Page 3 - Davos

Manchester United likely to kick off its India journey from Chennai

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

Entire planet will be now peaceful, prosperous: Trump at WEF meet

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

Signed 61 MoUs entailing investment of Rs 15.7 trn at Davos: Fadnavis

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 ...

Of 29 MoUs signed in Davos, only 1 co from outside India: Aaditya Thackeray

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 ...

First 'Made-in-India' chip to now roll out in 2025, says Ashwini Vaishnaw

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

Central, state ministers unveil India Pavilion at WEF's Davos summit

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

Indian IT sector's talent management to evolve, says Infosys CTO at Davos

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 working with 360-degree approach on investments: CM Fadnavis

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

Young Indian leaders dominate WEF 2025, Andhra, Telangana lead delegations

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

India pitches for investments at Davos amid uneven domestic economic growth

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

States join hands with Centre to present India's united colours at WEF meet

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

India Inc lands in Davos as summit begins on Monday in Trump's shadow

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

Maharashtra to UP, states draw battle lines to woo investors in Davos

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

Tamil Nadu to launch #BullishOnTN brand campaign at Davos to woo investors

Tamil Nadu has been invited to WEF to help shape the global narrative on "Collaboration for the Intelligent Age." The state will be participating in three WEF sessions

Delegation of state ministers, CMs, CEOs to attend WEF Summit in Davos

At least three chief ministers -- Devendra Fadnavis, Chandrababu Naidu and Revant Reddy -- will join over 100 CEOs and other leaders from India in Davos next month for the World Economic Forum Annual Meeting 2025. Naidu will also be joined by his son and senior Andhra Pradesh minister Nara Lokesh, while Karnataka's Deputy Chief Minister D K Shivakumar, Tamil Nadu Minister T R B Rajaa and Uttar Pradesh minister Suresh Khanna will also be there for the five-day annual congregation in the Swiss ski resort town starting on January 20, 2025. Some senior Union ministers are also expected to attend the meeting, but their names are still being finalised. Those who attended the last WEF annual meeting from the central government included Ashwini Vaishnaw, Smriti Irani and Hardeep Singh Puri. Prime Minister Narendra Modi has also attended the meeting in the past, but there is no official word so far about his participation in the high-profile summit, for which the main theme this time would b

WEF to focus on 'collab for intelligent age', over 100 from India to attend

'Collaboration for the intelligent age' would be at the core of discussions when over 100 business and government leaders from India join their global counterparts at the World Economic Forum's Annual Meeting in January 2025. Expected to be attended by nearly 50 heads of states and governments from across the world, the annual meeting from January 20-24, 2025 would take place in the backdrop of a change of regime in the US and various geopolitical and macroeconomic issues including the Ukraine war and the continuing West Asia crisis. Besides Union ministers and civil society leaders, the Indian presence would be comprised of top executives of business conglomerates like Reliance, Tata, Adani, Birla, Bharti, Mahindra, Godrej, Jindal, Bajaj and Vedanta groups. Besides Mukesh Ambani and Gautam Adani, the next-generation leaders from their groups are also expected to be present, while technology leaders including Salil Parekh of Infosys, Rishad Premji of Wipro, as also Sumant Sinha of .

Karnataka signs MoUs worth Rs 23,000 cr at WEF meet: Minister Patil

Karnataka government has signed eight MoUs worth Rs 23,000 crore with global companies at the recently concluded World Economic Forum meet at Davos in Switzerland, Large and Medium Industries Minister M B Patil said on Wednesday. A Karnataka delegation, which he led, engaged in over 50 meetings with global industry leaders in Davos. "Karnataka successfully signed eight MoUs worth Rs 23,000 crore with global companies. Noteworthy agreements include Web Werks' Rs 20,000 crore investment for a hyper-scale data centre and Microsoft's commitment to digital skilling interventions," Patil told reporters here. The Minister said Hitachi signed an MoU to "stimulate" economic growth in Karnataka, particularly focusing on rural areas. The partnership with emphasis on developing sectors such as healthcare, education, and Panchayat E-Governance aims to create more opportunities and employment for the people of the state, Patil said. Further, MoUs have been signed by five companies across sector

Global cos at WEF view India as attractive investment spot: DPIIT secy

India was viewed favourably by major global corporations attending the recently concluded World Economic Forum (WEF) meet at Davos (Switzerland), a top government official has said. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh, who was part of the Indian delegation to WEF, also said that he met several CEOs at Davos and discussed ways to facilitate investments in the country. "During the WEF, there was a distinct uptick in the investment sentiment regarding major corporations, with an observable trend of expansive visions for growth in India," Singh told PTI. He met Martin Lundstedt, President and Chief Executive Officer of Volvo; Gernot Doellner, Chairman and CEO, Audi; and Darrell Brown, President and CEO, Ecolab; among other high-level officials. "At WEF, India's investment landscape was being viewed favourably," he said. Singh added that some of the global companies at Davos provided feedback on the implementation of a ...

Business leaders leave Davos to game out 2024 geopolitical scenarios

Many CEOs and executives told Reuters they foresee an upbeat U.S. economy in 2024, but are concerned about China and Europe, and the impact of unexpected global shocks on inflation

Maharashtra signs investment MoUs worth Rs 3.53 trillion at Davos

Maharashtra Chief Minister Eknath Shinde on Friday said he is resolute in leading the state to its ambitious target of becoming a USD 1 trillion economy as the state government secured investment MoUs worth Rs 3.53 lakh crore (USD 44 billion) this week at the World Economic Forum Annual Meeting. The state also received an expression of interest for an additional Rs 1 lakh crore investment, taking the total to Rs 4.5 lakh crore (nearly USD 57 billion) with a potential to create about two lakh jobs across sectors, including electronics, IT, data centres, gems and jewellery, agriculture, automobile and renewable energy, an official statement said. During his visit here accompanied by Industries Minister Uday Samant and several senior officials, Shinde signed 19 MoUs (Memoranda of Understanding). Presenting Maharashtra as the premier investment hub under the theme "Bringing Confidence during a changing World", Shinde held meetings with a large number of global political leaders, industr