Latest news with #Bhutoria
Business Standard
14-06-2025
- General
- Business Standard
Sundeep Bhutoria Nominated to the Board of Victoria Memorial Hall by Ministry of Culture
PNN Kolkata (West Bengal) [India], June 14: The Ministry of Culture, Government of India, has nominated prominent Kolkata-based cultural personality, author and philanthropist, Sundeep Bhutoria, to the Board of Trustees of the Victoria Memorial Hall (VMH) for a three-year term. "Victoria Memorial Hall is embedded in Bengal's psyche as an icon of art, architecture, and culture. I am proud to associate with a glorious heritage symbol for Bengal and the nation - an enduring icon of art and architecture whose cultural initiatives I greatly admire. It is an honour to associate and contribute," said Mr Bhutoria whose deep roots in the cultural sector include current service on the Board of Trustees of the Indian Museum, Kolkata. Mr Bhutoria brings a formidable portfolio of cultural and philanthropic engagement: Fellow of London's Royal Society of Arts; member of Royal Overseas League London, India International Centre (IIC), India Habitat Centre (IHC) and Rajasthan International Centre and trustee of Education for All Trust. He is also a Member of the Expert Committee of the Cultural Function and Production Grant of the Ministry of Culture, Government of India and a member of the Advisory Committee of the Indian Council for Cultural Relations (ICCR) and a brand ambassador for the Eastern Zonal Cultural Centre (EZCC). Mr Bhutoria's global impact includes representing India at United Nations Associations (UNA) forums. He was instrumental in setting up The WFUNA Foundation - a global non-profit organization that promotes the principles and work of the United Nations. The WFUNA Foundation, launched in 2015 by the then Foreign Minister of India, Ms Sushma Swaraj, supports youth-led initiatives and works to advance the United Nation's mission in India. As Managing Trustee of the Prabha Khaitan Foundation (PKF), he actively promotes Indian art, literature, and culture across India, Europe, the USA, and West Asia and is also engaged in preserving folk art and culture of India. PKF is also engaged in various social welfare activities involving children, women and the elderly. Mr Bhutoria has also curated popular branded cultural events like An Author's Afternoon, Aakhar, Chaupal, Ek Mulakat, Kalam, Kitaab, Lafz, Tete-a-Tea, The Write Circle and The Universe Writes. All these events have created a series of social and cultural calendar bringing together litterateurs and literary groups spanning the country and beyond. Mr Bhutoria, who is also on the board of Petronet LNG Ltd, has also launched many CSR projects for corporates. He is actively involved with prestigious organizations like The Bengal - a Kolkata based NGO of prominent citizens; Pronam - a joint venture of The Bengal and Kolkata Police to support senior citizens of Kolkata. A prolific author and globetrotter, his works include - The Safari, China Diary, The Norway Diary, Global Desi, Calcuttascape, Aap Biti Jag Biti, The Bera Bond, Amar Kolkata and My Life My Travels.
NDTV
18-05-2025
- Politics
- NDTV
Indian-Origin Man Faces Backlash Over Call To Scrap H-1B Visa Programme
New Delhi: An Indian-origin man in the US has come under fire for publicly calling for all H-1B visas to expire and for visa holders to be sent back to their home countries. "All H-1B visas should expire, the program should be ended, and visa holders should be sent back to their home countries. It has nothing to do with keeping America competitive. Our major national competitors don't bring in large numbers of foreign workers," Rohit Joy wrote on X. Mr Joy made the remark in response to a post by Republican Congressman Rich McCormick, who had voiced support for expanding domestic visa renewals for H-1B and other low-risk visa holders. "Last week, I joined a bipartisan push to expand domestic visa renewals for H-1B and other low-risk visa holders. It's time to modernise our visa system by reducing costs, boosting efficiency, and keeping America competitive," Mr McCormick had posted. Nope. All H-1B visas should expire, the program should be ended, and visa holders should be sent back to their home countries. It has nothing to do with keeping America competitive. Our major national competitors don't bring in large numbers of foreign workers. — Rohit Joy (@rohitjoycpa) May 15, 2025 Many users, however, disagreed with Mr Joy. "Absolutely not. The system has been completely abused and is directly responsible for Americans losing their jobs," a user wrote. Some users pointed out that his parents had also come to the US using an H-1B visa. The H-1B visa programme in the US allows employers to hire skilled foreign workers in speciality occupations requiring at least a bachelor's degree. H-1B visas are initially granted for three years and can be extended up to six years, with further extensions possible for those pursuing permanent residency. The current rules require H-1B visa holders to travel to a US embassy in their home country for renewals, which can lead to delays and uncertainty. To address this issue, a pilot programme was launched in 2024 to allow certain H-1B holders to renew their visas from within the US. The initiative was recommended by Indian-American entrepreneur Ajay Jain Bhutoria. On May 15, Mr Bhutoria, who has played a key role in pushing for domestic visa renewals, shared an update on X, showing growing momentum for the idea again. According to his official website, Mr Bhutoria has "over 25+ years of experience driving global change at every level: domestic politics, foreign relations, and global technology industry." Mr Bhutoria wrote, "I'm thrilled to see bipartisan support for domestic visa renewal! The pilot programme, launched based on my recommendation to the WHIAANHPI Commission & implemented by the State Dept, is a step forward." Sharing the official US Congress document addressed to Secretary of State Marco Rubio, he added, "@SecRubio, domestic visa renewal is the right move. Happy to share details!" I'm thrilled to see bipartisan support for domestic visa renewal! The pilot program, launched based on my recommendation to the WHIAANHPI Commission & implemented by the State Dept, is a step forward. @SecRubio, domestic visa renewal is the right move. Happy to share details! — Ajay Jain Bhutoria (@ajainb) May 14, 2025 The letter bore signatures of several Members of Congress, including Indian-origin representatives Suhas Subramanyam, Raja Krishnamoorthi, and Ro Khanna, alongside Rich McCormick, Henry C 'Hank' Johnson Jr, Don Bacon, and Sanford D Bishop Jr.
Yahoo
31-01-2025
- Business
- Yahoo
Federated Hermes Says Indian Stocks Battling a ‘A Perfect Storm'
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Manhattan's Morning Commute Time Drops With New Congestion Toll Trump Paves the Way to Deputize Local Police on Immigration How the 2025 Catholic Jubilee Is Reshaping Rome Housing Aid Uncertain After Trump's Spending Freeze Memo Trump's Federal Funding Pause Threatens State Financials Vivek Bhutoria has been bearish on Indian stocks for three quarters. The Federated Hermes money manager is now keen to see if two major policy events due within the next seven days give him reasons to change that view. 'We are in a wait-and-watch mode,' said Bhutoria, who manages about $2.7 billion in assets across emerging markets. 'In a way, India is in a perfect storm: slowing growth, tight liquidity, a weakening rupee, foreign outflows on dollar's strength, weak earnings, and high valuations.' The first of those two events is the federal budget on Saturday, which he said could act as a positive catalyst by offering measures to boost consumption and by sticking to the path of fiscal consolidation. Monetary easing by the central bank — which has a rate decision on Feb. 7 — is the other factor that could help stabilize the stock market, where the benchmark gauge is on track to cap its longest losing monthly run since 2001. Marred by slowing economic growth and an exodus by foreign funds, India's benchmark NSE Nifty 50 Index has lost more than 11% since an all-time high in late September. The nation's currency has fallen to successive record lows against the US dollar and earnings at some of the biggest companies are trailing analysts estimates in the ongoing results season. Global investors have sold $20 billion worth of local shares on a net basis since the end of September as the faltering earnings momentum makes investors question if Indian stocks are worthy of the valuation premium they command over emerging-market peers. The Nifty 50 is trading at 18.8 times its estimated forward earnings, versus a multiple of 11.9 times for the MSCI Emerging Markets Index, according to data compiled by Bloomberg. The Indian gauge traded at more than 20 times in late September. Shares of some private Indian banks are a bright spot for Bhutoria. 'Operationally, there are no big flashing risks. They are well capitalized, asset quality is stable, they have contingent provisions and corporate health is decent,' he said. Shares of HDFC Bank Ltd. and ICICI Bank Ltd. are among the top India picks in Federated Hermes' global emerging-market portfolio. Indy Pass, the Anti-Vail Seasonal Ski Ticket, Is Gaining Fans The Internet Almost Killed Barnes & Noble, Then Saved It What America's Tech Billionaires Really Bought When They Backed Donald Trump Musk Pitches New Narrative as Tesla Sales Fall Forget Factories, Small US Towns Want Buc-ee's Gas Stations ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
30-01-2025
- Business
- Bloomberg
Federated Hermes Says Indian Stocks Battling a ‘A Perfect Storm'
Vivek Bhutoria has been bearish on Indian stocks for three quarters. The Federated Hermes money manager is now keen to see if two major policy events due within the next seven days give him reasons to change that view. 'We are in a wait-and-watch mode,' said Bhutoria, who manages about $2.7 billion in assets across emerging markets. 'In a way, India is in a perfect storm: slowing growth, tight liquidity, a weakening rupee, foreign outflows on dollar's strength, weak earnings, and high valuations.'
