Congress leader P Chidambaram today took a swipe at Narendra Modi for his attempts to woo investors at Davos, saying that on the day the Prime Minister invited world business to India, Ahmedabad was hit by mob violence and moral policing was witnessed in Uttar Pradesh.

Since Donald Trump won the U.S. presidency, business has been booming for Monaco-based businessman Manfredi Lefebvre d'Ovidio.

The financial services sector, including banks, insurance companies and mutual funds, is the biggest beneficiary of the formalisation of savings, ICICI Bank chief Chanda Kochhar said.