5/23/2013  Members of Harvard Business School's Alumni Angels launched India's first mobile accelerator last month to foster innovation in the country's mobile ecosystem. The application, known as "AppCelerate-India," was officially launched on April 26 by Harvard Business School in collaboration with Nokia India and AppCampus — a mobile application development program based in Finland. |
| 5/22/2013  The Harvard Business School is scheduled to host a three-day program in India next week in an ongoing effort to cultivate stronger relationships with the country's business environment. The event, Improving Corporate Performance and Profitability — India, is set to take place from May 27 through May 30 in the Indian city of Mumbai — the country's most populous city with over 20 million metropolitan residents. |
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5/22/2013
EdX, a nonprofit online learning initiative composed of many of the globe’s leading institutions, announced May 21 it was doubling in size – adding 15 prestigious institutions to a list that already includes the likes of Harvard University and the Massachusetts Institute of Technology. According to Anant Agarwal, president of edX, the recent expansion reflects the company’s rapidly growing worldwide body of students. He maintained the nonprofit would continue to transform education by bringing learning to everyone regardless of their location or social status. |
| 5/21/2013  FM Global, one of the world’s largest commercial property insurers, has jumped to No. 541 on Fortune magazine’s list of America’s 1,000 largest companies. The ranking, published in the magazine’s May 20 edition, is based on FM Global’s fiscal year 2012 financial performance and represents a rise of more than 30 spots from the company’s prior year’s rank at No. 572
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5/20/2013  Vivek Ranadive — a graduate of both Harvard University and the Massachusetts Institute of Technology — secured a groundbreaking deal last week to buy a majority stake in the NBA's Sacramento Kings. The Mumbai-born businessman is the founder and chief executive officer of Tibco Software — a provider of infrastructure software and one widely credited with digitizing Wall Street. |
| 5/20/2013  Deepa Pakianathan of Delphi Ventures has joined the board of directors for Karyopharm Therapeutics amid a second round of funding that raised just under $50 million for Karyopharm — a Mass.-based company that specializes in nuclear transport modulators. The funding — which raised a total of $48.2 million — was led by a private investor with additional investors, including Delphi Ventures. Pakianathan, who joined Delphi back in 2001, is currently the firm's leader of biotechnology investment activities.
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5/17/2013  A startup aimed at combining gesture-recognition technology with smart devices recently took home the grand prize of $100K during this year's MIT 100K Entrepreneurship Competition. Founded by a group of MIT engineers, including three Indian students, 3dim has patented 3-D gesture-recognition technology to be used in popular devices such as smartphones and tablets. The technology, which is similar to what's used in Nintendo Wii and other consoles, would enable users to interact with their devices through thin air — without having to touch a screen. |
| 5/16/2013  TiE-Boston recently announced the 20 winners of this year's TiE Challenge — a collaboration that gives successful entrepreneurs an opportunity to help young entrepreneurs accelerate their innovative ideas into actual companies. Based in Cambridge, Mass., TiE-Boston is part of the global TiE — The Indus Entrepreneurs — group that is the largest not-for-profit organization promoting entrepreneurship. TiE-Boston runs a number of programs to educate, mentor, network and inspire entrepreneurs in the community.
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5/15/2013  Mahmud Jafri, CEO of Dover Rug & Home, was recognized as one of the winners during the "Immigrant Entrepreneur Award" program — an annual celebration sponsored by the Immigrant Learning Center. The awards dinner and reception, which was held on May 8 at the Royal Sonesta Hotel in Cambridge, Mass., attracted over 200 people, according to organizers.
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| 5/15/2013
INDIA New England News, which has been serving the Indian and South Asian community for 15 years through its print, online editions and exclusive events and expos, has launched the Indus News Wire to serve South Asian news organizations worldwide and also announced plans to launch a TV and video channel and a new South Asian Arts & Entertainment Weekly newsletter. Through its print and online editions, the newspaper already reaches over 100,000 people.
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5/13/2013  NanoViricides Inc. recently hired Meeta Vyas — a successful former CEO with a lengthy list of professional experience — as the company's interim CFO. The West Haven, Conn.-based company specializes in creating nanomaterials for antiviral therapy. Specifically, the company's nanoviricide products are designed to both envelope and dismantle harmful virus particles.
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| 4/30/2013
 Boston-based startup Kinvey Inc., has hit the market with its mobile application for Salesforce CRM systems. Kinvey is a backend-as-a-service company that makes it easy for businesses to setup and operate cloud backends for mobile, tablet and Web apps. The company was founded by CEO Sravish Sridhar in 2010 and has raised over $7 million in funding.
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4/30/2013
 The Millennial generation, also called generation Y, is the demographic cohort following generation X. While no precise date marks the start of this generation, commentators generally define its members as people in their twenties and early thirties. This group includes 77 million young Americans, rivaling the baby boomers in size and impact. Their biases, inclinations and attitudes have the potential to greatly influence philanthropy, money management and society generally. |
| 4/30/2013
 Top notch Indian businessmen, politicians and industrialists like Vijay Mallya, Ravikant Ruia, Vivekanand Gaddam, Chetan Burman and Teja Raju are among 612 Indians exposed in one of the biggest global investigations on tax evasion carried out by The International Consortium of Investigative Journalists, a Washington, D.C.-based organization. The list also includes people like New York-based billionaire and defamed hedge fund manager Raj Rajaratnam, who was convicted in one of the biggest insider trading conspiracy and securities fraud cases in 2011. The list also includes many American doctors and businessmen. |
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