Wadhwani joined the billion-dollar club in 1999, when he sold a venture for $9.3 bn to i2 Technologies.
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
The net worth of the richest Americans grew by 13% in the past year to $ 1.7 trillion.
Stalwarts come together to harness the power of the Indian-American community. Aziz Haniffa reports.
'The story is for the first time, Silicon Valley is mobilising locally to have a voice in American politics. The national Asian American-South Asian Diaspora with the Swadesh Chatterjees and Deepak Chopras and Vinod Khoslas, and Romesh Wadhwanis, and Arshad Zakarias and Mahinder Taks are mobilising in a way that has never happened before.' Ro Khanna, who hopes to represents Silicon Valley in the United States Congress, speaks to Rediff.com's Aziz Haniffa.
The India Chair at the Center for Strategic and International Studies -- a leading Washington, DC think tank -- will be occupied by Karl F Inderfurth, erstwhile Assistant Secretary of State for South Asian Affairs in the Clinton Administration.
US President Barack Obama has announced to appoint eminent Indian American, Romesh Wadhwani, to a key administration post by making him board of trustees of the prestigious John F Kennedy Center for the Performing Arts.
A serial entrepreneur, according to the Wikipedia definition, is one who continuously comes up with new ideas and invests in new businesses. While there is no data on serial entrepreneurs in India, industry experts say the trend is on the rise.
Romesh Wadhwani, founder of the Symphony Technology Group and the Wadhwani Foundation, which promotes the National Entrepreneurship Network, says our best scientists and researchers do not do their research in India because of the many obstacles they face; from the lack of focus on research to lack of equipment and supplies.
"Funds received from alumni and companies are usually meant for specific projects. These funds pour in between October and December every year. Current projects will not be affected despite the economic slowdown, but new projects might take a hit," said T K Ghosal, deputy registrar (finance), the Indian Institute of Technology-Kharagpur.
IIT Bombay's alumni raised a whopping $7 million for their alma mater at a function to celebrate 50 years of the premier institution to set up a bioscience centre.
US-based technology services provider Symphony Services on Thursday said it would ramp up its Indian operations to 2,500 in 12 months and invest over $100 million in the next three years.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of $81 billion.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
As many as 11 people, including members from the influential Nilekani, Bajaj and Godrej families, were honoured for their outstanding contribution towards the good of the society at Forbes India Philanthropy Awards.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
He is meeting stalwarts such as Google's Eric E Schmidt, Carlyle's David M Rubenstein, Cargill's David W MacLennan, MasterCard's Ajay Banga, and Pepsico's Indra Nooyi.
Former White House Chief Technology Officer Aneesh Chopra, who was the first to occupy this position created by President Obama says that Satya Nadella's selection as the new CEO of Microsoft, validates the new playing field in which Microsoft will be judged.
'In the time I have been an Indiawallah, I have seen three US Presidential visits to India, nuclear sanctions, nuclear cooperation, a border conflict with Pakistan, the growth of IT services, a government losing a confidence vote, and so much more,' Rick Rossow, the new Wadhwani Chair in US-India Policy Studies tells Rediff.com's Aziz Haniffa.
'This speech is going to be more of a punishment. I spoke too much this afternoon' A tireless Prime Minister Narendra Modi left over 700 notable luminaries in peals of laughter with his quick wit and sense of humour during a dinner and reception hosted by Indian Ambassador Subrahmanyam Jaishankar at the Taj-owned, The Pierre Hotel. In the presence of the who's who of desi Americans and US lawmakers, Modi once again thanked the Indian-Americans for their contributions and discussed his plans of developing India and the ties he hopes to nurture with America. Aziz Haniffa/Rediff.com presents a sneak-peak into the festive, grand dinner.
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