[Washington DC]Apple To Repatriate $ Billions in Overseas Cash:Trump Effect
On the heels of the Tax Cuts and Jobs Act’s passage into law, CNBC reports that Apple will contribute $350 billion back to the U.S. economy.
Apple to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States. This implies it will repatriate virtually all of its $250 billion in overseas cash,” Anita Balakrishnan of CNBC writes. “Apple also said it will spend over $30 billion in capital expenditures over the next five years.”
Tag: Apple
Apple To Repatriate $ Billions in Overseas Cash:Trump Effect
Tim’s Apple Starts Learning Startup:Buys US Machines
[Washington DC]Tim’s Apple Starts Learning Startup:Buys US Machines
,Apple confirmed that it has bought US machine learning startup Turi as Silicon Valley giants focus on a future rich with artificial intelligence.
Turi specializes in enabling developers to imbue software applications with artificial intelligence, so the apps learn to think more the way people do.
Apple has been stepping up its artificial intelligence efforts to compete against rival services from Amazon+Google+Microsoft.
Improving machine learning capabilities of its Siri virtual assistant could enable it to better understand intent behind commands or queries spoken by users.
Siri is spreading from Apple mobile devices to its Mac computer system, allowing users of the PCs to search their machines or the Internet with voice commands, according to recent announcements from the Silicon Valley based company.
Tim Cook Shares ,With PM Modi, Apple’s future Plans In India
[New Delhi]Tim Cook Shares ,With PM Modi, Apple’s future Plans In India
The CEO of Apple Inc., Mr. Tim Cook, called on the Prime Minister Of India Narendra Modi today.
Congratulating the Prime Minister on the recent election results, Mr. Cook talked about his visit to India, and said he had been received with great warmth. He spoke about his visit to different parts of the country, and his meetings with people including youth, business leaders, and film actors. In particular, he mentioned his visit to the Siddhivinayak Temple in Mumbai, and watching a cricket match. The Prime Minister, appreciating Mr. Cook, said that in India, ‘seeing is believing’ and added that these experiences would definitely steer Mr. Cook’s business decisions.
Cook shared Apple Inc.’s future plans for India. He spoke of the possibilities of manufacturing and retailing in India.
He appreciated the breadth of young talent in India, and said the youth have significant skills which Apple would like to tap. He mentioned the immense potential for ‘app-development’ that exists in the country. He also elaborated on the Map Development Centre that Apple Inc. is setting up in Hyderabad. He appreciated the Prime Minister’s initiatives in ‘ease of doing business.’
Cook also appreciated the Prime Minister’s initiatives for renewable energy.
He said Apple runs on 93 % renewable energy, and spoke of plans to move Apple’s entire supply chain to renewable energy. Delegation members accompanying . Cook also spoke of their experiences in rural Rajasthan, where several villages have recently been electrified, and women are being skilled to assemble and operate solar energy equipment. Both Mr. Cook and the Prime Minister shared some unique stories of entrepreneurship that they had come across in app-development and renewable energy.
The Prime Minister explained his Digital India initiative, and identified three key objectives of Digital India as
e-education,
Health and
Increasing farmers’ incomes.
He sought support from Apple in furthering these objectives.
Issues regarding cyber-security and data encryption also came up for discussion. The Prime Minister encouraged Mr. Cook to help the global community to cope with the challenges of cyber-crime.
Mr. Tim Cook also launched an updated version of the ‘Narendra Modi Mobile App.
Photo Caption
The Apple CEO, Mr. Tim Cook calls on the Prime Minister, Shri Narendra Modi, in New Delhi on May 21, 2016.
Indian-American Cos Fined $ 187,000 for Violating H-1B Visas Rules
[Washington,]Indian-American Cos Fined $ 187,000 for Violating H-1B Visas Rules
Two companies ,owned by an Indian-American, have been ordered to pay USD 103,000 in fines to the federal government and USD 84,000 in back wages to its employees carrying H-1B visas.
Scopus Consulting Group + Orian Engineers owned by Kishore Kumar, bring workers from India and other countries on H-1B visas to employ them as software engineers for Silicon Valley firms such as eBay+Apple + Cisco Systems.
During investigations, US Department of Labor Wage and Hour investigators found that the two companies violated the H-1B provisions of the Immigration and Nationality Act by misrepresenting the prevailing wage level on the Labor Condition Applications required by the act,
As per Reports Both firms have been debarred from H-1B program participation for one year
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