UST Global, a multinational provider of IT services and solutions, headquartered in Aliso Viejo, California, is planning to set up a venture capital fund in India to invest in Indian products and solution companies starting this year. UST Global CEO Sajan Pillai told BusinessLine in an interview that the fund...
Arun Kumar confirmed by the Senate to lead Commercial Service
The U.S. Senate has confirmed yet another Indian American nominee of President Barack Obama to lead the trade promotion arm of the U.S. Commerce Department charged with helping U.S. companies succeed in markets around the world. Kerala University physics graduate Arun M. Kumarwas confirmed to be assistant secretary of commerce...
Cisco Grows at 20 percent in India on $1 billion base
Cisco, the Silicon Valley based networking giant get 2 per cent of its global revenues of over $48 billion from India, expected the number to grow to 5 per cent over the next five years on the back of growing demand for cloud and networking services. “Right now, India’s contribution...
China, India leading in tourist spending in U.S.
According to Los Angeles Times, visitors from China are now the biggest-spending travelers to the U.S. In all of the U.S. the average spent as a whole by Chinese visitors is $7,105, by Indian visitors is $6,659, by Brazilian visitors is $5,604, and by Japanese visitors is $4,541. In California...
California Company Provides Solar Electricity to Remote Villages in India
Meerwada, a village in Central India’s Madhya Pradesh province, recently received solar power services through a California-based company named SunEdison. This company tackled Meerwada as the first of many villages to receive electricity in their Eradication of Darkness Program. They connect 50 houses, run a small solar plant and let...