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Latest US-India business and political news.

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Source: LiveMint and Wall Street Journal

New Delhi: Manjul Bhargava, Professor of Mathematics at Princeton University, has been awarded the prestigious 2014 Fields Medal at the International Mathematical Union’s (IMU) International Congress of Mathematicians held in Seoul. Bhargava, 40, is the first person of Indian origin to receive the prestigious medal, which has been awarded since 1936 and recognizes outstanding mathematical achievement for existing work and the “promise of future achievement”. Read more...

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Posted on in Business

Source: OIFC, January 2014

Investing in India, when living abroad, has always been the safe route to ensure good financial gains and securing future-return plans to the country. The Indian government too has played a responsible role in addressing the financial investment needs of its cash-rich, non-resident diaspora. Adopting a multi-level approach, the government has tried to ensure holistic investment opportunities for the wide-spectrum of foreign investor profiles – ‘gilt’ financial instruments, tax-saving instruments, business investment opportunities in multiple sectors, FDIs and more. 

The sectors that the government is looking for higher investments are currently in the Education, Energy and Environment, Healthcare, ICT (Information & Communication technology) and Infrastructure. Read more...

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Source: Wall Street Journal

BANGALORE, India—In the past few days, Amazon.com 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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