American Sen. Mitt Romney’s investment firm Bain Capital profited billions between 1992 and 1997 by collecting huge dividends for investors that eventually resulted in layoffs for thousands of American workers. In 1984, Romney helped co-found Bain Capitol, which made a...
In 1984, Mitt Romney left management consulting firm Bain & Company to co-found the spinoff private-equity investment firm, Bain Capital. For the next 15 years, Romney presided over Bain Capital's operations, which shifted focus over time from venture capitalism...
Months after the cyberattack at Kudankulam where India's Thorium research was targeted, the Indian government is contemplating to allow Foreign Direct Investment (FDI) in nuclear power area. The decision, likely to be considered by the Prime Minister's Office (PMO),...
Infosys to pay $800K to settle worker misclassification, tax fraud charges. The State of California had alleged that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas. Indian...
An Indian antitrust investigation into the Bearings Cartel has found that units of Tata Steel, Sweden's SKF and Germany's Schaeffler colluded on the pricing of bearings to pass higher raw material costs onto customers in the auto sector; opening...
Shashi Tharoor, a serving member of the Indian Parliament lately known for his anti-British position has ironically been recruited by the son of a Pakistani British spy in his firm CTD Advisors, heavily infested with former British intelligence chiefs...
Three Chinese banks are suing Anil Ambani in a London court for failing to pay back $680 million in defaulted loans. The Industrial & Commercial Bank of China Ltd., China Development Bank and the Export-Import Bank of China agreed to...
India has lost a $7 billion WTO case against US.  Meanwhile China has won its case with the WTO now allowing the Chinese to impose a $3.6 billion sanction on American goods. The verdict comes days after India and...
In a major development brewing for sometime now, India and US have officially suspended Defense Cooperation after Americans refused to give India high-end jet-engine technology. At the heart of the Indo-US Strategic Partnership is what is known as the Defense...
In the 14-year old 92,000 crore telecom dispute, the Supreme Court has in a major blow ruled in favor of the government stating that India’s telecom operators will have to include non-core revenue to calculate dues it owes to...