DAVOS

  • India to have steady GDP growth in next 3 yrs, BRICS on rebound mode January 24, 2014

    The global financial crisis, had hit the BRICS (Brazil, Russia, India, China and South Africa) economies, but these countries are likely to rebound, with India likely to clock "steady" GDP growth in next three years. According to leaders of these economies who were speaking at a session at the 44th World...
  • AirAsia promises low fares in India; expects launch in MarchApril January 23, 2014

    Davos: Hopeful of launching flights in India in next two to three months, AirAsia chief Tony Fernandes has said that the airline would introduce 'dramatically' low fares in the country, which would be cheapest in the market and take air travel to masses. Fernandes, who is in Davos for World...
  • AAP a talking point at the World Economic Forum in Davos January 23, 2014

    Davos: The Aam Aadmi Party is a talking point even at the World Economic Forum in Davos. Talking to CNBCTV18's Menaka Doshi, Vice Chairman of Kotak Mahindra Bank Uday Kotak said that movements like the AAP make existing players uncomfortable. "Whenever a movement happens, it gets people very uncomfortable. There...
  • Confident of revenue growth: Indian CEOs at World Economic Forum January 22, 2014

    Nearly half of the Indian CEOs surveyed are "very confident" about revenue gains for their companies in the next 12 months, even as they cited availability of skilled talent and corruption as major business threats, as per a PwC study. According to PwC's 17th Annual Global CEO survey, released by World...
  • WEF offers platform to project Mumbai as top intenational financial centre: Assocham January 21, 2014

    As the World Economic Forum Annual Meeting begins in Davos on Tuesday, leading Indian chamber Assocham's President Rana Kapoor has sought to utilise this opportunity to project the potential of Mumbai as a top International Financial Centre. There have been many efforts in the past to develop Mumbai into an IFC,...
  • Do not relax: IMF chief to world leaders January 26, 2013

    Davos: In order to keep up the recovery momentum in the world economy, International Monetary Fund chief Christine Lagarde on Saturday asked countries and their leaders to follow the 'do not relax' principle and not let complacency come into their efforts. "I will pursue with 'do not relax' principle. The...
  • India is a shining star, will emerge stronger in 1 yr: Scindia January 25, 2013

    Davos: Asserting that India was a "shining star" with a growth rate of 6.5 per cent, which not many countries can boast of, Union Minister Jyotiraditya Scindia on Friday said the country would emerge as a stronger economic force in next one year on the back of continuing reforms. The...
  • India assures full support to Walmart, Tesco January 24, 2013

    Davos: India on Thursday assured global retail giants Walmart and Tesco that it will hand hold them for their entry into the just opened multibrand retailing in the country. The assurance was given by Commerce and Industry Minister Anand Sharma to the heads of the two retail giants in separate...
  • Studying India's conditions on FDI: Walmart January 24, 2013

    Davos: USbased global retail giant Walmart on Thursday said it is studying the conditions related to India's allowing foreign direct investment in multibrand retail before making the final announcement on its entry plans. Walmart International CEO Doug McMillon met Commerce and Industry Anand Sharma on the sidelines of the annual...
  • World Economic Forum kicks off in Davos January 23, 2013

    More than 1500 world leaders have reached Davos to attend the annual World Economic Forum. The theme for the summit this year is 'resilient dynamism'. ...
  • CocaCola pledges $ 100,000 for projects by young people January 22, 2013

    Davos: Beverages giant CocaCola on Tuesday announced $ 100,000 fund for a WEF initiative aimed at helping young people take action on issues they care about in more than 200 cities worldwide. The Global Shapers Community, set up by the World Economic Forum in 2011 with the aim of engaging...
  • We need simple, direct laws May 24, 2012

    Sadhguru Jaggi Vasudev The Man: The founder of Isha Foundation loves his motorbikes, is as comfortable in jeans as in yogic garbs, and competes with businessmen on the golf course. His methods for self transformation are drawn from tradition. A regular speaker at the annual World Economic Forum at Davos. He...
  • 'Education system driving young to be mundane' January 29, 2012

    Davos: Nobel laureate Muhammad Yunus on Sunday blamed the education system for driving the young to be very mundane and detracting them from pursuing social objectives. Speaking at the World Economic Forum, he said that money is now the king, becoming an "intoxication in the system". "We don't have in our...
  • Topless protesters detained at Davos forum January 29, 2012

    Davos: Three topless Ukrainian protesters were detained on Saturday while trying to break into an invitationonly gathering of international CEOs and political leaders to call attention to the needs of the world's poor. Separately, demonstrators from the Occupy movement marched to the edge of the gathering. After a complicated journey to...
  • Gilani wants India to share info to combat terror January 28, 2012

    Davos: Prime Minister Yousuf Raza Gilani on Saturday refused to be drawn out on the issue of another Mumbailike attack originating from Pakistani soil but said India should share any information it has on terrorist activities so that they can be countered by his government. Gilani described his Indian counterpart Manmohan...
  • Skill shortage hurts hiring in Europe: Infosys January 28, 2012

    Davos: Infosys, India's second largest software services exporter, aims to expand its workforce in Europe, but is having trouble finding the computer science graduates it needs, the head of its European operations said on Friday. "The biggest problem for us with regard to hiring is that there aren't enough people who...
  • US seeing high levels of poverty and inequality: Geithner January 27, 2012

    Davos: In a candid admission of the problems plaguing the world's largest economy, US Treasury Secretary Timothy Geithner said on Friday the country was seeing "very high levels of poverty and inequality". Geithner's comments at the World Economic Forum (WEF) annual meeting in Davos came on a day when the US...
  • China a 'formidable challenge to global trading' January 27, 2012

    Davos: China is keeping its currency below its fair value and it represents a "formidable challenge" to the global trading system, US Treasury Secretary Timothy Geithner said on Friday. Sharply criticising the Communist giant's stateled economic system, Geithner said, "China does represent a really unique and formidable challenge to the...
  • EU for tighter discipline to save euro January 27, 2012

    Davos: The ice appeared to be melting over tackling euro crisis at the Swiss alpine resort with the leaders of several European nations agreeing to press for tighter rules and greater fiscal prudence to keep the common currency afloat. The urgency to introduce fiscal discipline and hope that the euro crisis...
  • Mood at Davos cautious but not as bad as 2008: Mittal January 27, 2012

    The Indian economy is looking up but investments are yet to pick up pace says Bharti Airtel Chairman Sunil Bharti Mittal. ...
  • India Inc thrives in boom and doom: PwC January 26, 2012

    Davos: Challenging economic conditions abroad are unlikely to affect the dealmaking appetite of Indian companies as they are experts in closing deals both in the times of "boom and doom", consultancy giant PwC India Chairman Deepak Kapoor has said. "Indian companies know how to do a deal in boom and also...
  • Corruption is a major concern: Azim Premji January 25, 2012

    New Delhi: The fiveday World Economic Forum (WEF) kicks off at Mountain Resort Davos in Switzerland from Tuesday. Wipro Chairman Azim Premji who is one among the delegates said that corruption is a concern. Speaking to CNBC TV18 Corporate Affairs Editor Menaka Doshi , Premji said stemming corruption is crucial...
  • Davos: Financial fragility and igloo protests January 24, 2012

    Davos: An igloo protest camp sprouting up amid $500anight hotels and security cordons at the Swiss resort of Davos seems to serve a warning to the world's rich and powerful gathering in Davos: Beware, or you might be sleeping in the snow next year, too. In many countries, prospects for prosperity...
  • WEF begins: Is the economy ahead of curve? January 24, 2012

    CNN's Richard Quest speaks to World Economic Forum founder Dr Klause Schwab about the big challenge for heads of state and industrialists. ...
  • Permanent statue of Mahatma Gandhi at Davos February 10, 2011

    New Delhi: Spurred by the popularity of Mahatma Gandhi at the recent World Economic Forum, which displayed statues of the Indian leader at various venues, the Davos city council has approved setting up a permanent Gandhi monument there. "Indian artists Ram Sutar and Anil Sutar are working with 'The Itinerant Museum...
  • Prize for worst company awarded at Davos January 29, 2011

    Davos: Campaigners awarded a prize for corporate malfeasance on Friday to South Africabased gold miner AngloGold Ashanti for its operations in Ghana as top executives met at the World Economic Forum. The award, organised by Greenpeace and Swiss leftwing group the Berne Declaration, went to the world's thirdlargest gold mining...
  • AR Rahman honoured at WEF, Davos January 27, 2011

    Davos (Switzerland): A day after he won two Academy award nominations, Indian musician AR Rahman was honoured with the Crystal Award at the World Economic Forum. This award honours those artists who use their fame to give back to the society. Rahman also shared his thoughts, on how world could...
  • Inflation, poverty spoil Govt's growth plan: Mittal January 27, 2011

    Sunil Mittal talks exclusively to Network 18 at Davos about Govt's plans and problems. ...
  • India at Davos: jobs, rising prices on agenda January 27, 2011

    New Delhi: Rising commodity prices, global economic risks and increasing unemployment are the issues that have made headlines at the World Economic Forum at Davos. About 2,500 global leaders are attending the summit and India is fielding its biggestever delegation of 125 CEOs and senior ministers like Home Minister P...
  • Bill Gates promises $10 billion for vaccines January 29, 2010

    Davos, (Switzerland): Bill and Melinda Gates said on Friday they would spend $10 billion over the next decade to develop and deliver vaccines, an increased commitment that reflects progress in the pipeline of products for immunising children in the developing world. Over the past 10 years, the Microsoft cofounder's...