Mood extraordinarily upbeat about India: Tech Mahindra CEO
With Indian government making efforts to attract investments and improve ease of doing business, the mood is "extraordinarily upbeat" about India among global CEOs and top leaders at the World Economic Forum, says Tech Mahindra chief C P Gurnani.
Jan 23, 2015, 22:59 PM IST
John Kerry calls for global collaboration to fight terror
Calling on the world to join hands to defeat terror groups, US Secretary of State John Kerry Friday said this fight would ultimately be decided in classrooms and not in battlefields, as he recalled Mumbai while listing out places where terror strikes have taken place since 9/11.
Jan 23, 2015, 22:41 PM IST
193 'protesting snowmen' catch attention of WEF delegates
Campaigners at the WEF in Davos have created a field of 193 "protesting snowmen", each representing a nation, to demand action on poverty, inequality and climate change.
Jan 23, 2015, 22:03 PM IST
'$18 trillion unaccounted black money stashed in tax havens'
A staggering USD 18 trillion worth unaccounted money is stashed in tax havens and ploughing back that amount into the global economy can help lift people from poverty, says Oxfam.
Jan 23, 2015, 20:49 PM IST
Jack Ma wants Alibaba to surpass Walmart in 10 years
Looking to provide a platform to millions of small businesses globally, Alibaba's founder Jack Ma wants his e-commerce company to surpass brick-and-mortar retail giant Walmart in sales in next 10 years.
Jan 23, 2015, 20:47 PM IST
WEF gets formal status in Switzerland as int'l institution
The World Economic Forum (WEF) Friday gained a 'formal status' in Switzerland, confirming the role of non-profit organisation as an international institution for public-private cooperation.
Jan 23, 2015, 20:44 PM IST
Davos gets snowfall; Delegates rush for chai-samosa
As this ski resort town got a fresh coat of snow -- the first in four days since the annual WEF summit began on Tuesday -- it was a mad rush for masala chai and hot Indian snacks at 'Make In India' lounge.
Jan 23, 2015, 19:54 PM IST
Arun Jaitley hints at not raising tax rates, sops for manufacturing
Hard selling India to global investors at the World Economic Forum here, Jaitley also promised a stable tax regime that will not come up with unreasonable demand and change taxes retrospectively.
Jan 23, 2015, 19:04 PM IST
Robust growth should have large impact on the poor: World Bank
Emphasising that policies need to be "people centric", top officials of global agencies Friday said that robust growth should have a large impact on the poor and help in eradicating poverty.
Jan 23, 2015, 18:43 PM IST
Who's afraid of China's economy slowing? Not Alibaba's Jack Ma
Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holding, isn`t worried about slowing Chinese economic growth, he told a meeting of business and political leaders in Davos, Switzerland.
Jan 23, 2015, 18:39 PM IST
Indian tortoise can grow faster than Chinese hare: Roubini
India has the potential to overtake China in terms of growth rate in the coming years, provided it implements reforms in a big way, noted economist Nourel Roubini said Friday.
Jan 23, 2015, 17:30 PM IST
REITs will be 'booster rocket' for investments: JLL India chief
The real estate investment trusts will be a "booster rocket" for investments coming into the country and realty players are awaiting more clarity on the proposed new instrument, according to JLL India's Chairman and Country Head Anuj Hari.
Jan 23, 2015, 16:49 PM IST
After Jan Dhan, India eyes renewal energy world record
Having set a world record with fastest roll-out of its financial inclusion scheme 'Jan Dhan', the government expects its ambitious power sector programme to create more such records, including by making India the world's largest destination for renewable energy.
Jan 23, 2015, 14:36 PM IST
Banks' asset quality to improve with eco growth: ICICI chief
As the Indian economy gathers momentum, it will reflect in banks' asset quality while the issue of over-leveraging by corporates is also expected to get corrected going ahead, top banker Chanda Kochhar said.
Jan 23, 2015, 14:27 PM IST
More monetary easing by RBI expected if inflation remains low
Reserve Bank is expected to come out with more monetary easing in the coming months if inflation remains in the comfortable zone, top private sector lender ICICI Bank's chief Chanda Kochhar said.
Jan 23, 2015, 14:00 PM IST
Hindujas only Britons in world's top 80 billionaires list
With an estimated wealth of nearly 14 billion dollars, India-born Hinduja brothers have now emerged as the only British names on the list of world's top 80 billionaires dominated by Americans.
Jan 23, 2015, 13:43 PM IST
Tax revenue growth good, divestment programme on track: Jaitley
Jaitley also said that the government's tax revenue collections have been good, although refunds for past periods are making an impact.
Jan 23, 2015, 13:30 PM IST
India, US may reach consensus on top priority areas: Jaitley
Ahead of US President Barack Obama's India visit, Finance Minister Arun Jaitley said the two countries should be able to reach consensus on areas that are of top priority for cooperation between them.
Jan 23, 2015, 13:23 PM IST
Larger consensus must for rethink on retail FDI: Jaitley
Jaitley maintained that the BJP's position remains the same on multi-brand retail FDI and his position was also the same.
Jan 23, 2015, 13:17 PM IST
Ongoing reforms much more than 'big-bang', says Jaitley
Finance Minister Arun Jaitley said the sum-total of the reform measures and other policy initiatives already taken would be much more than "the big bang".
Jan 23, 2015, 13:03 PM IST
