Search Result for : Indian Companies

PTI Encouraged by Infosys' decision to set up a tech centre in his state and generate 2,000 jobs, Indiana Governor Eric Holcomb will lead a high- powered trade delegation to India later this year with the sole objective of attracting more Indian business, particularly IT companies. "I'm looking forward to travelling to India, probably in the fall, before the winter," Holcomb told PTI in an exclusive interview in his office at the State Capitol. Holcomb, who succeeded Vice President Mike Pence as Indiana governor, said he wanted to travel to India soon after his inauguration early this year but pressing engagements and now the summer prevented him from doing so. Holcomb, who would be the first Indiana governor ...

PTI A bipartisan group of four US lawmakers, including Indian-American Ro Khanna, today introduced a legislation in the Congress to reform the current H-1B and L1 work visas and end its abuse by foreign companies. The H-1B and L-1 Visa Reform Act of 2017 introduced by Congressmen Bill Pascrell, Dave Brat, Khanna and Paul Gosar is in addition to the nearly half a dozen similar legislations pending in the US Congress either the House of Representatives or the Senate all of whom seek to close loopholes in the H-1B and L visa programmes to reduce fraud and abuse, provide protections for American workers and visa holders. Interestingly the latest move from four Congressmen come a day after a NASSCOM delegation concluded ...

The Dollar Business Bureau The bilateral trade between India and the United Arab Emirates (UAE) is likely to touch the $100 billion mark by 2020, from the present $60 billion, a press release of Confederation of Indian Industry (CII) said.  “This is evident from the rising interest of the Indian firms towards the markets of Middle East, especially the UAE and the steps taken by the Ministry of Commerce & Industry of India and CII to further boost trade and investment relations,” CII said in a statement.  Presently, the trade between the two nations is estimated at $60 billion, the statement read which was released on the sidelines of Middle East Electricity Exhibition in Dubai where around 50 major Indian companies are taking part.  The ...

The Dollar Business Bureau US-based Republican Hindu Coalition (RHC) believes that H-1B visas will increase as the US economy will witness a high growth rate of 4-5%, which will increase the need for additional IT professionals in the country. Also it will not affect the visa holders from India. “RHC is not aware of nor expects any Executive Order on H-1B visa holders except to the extent that there might be an order to tighten up procedures to minimise abuse and fraud. RHC also believes that the need for additional IT professionals and hence H-1B visas will increase as the US economy gets into high gear for a robust growth of 4-5%,” said Shalabh Kumar, Chairman, RHC, while addressing a press conference. “Whereas American jobs ...

The Dollar Business Bureau The top 200 companies of India are set to outperform their counterparts in China despite infrastructure bottlenecks in the country, revealed a report by Standard & Poor’s (S&P) Global Ratings on Tuesday. “Our analysis of India's top 200 companies by market capitalisation against their Chinese counterparts shows that government influence is far greater for listed companies in China than in India,” said Mehul Sukkawala, Credit Analyst at S&P Global Ratings.‘This directly impacts the firms’ flexibility to cut capital spending, which normally results in weak profitability, and eventually displayed in more leverage,” he said. In India and China, there is a significant difference in the size of their private sectors. Private firms account for around 75 percent of the net debt ...

The Dollar Business Bureau Indian realty companies having exposure to the property market in the London are going to be affected in the near future due to UK’s decision to exit the European Union, Fitch Ratings said. “The demand for commercial and luxury residential properties in London, the sectors in which some Indian real estate firms have invested, may stay sluggish for over the next 6 to 12 months as buyers delay their purchases and banks cut loans due to increased economic uncertainty,” the global rating agency said in a report. Lodha Developers and Indiabulls Real Estate (IBREL) have considerable exposure to the commercial and luxury residential property segments in London, where they had done significant investments in 2013 and 2014.  Of these two companies, IBREL has ...

The Dollar Business Bureau Officials of the Department of Commerce in South Carolina said India is widely considered as an upcoming market for Foreign Direct Investments (FDI), and have been getting many queries from India-based companies. The South Carolina Department of Commerce said it is doing everything to attract Indian companies in South Carolina. The Carolina government knows that India is becoming a great place to look for investments and the reason why the state government has been doing at least one trade mission to India every year. The US Commerce Department is confident that the Indian economy is likely to move beyond its borders and the state of Carolina is looking to strengthening it further. India has almost six ...

The Dollar Business Bureau Six companies from India will take part in the 2016 edition of largest industrial subcontracting and business networking event in ASEAN region, being held in Bangkok from May 11-14. Out of those, there are two start-ups from the services sector, including Zilingo and Wings Travel Management. From the services sector, these will be the first companies from India to take part in the Subcon Thailand 2016. Zilingo will be eyeing opportunities in the e-commerce sector whereas Wings Travel Management will look for funding opportunities in the tourism sector. Apart from these, the Indian companies taking part in the event are Grauer and Veil India (chemicals), Lloyds Steel Industries (steel and heavy engineering fabrication), V-Guard Industries (electrical appliances) and Zenith Enterprises ...