VARINDIA IT MAGAZINE

Prime Minister Narendra Modi  is left to attend a mega event organised in  NRG Football Stadium, Huston, United States  on September 22. It is the largest gathering ever for an elected foreign leader visiting the U.S., other than the Pope.  US President Donald Trump  will be spending 100 minutes at the NRG Stadium where PM Modi is being hosted by the Indian diaspora. Houston being the hub of oil and gas ,organisers say more than 50,000 people - many from the  Indian-American diaspora  - have registered for the event, which the White House labelled "a great opportunity to emphasise the strong ties between the two countries" and "reaffirm the strategic partnership between the world's oldest and largest democracies". The rally, hosted by the Texas Indian Forum, is set to kick off around 8:45am local time (13:00 GMT) with cultural performances before Modi and Trump take the stage at NRG Stadium around 10:00am (15:00 GMT). He is scheduled to acce...

President Donald Trump, the Republican leader has said in an interview that he is willing to hit all Chinese goods imported to the US with tariffs if necessary. Trump administration will start imposing tariffs on Chinese imports worth $34 billion from Friday. On China's part, it will promptly strike back with tariffs on an equal amount of US exports. Trump has said in his speech that he is not doing this for politics but as a right thing for his country. He also added that they had been ripped off by China for a long time. US has imposed 25 per cent tariffs on approximately USD 34 billion of Chinese mechanical and technological products. Starting Friday, the US will tax 818 Chinese products, worth $34 billion a year. It won't target the 284 additions, worth $16 billion until it gathers further public comments. The move has sparked an immediate response from Beijing, which said would hit back dollar for dollar.... Read More

Brian Krzanich, CEO-Intel has resigned from the American Manufacturing Council, the group set up by President Donald Trump to advise his government on issues related to manufacturing in the country, over current political climate in the US and alleged politics-driven hate crimes.  His resignation came days after Trump’s response to the violence at a white nationalist rally in Charlottesville, Virginia on 12 August.  Krzanich’s statement on his resignation from the American Manufacturing Council  “Earlier today, I tendered my resignation from the American Manufacturing Council. I resigned to call attention to the serious harm our divided political climate is causing to critical issues, including the serious need to address the decline of American manufacturing. Politics and political agendas have sidelined the important mission of rebuilding America’s manufacturing base.... Read More

There is no doubt on the statement of President Donald Trump blasted on social media and twits on how the e-commerce giant is hurting retailers and causing U.S. job losses. “Doing great damage to tax paying retailers” tweets , President Trump.  With a single tweet, the tech giant Amazon shares fell as much as 1 percent ( drops by $5B) in the premarket session after Trump's tweet. The stock closed down 0.5 percent Wednesday. He also blasted Amazon in June for "not paying internet taxes”.... Read More

President Donald Trump in an announcement has revealed that Apple is apparently planning to build three manufacturing plants in the US in a partnership with Foxconn or some other assembly company. Apple Chief Executive Tim Cook has supposedly promised the president "three big plants - big, big, big," Trump said in a recent news Interview. Apple however declined to comment on the matter. There has been no information on where the plants will be set up or what they will manufacture. But considering that Apple hands off its assembly responsibilities to third parties, and the fact that Foxconn may announce its plans to bring plants to the U.S. as early as this week, it's likely that Apple's plans are in partnership.... Read More