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Top Tech investors to listen to Indian startup pitches, in Bengaluru

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 BENGALURU (Diya TV) — For the better part of the past 20 years, chiefs of the world’s largest tech companies have turned their heads to India as a low-cost destination to fuel their back-office software projects. It wasn’t until recently that the trend began to reverse.

Later this week, top executives from companies such as Toyota, Colgate-Palmolive and telecom giant Bharti Airtel will visit Bengaluru to be pitched by domestic tech software startups Aujas, Canvazify and FarEye. The two-day event, dubbed In-Tech50, will feature more than a dozen entrepreneurs who will be seeking investments or to sign partnership agreements with the aforementioned companies, as well as a laundry list of others.

After years of outsourcing software development and maintenance to India’s $160 billion IT industry, customers are now leveraging the country’s services for the opposite purpose — India has emerged as a commodity in the tech community, no longer just as a service region, said Piyush Singh.

“India is no longer seen as just a services economy,” Singh, the former chief information officer of Great American Insurance Co., said. “A lot of these large Fortune 500 companies have moved beyond leveraging India for IT sourcing and moved on to leveraging top technology talent from countries like India.”

The top three startups at the conclusion of the event will also receive an invitation to join an accelerator program in Silicon Valley, courtesy of Plug and Play. The program will also introduce the winners to potential investors in the U.S.

“The top three startups — in terms of the relevance of their products to the US market — will get funded by Plug and Play. After that these startups will get exposure to 30-40 potential funders in the US — so as you can see, these startups will get huge exposure to take their ideas to the next level,” Singh said.

However, Singh revealed that the introduction of e-commerce companies to India’s economy over the past five years has taken away from the country’s software product ecosystem.

“Ecommerce has sucked away a lot of funding that otherwise could have gone to these promising products startups — which is a little unfortunate. That being said, what we also see is the fact that Indian products startups are starting to get traction from new kinds of angel investors, which is a good sign,” he said.

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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Tech CEO Pradyumna Samal convicted of large scale H1B fraud

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Pradyumna Samal

SEATTLE (Diya TV) — Tech CEO Pradyumna Samal was convicted of large scale H1B fraud. The CEO of two companies that supplied workers to companies like Microsoft and Amazon plead guilty to using fake documents to get H1-B visas. The Indian national Samal was sentenced to seven years in prison for what federal authorities say “was the largest and most sophisticated H-1B visa fraud scheme we have prosecuted in Western Washington.” 

Inder Singh, a Los Angeles-based Indian American community leader, has died. He was 86 years old. Singh was involved in the inception of a number of Indian American non-profit organizations in the effort to build a stronger relationship between the U.S. and India. Indian Ambassador to the U.S. Harsh Shringla said on Twitter that Singh’s contributions have been “significant and his leadership will be greatly missed.”

Indiaspora launched ChaloGive.org, their first online giving campaign that runs October 2nd to the 8th. The goal is to increase levels of giving by the Indian diaspora, inspired in part by the success of Giving Tuesday in the U.S. and Daan Utsav in India.

Ravi Kapur contributed to this report.

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