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. ...
07:47 PM, Jan 26, 2013
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. ...
04:40 PM, Jan 25, 2013
India on Thursday assured global retail giants Walmart and Tesco that it will hand hold them for their entry into the just opened multi-brand 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 meetings on the sidelines of the annual World Economic Forum conference in Davos. ...
09:22 PM, Jan 24, 2013
US-based global retail giant Walmart on Thursday said it is studying the conditions related to India's allowing foreign direct investment in multi-brand retail before making the final announcement on its entry plans. ...
08:20 PM, Jan 24, 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'. ...
10:59 AM, Jan 23, 2013
everages giant Coca-Cola 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. ...
09:42 PM, Jan 22, 2013
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 says that businesses need to be governed by a simple set of rules where everyone knows what can be...
11:29 AM, May 24, 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 education system that vision which directs what we want to be, what we want to see the world to...
08:19 PM, Jan 29, 2012
Davos: Three topless Ukrainian protesters were detained on Saturday while trying to break into an invitation-only 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 reach the heavily guarded Swiss resort town of Davos, the Ukrainians arrived at the entrance to the complex where...
09:00 AM, Jan 29, 2012
Davos: Prime Minister Yousuf Raza Gilani on Saturday refused to be drawn out on the issue of another Mumbai-like 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 Singh as a "genuine person" who is desirous of resolving all issues with Pakistan, including the "core issue of...
09:03 PM, Jan 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 want to study computer science in Europe and the UK," said BG Srinivas, head of European operations at Infosys....
09:27 AM, Jan 28, 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 government data showed that the country's economy grew 2.8 per cent in the last three months of 2011. "(There...
10:03 PM, Jan 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 state-led economic system, Geithner said, "China does represent a really unique and formidable challenge to the global trading system because the structure of its economy... is overwhelmingly dominated by the state." Chinese trade practices, including subsidies...
09:11 PM, Jan 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 would be resolved sooner than later was expressed by leaders of various smaller European countries at the meeting of...
05:24 PM, Jan 27, 2012
The Indian economy is looking up but investments are yet to pick up pace says Bharti Airtel Chairman Sunil Bharti Mittal. ...
07:48 AM, Jan 27, 2012
Davos: Challenging economic conditions abroad are unlikely to affect the deal-making 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 a deal in a doom scenario," Kapoor said on the sidelines of the World Economic Forum's Annual Meeting 2012...
02:10 PM, Jan 26, 2012
New Delhi: The five-day 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 to ensure development in all spheres. Here is an excerpt from the interview: CNBC: I think the events of the...
10:04 AM, Jan 25, 2012
Davos: An igloo protest camp sprouting up amid $500-a-night 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 are increasingly fragile. Trust in presidents and CEOs, and the systems they represent, is drying up. Uncertainty lurks for...
10:33 AM, Jan 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. ...
09:46 AM, Jan 24, 2012
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 of Art' to create a Gandhi monument for Davos to make the Mahatma the 'Spirit of Davos' as approved...
02:33 PM, Feb 10, 2011
