Pravasi Herald
MoneyMatters
Friday, March 24, 2017
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Infogroup sues Clinton-backer Vinod Gupta

Washington -- After agreeing to pay $13 million to resolve investors' claims that directors sold Infogroup on the cheap to bail out founder Vinod Gupta, a former financial backer of Bill Clinton, the company's new owners have sued Gupta.
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02/21/14
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Indian man wins 250,000 pounds in British TV game show

London, Feb 13 -- A Sikh man in Britain has become only the second male contestant to win a popular television game show, getting 250,000 pounds (around $416,000) in the process.

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02/21/14
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Indian-American fundraiser in Chicago sentenced to two years for fraud

Chicago -- Raghuveer Nayak, an Indian-American fundraiser for convicted politicians Jesse Jackson Jr. and Rod Blagojevich, has been sentenced to two years in prison and fined $500,000 for health care fraud.

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02/21/14
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Indian Americans save more than any other group in US for children’s college education

Washington, Feb 2 -- Indian Americans, who have the highest income among America's multicultural groups, save much of their higher household income for their children's college education, according to a new study.

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02/02/14
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Despite key reforms, India’s realty industry remained stressed (2013 in retrospect)

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By Vinod Behl 
 
Economic slowdown, inflationary pressures, volatility in foreign exchange and stock markets, together with liquidity crunch and costly debt, took a toll on India's real estate sector in 2013, with investor sentiment taking a severe beating despite a number of reform initiatives undertaken by the government.
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12/26/13
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Mysterious India-born investor earns big from Twitter: reports

New York -- A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.

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11/10/13
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‘High-debt’ deal not right for BlackBerry: Prem Watsa

Washington -- Hyderabad-born IITian Prem Watsa, who has come to the rescue of BlackBerry by injecting a $1 billion investment into the Canadian company, says an outright takeover bid would have been a mistake.

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11/08/13
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Dhanteras gold demand falls at least 20 percent this year

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New Delhi/Chennai/Mumbai -- Come Dhanteras and Indians are ready to shell out that extra bit to purchase gold on the auspicious day. But demand has fallen by at least 20 percent this time as most people have made the bulk of their purchases earlier in the year when prices were much lower, say market cognoscenti on the occasion of the festival Friday.
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11/01/13
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Jewellers expect sales to fall this Dhanteras

New Delhi/Chennai/Mumbai -- Come Dhanteras and Indians are ready to shell out that extra bit to purchase gold on the auspicious day. But jewellers expect sales to be considerably low this time around as most people have made the bulk of their purchases earlier in the year when prices were much lower.

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11/01/13
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India Post inks deal with UAE firm for instant money transfer

New Delhi -- India's Department of Posts Friday said it has signed an agreement with Wall Street Exchange, a unit of UAE based Emirates Post Group, to facilitate instant transfer of money, especially by the Indian diaspora in the Gulf.

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10/23/13
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