Coal auction to generate over $100 billion for states: Goyal

Last Updated: Saturday, January 24, 2015, 16:23

Asserting that investors have no concern about ordinance route being adopted for coal auction, Coal and Power Minister Piyush Goyal said the entire process would generate over USD 100 billion in royalties and auction proceeds for various states.

Mood upbeat about India, time to show action on ground: Kotak

Last Updated: Saturday, January 24, 2015, 16:17

Enthused by the upbeat mood visible about India here at World Economic Forum, eminent banker Uday Kotak said investors now want to see some real action on the ground.

India story strong, states need to do their bit: Gurnani

Last Updated: Saturday, January 24, 2015, 16:10

Impressed with the euphoria about India here at WEF summit, IT industry leader C P Gurnani on Saturday said a lot will depend on the individual states to ensure that this upbeat interest among foreign investors translates into real investment flows.

Going digital no more an option but a necessity now: TCS chief

Last Updated: Saturday, January 24, 2015, 16:00

Betting big on the 'Internet of Things' as the third major wave in technology space, IT major TCS' chief N Chandrasekaran has said that going digital was no more an option, but a default now.

Davos bosses fret over threats to Internet free trade

Last Updated: Friday, January 23, 2015, 23:03

Business leaders pushing for frictionless free trade have something new to worry about: the potential break-up of the Internet, which today forms the backbone of the global economy.

Mood extraordinarily upbeat about India: Tech Mahindra CEO

Last Updated: Friday, January 23, 2015, 22:59

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.

John Kerry calls for global collaboration to fight terror

Last Updated: Friday, January 23, 2015, 22:41

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.

Low oil prices can help cut energy subsidies worth $2 trn: IMF

Last Updated: Friday, January 23, 2015, 22:18

With oil prices touching "rock bottom", there is an opportunity for countries to cut energy subsidies worth USD 2 trillion, International Monetary Fund's chief Christine Lagarde said Friday.

193 'protesting snowmen' catch attention of WEF delegates

Last Updated: Friday, January 23, 2015, 22:03

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.

'$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.