In 2010, the richest 80 people in the world had a net wealth of $ 1.3 trillion.
It will take a female domestic worker 22,277 years to earn a top CEO of a tech company makes in one year.
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.
This is Jaitley's first overseas visit since his kidney ailment was confirmed in April last year.
Promising to make doing business more attractive, Union Minister Piyush Goyal has assured investors that they can work in India without fear or favour.
Looking to attract foreign investors to Maharashtra, Chief Minister Devendra Fadnavis has promised them easier business environment and faster clearances as he works towards making his state the most preferred destination within India for investors.
An expert committee, set up by the Supreme Court to probe allegations against the Adani group following a bombshell report from a US short seller, has members with potential conflict of interest, a fresh petition filed in the apex court on Monday said.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
The corporate big-wigs gathered in Davos, for the 44th World Economic Forum Annual Meeting said investors, corporate boards, business schools and accounting rules must change to de-emphasise short-term financial performance.
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.
India has been ranked very low, mostly in the bottom half, globally on most of the parameters for inclusive growth and development even as it fares much better internationally when it come to business and political ethics.
Li is currently attending the WEF annual meeting in Davos in back drop of release of the annual GDP figures by China highlighting the continuation of the slowdown of the world's second largest economy.
Khan also said Pakistan has decided to partner any other country only for peace and named the partnership with the US as the one.
Despite a year seemingly filled with gloom and near constant reminders of humanity's failings, the Nobel Peace prize will reward a person, or organisation, who's worked tirelessly for peace despite the world's many hurdles.
In India, 60 per cent said they think they have the skills needed for their careers
There have been many efforts in the past to develop Mumbai into an IFC, while an expert group was also set up by the government years ago to study this possibility.
With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country.
We may now be experiencing the darker side of the massive monetary stimulus of past years, said Rajan.
According to leaders of these economies who were speaking at a session at the 44th World Economic Forum Annual Meeting in Davos, the BRICS economies would rebound over the next few years, despite having been hit to varying degrees by fallout from the global financial crisis.
The number of Indians over 15 either working or looking for work is lower as a percentage than in the United States, China, Bangladesh or Pakistan, points out Aakar Patel.
Indian billionaires saw their combined fortunes more than double during the COVID-19 pandemic, and their count shot up by 39 per cent to 142, while the wealth of the ten richest is enough to fund school and higher education of children in the country for 25 years, a new study showed on Monday. In its annual inequality survey released on the first day of the World Economic Forum's online Davos Agenda summit, Oxfam India further said that an additional one per cent tax on the richest 10 per cent can provide the country with nearly 17.7 lakh extra oxygen cylinders, while a similar wealth tax on the 98 richest billionaire families would finance Ayushman Bharat, the world's largest health insurance scheme, for more than seven years. The COVID-19 pandemic saw a huge rush for oxygen cylinders and insurance claims during the second wave last year.
ICICI Bank chief Chanda Kochhar believes, India can grow if decisions on investment policy are taken quickly.
Modi termed it a 'historic document' to fulfil his government's aim of 'sabka sath sabka vikas'.
Overall, the Brazil, Russia, India, China and South Africa gap has widened as developed economies are taking the lead.
Key drivers of these risks can be arrested or reversed through building more inclusive societies, for which international cooperation and long-term thinking will be vital
But worries mount over emerging markets and regulation
16-year-old Greta Thunberg had earlier said world leaders were behaving like children about climate change.
Releasing its annual Global Risks 2014 report, Geneva-based WEF said that the income disparity was the most likely risk to cause an impact on a global scale in the next decade, while other significant risks include extreme weather events, unemployment and fiscal crises.
Pune-based Serum Institute of India (SII) is sitting on 200 million doses of Covishield that were manufactured in December and are set to expire in September. The company is likely to destroy these vaccines if nothing works out, Sohini Das reports.
Tony Abbott's views come at a time when the influential G-20 grouping, that includes India, is making stringent efforts to crack down on illicit money flow in the financial system.
Jaitley said he is meeting the existing investors and potential investors, those who are looking at India, those who are looking to expand.
Asserting that the self reliant India programme will help revive the global economy, Prime Minister Narendra Modi on Thursday told global business community that his government aims to transform the country through access, inclusion and empowerment while also ensuring complete data security. Addressing the World Economic Forum's online Davos Agenda Summit, where he also interacted with global business leaders, Modi also said India offers a predictable and friendly environment from tax regime to FDI norms. He said Aatmanirbhar Bharat movement is committed to global good and global supply chain while the country's digital profile has been completely transformed.
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
Cognizant jumps 13 ranks to become 4th most valued.
On resolution of stressed cases, she said ICICI Bank has been taking the lead in several cases and was the first bank to refer a case to NCLT
The president and First Lady Melania Trump will travel to New Delhi and Ahmedabad during the visit.
'...just wondering about how I can undo this damage.'
Finance Minister Arun Jaitley who is in Davos to showcase India as an investment destination at the World Economic Forum (WEF), on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
Both countries have been working on administrative assistance.
