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 March-April 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 CNBC-TV18'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 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...
  • Studying India's conditions on FDI: Walmart January 24, 2013

    Davos: 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. 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'. ...
  • Coca-Cola pledges $ 100,000 for projects by young people January 22, 2013

    Davos: Beverages 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. 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...
  • 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 Africa-based 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 left-wing group the Berne Declaration, went to the world's third-largest 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 28, 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 biggest-ever 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 co-founder's...
  • After Davos its Riyadh for talks on global economy January 28, 2010

    Hundreds of world leaders and business giants are gathered in Switzerland this week for the World Economic Forum. But the talks on the global economy don't stop there. In the same week, many of those leaders head to Saudi Arabia for another forum on global competitiveness. ...
  • Business warns regulation may crimp recovery January 27, 2010

    Davos, Switzerland: Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s. The worried response to US President Barack Obama's plans to tax and curb big banks, came on the opening day...
  • Economic recovery, booming China top Davos debate January 27, 2010

    Davos, (Switzerland): The risks of an uneven global economic recovery — powered by a booming China and held back by unemployment in the US and other wealthy nations — dominated the agenda on Wednesday as the World Economic Forum opened in the Swiss Alps. The five-day gathering of movers and shakers...
  • Davos meet to discuss future of global economy January 27, 2010

    Davos: The 40th annual World Economic Forum begins in Davos on Tuesday with world's top economists and business leaders meeting under the shadow of the Haiti tragedy. They will discuss on how to create a modern economic system that cares for the poor. The economists and businessmen are expected tackle banking...
  • Amitabh bags World Economic Forum award February 1, 2009

    New Delhi: Bollywood superstar Amitabh Bachchan was honoured by the World Economic Forum for outstanding excellence in art. The Crystal Award was conferred on the veteran actor at a ceremony at Davos, Switzerland on Saturday. Noted Kuchipudi and Bharatnatyam dancer Mallika Sarabhai was also hnoured for outstanding excellence in the field...
  • Govt promises substantial stimulus in next Budget February 12, 2009

    Davos: Fiscal stimulus in India figured prominently in the global meet of world political and business leaders here with an assertion that if the UPA Government comes back to power there will be a "substantial" package in the next Budget. "The real Budget will be presented by the Government after the...
  • Wipro sees slowdown | Tata slips into losses February 1, 2009

    Davos, Switzerland: India's No 3 software services exporter, Wipro Ltd, expects demand for new software and systems to stagnate for up to two years as a result of the global economic slowdown, a top executive said on Saturday. In response, Wipro plans to focus on providing operations services and...
  • India's economy to grow at 7.5 per cent: Kamal Nath January 30, 2009

    Davos: At the World Economic Summit in Switzerland, India's Commerce Minister Kamal Nath has projected that despite battling job losses, India's economy will see an annual growth of 7.5 per cent. At the summit of the world's leaders, Nath said, "India is taking a hit but we continue on our...
  • World battles economic meltdown, India in denial January 30, 2009

    The world is in the throes of an economic crisis. Russian President Vladimir Putin has said the current economic crisis is like the perfect storm when the elements gang up for maximum lethal impact. The International Labour Organisation says that 51 million jobs in the world economy could disappear this year....
  • Only political effort can help end recession January 29, 2009

    The World Economic Forum has started in Davos. Over 2,500 participants from 96 countries including top business and political leaders are attending the forum and their main aim is to tackle the global meltdown. CNN's Charles Hudson speaks to CNN-IBN about the forum. CNN-IBN: Davos traditionally has attracted the cream of...
  • Leaders meet in Davos for World Economic Forum January 27, 2009

    Davos (Switzerland): Business leaders are meeting at the World Economic Forum for their annual summit in Davos, Switzerland. Last year, it was all about predicting a slowdown. This year, advanced economies find themselves in the icy grips of recession. ...
  • Wipro rubbishes reports of IT industry slowdown January 27, 2008

    Davos: Worries over the impact of a US slowdown on India's software services sector are exaggerated and Wipro's clients are showing no signs of reducing outsourcing, it's top official said. "I don't think it's a situation of gloom for the industry. I think it's a situation of cautiousness for the...