ET Global Business Summit: Day 1 sessions and their key takeaways
Welcome Address: Vineet Jain, MD Times Group
"Our mission is for GBS to establish itself as the Davos of the East. It may not snow in Delhi but the sun is shining on the world’s fastest growing large economy even as dark clouds gather elsewhere," said Jain.
BCCL
No sustainable business in an unsustainable world: Ashish Agarwal, YES Bank
Agarwal said that theme for The Economic Times Global Business Summit – 'Social, Sustainable and Scalable,' cannot be any more relevant and that the 3S are highly interlinked and synergistic. He further noted that the challenge is to find a way to expedite action on the 3S.
BCCL
'Picture abhi baaki hai': Jonathan Gray, President Blackstone Group
"Picture abhi baaki hai", said Jonathan Gray, Blackstone’s top honcho while addressing a gathering of distinguished guests comprising global CEO’s and top Indian law makers at The Economic Times Global Business Summit on Friday.
BCCL
Thinking beyond profitability: Punit Renjen Global CEO Deloitte
He went on to say that the world is changing rapidly modeled by four forces. "One of them is populism, and you see this from Britain all the way to Brazil and from Indonesia to Italy. It is introverted, it is regressive," asserted Renjen. The other aspects include global regulations which tend to have influence across jurisdictions. "Third is competition, primarily tech enabled. But this competition is fundamentally disrupting industries and disrupting the way we do business," he said.
BCCL
India can compete with China by harnessing data: Paul Hermelin, CEO Capgemini
"China is right in thinking it is successful because data is the key ingredient. Data in China will be like oil in Saudi Arabia," Hermelin said at the Global Business Summit.
BCCL
Traditional media are very strong: Martin Sorrell, S4Capital
"The digital transformation and disruptions are less apparent in India than one would expect. The traditional media are very strong and powerful, and they remain pretty powerful than elsewhere," Sorrell said.
BCCL
On the verge of quitting after first year: Nathan Blecharczyk, Airbnb
Blecharczyk co-founded Airbnb along with Brian Chesky and Joe Gebbia, in 2008 and has since emerged as one of the pioneers of the sharing economy.
BCCL
10 learnings from Silicon Valley: Guy Kawasaki
The 64 year-old cited the examples of Kodak, Polaroid and Smith Corona - all leaders in their respective segments, that have now either shut shop or have faded into obscurity.
BCCL
Country is more important than any institution: FM Arun Jaitley
He also characterised allegations that the government was undermining institutions as fake and said that the dispute with the central bank stemmed from the market being starved of credit.
BCCL
Other attendees
BCCL
