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Trump disbands two business advisory councils after CEOs resign

The Dollar Business Bureau  After the CEOs of Manufacturing Advisory Council and the Strategic and Policy Forum resigned, Donald Trump, disbanded both the business councils on Thursday. In his hallmark Trump style, he tweeted, “Rather than putting pressure on the business people of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!” The chief executives had resigned in protest over the US President’s ambiguous response in which he appeared to be sympathetic towards some of the white supremacist people and neo-Nazis erupting in violence in Charlottesville killing 3 and injuring many. The Manufacturing Advisory Council was established in January just after the President was sworn-in, while the Strategic and Policy Forum that had 16 members was formed ...

India has the makings of becoming the clean energy world capital

Source: PTI Prime Minister Narendra Modi on Monday chaired a roundtable meeting on renewable energy with top energy CEOs and experts in San Jose. Ernest Moniz, Secretary of Energy, United States; and Prof. Steven Chu, former US Secretary of Energy, were present at the roundtable meeting. Top energy CEOs and investors, including Ahmad Chatila, CEO SunEdison; Nikesh Arora, President and COO, Softbank; K R Sridhar, CEO, Bloom Energy; Jonathan Wolfson, CEO, Solazyme; John Doerr, Venture Capitalist; and Ira Ehrenpreis of DBL partners were present. Prof Arun Majumdar, Prof Roger Noll, Dr. Anjani Kochar, and Prof. Sally Benson, all from Stanford University, participated. Among the views expressed at the roundtable, was a clear assertion that India has the makings of becoming the ...

Innovation, tech to be focus of PM's visit to Silicon Valley

Source: PTI Innovation, entrepreneurship, technology and renewable energy would be the focus of Prime Minister Narendra Modi during his visit to Silicon Valley over the weekend where he will meet CEOs of top American companies like Apple, Microsoft, Google and Tesla. On the first day of his arrival in Silicon Valley on September 26, Modi would visit the campus of iconic Tesla where he would be welcomed by its CEO Elon Musk. Modi would have a look at some of their path breaking inventions, particularly in the renewable energy sector. “One of the important interests in Tesla is in battery technology because it has implications on in terms of storage and renewable energy,” Indian Ambassador Arun K Singh said. Later, Modi would ...

PM Modi asks India Inc to take risk and invest more

Source: PTI Prime Minister Narendra Modi along with Finance Minister Arun Jaitley and Transport Minister Nitin Gadkari in a high-level meeting with industry leaders in New Delhi on Tuesday.   Prime Minister Narendra Modi on Tuesday asked India Inc to increase risk-taking appetite and step up investments even as industry leaders pressed for interest rate cut and more policy action to improve ease of doing business. “Prime Minister has said that industry must take risk and increase investments...we must go out and invest. Industry has a role to play,” CII president Sumit Mazumder told reporters after the meeting of Prime Minister with CEOs, bankers, economists and bureaucrats on the global economic slowdown. Several industry leaders meanwhile pitched for interest rate cut ...

Global CEOs bullish on biz growth, hiring prospects over 3 yrs

Source: PTI Global CEOs are confident about the growth prospects of their businesses over the next three years and 80 per cent of them have bullish hiring outlook for this period, says a KPMG study. According to a study released by KPMG International, chief executives of global businesses are confident about the ability of their companies to grow over the next three years and are expressing confidence about the prospects for the global economy. “The overall message we've gotten from CEOs around the globe, is that they are positive about their prospects over the next three years, and importantly that they are looking to hire more people,” KPMG International Global Chairman John Veihmeyer said. Most importantly, CEOs globally are set to ...