Australia on Wednesday rejected claims by a group of asylum seekers that they were beaten and suffered burns while being returned to Indonesia by the Australian navy under a policy that has strained ties between the countries.

Mr Sharma is among a large delegation of ministers as well as business leaders from India who are attending the WorldEconomic Forum annual meeting in this Swiss ski resort town.

Around 90 per cent of enterprises across the world are doing business the right way and trust in businesses is showing an year-on-year improvement, PepsiCo chairperson and chief executive Indra Nooyi said here on Wednesday.