Congress Vice President Rahul Gandhi officially took charge as the party's number 2 in Delhi this evening, promising to practice "positive politics." In faraway Davos, senior minister Kamal Nath told NDTV that for him and for every other Congressman, Mr Gandhi is also the only candidate for Prime Minister in 2014.

Speaking in the Indian context, Mr. Mahindra said that while the country was at the cusp of a major uptrend in innovation, India and China will not live up to their own aspirations simply by doing jugaad, or frugal innovation.

World business leaders today said there is a need for a 'golden triangle' collaboration between governments, companies and the civil society to rejuvenate the global economy, create jobs and fight corruption.