Author: Malavika Subramanyan

On May 3, 2023, the Confederation of Indian Industry (CII) launched the seventh edition of its renowned study, “Indian Roots, American Soil,” during a ceremony in Washington, D.C., sponsored by Taranjit Singh Sandhu, the Indian ambassador. According to research that emphasizes the good tales of Indian firms’ contributions to the US economy and society, there are over 160 Indian companies operating in all 50 US states, and they have made investments totaling US$40 billion that have created 425,000 jobs in a variety of industries. Texas (20,906 jobs), New York (19,162 jobs), New Jersey (17,713 jobs), Washington (14,525 jobs), Florida (14,418…

Advisory board members of Indian descent will play a crucial role in directing the organization and the energy services and technology industries on matters pertaining to energy. The US Energy Workforce and Technology Council elected Indian-origin leaders to the advisory board for the year 2023-2024, such as the president and CEO of ChampionX, Sivasankaran “Soma.” Somasundaram, managing director and global co-head of Energy & Power Investment Banking at Piper Sandler, Sanjiv Shah, and president of Universal Pressure Pumping, Akshay Sagar. Somasundaram, who was named the Houston Business Journal’s “most admired CEO” in 2022, is a member of the ChampionX board…

In April 2023, India collected an all-time high of US$ 22.9 billion (Rs. 1.87 trillion) in goods and services tax (GST), according to information provided by the Ministry of Finance. Increased year-end sales, data analytics that enhanced compliance, and consistent economic growth were the main drivers of the excellent mop-up. The last record-breaking collection was US$ 20.5 billion (Rs. 1.68 trillion) in April of last year, while the mop-up was US$ 19.6 billion (Rs. Additionally, the highest-ever tax revenue was collected on one day in April 2023. “On April 20, 2023, US$ 8.3 billion was paid through 9.8 lakh transactions,”…