'It was a harrowing experience to witness the level people stoop to in an election campaign. The Indian election process needs a total revamp if it wants honourable people to enter politics.'
'We are calling for democratic accountability even as we talk about Digital India.' 'We are not against Digital India and it is important for India, but the government should not see what is applicable just to entrepreneurs but also to the vast majority of Indians who do not have the kind of advantages that many Silicon Valley entrepreneurs have.'
India's Silicon Valley, Bengaluru, which has a high population of expatriates driven by the information technology sector, is getting more reasonable on cost of living
Prime Minister Narendra Modi will address the India-US Startup Konnect and share his vision on 'Start up India, Stand up India' as part of his US visit later this month.
The race for space has got real, and it is attracting funding like never before. In 2022 so far, funding to private players in the space sector has jumped a whopping 61.5 per cent - soaring to $108.52 million compared to $67.2 million in 2021. Propelling it is the government's decision to open up the space sector to private players and the work done by companies like Skyroot Aerospace, the Hyderabad-based start-up behind the launch of India's first privately developed rocket on November 18.
The US is planning to resume the process of domestic visa revalidation in certain categories, like H-1B and L1 visas, on a pilot basis later this year, a move that will benefit tens of thousands of foreign tech workers, particularly from India. Until 2004, certain categories of non-immigrant visas, particularly the H-1B, could be renewed or stamped inside the US. After that, for the renewal of these visas, in particular, those on H-1B, the foreign tech workers have to go out of the country, mostly to their own country to get the H-1B extension stamped on their passport.
Apple Inc said it had hired over 11,000 women globally in the past year - 65 per cent more than the previous year - to boost employee diversity.
A record five Indian-American lawmakers from the ruling Democrat Party, including Raja Krishnamoorthi, Ro Khanna, Pramila Jayapal and Ami Bera have been elected to the US House of Representatives, while several others were elected in state legislatures, in one of the most polarised midterm elections in the country.
'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
Tata Trusts is one of India's oldest, non-sectarian philanthropic organisations involved in areas of community development.
Silicon Valley techies and investors who were at Prime Minister Narendra Modi's Digital India dinner analyse the parlay for Ritu Jha.
An 18,500 strong desi American crowd awaits Prime Minister Narendra Modi's address at the San Jose stadium in California.
An 18,500 strong desi American crowd awaits Prime Minister Narendra Modi's address at the San Jose stadium in California.
The event is being organised jointly by the Indian Institute of Science Alumni Association of North America, Pan-IIT, India Community Center and TiE Silicon Valley.
'It will send a very strong signal that it is now our time to grow.'
'Some of these companies are India focused, some are overseas focused and some companies are focused on both.' Ritu Jha/Rediff.com reports from California.
Those on H-1B visas have to find a new job within 60 days or head back to India.
It is very important to visualize change. It's important to be unreasonable. To be reasonable is to accept the status quo. You must be unreasonable, you must have an agenda and vision, something that most people will not see or push, says the former Wipro vice chairman.
Finance Minister Nirmala Sitharaman on Monday held a meeting with representatives of the semiconductor industry of the US and invited them to make further investments in India. The finance minister spoke about opportunities for companies situated in Silicon Valley and about the government of India's commitment to be a reliable player in the entire semiconductor value chain with dedicated incentive for the sector in mission mode through the Indian Semiconductor Mission. Last year, the government approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in a bid to position India as a global hub for hi-tech production, and attract large chip makers.
No region of the United States has been more affected by this trend than Silicon Valley.
Two Indian Americans -- Congressman Ro Khanna and Vijaya Gadde -- prominently figure in United States President Joe Biden's son Hunter Biden's laptop story whose full disclosure Twitter CEO Elon Musk has announced would be released on the microblogging site.
'Modi is the only chance we have in creating an Indian dream like we have the American Dream out here,' one ohe judges for the 'Code for India' hackathon in California tells Ritu Jha/Rediff.com
Backed by top IT companies of the Silicon Valley, Indian-American Rohit "Ro" Khanna hopes to get second-time lucky in his effort to enter the US House of Representatives against Democratic Party's sitting lawmaker.
As a venture partner, DVP said that Neemuchwala would be bringing deep technology expertise and invaluable experience of building businesses.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
Students enrolled to Silicon Valley University, California, are in a state of panic after some of them were barred by Air India to board its flight.
'I wouldn't want Hrithik Roshan, his muscles are too big. Aamir Khan would make the part too serious. And \n\ncertainly not Aishwarya Rai.' Novelist Hari Kunzru on Bollywood and his latest book.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Silicon-Valley based serial techpreneur and Hotmail co-founder Sabeer Bhatia has launched a purpose-driven social video messaging platform, ShowReel, that aims to enable employment and upskilling opportunities for job seekers globally.
He said it is natural for India to hold its 1st overseas start up event in the Silicon Valley.
Let's take a look at some of the biggest technology hubs in the world.
Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".
