India-US: The Ties that Bind
There is much that binds India and the US, from famous Indian American contributions to spiritual gurus that made a lasting impact. ‘India Global Business’ takes stock of some highlights.
Indian pharma firm acquires UK’s Actavis to beat Brexit gloom
Beats Mylan, Novartis, Torrent, Aurobindo to the post. Promoter says hungry for more
Almost inarguably, October 5th 2016, a Wednesday was the biggest day in the life of 53 year old Binish Hasmukh Chudgar, the highly low profile vice chairman of Ahmedabad based Intas Pharmaceuticals. That day in central London, Intas snapped up Israeli generic drug maker Teva’s assets in UK and Ireland—Actavis UK Ltd and Actavis Ireland Ltd—in a record $ 764 million deal (Rs 5083 crore) out muscling bigger global rivals like Mylan and Novartis or domestic competition like Aurobindo pharma and Torrent Pharmaceuticals in a bidding process that lasted over 6 months.
Hillary will be (just) a safer bet for India
So Donald Trump “is a big fan of India and a big fan of Hindu (sic)”; is he? At a gathering of about 5,000 American Indians at New Jersey’s Raritan Center, addressing what was probably the first country-specific ethno-religious rally by a US presidential hopeful, the Republican candidate promised a “phenomenal future” for Indo-US ties and said that under a “Trump administration”, the two countries “are going to be best friends”.
This is the first time that Trump has spoken about his vision for the country's relationship with India and has tried to tick all the right boxes. But American Indians remain wary of him, given his earlier protectionist rants, which, if taken...
The big democrat vs republican divide
It has been described as the most divisive elections in history and the Indian-origin politicians on either side of the Hillary Clinton vs Donald Trump divide are no exception. Reflecting much of the US Elections 2016 trends, a number of the Trump supporters seem to be rather muted while Clinton has a more gung-ho team. ‘India Global Business’ hand-picks some of the prominent players.
We are at a defining moment in British history
Jitesh Gadhia is one of Britain’s newest peers and made worldwide headlines recently when he marked his entry to the House of Lords by swearing his oath of allegiance to Queen Elizabeth II on a copy of the ‘Rig Veda’ – the ancient collection of Vedic Sanskrit hymns dating back to around 1,200 BC. ‘India Global Business’ caught up with the 49-year-old investment banker of Gujarati-origin to delve into his new role, India-UK ties and the post-Brexit scenario.
Taking India-US ties to a new level needs a bold Indian initiative
The general mood within the US has changed over the last few years, as reflected in the aggressive ‘US first’ stance of both candidates, argues a senior foreign policy expert. In this ‘India Global Business’ exclusive, he weighs up the steps India can take in the post-Obama landscape. Irrespective of who moves into the White House on November 8, the four key determinants, from the Indian perspective, of establishing robust and mutually beneficial Indo-US relations will remain unchanged. These determinants [...]
What India wants from the next US President
In a world where Americans seem split on the advantages of globalisation and liberal trade, we look beyond the wish-list politics of the past to see what a new American regime could mean for India.
What would India want from the next president of the United States? In years and elections gone by, that question would have been answered with a wish list of bilateral agreements and country-specific demands. In 2016, in these troubled and confused times for the global polity and economy, the answer is wider: the new president should renew...
Operational mechanics for new non-dom laws
In August 2016, the UK government issued further consultation on the rules affecting the taxation of non-UK domiciled individuals and inheritance tax on UK residential property. In the lead up to the final legislation which will follow the consultation, a tax expert delves into the impact on Global Indians. Draft legislation includes details of wide-ranging changes to the tax landscape for so-called “non-doms” and UK residential property, due to take effect from 6 April 2017. Domicile Deemed domicile In any [...]
Does Indian IT get a fair deal?
R. Chandrasekhar is the president of the National Association of Software and Services Companies (NASSCOM), the premier trade body for the Indian IT-BPO sector. In this exclusive interview with ‘India Global Business’, the former Secretary in the Indian government’s Department of Telecommunications delves into the trends in the industry, the future of robotics and how the Indian information technology sector can remain ahead of the curve.
Flanders accelerates India toward a bright, high-tech future
Flanders is one of three official regions of Belgium in the European Union (EU). ‘India Global Business’ throws the spotlight on this economic powerhouse to see what it can offer Indian companies looking to set up in Europe. Flanders is all about synergy – synergy between knowledge centers, corporations, universities, markets and culture. The region’s perfect combination of talent, innovation, infrastructure and purchasing power make it a bustling metropolis that gives wings to Indian businesses. Are you ready to take [...]