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Latest US-India business and political news.

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Source: Wall Street Journal

BANGALORE, India—In the past few days, Inc. and local rival Flipkart Internet Pvt. have both made billion-dollar bets that online shopping is poised to take off in India, the world's second-most-populous country. Amazon said that it would invest $2 billion to expand its India operations, a day after Flipkart, India's biggest homegrown e-commerce company, said it had raised $1 billion from backers to help it grow.

"We see huge potential in the Indian economy and for the growth of e-commerce in India," Amazon CEO Jeff Bezos said Wednesday. The company didn't give a time-frame for the investment. Read more at Amazon Ups the Ante in India With $2 Billion Investment...

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DATE 7/31/14 (Dallas, TX) – After a nationwide search, the US India Chamber of Commerce Dallas/Fort-Worth (formerly The Greater Dallas Indo-American Chamber of Commerce) has named Miss Neel Gonuguntla as its new President. 

Miss. Gonuguntla has held many leadership positions during her career.  Most recently, she served as President of Ready-to-Work® - an organization which provides workforce development and educational services to educational institutions, non-profits and corporations.  Her experience handling administrative, regulatory, legal and planning initiatives will serve the Chamber well.

“I am honored to be joining the US India Chamber of Commerce Dallas/Fort-Worth, and I look forward to meeting and developing relationships with the regions business leaders and government officials,” Miss. Gonuguntla said. “The USICOC is a strong Dallas institution with a solid foundation and I hope to build on that foundation.”

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Source: Business Insider

Earlier this year, Satya Nadella replaced Steve Ballmer as Microsoft's CEO, underlining the rise of Indians and Indian-Americans in the U.S. tech world. 

Today, around 15% of startups in Silicon Valley are founded by Indians, according to the research of Professor Vivek Wadhwa, himself a seasoned entrepreneur. "It's just one more symbolic thing that validates that our world is becoming much more global and is crossing boundaries," Padmasree Warrior, chief technology officer of Cisco Systems, told the LA Times. "It suggests that it's execution and results that matter in the end, regardless of where you come from." Read more...

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