CHICAGO – In February 2007, Trans-India Acquisition Co. had what many companies its size would call a very successful initial public offering, raising $92 million.

FORT WORTH, Texas – Global buyout firm TPG Capital Inc. has agreed to pay $120 million for a 49-percent stake in Shriram Retail Holdings Pvt. Ltd. – a holding company for the Shriram Group’s publicly traded consumer-finance division, Shriram City Union Finance Ltd.

Builders, region’s Indian Americans shocked by judges’ ruling

CHANDLER, Ariz. – A New Jersey-based religious organization’s plans to build a Hindu temple in the fast-growing Phoenix suburb of Chandler have fallen apart after a group of homeowners successfully sued to stop the project on the grounds that it violated a longstanding property deed restriction.

Achronix Semiconductor Corp. recently closed a $52 million second round of funding.  The proceeds from the financing will be used to fund the development of next-generation products and to support the rapidly accelerating demand for the recently-announced Speedster family of products.

Chairman & CEO, Magma Design Automation

Rajeev Madhavan is chairman and chief executive officer of Magma Design Automation Inc. He founded Magma in 1997. The San Jose, Calif.-based company is a provider of electronic design automation software. Magma’s products are used by semiconductor manufacturers to design complex, high-performance integrated circuits.

Key for subcontinent is low use of energy for cooling

CAMBRIDGE, Mass. – When Sam White and Sorin Grama entered the Massachusetts Institute of Technology’s annual business plan competition for graduate students last year, they knew they had a decent shot at winning.

Lunar orbiter propelled by surge in national pride

SRIHARIKOTA ISLAND, India – "Five, four, three, two, one. And we have liftoff ... the historic launch of the PSLV-C11 has taken place. You can see the vehicle climbing high into the sky majestically."

Study: Basic infant care doubles survival chances

SEATTLE – In the Indian state of Uttar Pradesh, hundreds of thousands of babies die every year within a month of being born. But a team of researchers led by American physician and researcher Dr. Gary Darmstadt recently found that by adopting basic childbirth and newborn-care practices, mothers in this largely rural and impoverished region of India can reduce the likelihood that their babies will die within the first month of their lives by more than 50 percent.

WASHINGTON – The U.S. Department of Health and Human Services will send the first U.S. Food and Drug Administration staff to China, India, Europe, and Latin America before the end of 2008.

“We’re making steady progress to better safeguard our supply of food and medicines, though much work remains,” said Health and Human Services Secretary Mike Leavitt.

Slumping economy pushes many to graduate programs

Last May, Mel Gerrets III graduated from Spring Hill College – a small, private, Jesuit college in Mobile, Ala. – with a bachelor's degree in business management. Like many of his peers, the 22-year-old from New Orleans began applying for jobs in his chosen career field months before he received his diploma.

Fuqua School of Business creates board in India, which will guide school as it launches in New Delhi

DURHAM, N.C. – Duke University’s Fuqua School of Business – which consistently ranks among the top-10 business schools in the nation – has launched an ambitious overseas expansion plan that calls for the establishment of five campuses in strategic cities across Asia and Europe, including New Delhi.

Dispute over 2008 convention shift from Chicago to Texas put to rest

CHICAGO – A federal judge has dismissed a multi-million dollar lawsuit filed against the Asian American Hotel Owners Association and two of its board members by 53 AAHOA members after the two sides settled their differences out of court.

Altametrics reaps rewards for eRestaurant system

LOS ALAMITOS, Calif. – Mitesh Gala grew up in the restaurant industry and he is still in it today, but what he does is a far cry from his days working at his parent’s Jack in the Box franchise.