Davos

He did not give a timeline for his departure from the organisation, but the WEF said in a statement to the FT that the process should be completed by January 2027

Multi-tier supplier networks, higher product variability and evolving customer needs make it increasingly difficult to maintain end-to-end visibility and operational efficiency, Chakri said

Foreign portfolio investors have withdrawn more than $31 billion from Indian equity markets since October, provisional exchange data shows

The global mining sector requires an estimated investment of USD 1.7 trillion to facilitate energy transition, Hindustan Zinc's (HZL)Chairperson Priya Agarwal Hebbar has said. "For the energy transition to happen successfully...we need $1.7 trillion in mining investment. We see an opportunity in India. India is in a sweet spot where it can thrive in this sector," she said. At the recently held World Economic Forum in Davos, Hebbar addressed the critical topics surrounding the global energy transition on multiple occasions. She spoke about the importance of critical minerals, the future of climate action strategies, embedding sustainability across the value chain, prioritising women's health and driving India's workforce revolution. She was amongst the few Indian women entrepreneurs representing Vedanta and Hindustan Zinc at the esteemed forum, where industry stalwarts, political leaders, academicians and scholars create dialogues with the mission to improve the state of the world.

As the five-day World Economic Forum Annual Meeting ended on Friday, Indian leaders said they could see trust for India in eyes of all global leaders and that was reflected in investment commitments totalling over Rs 20 lakh crore with Maharashtra grabbing the biggest pie of almost 80 per cent. Union minister Ashwini Vaishnaw, who led the largest ever Indian delegation of five Union ministers and several leaders from states including three chief ministers, said trust and talent are the biggest factors attracting the world to India. All states and central government departments shared space for the first time at two India Pavilions and a joint press conference was held for the first time by state and Union ministers, coming from half a dozen different parties to put up a unified 'Team India' face. "We are in Davos at a very important juncture in our global geopolitical and geo economic scenario. Despite all the disruption and all the issues the world is facing, India has emerged as a

The European Central Bank's president responded Friday to US President Donald Trump's accusation of unfair trade treatment by the European Union by calling for negotiations and mutual respect rather than a focus purely on trans-Atlantic trade figures. The comments by Christine Lagarde alluding to a US-EU rift offered a fitting final note at the World Economic Forum's weeklong meeting: Trump's return to the White House on Monday was on everyone's lips, overshadowing traditional Davos talk about issues like climate change, free trade and economic development. Many business leaders, world-class academics, top government officials and other elites on hand sought to cast an upbeat tone about economic prospects, efforts to end wars in places like Ukraine and the Middle East, and technological progress. Some human rights advocates insisted that the poor, war victims and struggling migrants shouldn't be forgotten. Trump talks tariffs Trump, in an video address and question-and-answer sess

Describing 'trust and talent' as the two most important factors, senior Union Minister Ashwini Vaishnaw said here that global companies are very enthused about India, with existing players planning to scale up and several new ones wanting to set shop in the country. The Minister for Railways, Information and Broadcasting, and Electronics and Information Technology said many new semiconductor players have also shown their interest while his ministry has also taken up the task of making new chipsets, which would be designed and fabricated in India and would be of use for multiple sectors. Speaking to PTI here during the World Economic Forum Annual Meeting, Vaishnaw also said that India is set for a leadership role in the area of artificial intelligence. Asked about the biggest factor attracting investors towards India, he said, "There are multiple factors. There was a time when people used to evaluate a destination only on the basis of cost. But the first factor in any evaluation toda

Manchester United is exploring the prospect of bringing global standards of football training to Tamil Nadu

US President Donald Trump on Thursday said a golden age of America has begun with his second term and the entire world would soon be more peaceful and prosperous. He also said he is going to ask Saudi Arabia and OPEC to bring down oil prices and asserted that if prices come down Russia-Ukraine war will end immediately. Addressing the World Economic Forum Annual Meeting here through video conferencing, Trump also said his administration has accomplished in four days what other regimes could not get in four years. Inauguration of his second presidency took place on January 20, the same day when the five-day WEF Annual Meeting began. "A golden age of America has begun, our country would be soon stronger, united and more wealthier than ever," he said. The entire planet will be more peaceful and prosperous as a result of this, he said while talking about the measures he has already announced and the further steps he will be taking going ahead in his second term. My administration is a

Maharashtra Chief Minister Devendra Fadnavis on Thursday said 61 MoUs have been signed during his visit to the World Economic Forum in Davos entailing investment of Rs 15.70 lakh crore and having the potential to provide 16 lakh jobs in the state. The annual five-day meeting of the WEF is underway in Davos, Switzerland from January 20. CM Fadnavis is attending the meeting with a state delegation. Interacting with reporters via Zoom link from Davos, he said seven of these MoUs were strategic partnerships for knowledge in mobility and education and not investment. All the MoUs have 98 percent FDI component in the field of infrastructure, green energy, electronics, IT, steel, defence, textiles ,solar, biotechnology, pharma, among others, the CM added. Memorandums of Understanding worth Rs 6 lakh crore pertain to Mumbai Metropolitan Region (MMR) and Pune, Rs 5 lakh pertains to Vidarbha, Rs 30,000 crore to north Maharashtra, and Rs 20-25000 is for Marathwada, which is emerging as a ...

Shiv Sena (UBT) leader Aaditya Thackeray on Thursday targeted the Devendra Fadnavis-led Maharashtra government, saying that of the 29 investment MoUs signed on the sidelines of the World Economic Forum (WEF) in Davos, only one company is from outside India. The annual five-day meeting of the WEF is underway in Davos, Switzerland from January 20. CM Fadnavis is attending the meeting with a state delegation. In a post on X, Thackeray said the Davos trip of CM Fadnavis seems to be "totally misaligned" by his office. "Out of the MoUs for proposed investment signed with 29 companies, only 1 is from outside of India. The rest are all Indian or having HQs/bases in India," he said. "Of the 29 companies, 20 are based in Maharashtra, 15 of which are in Mumbai where the @CMOMaharashtra is located," the MLA from Worli in Mumbai said. The state government has said that some 54 MoUs were inked in Davos until Wednesday with an investment of Rs 15.70 lakh crore. Taking a dig at Deputy Chief ...

Notably, the chip was supposed to be launched in December 2024, as announced by Ashwini Vaishnaw at the Davos summit in January last year

Day marks talks on challenges that AI poses to societies, economies

India's No.2 software services exporter is one of several IT companies that use 'pyramid' model - where a company employs highest number of staff at entry level, and fewer at each subsequent levels

Maharashtra has adopted a 360-degree approach in attracting investments with several focus sectors ranging from manufacturing to technology to data centres to healthcare to clean energy, Chief Minister Devendra Fadnavis said here. Fadnavis, who arrived in this ski resort town to attend the World Economic Forum Annual Meeting, told PTI that he has several meetings lined up with potential for fruitful results in terms of investments in his state. "I started my Davos visit with a meeting with World Economic Forum Founder and Chairman Klaus Schwab where we discussed collaboration between WEF and Maharashtra," he said. "We also discussed clean energy, electric vehicles and several other new-age industries. I'm holding a number of bilateral meetings here, including for potential investments in Maharashtra," he said. Fadnavis also inaugurated the Maharashtra pavilion which will host several potential and existing investors in the state. He was also present for the inauguration of one of

In 1999, World Link, a magazine published by the WEF, included Naidu, then chief minister of undivided Andhra Pradesh, in its global "dream cabinet"

Behind the rhetoric of big themes, Davos is undoubtedly known for the opportunities it offers for behind-the-scenes deal-making

Putting aside their party affiliations, the Centre and states have come together in this skiing resort town, at least in terms of the space for their respective pavilions. Two India pavilions, just a few blocks apart on the same side of the famous Promenade street, together house all lounges and meeting rooms for the union ministers, central government departments and state governments. One has got pavilions of Kerala, Telangana, and Uttar Pradesh. Apart from the delegation from these states, the second one has pavilions of Andhra Pradesh, Maharashtra and Tamil Nadu. Both pavilions will also host five union ministers at different times, while the Department for Promotion of Industry and Internal Trade (DPIIT) and Invest India are also present -- the two agencies handling most of the country's presence here. Industry body CII is also present with a large delegation of CEOs and other business leaders. Among states, Kerala is ruled by the Left Front, Telangana by Congress, Uttar Prad

Incoming US Prez expected to speak virtually with WEF audience, likely to talk about his economic plans

Not only that, CMs like Devendra Fadnavis, Chandrababu Naidu, and Revanth Reddy are also expected to hard-sell their states at the grand venue