Davos Day 3: Pressure On Generics Industry Is Temporary, Says Sun Pharma Chairman Israel Makov
World leaders, influential executives, bankers and policy makers attend the 48th annual meeting of the World Economic Forum in Davos. (Photographer: Jason Alden/Bloomberg)
9 years ago
Get all the live updates on Davos World Economic Forum 2018's third day.
- A 50 percent rally in Anglo American’s stock price since Agarwal’s investment last year, shows soundness of the decision.
- Stake purchase in Anglo American is purely for investment purposes as of now.
- Anglo American and African firms have a legacy in mining technology that India can benefit from.
- Cairn India will produce 250,000 barrels over the year which will account for 28 percent of India's oil production.
- Advertisement campaign on India's imports was done to showcase jobs potential in resources.
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- State governments stopped existing agreements in order to to revisit tariffs.
- Have told states there’s no room to negotiate on old contracts for existing projects.
- Gujarat still honours 10-year old tariff of Rs 15 per unit, since that was the agreement.
- Sajjan Jindal said JSW Steel is eyeing insolvency-hit Monnet Ispat and Bhushan Steel, but not majority stake.
- State Bank of India’s Rajnish Kumar expects interest rates to stay stable for at least a year.
- Former RBI Governor Raghuram Rajan gave a vote of confidence to the monetary policy committee led by his successor, Urjit Patel.
- U.S. will be the undisputed shale leader for years to come, said International Energy Agency’s Fatih Birol
- Prime Minister Narendra Modi outlined the three greatest threats to the world and the four solutions to them, in a speech.
- Uday Kotak says allowing 100% foreign holding In banks ‘not a great idea’
- Uber to be profitable within three years, CEO says
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