Ebix Inc., the Atlanta-based insurance software and fintech company, is enabling the purchase of life insurance in India through its joint venture with BSE, formerly the Bombay Stock Exchange. BSE Ebix Insurance Broking Private Limited had “beta” launched its marketplace in February but expanded the offering by adding health insurance in June and two of India’s top life insurance […]
India’s Growing China Distrust Creates Opening for U.S. Tech Firms
India’s growing discord with China could be a gift for U.S. companies looking to deepen their access to the country’s massive market for technology hardware and services. India is accelerating a plan to attract more foreign investors to manufacture electronics like smartphones domestically, rather than relying so heavily on its massive neighbor and top trading […]
Software Firm Uses India Training Model to Bring Hundreds of Offshore Jobs to Atlanta — Eventually
A software firm planning to bring 465 jobs to downtown Atlanta will do so by slowly phasing out offshore operations after training up a local workforce with a training model developed in India. If Milletech Systems Inc. can pull it off, the move would turn decades of information technology inertia on its head, as an increasing […]
Ambassador: Enhanced U.S.-India Partnership a Silver Lining in Pandemic
The United States and India may find their commercial and defense ties strengthened in the “new normal” that emerges once the COVID-19 pandemic ebbs, a potential silver lining to a trial that has “upended the world” and threatened global collaboration. That’s how Indian Ambassador Taranjit Singh Sandhu portrayed it during a Thursday call with the […]
Ebix Merger With Indian Travel Marketplace Terminated
Atlanta-based Ebix Inc.‘s proposed $338 million buyout of India-based travel marketplace Yatra Inc. has been scuttled as the industry endures a steep downturn during the COVID-19 pandemic. Yatra terminated the deal June 5, the day after the deadline to reach another extension, potentially threatening efforts by Ebix’s Indian subsidiary, EbixCash, to consolidate the fragmented Indian […]
Atlanta Cloud Software Provider With India Ties Acquires New York Firm
ProArch, a software firm based in Alpharetta with ties in India and beyond, has acquired a New York-based company to strengthen its U.S. operations. The company has more than 200 customers and 215 employees worldwide and offices in London, Singapore and multiple cities in India, but last year the company began looking to build out its U.S. […]
Ebix Preaches Resilience as Extended India Lockdown Hits Bottom Line
Metro Atlanta-based Ebix Inc. says its broad diversification kept the company profitable in the first quarter, despite an extended lockdown in India and pandemic-related restrictions that pummeled business segments that are highly dependent on travel. The Johns Creek-based insurance software provider, travel marketplace operator and financial technology firm posted a drop in revenues of about 4 percent to $137.9 million, down from […]
The COVID-19 View From India’s Economy: ‘Acute Pain’ but Hope for Recovery
A month into the world’s largest mandatory lockdown, India so far hasn’t seen the exponential spike in COVID-19 cases that worried epidemiologists in a country with a large, dense poor population unable to practice social distancing. About two weeks behind the U.S. in terms of first reported case, the nation of 1.2 billion people is […]
Emory’s Jag Sheth: Multinational Companies Should Coordinate Global Coronavirus Response
It is remarkable how swiftly governments of the world from China to European Union to the United States to India, have taken decisive measures to not only “flatten the curve” but also to source Personal Protection Equipment (PPE) such as face masks, gloves and gowns, as well as ventilators and other hospital supplies. In addition, […]
Laying Off Foreign Workers During the Pandemic? Here’s How to Help Them While Complying With Immigration Laws
Editor’s note: This is a sponsored post published as part of Kuck Baxter’s annual advertising package with Global Atlanta. As immigration attorneys, employers terminating foreign workers often ask us about their obligations, as well as the work options available to those they’re forced to let go. In recent days, companies dealing with the economic impacts […]
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