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LIVE CHAT - LIVE FROM DAVOS As the world’s top leaders gather at the World Economic Forum to discuss critical issues arising from Globalisation 4.0 and the Fourth Industrial Revolution, we untangle some of these challenges with industry experts and peers, brainstorm our own strategies and share valuable takeaways. Gilberto Caldart, President, International, Mastercard, joins us in the Global Markets Forum at 1:30 pm IST. To join the conversation, click on the link: https://refini.tv/2P8N0Wp INDIA TOP NEWS • Modi considers cheap loans, other help for small Indian businesses - sources Prime Minister Narendra Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two government sources with direct knowledge of the matter said, as he tries to placate a key voter bloc ahead of a general election due by May.
• Kotak Mahindra Bank profit climbs 23 percent on higher interest income Kotak Mahindra Bank, India's fifth-biggest lender by market capitalisation, reported on Monday a 23 percent rise in third-quarter net profit, helped by higher interest income and a write-back of provisions made for mark-to-market losses.
• Union Bank of India third-quarter profit misses estimates Union Bank of India reported its third straight quarterly profit on Monday as the state-controlled lender made lower provisions for bad loans, but missed analysts' estimates by a wide margin, sending its shares sharply lower.
• Lockheed sees potential exports of 200 F-16 jets from proposed Indian plant Lockheed Martin sees a potential export market of more than $20 billion for its F-16 fighter aircraft from an assembly line in India it has offered to set up in order to win a large Indian military order, a top executive said.
• Hindustan Zinc third-quarter profit falls Hindustan Zinc posted a 3.8 pct fall in third-quarter profit on Monday, in a period marred with higher expenses.
GLOBAL TOP NEWS • IMF, CEOs sound warnings as leaders gather in Davos The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world's biggest annual gathering of the rich and powerful.