time of resolution as we make plans to dream bigger and live bolder.



Md. man signs developer deal with Boardwalk

COLUMBIA, Md. — Koteswara Aluri has signed a development with Boardwalk Fresh Burgers & Fries for Fairfax County, Va.

Aluri's first restaurant, slated to open in April 2011, will be located Springfield, Va. Aluri's company, Boardwalk Fairfax LLC, will be developing a total of five Boardwalk Fresh Burgers & Fries restaurants over the next four years, according to the company.



South Asian Connection
Avery Dennison expands facility in Pune

PUNE, India — Avery Dennison is increasing its commitment to the growing Indian packaging industry with the expansion of is pressure-sensitive materials manufacturing plant in Pune. The materials are used for labeling and packaging.



HP targets India with DreamScreen

Table-top product features 18.5-inch screen, DVD drive

NEW DELHI — Hewlett-Packard has released a new product, The HP DreamScreen400, which was developed specifically to provide access to the Internet for consumers in India.


NH business fuels India power surge
MERRIMACK, N.H. — New Hampshire’s publicly traded GT Solar International Inc. has received a deal from an Indian company to help build a large polysilicon production facility in Chhattisgarh. Polysilicon is material most commonly used making microchips and solar panels. GT Solar’s interest from India has been primarily for the use of the material in the solar industry.


Technology
Harland buys uMonitor
LAKE MARY, Fla. — Harland Financial Solutions has acquired Memphis, Tennessee-based uMonitor. Harland Financial Solutions will immediately begin integrating uMonitor’s solutions into its existing core, lending, mortgage, branch automation, Internet and mobile banking offerings. The terms of the transaction were not disclosed. 


Realization receives patent for project management
SAN JOSE, Calif. — Realization, a provider of enterprise project management services and software, has received a patent from the United States Patent and Trademark Office for its technology that manages complex projects. The technology allows organizations to cut multitasking and maintain synchronization in large and complex projects, while allowing resources and tasks to be prioritized in detail, according to the company.


Simply Hired enters Russia
MOUNTAIN VIEW, Calif. — Simply Hired, a search engine for jobs and recruitment advertising network, has launched a new site for Russia.

With more than 195,000 local job listings, Simply Hired's expanded international presence into the world's largest country will directly benefit job seekers and bring a wealth of opportunity to local recruiters, employers and Web publishers, the company said. 


Top Stories
Featured
Making the Call

Nymgo targets Indian-Americans with Internet voice service to India


LONDON — When Nymgo got into the voice-over-Internet protocol business in 2009 the company had a clear target in industry pioneer Skype. Chasing international business was the company's tact, but what it didn't know then — and now does — is India may be the key to success.

In particular, Nymgo is aggressively pursuing the United States-India market and hoping to get a leg up with the massive amount of calls Indian Americans are looking to place back to family and friends in India.

The voice-over-Internet calling industry has been driven by consumers seeking to make calls for virtually no cost, as long as they have Internet service and once they download the software that voice-over-Internet business provide to set up their services. However, when it comes to international calling the service does incur fees. Skype, for example, charges base rate of just over 9 cents a minute to call the major cities in India.


Sub Featured
2010 in Photos
San Jose, Calif.-based Prysm Inc. has developed a new kind of display technology, called Laser Phosphor Display, which will initially be used for large commercial digital displays.

2010 Year in Review: India welcomes Obama

U.S. President Barack Obama's visit to India in November 2010 was celebrated by all and had many excited that the visit will prompt and even stronger economic and political bond between the United States and India.



Chopra, Liquid Comics release Buddha novel
NEW YORK — Deepak Chopra is joining forces with Liquid Comics and Dynamite Entertainment on a graphic novel adaptation of his New York Times bestselling novel entitled, “Buddha: A Story of Enlightenment.”


Pa. company connects artisans to world

Ten Thousand Villages makes mark as fair-trade business

AKRON, Pa. — Fair trade artisan goods retailer Ten Thousand Villages wants to help reshape the face of consumerism to reflect more closely social consciousness. 



Senate kills immigration 'dream' act
Failure of DREAM legislation puts reform at square one

WASHINGTON — For many in the immigration community The Development, Relief, Education for Alien Minors Act, known as the DREAM Act, was just that — a dream answer to some of the immigration problems in the United States. And it was also at least some action on President Barack Obama’s campaign promise to deliver immigration reform. But with the act’s defeat in the Senate, its acronym now becomes all too real and will remain nothing but a dream.


Soladigm raises $30M

VC Report

Soladigm, a maker of green building and energy efficiency products, has received $30 million in equity financing in a third round of funding.


Top 10 Stories of 2010

1. EMC buys Isilon Systems for $2.25B

In November 2010, EMC Corp. agreed to acquire Indian-American founded Isilon Systems Inc. in a cash deal worth approximately $2.25 billion. Hopkinton, Mass.-based IT giant EMC made the move in what it is calling an attempt to gain a foothold in the fast-growing “scale-out, network-attached storage systems” industry.


Warner to co-chair Senate India Caucus
Virginia Democrat replaces much admired Dodd

WASHINGTON — Connecticut Sen. Chris Dodd has endeared himself to the Indian American community with his time spent heading up the Senate India Caucus, but now he is passing on the torch to someone he views as a worthy successor.










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