If the US is facing economic headwinds, these certainly aren&rsquo;t blowing towards the high-tech sector. On Tuesday, the US Citizenship and Immigration Services, or USCIS, announced the cap on H1-B visas for 2012-13 had been touched, the earliest the annual quota of 85,000 was exhausted in the last few years.

Annual quota for H1-B visas exhausted

Business Standard

The United States Congress has joined the battle against India&rsquo;s new Preferential Market Access rules for procurement of electronic goods announced earlier this year. On Tuesday, members of Congress from both the Democratic and Republican parties wrote to India&rsquo;s ambassador, Nirupama Rao, asking the Indian government to reconsider its PMA policy and its impact on the information and communications technology (ICT) sector.

US lawmakers against India's market access policy

The crisis in Europe will be at the front and centre of the upcoming G-20 summit in Los Cabos, Mexico. But the major North American partners of the group &mdash; the United States and Canada &mdash; have also expressed concern about slowing economic growth in emerging economies such as India and China.

Obama likely to meet Singh on G-20 summit sidelines

The US-India Business Council (USIBC) is going West, to the state considered America&rsquo;s tech capital, and which leads all other US states in exports to India. This week, USIBC will hold its first ever West Coast Summit, in Menlo Park, in California&rsquo;s Silicon Valley. This will be in addition to its annual summit held every year in Washington, DC in June.

USIBC to hold West Coast Summit in Silicon Valley

Good business is all about making your company and its products likeable.

Likely theory

The Toronto International Film Festival will showcase its largest Indian presence in 37 years.

Bollywood's biggest fan

At a time when the market is abuzz with speculation over DLF&rsquo;s Mumbai land sale, Toronto-based research firm, Veritas Investment Research, has come out with a contrarian view, claiming the developer may not sell it before 2014, looking at &quot;personal gains&quot;.

DLF may put off NTC Mills land sale till FY14, says Veritas

Remember glocalisation? The &lsquo;Go Global, Think Local&rsquo; mantra that multinational corporations have used in emerging markets, adapting their ideas and products aimed at consumers in developed countries to those in poor countries, with a tweak here, a downgrade there? Well, forget it, fast, says Vijay Govindarajan, Earl C Daum 1924 Professor of International Business at the Ivy League Dartmouth University's Tuck School of Business.

Turning the tables

The mining industry will have to wait till at least the monsoon session of Parliament for passage of the new Mines and Mineral Development and Regulation (MMDR) Bill. The legislation is being examined by a parliamentary standing committee.

Mines Bill may be in slow lane to House

Suspension of the decision to allow FDI in multi-brand retail, elimination of US companies from Indian Air Force&rsquo;s combat aircraft deal, US industry&rsquo;s disappointment with India&rsquo;s nuclear liability norms, higher rejection rates for US work visas &mdash; 2011 has been marked by a string of setbacks for India-US economic relations.

Q&A: Ron Somers, President, US-India Business Council

The co-chair of the India Caucus in the US Senate says he and other members of a congressional delegation that visited India earlier this month will press the State Department to look into complaints that the recent rate of denials of H1-B visas had been higher for applicants from India compared to other countries.

Indira Kannan