Davos: India is no longer seen as an emerging economy and has rather become pivotal to the global growth, young Indian ministers Harsh Sanghavi and K Rammohan Naidu said on Wednesday. Sanghavi, Deputy Chief Minister of Gujarat, emphasised that for decades India was described as an emerging economy, but today that description no longer captures…
Davos: Union Minister Ashwini Vaishnaw on Wednesday asserted that India will definitely become the world’s third-largest economy over the next few years, with economist Gita Gopinath saying it can happen by 2028 or even earlier. Speaking in a World Economic Forum Annual Meeting session here, Vaishnaw said the only matter of concern is what will…
Davos: Senior Union minister Ashwini Vaishnaw on Tuesday said there is a lot of curiosity in the world about the democratisation of technology and asserted that it is the right way to go ahead to ensure the benefits of AI and all other tech innovations for everyone. Addressing a press conference here on the sidelines of…
Davos: The European Union is on the cusp of signing a historic trade agreement with India that is being called ‘the mother of all deals’, European Commission President Ursula von der Leyen announced on Tuesday, asserting it will create a market for 2 billion people or about one-fourth of the global GDP. In a special…
Davos: In a key development on the ambitious Mumbai 3.0 mission, Maharashtra Chief Minister Devendra Fadnavis on Tuesday said he has signed five MoUs here, including four with Singaporean companies, for the Raigad Pen Smart City Project. Speaking to PTI here during the World Economic Forum Annual Meeting, Fadnavis said the smart city project has…
Every winter feels harsh while you’re in it. The cold winds, short days, and gloomy skies test patience. Yet spring inevitably follows—with sunshine, growth, and renewal. Investing operates on the same cyclical principle, though most retail investors fail to grasp this fundamental truth. When equity portfolios glow green, confidence soars and investors feel invincible. Conversely,…
New Delhi: The International Monetary Fund on Monday projected a sharp moderation in India’s economic growth in the next fiscal year, signalling that the country’s expansion is likely to slow after a strong current-year performance. The IMF said India’s GDP growth is expected to ease to 6.4% next year, down from its estimate of 7.3%…
Davos: The Maharashtra government signed 19 MoUs on Monday, involving investment commitments worth Rs 14.5 lakh crore and creating over 15 lakh jobs on its first day at the World Economic Forum Annual Meeting. Announcing details, the state said these MoUs are across sectors and underscore strong global confidence in Maharashtra’s consumer markets, infrastructure readiness,…
Davos: As the rich and powerful from across the world start filling snow-clad lanes here, a new study said billionaires are 4,000 times more likely to hold any political office than ordinary people, and their wealth jumped three times faster in 2025 than the past-five-year average to a record high of USD 18.3 trillion. In…
Beijing: China has reduced its US Treasury holdings to a 17-year low as part of the continued diversification of its forex reserves towards gold and overseas equity investments amid unsettling ties with Washington. China’s holdings of US treasuries fell to USD 682.6 billion in November last year, down from USD 688.7 billion in October, the…
