Former Goldman Sachs banker and U.S. Assistant Secretary of the Treasury for International Economics and Development Neel Kashkari, 35, will oversee the $700 billion tax-payer bailout of financial institutions triggered by greedy Wall Street swines. On October 6, 2008, the U.S. Treasury Department named Neel Kashkari Interim Assistant Secretary of the Treasury for Financial Stability. In […]
Just days after Citigroup CEO Vikram Pandit was gloating about picking up the banking business of Wachovia Corporation with the blessings and support of the U.S. government, Wells Fargo seems to have snatched the prize away. The Wachovia board has approved Wells Fargo’s offer of $15.1 billion ($7 per Wachovia share), which does not require […]
Two new Indian consulates are coming up in Atlanta and Seattle to address the growing Indian community in these cities. India’s Foreign Secretary Shivshankar Menon made the announcement about the two new consulates during Prime Minister Manmohan Singh’s current visit to the U.S. Indian Embassy in Washington DC Besides the Indian embassy in Washington DC, India’s […]
IIT alumnus and Rohm and Haas Company CEO Raj Gupta has been named to computer company HP’s board of directors. Gupta, who will join the HP board in January 2009, has been with specialty materials manufacturer Rohm and Haas since 1971. Gupta holds a B.S. degree in Mechanical Engineering from the Indian Institute of Technology (1967), a […]
PepsiCo CEO Indra Nooyi said the cola company would invest $500 million in India over the next three years to triple its business in the country. In our opinion, many of the products PepsiCo sells like soda (carbonated cola drinks)Â and snacks are just not healthy for the people consuming them. Further, cola companies have also […]
Software radio infrastructure products vendor Vanu has raised $32 million in a new round for expanding its Indian operations. Norwest Venture Partners led the latest round of funding, which included participation from previous investor Tata Capital and Charles River Ventures. Vanu plans to use the money to support business development, marketing