'$18 trillion unaccounted black money stashed in tax havens'

Last Updated: Friday, January 23, 2015, 20:49

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.

Jack Ma wants Alibaba to surpass Walmart in 10 years

Last Updated: Friday, January 23, 2015, 20:47

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.

WEF gets formal status in Switzerland as int'l institution

Last Updated: Friday, January 23, 2015, 20:44

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.

Davos gets snowfall; Delegates rush for chai-samosa

Last Updated: Friday, January 23, 2015, 19:54

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.

Arun Jaitley hints at not raising tax rates, sops for manufacturing

Last Updated: Friday, January 23, 2015, 19:04

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.

Robust growth should have large impact on the poor: World Bank

Last Updated: Friday, January 23, 2015, 18:43

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.

Who's afraid of China's economy slowing? Not Alibaba's Jack Ma

Last Updated: Friday, January 23, 2015, 18:39

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.

Indian tortoise can grow faster than Chinese hare: Roubini

Last Updated: Friday, January 23, 2015, 17:30

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.

REITs will be 'booster rocket' for investments: JLL India chief

Last Updated: Friday, January 23, 2015, 16:49

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.

After Jan Dhan, India eyes renewal energy world record

Last Updated: Friday, January 23, 2015, 14:36

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.

Banks' asset quality to improve with eco growth: ICICI chief

Last Updated: Friday, January 23, 2015, 14:27

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.

More monetary easing by RBI expected if inflation remains low

Last Updated: Friday, January 23, 2015, 14:00

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.