The Chicago-based GATX Corp. has entered the Indian marketplace with the purchase of 10 newly manufactured rakes, each consisting of 45 container flat wagons, through its subsidiary GATX India Pvt. Ltd. The company has agreed to lease the rail wagons to Arshiya Rail Infrastructure Ltd., a subsidiary of Arshiya International Ltd., for 10 years. This transaction will allow Arshiya to efficiently scale its rail fleet, the company said.
HyperSolar Inc., the developer of a technology to produce renewable hydrogen using sunlight and any source of water, has added Syed Mubeen Jawahar Hussaini to the company’s technology development team.
The Government of India Department of Electronics & Information Technology has selected Accenture to review investment proposals from global technology providers and investors interested in building semiconductor fabrication units in India.
The Atlanta-based McCamish Systems LLC, an Infosys company, specializing in insurance and retirement business process services, has signed a strategic business alliance with Resonant Software, a company with an underwriting and new business solution for the life insurance industry.
Dentist Priyadarshini Trikha was recently selected to serve as a guest board member on the board of trustees of the Massachusetts Dental Society.
In this non-voting position, Trikha will participate in several Board meetings over the coming year, offering input on a wide range of issues relating to the Massachusetts Dental Society and the dental profession.
The U.S.-India Business Council hosted its 37th Anniversary Leadership Summit this week, bringing together U.S. and Indian industry and government leaders to chart the way forward in the partnership between the world’s largest democracies. USIBC Chairman Ajay Banga, MasterCard Worldwide president and CEO, invigorated the crowd with a speech urging deeper collaboration between the United States and India and the importance of investment and action from the business community.
Westinghouse Electric Company LLC and Nuclear Power Company of India Ltd. agreed to negotiate an Early Works Agreement supporting future construction of AP1000 nuclear power plants at the Mithivirdi site in Gujarat.
Anytime Fitness, a Hastings, Minn.-based chain of co-ed health clubs, has signed a master franchise agreement for India with New Delhi-based House of Fitness Pvt. Ltd. House of Fitness will develop their own Anytime Fitness gyms, sell franchises and provide on-going support to franchisees, and will promote and market the brand in India.
Eddie Khan is truly a testament to living the American dream. Originally from Bangladesh, Khan came to the United States in 1992 to escape political and economic hardship. With odds of obtaining a student visa at one in 500, Khan luckily was awarded one and came to the United States with only $450 to his name. Through scholarships and grants, Khan attended the Colorado School of Mines and graduated with a degree in petroleum engineering.
Following graduation, Khan worked in Alaska for a petroleum engineering training program. He then moved to Hawaii, where he simultaneously began working for a construction engineering company and in timeshare sales.
U.S. automobile dealers from across the country filed a lawsuit earlier this week accusing the Indian truck manufacturer Mahindra & Mahindra Ltd. and its U.S. counterpart of fraud, misrepresentation and conspiracy. The lawsuit alleges that Mahindra duped hundreds of U.S. auto dealers and walked away with more than $60 million in cash and trade secrets. Then Mahindra simply reneged on its promises, according to attorney Michael Diaz, the managing partner of Miami-based Diaz Reus & Targ, who leads the plaintiffs’ legal team, which includes attorney Sumeet Chugani.
Publicly traded, technology giant Analog Devices Inc., which is headquartered in Norwood, Mass., has appointed Somshubhro Pal Choudhury as managing director for operations in India. Choudhury will manage Analog Devices’ presence in the country, specifically defining and executing strategies to expand business by further developing and strengthening the company’s relationships with strategic customers, the government and local universities, the company said.
Applied Micro Circuits Corp., silicon products for data centers and Internet infrastructure, has opened a new design center in Bangalore – its second in India. The operation will provide advanced design and development of AppliedMicro’s computing and connectivity solutions and provide significant value to its technology capabilities, the company said.
Boardwalk Fresh Burgers and Fries continued its expansion nationwide with its newest opening in Jeffersonville, Ind. Owner Umang Patel has plans to continue to develop more locations with the chain around Indianapolis, as well as in Kentucky in Louisville and Lexington.
Cavium Inc., a provider of semiconductor products that enable intelligent processing for networking, communications and digital home applications, has joined with Qualcomm to offer a mobile adapter solution based on the industry’s emerging Wi-Fi Display standard (now known as Miracast) and designed to provide better peer-to-peer connections with Qualcomm’s Snapdragon platform.
ESPN has agreed to sell its 50 percent stake in ESPN Star Sports to its News Corp. According to News Corp., the move will allow the company to own and operate all off the ESPN Star Sports business will giving ESPN more independence and flexibility in the future to support parent company The Walt Disney Co.’s overall efforts in Asia. The move also means the end for ESPN Star Sports managing director Manu Sawhney, a 16-year veteran of the company.
Dr. Prabhat Hajela, an experienced academic and administrative leader, has been appointed provost of Rensselaer Polytechnic Institute. He will start his new position at the Troy, N.Y., school on July 1. He has been served as acting provost since Jan. 1.
ISGN Corp., a provider of technology products and services to the U.S. mortgage industry, has named Ritesh Idnani its new chief executive officer. Idnani succeeds Krishna Srinivasan, founder, CEO and vice chairman of ISGN, who will continue as a member of the board and will remain executive vice chairman of the company.
A new research report published by iYogi Insights takes a closer look at how American parents view the iPad for their children. This is at a time when Apple is touting the device as the latest learning tool set to revolutionize education with its new iBooks textbook application. Despite the high price tag and debate surrounding this device, the latest research conducted by iYogi based on a survey of more than 2,000 of its customers found that an encouraging 33 percent parents are willing to buy or have already bought their children iPads. The study also shows that parents are willing to let kids spend an average of $14 a month and at least two hours on the device every day.
Komli Media, a media technology platform, has raised $39 million venture capital, led by Norwest Venture Partners, with participation from Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson and Western Technology Investment. The company has now raised a total of $62 million. The funds will be used to invest in the company’s core media technology platforms and to expand its presence across the Asia Pacific region.
Perhaps we thought popularity contests ended in high school, but recent polls are showing that “likeability” could very well determine who wins the presidency in November. Though Mitt Romney scores higher in polls on economic know-how, President Barack Obama currently polls at about 29 percentage points higher on likeability, according to a Gallup poll.
LuxeYard Inc., a boutique flash sale Web site for luxury home furnishings, decor and fashion, is expanding to India under a licensing deal with veteran technology and retail entrepreneur Sashi Chimala. Under the terms of the agreement, Chimala will establish LuxeYard India and an India-focused Web site.
Looking for ways to increase profits, or decrease losses, corporations have taken on the mantra of “more from less.” What exactly does this mean? It means downsizing the number of employees and having the remaining do their work by increasing their workloads. This mantra is used as a battle cry and justification for “trimming waste and fat,” and “downsizing” -- people. Yes, there is “fat” that could be trimmed, which includes unnecessary programs, duplication, and expenditures. All of these are symptoms of poor planning, lack of oversight, and poor leadership but are blamed on the workforce.
Asians have overtaken Hispanics as the largest group of new immigrants arriving each year in the United States, according to “The Rise of Asian Americans,” a comprehensive new Pew Research Center survey and report. Two-thirds of recent adult Asian immigrants are either college students or college graduates – and they have helped make Asian Americans the fastest-growing, highest-income and best-educated racial group in the United States. The survey finds that Asian Americans are more satisfied than the general public with their own lives and the nation’s direction, and they place a higher value on marriage, parenthood, hard work and career success.
On June 11, President Barack Obama nominated Srikanth Srinivasan to serve on the United States Court of Appeals for the District of Columbia Circuit. Srinivasan is the first Indian American nomination for such a high level appellate court – the D.C. circuit court is widely considered the most prestigious court, second only the U.S. Supreme Court. Obama also nominated Caitlin Halligan, general counsel for the New York County District Attorney’s Office.
President Barack Obama spoke at The White House on June 15 about the new immigration policy that will offer relief to undocumented students in the form of deferred action against deportation. The deferred action is temporary relief and does not lead to citizenship. According to the National Coalition of South Asian Organizations, this could impact at many as 1 million undocumented South Asian students in the United States.
Suffolk University law student Pavan R. Nagavelli has been named the winner of The South Asian Bar Association of Greater Boston 2012 Legal Intern Fellowship. The $3,000 fellowship enables law students to work in otherwise unpaid summer internships with community and public interest organizations. Nagavelli will be interning with SISHA/USA Anti-Trafficking and Exploitation Organization and stationed in Cambodia this summer.
The audience that sat through Ron Breaker’s life sciences keynote speech at TiECON East 2012 was probably a bit overwhelmed with the complexity of his explanation and slides on DNA and RNA. However, one thing was pretty clear – at the end of the day the deep science is all targeted toward the creation of companies to develop products based on the discoveries.
George Arnold gave the clean tech keynote at TiECON East 2012 and he had the unenviable task of being the final speaker before cocktails and dinner on the last day of the event on June 1. However, he got his audiences’ attention pretty quickly when he started off by saying what he was about to talk about was a $2 trillion market opportunity over the next 20 years. With a room full of entrepreneurs you can bet that thoughts of food and drinks were pushed aside with that much cash at stake.
While TiECON East 2012 was filled with impressive speakers and panel, when VMware co-founder Diane Greene kicked of the day on Friday June 1 as the opening keynote the audience seemed pretty keen to hear from someone who took on the giant Microsoft and came out unscathed.
The theme of the 14th annual conference held by the Boston chapter of The Indus Entrepreneurs on May 31 and June 1 at The Westin Hotel in Waltham, Mass., was “Invent Your Future.” However, during the two-day event, which attracted hundreds and was another large success as it is every year, a qualifier to the theme seemed to emerge — and that was to “Invent Your Future,” but do it in Massachusetts.
Tufts University President Anthony P. Monaco awarded Chairman, President and Chief Executive Officer of Ethan Allen, Farooq Kathwari, an honorary Doctor of Public Service degree during Tufts University’s commencement ceremony, held late last month. Kathwari was recognized for combining corporate leadership with a dedication to public service and humanitarian efforts.
University of Houston System Chancellor and University of Houston President Renu Khator has won the Light of India Award that honors excellence and the exemplary achievement of Indians living abroad. She was the only honoree to receive awards in both categories for which she was nominated – the Jury Award and the Popular Choice Award – among the 19 recipients honored.