Obama Gives Wings to US Dreams of Desi Startups

In Apr, US Chief executive Barack Obama finalized a law to learn properly for small American businesses to raise capital. Many Indian indigenous online companies are now preparing to take advantage of the so-called ‘JOBS’ Act and the looser rules regulations it has permitted to list on an American stock exchange.

“These changes have caught the attention in Indian among infamous project traders looking for leaves and founders eager to encash value in their companies. The passage of the JOBS Act has prompted us to file for listing in the US over the next year,” he said.

“Since the announcement of the JOBS Act, two of the companies we advise – one technology and a non-technology venture – have both initiated their listing process overseas,” said Yogesh Shah, a partner at visiting firm Grant Thornton.

Flipkart, InMobi too Mull listing

Other companies analyzing a US list are InMobi, a technological service provider for mobile promotion that brought up $200 million from Japan’s Softbank last year, and Flipkart, which received an infusion of up to $150 million from initial investors Tiger Global and Accel Partners.

MakeMyTrip’s discuss purchase was the last IPO by an indian company in the US, after those of Genpact and WNS Holdings. Flipkart and InMobi dropped comment.

“The key advantage in my view is the confidential filing which means that unlike in the past financial data can remain confidential till three weeks before the filling date,” said Dhruv Shringi, founder of online travel company Yatra.com.

“US markets have always given better value and premium for technology companies and now the Act makes it far easier for companies overseas to list in America,” said Kanwal Rekhi, founder of Inventus Capital, an quick step fund that has insured start-ups such as online ticketing firm RedBus.

Independence Day in United States

Independence Day is celebrated in United States on 4^th July.  It was commonly called as Fourth of July. It is a federal holiday in the United States salvo the adoption of the declaration of independence on July 1776, announced Independence from the kingdom of Great Britain. It is commonly associated with fireworks, parades, carnivals, fairs, concerts, family reunions, political speeches and ceremonies etc. It is the anniversary of the publication of the announcement of independence from Great Britain in 1776.

How To Celebrate Independence Day:

It is the national day of United States. Independence Day celebrations often take place outdoors. There are many non-essential institutions closed in that day (like postal services and federal courts). It is a day of family celebrations with picnics and barbecues, and showing a great offer of emphasis on the American of political freedom. The decoration of flag colored with red, blue and white.  There are many patriotic songs often accompanied such as “The Star-Spangled Banner”, “America the Beautiful”, “God Bless America”.

Symbol:

How to celebrate Independence Day in a letter from John Adams to his wife Abigail on July 3, 1776. He showed “pomp and parade, with shows, games, sports, guns etc. throughout the united states. The most important symbol of this patriotic day is the National flag. The design of the American Flag is displayed in all the possible ways mostly in front of the houses and buildings.