Page 4 - Indian American

None in opposition can match PM Modi's dynamism, says Indian American

Observing that Prime Minister Narendra Modi is the only leader talking about the future of India in his election speeches, a prominent Indian American philanthropist said none in the opposition camp can match his dynamism. In an interview with PTI, Suresh V Shenoy said with India's economy making great strides, the country is all about opportunities. What I find in Indian elections is that Modi is the only guy who's talking about the future. He's talking about how to implement technology, said Shenoy, an IITian and a successful businessman. I'm not necessarily a Hindutva guy per se. I think that's a narrative that sort of makes political talk. But look at what India has accomplished from an economic standpoint in the last 10 years. It's incredible. They're now the fourth largest economy in the world, he said in response to a question. Yet there are 800 million underserved people in India who too have aspirations, he said. So, India will continue to be a cauldron of opportunity for

Indian Americans' number in offices not proportional to population: Harris

The number of Indian Americans in elected offices is not reflective of their growing population, US Vice President Kamala Harris said on Wednesday, urging the members of the minority ethnic community to run for elected offices increasingly. Harris, who is of both Indian and African heritage, was speaking at Desis Decide -- the annual summit of Indian American Impact, a democratic party think tank, that supports and funds Indian Americans running for elected offices across the country. Over the years, we've had so much more participation by Indian Americans in the electoral process running for office. But the numbers are still not reflective of the size of the growing population, Harris, the first-ever Indian American, African American, and a woman to be elected as the vice president of the US told a packed room of Indian Americans in the national capital. Currently, there are five elected Indian American members of the Congress -- Dr Ami Bera, Raja Krishnamoorthi, Ro Khanna, Pramila

Most Indian Americans back PM Modi's third term, says Diaspora leader

Majority of Indian Americans favour a third term for Prime Minister Narendra Modi as his government's policies are transforming India, an influential community leader has said. Indians are part of the deep economic growth of the United States and they've been working hard to contribute to the economic growth, Indian-American Democratic fundraiser Ajay Jain Bhaturia said, underling that when they see similar economic growth happening back in India, they feel very proud of it. I think the majority of Indian Americans want Prime Minister Modi to come back. It's a sense of pride for them that when India shines, they shine, Bhaturia told PTI in an interview. They feel proud that India is rising, India is growing. India has been growing at almost a much faster rate of economic growth, six to seven per cent. When I'm reading the statistics, it says that it'll overtake Japan by the end of this year to become the fourth largest economy. And maybe by 2027, India would be the third largest ...

GenZ Indian-American running for Georgia State Senate raises over $280K

Ashwin Ramaswami, the first Gen Z Indian-American running for a US State legislature, has raised over USD 280,000, which is considered to be a substantial figure at the state level. Ramaswami, 24, has outraised his incumbent opponent Shawn Still by 22 times in the latest filing period from Feb 1 to April 30. While Ramaswami raised over USD 146,000, his opponent raised only USD 6,400. The two are running for the State Senate in the District 48 of Georgia. According to the latest public campaign finance report, Ramaswami has raised a total of over USD 280,000 and has USD 208,000 cash on hand, his campaign said. Our latest reports are further evidence that our community values honesty and integrity in our leadership above all, said Ramaswami, a second-generation Indian-American who has built a career in software engineering, election security, and technology law and policy research. We've built a grassroots campaign with unprecedented momentum to ensure we elect a leader who will ser

Eminent Indian Americans commit $100 million for development of Amritsar

A group of eminent Indian-Americans have come together to announce a commitment of USD100 million for startups towards the socio-economic development of Amritsar, the first of its kind initiative for any Indian city by the diaspora. In collaboration with the Federation of Indian Chamber of Commerce and Industries (FICCI) and the US-India Strategic Partnership Forum (USISPF), a group of eminent Indian-Americans and Indians living in the US had their first meeting in a Maryland suburb of Washington DC to announce the formation of Viksit Amritsar Initiative. The mega initiative, its founding members said, is inspired by former Indian envoy to the US, Taranjit Singh Sandhu, who after an illustrious diplomatic service, including the last four years in Washington DC, has returned to his home town with the mission of helping the city develop as one of the best in the world both in terms of economic and industrial growth but also as an attractive tourist destination from across the ...

Indian American indicted in a Ponzi scheme, victims asked to come forward

An Indian-American has been indicted by a grand jury in a Ponzi scheme with the FBI urging victims of the investment adviser in Texas to come forward. Siddharth Jawahar, 36, has been ordered imprisonment until sentencing by the court. The FBI on Wednesday said it is seeking potential Miami-area victims of Jawahar who has been accused of running a multimillion-dollar Ponzi scheme. According to the indictment, from July 2016 through roughly December 2023, Jawahar took in more than USD 35 million from Swiftarc investors but spent about USD 10 million on investments in companies. Jawahar used the money from new investors to repay older investors and to fuel an extravagant lifestyle that included flights on private planes, stays at luxury hotels and expensive outings at lavish restaurants, the indictment says. In 2015, Jawahar began investing the majority of client funds in a single investment, Philip Morris Pakistan (PMP), the indictment says, and eventually, 99 per cent of client fund

Former Jaguars manager who stole $22 mn from team gets 78 months in prison

A former Jacksonville Jaguars financial manager who pled guilty to stealing more than $22 million from the NFL franchise through its virtual credit card programme was sentenced to 78 months in federal prison Tuesday. Judge Henry Lee Adams Jr sentenced Amit Patel, 31, in US District Court in Jacksonville. Patel, wearing a charcoal suit and a burgundy tie, showed no emotion inside the packed courthouse as the punishment was handed down. Prosecutors said Patel has returned $1.89 million, leaving his restitution tab at $21,132,454.40 -- a figure the judge acknowledged he will never be able to pay back following a felony conviction. Patel pled guilty in December to one count of wire fraud and one count of making an illegal monetary transaction. The judge sentenced Patel to 78 months on each count, to run concurrently. It was the lowest number under sentencing guidelines. He also got three years of supervised release. Patel's lawyer argued for a lighter sentence Tuesday, asking for no mo

India now distinct regional priority for Intel: Exec VP Christoph Schell

The global semiconductor industry is projected to reach a trillion-dollar valuation by 2030

Indian-American Sonali Korde sworn in as assistant to USAID administrator

From 2005 to 2013, Korde served as a senior technical advisor for the President's Malaria Initiative in USAID's Bureau for Global Health

Hyderabad IT student assaulted by three men in US, wife approaches MEA

IT student Syed Mazahir Ali was chased by three unidentified people near his house in Chicago on Sunday. The incident is being investigated

19-year-old Indian-American student found dead in US, second case this week

On Shreyas Reddy's death, the Consulate General of India in New York has ruled out foul play according to the initial information available

Indian-American Preesha, 9, among world's brightest students: Johns Hopkins

Preesha, who goes to Warm Spring Elementary in California's Fremont, was among 16,000 students from 90 countries to take the US-based JH-CTY test in Summer 2023 as a Grade 3 student

Indian Americans to play crucial role in shaping nation's future: Bhutoria

Less than a year left before the US presidential elections, an eminent community leader and a major Democratic party fundraiser believes that Indian Americans would be playing an important role in shaping the nation's future. Ajay Bhutoria, National Finance Committee member of the Democratic National Committee, told PTI in an interview that in many of the battleground states, Indian Americans could tilt the margin of victory in the November 5, 2024 race for the White House. This election is one of the most crucial elections. Asian-Americans, especially South Asian Americans, Indian Americans have a historic role to play in this election, Bhutoria, who has been part of the Joe Biden campaign from the day one of his election run in the first term, said. In many battleground states, if we talk about Michigan, if we talk about Nevada, if we talk about Wisconsin, Pennsylvania, Georgia, if we look at the data, we look at the Asian Americans and especially South Asian Americans, Indian ...

Biden appoints Indian American Shakuntla Bhaya to key position: Who is she?

US President Joe Biden has appointed Indian American Shakuntla L Bhaya to serve in a key role, the White House said. Bhaya was appointed as a member of the Council of the Administrative Conference of the United States. It is among the several new appointments announced by Biden on Wednesday, the White House said. Bhaya is a co-owner of a statewide Delaware law firm, Law Offices of Doroshow, Pasquale, Krawitz & Bhaya. Her practice focuses on representing individuals who are seriously injured as a result of businesses and people making unsafe decisions, the White House said. For the last seven years, Bhaya has been a member of Governor Carney's Judicial Nominating Commission. In addition to practising law, Bhaya is very involved in Delaware politics. She is currently a member of the Delaware Democratic Party's State Executive Committee. Bhaya, past President of the Delaware Trial Lawyers Association, continues to be involved in protecting consumers' 7th Amendment Right to a jury ...

US SEC to impose measures to halt $130 mn fraud targeting Indian Americans

The Securities and Exchange Commission on Monday announced that it has obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly USD 130 million since April 2021. Nanban Ventures LLC, its three founders Gopala Krishnan, Manivannan Shanmugam, and Sakthivel Palani Gounder, collectively known as the Founders, and three other entities that these Founders control are allegedly involved in committing the fraud, the SEC said in a press statement. Unsealed in the US District Court for the Eastern District of Texas, the SEC complaint alleged that the defendants raised more than USD 89 million from more than 350 investors for investments in purported venture capital funds that the Founders managed through Nanban Ventures LLC. They also raised over USD 39 million from 10 investors which was later invested directly in the three other entities controlled by the Founders. The complaint .

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US presidential candidate Ramaswamy calls for 'strategic clarity' on Taiwan

The US embraces a policy that fails to recognise Taiwan as a nation and adopts the posture of strategic ambiguity over whether or not it will defend the East Asian country against a Chinese invasion, Indian American Republican presidential candidate Vivek Ramaswamy has said. Beijing considers Taiwan as its breakaway province and insists it should be unified with the mainland, by force if necessary. Taiwan, however, sees itself as completely distinct from China. It is vital for US national security interest to ensure that China does not acquire sole control of the global semiconductor supply chain, Ramaswamy said in a statement on Sunday amidst increasing tension with China on the Taiwan issue. Accordingly, the US should shift from strategic ambiguity to strategic clarity: commit to affirmatively defend Taiwan against Chinese annexation until the US achieves semiconductor independence, at which point the US should resume its current posture of strategic ambiguity, he said. Last week

Want Musk to be my presidential adviser: Indian-American Vivek Ramaswamy

Vivek Ramaswamy, an Indian-American Republican presidential candidate, has indicated that he would like Elon Musk to be an adviser in his administration if he gets elected as the US president in 2024. Ramaswamy, 38, made these remarks on Friday at a town hall in Iowa when he was asked about whom he would want as advisers for his potential presidency, NBC News reported. Ramaswamy admires the mass layoffs Musk conducted after taking over Twitter last year. The billionaire biotech entrepreneur said in response that he wanted people with a blank fresh impression who do not come from within the government. I've enjoyed getting to know better, Elon Musk recently, I expect him to be an interesting adviser of mine because he laid off 75 per cent of the employees at Twitter, Ramaswamy was quoted as saying in the report. And then the effectiveness actually went up, he noted. A second-generation Indian-American, Ramaswamy founded Roivant Sciences in 2014 and led the largest biotech IPOs of

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Not interested…: Vivek Ramaswamy denies interest for Vice President slot

Ramaswamy said he would turn down an offer of the vice presidency if he doesn't win the GOP presidential nomination for 2024