CNBC-TV18 Global Leadership Summit Highlights: I don’t believe in work-life balance, says NR Narayana Murthy

For IAS, he (PM Modi) may want to look at selecting people from the various management institutes, bringing them into the government, says NR Narayana Murthy

- Hope Prime Minister Modi makes a decision to convert the administrative mindset to a management mindset, says NR Narayana Murthy

- Hope Prime Minister Modi takes more and more managers to bring speed, imagination, and excellence in decision-making and implementation in the public governance system, says NR Narayana Murthy

- I don’t believe in work-life balance, says NR Narayana Murthy

Need of the day for us is to focus on job creation, primarily low-tech job, because most of these people cannot take up jobs in the software industry, says NR Narayana Murthy

- Given that the disposable income of India is rather low, we have to focus on exports, like China did, and like Vietnam is doing now, says NR Narayana Murthy

- Time for India to move from an administrative mindset to a management mindset, says Narayana Murthy

- PM Modi should look at whether we need more of managers in the government, rather than administrators, , says Narayana Murthy

Management is all about vision and high aspiration, says NR Narayana Murthy

More exports are the only way jobs are created, says NR Narayana Murthy

We have done reasonably well in the last 30 years, says NR Narayana Murthy

Want to see India fulfill dreams of the founders, says N. R. Narayana Murthy, Co-founder & Former Chairman, Infosys.  Time to move to management mindset, says N. R. Narayana Murthy

Won't change anything about how we went about our IPO, says Sriharsha Majety, Co-founder & Group Chief Executive Officer, Swiggy

Questions were asked about valuations, but I looked beyond valuations while investing in Dharma Productions, says Adar Poonawalla

If India grows at 10 percent there is no limit of opportunities. We are looking for good, honest people who want to build for the future, says Prem watsa.

Canadian pension funds will not get impacted by the India-Canada conflict. I don't think it will effect investment in India.

Fantastic opportunity for India in next 2-3 decades, says Prem Watsa, Chairman & Chief Executive Officer, Fairfax Financial Holdings Limited

Treat people like you want to be treated, says Prem Watsa

Banks are not lending enough and are struggling to get enough deposits says ex-HDFC Chairman Deepak Parekh

Let India mature as a manufacturing hub and then compete with the global, says Deepak Parekh

• At a time when carmakers are upping the ante on electric vehicles (EVs), Union Minister for Commerce and Industries Minister Piyush Goyal has eulogised about cars that are run on hybrid powertrains. He said his viewpoint on hybrid vehicles has changed over time.
• “I was against hybrids, but I changed my mind,” Goyal said at the CNBC-TV18 Global Leadership Summit. He reasoned that further research helped him appreciate hybrids, especially plug-in versions, as practical transitional vehicles. (Read More)

• We will be stabilising around 165 crore of population, with working age population of 112 crore. We are looking at more than 70 percent female participation labour force as we move to Viksit Bharat goal: Tuhin Kanta Pandey
• There are headwinds, we will continue to strive to grow (on growth). We expect good monsoons; we have rural demand picking up: Pandey
• Only five commodities (Tomato, Onion, Potato, Gold and Silver) are creating a problem as far as inflation is concerned: Pandey
• Higher tariffs or potential higher tariffs and geopolitical fragmentation are facts of life in post-Covid world: Pandey
• Reforms cannot be viewed from just one step called privatisation, look at the social infrastructure that has been created and ease of doing business: Pandey
• Trade and industrial policy have to work together, we need exports and we also need imports in order to do imports. We should not be ceding territory in the name of agreements: Pandey

• President Trump's policies on corporate tax cuts could support US market, says Chris Wood
• Donald Trump’s clarification that he does not want to keep funding Ukraine-Russia war is positive, says Chris Wood
• If Elon Musk is able to cut the spending, this will be a deflationary shock for US market
• AI capex boom will continue the next year, Nvidia is a part of the global portfolio
• Correction led by small caps in India is healthy
• We are seeing a natural correction in Indian market
• Domestic inflows have been a good thing for the Indian market

• Skeptical that Trump will levy 60% tariffs on China, says Chris Wood
• Many of Trump policies are inflationary, says Chris Wood
• Won’t change my India strategy just because Trump has been elected, says Chris Wood
• US markets are impacted by movements in tech stocks, says Jefferies Global Head of Equity Strategy Chris Wood

• Samir Arora : India has had pathetic results. These things do not change in three months, it will take six to nine months
• Samir Arora : Plus minus a few weeks, foreign investor selling should over
• Things that aren't doing well don't start doing well so fast, things that are doing well went start doing badly so fast: Samir Arora

• Dugna daam dena padega, says Nilesh Shah to foreign investors selling
• If you are investing with a 1 year horizon stay away from equity markets. Because India is a rising threat, that will emerge at some time or the other - Nilesh Shah
• Nilesh Shah - One immediate thing that is worth doing - US will impose tariffs, they will be looking at trade deficit. We need to tell America to take into account the students in the US and the payments made, which are made on Indian soil.
• So, hopefully, they will levy tariff on China and not on us, says Nilesh Shah (Read More)

I think we are at a stage where every correction is an opportunity to buy - Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd

Raamdeo Agrawal, market veteran and Chairman & Co-founder, Motilal Oswal Financial Services Ltd, on November 14 acknowledged that India Inc's earnings are slowing down but said it is a temporary phenomenon and that FIIs will come back to Indian markets. (Read More)

• Pieter Elbers: The fact that larger airlines have emerged in the Indian aviation market is part of growth of any market in the world
• Pieter Elbers: Consolidation in the aviation market will help create a stronger product which will help Indian airlines compete internationally
• Pieter Elbers: Indian aviation market is one of the most competitive markets in the world
• Pieter Elbers: Domestic airline prices are some of the most competitive in India
• Pieter Elbers: Indigo is eagerly looking at the 200 million number

• Rohit Java -  On pricing, we have to be very, very lean so that we are rightly priced for portfolio brands.
• Pieter Elbers - There is opportunity for Indian airlines to fly Indian customers not only within the country but also internationally
• Santosh Iyer - We have more than 500 patents filed out of India. But it's mostly tech and software, we need more on the engineering side as well

• What’s good for India is good for Hindustan Unilever - Rohit Jawa, HUL
• Timing for India is right here, right now - Pieter Elbers, IndiGo
• 3 years back avg selling price for our cars in India was $60,000 now it is $100,000, which is as good as some developed markets, Santosh Iyer, Mercedes-Benz India

• IndiGo aims to offer Indian customers a business class product that is price competitive and also premium, says IndiGo CEO Pieter Elbers
• IndiGo starts business class flights between Delhi and Mumbai from November 14 - Pieter Elbers
• IndiGo aims to offer Indian customers a business class product that is price competitive and also premium - Pieter Elbers
• IndiGo aims to outsource Indian aviation to the world - Pieter Elbers

From parathas and kulchas, we need thin good rotis –return on time invested, says Uday Kotak

• If India has to become global power, we need to get stronger in defence, says Uday Kotak
• America is now 66% of global market-cap. We have to ensure that America under Donal Trump does not make the rest of the world irrelevant, says Uday Kotak
• We need to grow much faster than we have in past, says Uday Kotak

• Ramesh Damani - A path for the country's growth is infrastructure. The opportunity for digital public infrastructure is the best.
• Raamdeo Agrawal - Digital technology is a non-linear opportunity. It will be a boom for many firms
• Manish Chokhani - Financials if you are not invested, go and make an investment now
• Ashishkumar Chauhan: wherever capital investment is there - technology, biotech etc. I think that is where the opportunity is

• Ramesh Damani: Bullish on digital public infrastructure
• Raamdeo Agrawal: Capital market related businesses. Have to pick the winners

Right policy decisions will happen at the right time. Earnings growth will improve. This is the time to have patience. Foreigners are losing patience and leaving. Once they get out, the price to reentry will be higher. - Raamdeo Agrawal

Raamdeo Agarwal - I don't think there is anything like NSE. Patience is the most important thing to have while participating in the market. Another advice is to stay invested.

In 30 years, I have learnt that you cannot time the market, you need to invest in high quality stocks for longer period of time. The enduring lesson I want to give to the world is to understand how compounding works - Ramesh Damani

Ashishkumar Chauhan –The infrastructure of the markets 25 years ago was like a "satta bazaar". No one trusted the markets then. It was earlier smaller. Today it is 2.5x of the banking systems. Clearing corporations, depositories were the building blocks of the market that they were working on.

Ramdeo Agrawal: 2 raised to the power 5 in 25 years! We will compound at 15%. No reason to believe we will not.

• Ramesh Damani: Past 25 years have been exhilarating journey. The Dow was 11,000. Sensex was half the Dow level. Now the Sensex is double the Dow level!
• Ramesh Damani: We can not extrapolate the next 25 years with what has happened in the past 25 years. China would be soaring the clouds right now otherwise.
• Ramesh Damani: Nov 5 changed the world. We will understand the implications in a few years.Ramesh Damani: America big world player. It influences the world. And America is looking backwards.

• Unilever’s Global Chief Growth and Marketing Officer Esi Eggleston Bracey in a fireside chat spoke extensively about Unilever’s growth patterns and India’s middle class. Here are key takeaways of the interaction:
• 3.5 billion people globally consume Unilever’s product
• Unilever has over 400 brands in over 190 countries
• We see the Indian middle class doubling by 2030
• Macroeconomic shifts will impact consumption behaviour
• Media and business are changing, tech is also changing the way we consume
• Using tech to focus on our power brands and drive premiumisation
• India is the heartbeat of Unilever
• Have innovated a product in India in 3 months vs earlier 18-20 months
• Global well-being market is $7 trillion EU vs $4.4 trillion in 2020
• India will see volume-led growth in 2025

“Growth itself is not adequate. Growth and equity must be the two legs on which the national must stand. Other, the country will limp,” says C Rangarajan

• Poverty ratio has come down since liberalisation, says ex-RBI Governor C Rangarajan
• we dismantled administrative structure of interest rates, says C Rangarajan

• India has fourth largest foreign exchange reserves in world. It can cover 12 months of import
• Our exchange rate policy is well articulated. RBI does not target band or exchange rate
• Exchange rate is barometer of economy's strength
• Weighted average call money rate remained stable and closely align to repo rate (Read More)

• With regards to ECL framework, we have examined the draft norms.
• External committee has reviewed it.
• We are working on climate risk and its impact on financial system.
• Norms will be issued shortly (Read More)

• Financial system will continue to face new challenges
• Emerging market economies showing more resilience

• We remain consistent with our mandate of price stability, says RBI Governor
• Prudence is always our guiding philosophy, says Shaktikanta Das
• We observer certain contractions globally, says Das.

• MPC in it's meeting in October, decided to change stance to 'Neutral'
• Change in stance provide greater flexibility
• The challenge for central bankers has always been between doing too little or too late on the one hand, and too much and too early on the other.

Despite the global headwinds, RBI Governor Das says that 'Indian economy is sailing through smoothly due to stable financial system'. He also said that 'global trade is projected to remain higher this year.'

• Challenges for all Central bankers have been doing too much, too early or too little, too late, says RBI Governor Shaktikanta Das
• In this challenging environment. Government bond yield globally are rising even as many advance economy have taken easing path.
• Global trade is projected to remain higher this year, says Das

• Women across Maharashtra received 5 installments of Rs 1,500 each under Ladki-Bahin Scheme
• Ladki-Bahin Scheme installments will increase to Rs 2,100 per month
• We have ensured that 33% of our legislators/Parliamentarians will be women
• Synchronised action on fiscal and monetary policy front has helped India as one of the best performers on inflation front
• Businesses have to look at competitive pricing; they can then capture huge market share
• This country (India) offers huge demand; companies have to get competitive on pricing
• Will be happy to welcome all global companies to make EVs in India (Read More)
• Today it doesn’t make sense to buy anything but electric vehicle
• I urge industry to immediately switch to electric

Food inflation has nothing to do with managing inflation. He also said that private capex picking up massively. On the US Election results, Goyal said that "I am very sure that we will work very well with Trump administration.' (Read More)

When asked about the upcoming RBI MPC, Piyush Goyal said that  RBI should definitely cut interest rates.

He also said that the food inflation has nothing to with it.

Talking about the current inflation trends, Piyush Goyal said that the inflation will come down by December. He also said that the investors should take a long-term view and not at the quarterly picture

India’s retail inflation climbed to 6.21 percent in October, marking a notable increase from September’s 5.49 percent. This surge is primarily driven by rising food prices, with onion prices being a particular concern. It’s the first time since August that inflation has exceeded the Reserve Bank of India’s 6 percent limit.

On the issue of inflation, Piyush Goyal says that inflation has been lowest under Modi govt since India's Independence. On taking measures, he said that both the government and the RBI have been taking several steps to stem in the inflation.

On the 'ladki-behan' scheme, Piyush Goyal said that this is a gamechanger in Maharashtra. Taking a dig at Congress, Goyal said that there are states such as Himachal and Karnataka that have rolled out schemes without any preparations. "Unlike some 'khatakhat' schemes, we do real work," Goyal said. He also said that it would be a clean sweep for the Mahayuti in both Mumbai and Konkan region during the upcoming Assembly polls.

Speaking in a fireside chat, Union Minister Piyush Goyal said that the Mahayuti alliance is coming back to power. He said that he recently toured the Marathwada region, which used to be a citadel of Congress, but there are 'winds of change.' On question of Eknath Shinde being elected as CM again, Goyal said that the decision will be taken when the time comes. (Read More)

And the wait ends! The CNBC-TV18 Global Leadership Summit has begun at Bandra Kurla Complex in Mumbai. We wait for the keynote address by Union Minister Piyush Goyal.

Union Minister Piyush Goyal and other guests have arrived at the venue. The summit is about to begin shortly.

Shortly after the summit's inauguration at 11:07 a.m., guest of honor RBI Governor Shaktikanta Das will deliver the keynote address, followed by a fireside chat.

• Whenever there has been more compliance, more investors have come to the market, says NSE CEO Ashishkumar Chauhan
• Getting stocks in the F&O segment is based on an algorithm and it is rule based, says NSE CEO Ashishkumar Chauhan
• Today we are doing 30,000 trades a day, says NSE CEO Ashishkumar Chauhan (Read More)

This year’s summit will address key themes, including macroeconomic forecasts and trends set to influence industries both nationally and globally. Serving as a platform for influential leaders and emerging entrepreneurs, it aims to foster the exchange of transformative ideas and offer valuable insights into the evolving global economic landscape. Discussions will also explore how leadership and innovation are reshaping industries and sectors worldwide.

• A fireside chat with Swiggy’s co-founder and Group CEO will highlight the company’s recent listing on November 13, which he described as an “absolute miracle” after ringing the bell at NSE.
• This milestone marks the beginning of Swiggy’s journey as a publicly traded company, a significant step for the 10-year-old Bengaluru-based hyperlocal delivery giant.
• Swiggy’s IPO debuted at a premium, delivering gains to investors and allowing early backers like Accel, Prosus, and Tencent to partially exit.
• Demonstrating substantial value and wealth creation, Swiggy’s IPO unlocked Rs 9,000 crore in ESOPs, benefiting around 5,000 employees.

Peak XV's Managing Director Rajan Anandan will lead a panel discussion with Zepto co-founder and CEO Aadit Palicha, CRED CEO Kunal Shah, and Unicommerce Managing Director and CEO Kapil Makhija. They will examine the evolution of the startup landscape and the rise of ‘India-only’ business models designed to meet the needs of India’s unique consumer market.

With India’s economic and strategic influence growing, Nykaa founder and CEO Falguni Nayar will join Mahindra Group CEO and Managing Director Dr Anish Shah in a panel discussion to explore the country’s "right to win." They will discuss how India’s thriving startups are expanding internationally with a vision to build global Indian brands.

The discussion unfolds at a pivotal moment for new-age tech entrepreneurs and their startups, who have just completed a significant cycle: a soaring ascent to record-breaking highs in 2021, followed by a challenging two-year correction, and now a re-emergence marked by resilience and renewed optimism. For many founders, this was their first major downturn, offering hard but invaluable lessons.

The flagship summit will host five prominent startup founders. They will share insights from their journeys, lessons in building innovative companies, and their vision for the future of India’s rapidly growing startup ecosystem—the third largest globally.

Minister of Commerce and Industry Piyush Goyal will be seen interacting in the session - 'India's Road to a Developed Economy'.

This year’s Global Leadership Summit (GLS) will focus on vital themes, including macroeconomic forecasts and emerging trends shaping industries both in India and worldwide. The summit is designed as a dynamic platform for influential leaders and aspiring entrepreneurs to share transformative ideas, gaining insights into the shifting global economic landscape.

Industry leaders like Uday Kotak, Adar Poonawalla, Falguni Nayar, and Swiggy's Sriharsha Majety will also join, discussing topics ranging from economic policy to technological innovation.

The CNBC-TV18 Global Leadership Summit (GLS) 2024 features a stellar lineup of speakers, including key figures from government, finance, business, and culture. Highlights include Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, IMF’s Krishna Srinivasan, former Irish Taoiseach Leo Varadkar, Infosys co-founder N. R. Narayana Murthy, Wipro's Rishad Premji, and film director Karan Johar.