Indias super-rich cannot treat extreme wealth as personal wealth, Wipro chairman Azim Premji has said, calling for higher consciousness among Indias wealthy. In such a poor country, there is a legitimacy in taxing the super-rich, he said.

Wipro chairman Azim Premji today expressed optimism over the state of global economy, saying the US has been showing positive signs of late. "...And the US drives a lot of the world scene," Mr Premji told NDTV Profit on the sidelines of the six-day long World Economic Forum meet, which kicked off today at Davos, Switzerland.

Chief executives are less optimistic about short-term growth prospects for their companies than a year ago, according to a survey that offers a reality check on rising stock markets.