Recent news posts
MyTaxFiler and myStartUpCFO have joined hands with MyTaxFranchisor to provide exciting franchise opportunities for enterprising entrepreneurs. With a combined experience of over 100 years in the finance and accounting domain, these two firms have built a brand that stands for high quality and consistent services. The need today is to build a franchise system to meet the ever-rising demand in F&A across the country.
MyTaxFiler offers end-to-end financial solutions for businesses and individuals in the United States, from business formation, bookkeeping, record keeping, payroll processing, income tax filing to tax planning, FBAR compliance, entity structuring etc.
myStartUpCFO aims to eliminate the day-to-day accounting and finance hassles of CEOs, freeing their time to focus on growing their business, and also helping them avoid epic fails that might end their companies before they’ve even had a chance. Further, we empower entrepreneurs and guide them in areas like investment structuring, equity / option allocation, spending, and human resource decisions.
The Chamber would like to congratulate our Board Members, Mr. Sanjeev Khanna and Mr. Vik Thapar, as well as our Community Partner, Fun Asia's Ms.Shabnam Modgil on receiving the Dallas Business Journal's 2016 Minority Leader Awards. Their recognition is a true testimony of their contributions to the Dallas Business Community over the years. We wish them continued success and many more accolades in the years to come! Read more...
Governor Greg Abbott has appointed Arun Agarwal to the Product Development and Small Business Incubator Board for a term set to expire February 1, 2019. The Product Development Fund and Small Business Incubator Fund, collectively PDSBI, are revolving loan programs administered by the Office of the Governor, Texas Economic Development Bank, under the oversight of a nine-member board appointed by the Governor. The PDSBI Fund provides financing to aid in the development, production, and commercialization of new or improved products and to foster small business within the State of Texas. Arun Agarwal is CEO of Nextt which manufactures home textiles, garments, apparel fabrics and polyester yarns. His company is the market leader in home textiles. Read more...
The Senate on Monday narrowly confirmed President Obama’s pick for surgeon general, Dr. Vivek Murthy, after the nomination was held up for more than a year. The Senate voted 51 to 43 to confirm Murthy, who received both an M.B.A. and M.D. from Yale. Obama applauded the Senate vote. “As ‘America’s Doctor,’ Vivek will hit the ground running to make sure every American has the information they need to keep themselves and their families safe,” the president said in a statement. Read more...
Source: msnbc.com
President Obama has accepted Prime Minister Modi's invitation to be the chief guest at India's Republic Day celebrations in January 2015. The White House said it will be the first visit by a U.S. president as a Republic Day chief guest. It said President Obama would meet with Modi and Indian officials "to strengthen and expand the U.S.-India strategic partnership." Read more...
Source: Times of India Online
NEW DELHI: Giving the tourism sector a significant push, the government on Thursday launched the much-touted online visa facility for 43 countries including the US, Australia, Japan, Israel, Germany and Singapore. Travelers can apply for a visa from the comfort of their homes and receive a visa within 72 hours. Read more...
Source: Time of India Online
Renu Khator, the University of Houston's president and system chancellor, will become 2015 chair of the Federal Reserve Bank of Dallas, The Federal Reserve Board of Governors announced Wednesday. She currently serves as deputy chair. Matthew K. Rose, executive chairman of BNSF Railway Co. based in Fort Worth, was named deputy chair for next year.
"I am excited and honored to receive this opportunity, and for the recognition it brings to the University of Houston," Khator said in a written statement. "As chair, I look forward to adding my perspective to the important monetary policy discussions conducted by the talented and dedicated members of the Federal Reserve Bank of Dallas." Read more...
Source: Houston Chronicle
NEW DELHI/WASHINGTON: PM Narendra Modi pulled off yet another diplomatic coup on Friday - perhaps his biggest one - when President Barack Obama accepted his invite to visit India as chief guest of the Republic Day parade next year. Modi broke the news himself when he tweeted on Friday November 21, 2014 evening that he had invited Obama to visit India in January. Read more...
Source: Time of India Online
The total number of Indian students studying in the US shot up 28% to 1,34,292 students, comprising the second largest foreign student body in America after China, according to a new report published by US Immigration and Customs Enforcement of the Department of Homeland Security.
A startling majority - 65% - were studying engineering, computer science, and information technology and support services, and together with students in other STEM (science, technology, engineering, and mathematics) fields made up 79% of all India students in America. Read more...
Source: Times of India Online
WASHINGTON: US President Barack Obama has commended the personal leadership role of Prime Minister Narendra Modi in finding a forward path on the WTO Trade Facilitation Agreement (TFA). "The President had extensive discussions with Prime Minister Modi on this issue and appreciates his personal leadership in finding a path forward," White House Press Secretary Josh Earnest said in a statement after India and US announced that the two countries have reached an agreement on TFA. Read more...
Source: Economic Times
SAN FRANCISCO: The bull run in Microsoft's stock this past year has helped the tech giant surpass Exxon Mobil and seize the rank of the second most valuable company, behind Apple Inc. Under new CEO Satya Nadella, Microsoft has worked to overcome its reputation as a clumsy behemoth struggling to keep up with new tech trends and consumer habits. Nadella has cut expenses — and jobs — while pledging to refocus the company on mobile technology and cloud computing. Read more...
Source: Times of India Online
Newly re-elected Gov. Nikki Haley is leading South Carolina's first trade trip to India in hopes of persuading companies in her parents' native country to bring jobs to South Carolina. The Republican will lead a 10-day trip involving the state's commerce and tourism. Commerce Director Bobby Hitt said, "There's a lot of excitement among our partners in India in advance of her visit, and we think this trip will go a long way toward putting our state on the map with Indian companies and decision-makers. Read more...
Source: Washington Post
DATE 10/28/14 (Dallas, TX) – US India Chamber of Commerce is pleased to announce hiring of a new chamber Manager Ms. Anjali Desai. Ms. Desai finished her MBA from St Louis and has worked as Community Relations Officer with Capital Bank, Resource Development Officer with United Way, Fund Raising and Event Coordinator with Muscular Dystrophy Association in NY, Catering Sales Manager at Saint Louise Hilton, and is presently the Co-Chair of Akshaya Patra.
“It is my pleasure to work with this dedicated group ... I welcome the opportunity to meet everyone and together we will make impact in this vibrant community.” said Anjali.
Source: DMagazine
Arun Agarwal’s Alok International rises to the top of the home bedding industry.
Every two seconds, a set of sheets manufactured by Alok International Inc. is sold... Nestled in its Dallas Design District headquarters, Alok manufactures home textiles for some of the world’s top retailers, including Dillard’s, JC Penney, Target, Kohl’s, and Wal-Mart, as well as brands that include Trina Turk, Iman, Kathy Ireland, Jessica McClintock, and Ellen Tracy. Read more...
The US Senate has unanimously passed a bipartisan resolution designating September 30 as 'US-India Partnership Day' recognizing the contribution of the two countries to one another and the relationship that will continue to help define the 21st century. Read More ....
Source: LiveMint and Wall Street Journal
New Delhi: Manjul Bhargava, Professor of Mathematics at Princeton University, has been awarded the prestigious 2014 Fields Medal at the International Mathematical Union’s (IMU) International Congress of Mathematicians held in Seoul. Bhargava, 40, is the first person of Indian origin to receive the prestigious medal, which has been awarded since 1936 and recognizes outstanding mathematical achievement for existing work and the “promise of future achievement”. Read more...
Source: OIFC, January 2014
Investing in India, when living abroad, has always been the safe route to ensure good financial gains and securing future-return plans to the country. The Indian government too has played a responsible role in addressing the financial investment needs of its cash-rich, non-resident diaspora. Adopting a multi-level approach, the government has tried to ensure holistic investment opportunities for the wide-spectrum of foreign investor profiles – ‘gilt’ financial instruments, tax-saving instruments, business investment opportunities in multiple sectors, FDIs and more.
The sectors that the government is looking for higher investments are currently in the Education, Energy and Environment, Healthcare, ICT (Information & Communication technology) and Infrastructure. Read more...
Source: Wall Street Journal
BANGALORE, India—In the past few days, Amazon.com Inc. and local rival Flipkart Internet Pvt. have both made billion-dollar bets that online shopping is poised to take off in India, the world's second-most-populous country. Amazon said that it would invest $2 billion to expand its India operations, a day after Flipkart, India's biggest homegrown e-commerce company, said it had raised $1 billion from backers to help it grow.
"We see huge potential in the Indian economy and for the growth of e-commerce in India," Amazon CEO Jeff Bezos said Wednesday. The company didn't give a time-frame for the investment. Read more at Amazon Ups the Ante in India With $2 Billion Investment...
DATE 7/31/14 (Dallas, TX) – After a nationwide search, the US India Chamber of Commerce Dallas/Fort-Worth (formerly The Greater Dallas Indo-American Chamber of Commerce) has named Miss Neel Gonuguntla as its new President.
Miss. Gonuguntla has held many leadership positions during her career. Most recently, she served as President of Ready-to-Work® - an organization which provides workforce development and educational services to educational institutions, non-profits and corporations. Her experience handling administrative, regulatory, legal and planning initiatives will serve the Chamber well.
“I am honored to be joining the US India Chamber of Commerce Dallas/Fort-Worth, and I look forward to meeting and developing relationships with the regions business leaders and government officials,” Miss. Gonuguntla said. “The USICOC is a strong Dallas institution with a solid foundation and I hope to build on that foundation.”
