Download the PDF version here - Indo-American Chamber Of ...

More documents

Recommendations

Info

But last month, the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) ruled in favor of Qualcomm's India unit, and the company is expected to receive spectrum in 10 days, paving the way for discussions to be revived and the transaction to possibly go ahead, the report says. A Bharti Airtel spokesman said the company did not comment on market speculation, while emails to the US Company were unanswered. "The sale is Qualcomm's decision, we are not involved at this point," said H S Bedi, chairman and managing director of Tulip Telecom, one of Qualcomm's two partners in India. Qualcomm divested 13 per cent each to Tulip Telecom and GTL Infrastructure shortly after winning the 4G licenses to ensure it adhered to Indian norms that cap foreign holding in a telecom company at 74 per cent. On Tuesday, Bharti launched India's first 4G services in Kolkata. The company plans to follow suit in Bangalore within a month. But the country's largest telecom company had won permits for only four circles in the broadband wireless auctions and is in danger of being outgunned in this segment by Reliance Industries, which bagged airwaves for the entire country. Click here for index Indian companies invest Rs. 820 million in US manufacturing A survey reveals that Indian companies operating in 40 US states have invested over $820 million in manufacturing facilities in America, creating thousands of jobs. The economic and social impact of the investments made by Indian companies is detailed in the survey titled Indian Roots, American Soil: Adding Value to US Economy and Society, released by the Confederation of Indian Industry (CII) The reception to the event marking the release of The 2012 India Business Forum (IBF) survey was attended among others by the four co-chairs of the India Caucus on the Senate and House side: Senator John Cornyn, Senator Mark Warner, Congressman Joseph Crowley and Congressman Ed Royce. "The rapidly expanding India-US trade and economic engagement provides a key underpinning to the strategic partnership between our two countries," said Nirupama Rao, India's ambassador to the US. "Our aim, through the India Business Forum, is to highlight the range and depth of Indian investments in the United States and also to try and dispel some of the misconceptions associated with Indian companies," said Sandhya Satwadi, regional director, CII. Among the key findings was that 70 per cent of companies surveyed had increased the number of employees since 2005, despite the US economic downturn. Also over than 34 per cent of the surveyed companies had established manufacturing facilities in the US, investing more than $820 million in those facilities. The surveyed companies collectively accounted for 72 mergers and acquisitions in the US, since 2007, saving, creating and sustaining thousands of jobs. The collective revenues for 2010-11 were in excess of $23 billion of the surveyed companies. Projected research and development investments of the surveyed companies had been estimated at over $190 million in 2012 alone. Around 65 per cent of companies surveyed were engaged in Corporate Social Responsibility (CSR) initiatives, These include programmes supporting 27 universities, community colleges and high schools in developing curriculum, establishing training programmes and encouraging Science-Technology- Engineering-Mathematics (STEM) education. The US lawmakers lauded the role of Indian companies in the US and particularly companies like Tata and Wipro in employment generation.
Speaking on the occasion, Senator John Cornyn, co-founder and co-chair of the Senate India Caucus said, "I welcome the fact that Indian companies are investing substantial capital in the US, which has already yielded tangible results in Texas and across the US." The relationship between the US and India would be a critical one for the future of both of our economies, according to senator Jeanne Shaheen, the latest senator to join the 40-member Senate India Caucus. Click here for index Mahindra Satyam Acquires Kirkland, Washington headquartered vCustomer's International Operations for $27 Million Mahindra Satyam, a leading global consulting and IT services provider, has announced the 100 per cent acquisition of BPO firm vCustomer’s International operations for $27 million. This is the first 100 per cent acquisition by Mahindra Satyam since it became part of Mahindra Group and marks the entry of Mahindra Satyam’s BPO operations into other verticals such as retail and consumer technology in addition to significantly enhancing technical support credentials, a statement said on Wednesday. "The combination of vCustomer’s expertise in the retail and consumer technology verticals with Mahindra Satyam’s domain expertise and customer base will further strengthen the ability to address evolving market needs," the statement added. C. P. Gurnani, CEO, Mahindra Satyam, commented: “This is a landmark moment in Mahindra Satyam's resurgence and reflects our investment appetite to enhance domain depth and global scale, across diverse verticals. The focus and operations of vCustomer maps perfectly with our global operating model - allowing for seamless integration and smooth transition of processes and associates.” Commenting on the business outlook, Sanjay Kumar, Founder and CEO, vCustomer said: “vCustomer has harnessed formidable expertise and a diversified geographical presence across the retail and consumer technology sectors. Mahindra Satyam's synergy and commitment to investment in business growth will spur growth plans and help build new service offerings.” Earlier, media reports suggested that Mahindra Satyam was close to buying 20-30% in Comviva Technologies, the mobile software development unit of Bharti Enterprises. A Bharti team in charge of selling its non-core business was in talks with Mahindra Satyam and the deal could fetch Rs 400-500 crore. vCustomer Corporation, which offers customer care and technical support solutions, and is present in the retail, consumer technology, and communications sectors. It employs globally and is headquartered in Kirkland, Washington. Click here for index EdServ ties up with Amazon.com EdServ Softsystems Limited, an education support services company, has tied-up with online retail major Amazon.com to offer its 2tionPlus educational applications through the latter’s app store. S. Giridharan, chairman and chief executive officer of EdServ, said, “Through this tie-up with Amazon.com, we will provide the entire online education content, including tuition, academics, skill development and test prep services, on the Amazon app store.” 2tionPlus is a social networking collaborative learning application to provide support of around 30,000 tutors to the students. It has over one million embedded videos arranged based on subjects and also supports students in creating study groups and undertaking collaborative learning.
Page 1 and 2:
IACC Newsletter Issue 4 April & May
Page 3 and 4:
Dunkin' Donuts to introduce savory
Page 5 and 6:
U.S. tech groups alarmed by India p
Page 7 and 8:
President’s Message The increased
Page 9 and 10:
Happenings at IACC West India Counc
Page 11 and 12:
IACC - WIC organized its first brea
Page 13 and 14:
financing companies to play a more
Page 15 and 16: Dr. L. S. Kanodia shaking hands wit
Page 17 and 18: North India Council Networking lunc
Page 19 and 20: Luncheon meeting with the US Commer
Page 21 and 22: Mr. Randeep Singh Surjewala, Hon’
Page 23 and 24: Andhra Pradesh Branch IACC-AP Branc
Page 25 and 26: Tamil Nadu Branch Seminar on “Ind
Page 27 and 28: IACC WBC Panel Discussion on “Re-
Page 29 and 30: Special Reports Special Reports Ind
Page 31 and 32: Chaudhry, who started his career wi
Page 33 and 34: Do you think private firms could pl
Page 35 and 36: Emerson plans to focus on three gro
Page 37 and 38: L&T’s disclosure on the nuclear e
Page 39 and 40: In solar energy, the consortium's r
Page 41 and 42: its premium hatchback Focus in the
Page 43 and 44: "We remain excited about the Mumbai
Page 45 and 46: membership as an employment conditi
Page 47 and 48: Approved by the Drug Controller Gen
Page 49 and 50: “This facility, our fourth manufa
Page 51 and 52: solution leverages IBM’s Intellig
Page 53 and 54: Air India board OKs $195 million br
Page 55 and 56: could hold the key in developing ro
Page 57 and 58: Hero Cycles supplies 10 models of H
Page 59 and 60: Milind Barve, managing director of
Page 61 and 62: would want this to be significantly
Page 63 and 64: conferencing and telepresence servi
Page 65: In 2010, Sahara failed to acquire t
Page 69 and 70: Sharan Lillaney, an analyst with An
Page 71 and 72: US investments in India P&G to buil
Page 73 and 74: There is potentially a big market f
Page 75 and 76: of growth and progress," said Sanje
Page 77 and 78: IFC, which is an existing investor
Page 79 and 80: Retirement System is another invest
Page 81 and 82: Raju was in the limelight in 1999 w
Page 83 and 84: Their discussion also included the
Page 85 and 86: India is seen as an economic compet
Page 87 and 88: US seeks answers on home sourcing o
Page 89 and 90: There is a need to innovate newer m
Page 91 and 92: domestic electronic products in a m
Page 93 and 94: It also sought permanent exemption
Page 95 and 96: the Virginia Commonwealth Universit
Page 97 and 98: The companies denied the allegation
Page 99 and 100: Military ties with India growing: U
Page 101 and 102: India has also moved the WTO agains
Page 103 and 104: Noting that as a result of increase
Page 105 and 106: “Our policies are transparent …
Page 107 and 108: He noted that "a tremendous transfo
Page 109 and 110: it is a win-win situation for both
Page 111 and 112: Indo-US Trade Statistics 2011: U.S.
Page 114 and 115: International Trade shows US Depart
Page 116 and 117:
MINExpo International 2012 9/24/201
Page 118 and 119:
Garfab-TX Surat 01 June 2012- 03 Ju
Page 120 and 121:
Gem Fair 22 June 2012- 24 June 2012
Page 122 and 123:
India Auto Expo 12 July 2012- 15 Ju
Page 124 and 125:
Garfab Ahmedabad 04 August 2012- 06
Page 126 and 127:
CONNEX India 12 September 2012- 15
Page 128 and 129:
Major Trade shows in U.S.A Event Na
Page 130 and 131:
Neocon World Trade Fair 11-JUN-12 t
Page 132 and 133:
HBA Global Expo 19-JUN-12 to 21-JUN
Page 134 and 135:
Swimshow 21-JUL-12 to 24-JUL-12 Pro
show all

Download the PDF version here - Indo-American Chamber Of ...

Create successful ePaper yourself

Delete template?

Save as template?