The Hinduja Group chairman, who was in Davos to participate in the World Economic Forum, however, noted that the incident might not have much impact on the reputation of India Inc in the eyes of foreigners, who are more used to such scams. Raju's confession not only shocked India Inc, but investors all over the world. Such type of wrongdoings are more prevalent in the western world and foreigners are used to this kind of happenings, Hinduja said.
DiPiazza's visit coincides with Price Waterhouse suspending two of its partners -- S Goplakrishnan and Srinivas Talluri -- who worked on the accounts of scam-hit Satyam Computer Services and were arrested last week.
Prominent Indian-origin academics in the United Kingdom have asked for immediate release of renowned human rights activist Binayak Sen, who has been imprisoned in Chhattisgarh since May 2007 for alleged links with Naxalites. "As the world's economic powers gather in London this week, with India among them, we hope they will take the time to consider human rights as well as the credit crunch. In particular, we call attention to the continuing imprisonment of Dr Sen," they said
The Confederation of Indian Industry will organise a round table on investment.
The World Economic Forum on Wednesday said it will wait for the legal investigation of crisis-ridden Maytas Infra to be completed before deciding on the infrastructure entity's status on its list of prestigious companies worldwide.
In India, 60 per cent said they think they have the skills needed for their careers
Networking giant Cisco Systems on Monday said it has frozen the hiring process and is adopting a wait and watch policy due to the global slowdown besides cutting costs up to $2 billion through various means. Cisco is adopting a wait and watch policy of 6-8 weeks before taking any decisions. It also plans to cuts costs up to $2 billion through measures like slashing travel costs.
The four key risk areas India needs to focus on at the moment include economic security, energy security, agriculture and food security and national security, it adds. The WEC-CII report says many issues facing India in these four areas will require considerable long-term investment from both public and private sectors. 'Decision-makers in government and business will be forced to make trade-offs as to where spending and investments are allocated,' it said.
India would be a major beneficiary of softer oil prices among the G20 economies as the country is a major crude importer.
'Is the tech wonder of our times headed for trouble?' asks Ajit Balakrishnan.
Under attack from the international community for not reining in terrorist outfits, Pakistan on Thursday said that it will not allow use of its territory for terror activities."I assure you and I assure the House that I will never ever allow my soil, Pakistani soil to be used for terror activities," Pakistan Prime Minister Yousuf Raza Gilani said at the World Economic Forum in Davos.Terming the Mumbai incident as 'unfortunate', Gilani said, "We condemn terrorism."
The question is whether Prime Minister Modi can convince the world's investors that India is the ultimate investment destination of 2018, says Kanika Datta.
In a landscape dominated by social media, everything begins to matter less for what it is than for how many likes or re-tweets it can generate.
IMF cut its 2016 global growth forecast for the fourth time in the past year to 3.2 per cent, citing China's slowdown.
Two Silicon Valley firms - Nanostellar and Meraki - have been selected by the Geneva-based World Economic Forum as Technology Pioneers 2008. Both companies are headed by Indo-Americans - Nanostellar by Pankaj Dhingra, president and chief executive officer, and Meraki Inc by Sanjit Biswas, co-founder and chief executive officer.
In the first quarter of FY14, real GDP growth estimated by the Central Statistics Office stood at 4.4 per cent on a factor cost basis, and at 2.4 per cent on a market price basis, the IMF said.
IMF has predicted a slowdown of world economic growth and approves of Fed Reserve's move of cutting its interest rate.
An 80-member strong Indian delegation from the Confederation of Indian Industry will participate in the World Economic Forum's Annual Meeting in Davos, Switzerland, from 23-27 January 2008.
Maharashtra Chief Minister Vilasrao Deshmukh would be making a strong pitch for attracting foreign investment during a presentation at the World Economic Forum in Davos. Inviting global business leaders to invest in Maharashtra, Deshmukh would be making a presentation at the four-day WEF meet in Switzerland beginning on January 23, official sources said.
The report cautioned that low capacity utilisation and stressed balance sheets of banks and businesses will prevent a strong investment revival in the short term.
Democracy and terrorism, the two pet themes of the 2005 summit, were largely left unsaid in the official briefing on the September 25 summit. The omission, observers say, speaks volumes about the realities the US is facing in the global war on terror, in responding to Russia's aggressive manoeuvrings, managing anti-US sentiment in Pakistan, and battling a resurgent Taliban in Afghanistan
'The India-Canada relationship has suffered benign neglect. Its full potential has not yet been realised,' says Rup Narayan Das.
As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.
Rapid rise in disposal of corruption cases against govt employees has helped
Nearly half of the workforce in Indian industries, especially in urban areas, is overweight, and 27 per cent suffer from hypertension. These revelations came across in a study conducted by the World Economic Forum and the World Health Organisation to gauge workplace health problems.
United States President George W Bush on Sunday appreciated Pakistan's role in the war against terrorism, as he held talks with Prime Minister Yousuf Raza Gilani.During the hour-long meeting, which took place on the sidelines of the World Economic Forum on Middle East in Sharm El-Sheikh in Egypt, Bush lauded Pakistan's initiatives to curb terrorism and extremism, posing threat to the entire world. The two leaders also discussed ways and means to enhance economic cooperation.
United States President Barack Obama has stated that he will not apologise for the atomic bombing of Hiroshima during his visit -- the first by a sitting US president -- to the city, he told Japanese television.
Pakistan President Pervez Musharraf returned to Islamabad on Tuesday from a four-nation visit to Europe during which he attempted to shore up support for his controversial regime.
World Economic Forum's Global Shapers Annual Survey 2015 is one of the most geographically diverse surveys of millennials.
India was ranked 50 among 127 countries which were evaluated by the World Economic Forum (WEF) for their 'network readiness'. Last year, it was ranked 44 out of 122 countries. Thus, the country has slipped four places in a constant sample from 200607.
Many developing countries are using WiMax deployments to leapfrog past copper wires, notes the World Economic Forum (WEF) Global Information Technology Report 2007-08. For instance, in India, Worldwide Interoperability for Microwave Access, or WiMAX, has been promoted as the answer to the country's last-mile connectivity issues.
Gujarat Chief Minister Narendra Modi said on Thursday the vibrant western Indian state has become India's special economic zone, attracting both foreign and domestic investors.
Southern states will soon sell non-prescription drugs in post offices.
As many as 17 Indians -- including Wadia Group chairman Jeh Wadia, SKS Microfinance CEO Vikram Akula, Bhatia Enterprises chairman Sabeer Bhatia, music composer A R Rahman, and sitar player Anoushka Shankar -- have been named the Young Global Leaders for 2008, in a list announced by the World Economic Forum on Tuesday. As many as 245 leading executives, public figures and intellectuals -- all aged 40 or younger -- were chosen from around the world by the WEF.
USAID looks forward to working with each to make financial inclusion a long-lasting and sustainable reality in India.
The wealth of India's richest 1 per cent increased by over Rs 20.9 lakh crore during 2017.
Indian government is trying hard too woo global investors.
The countries with positive employment outlook included India, Mexico and Turkey, as also the Gulf Cooperation Council region.
The keynote address will be given by United States President Donald Trump
India's remarkable economic performance during this decade has put it alongside China at the centre of the world economic stage. Strong growth has been accompanied by rising integration into global trade and finance.
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