Poverty Financial News

Infosys, on Monday shared his insights on 'Compassionate Capitalism' at the Kalichand Memorial Lecture in Mumbai. During his speech, the 78-year-old said, the question of stark poverty and inequity in India has been troubling him right from that day when he spent lonely, hungry, cold, angry, and introspective 21 hours in the goods compartment on a freight train from Nis in now Serbia to Istanbul, way back in 1974 on his hitchhiking trip, returning back to India after his job in Paris.

Subscribe to enjoy similar stories. Not so long ago, Mark Zuckerberg [seemed to want] the public to view him not just as an empire builder, but also as a world-saver. Meta Platforms’ CEO publicly committed parts of his vast fortune to causes like immigration reform and voter access.

Subscribe to enjoy similar stories. A recent report by the State Bank of India has stirred up the proverbial hornet’s nest with its claims of a sharp reduction in poverty levels in India, particularly rural areas, in the past decade. It has led to a flurry of counter-claims, with economists questioning the methodology used to arrive at the findings.

Subscribe to enjoy similar stories. Bank accounts belonging to a company owned by Cuba’s armed forces are bulging with billions of dollars, the Miami Herald reported last week. But that’s hardly news.

State Bank of India (SBI).

Subscribe to enjoy similar stories. As we look ahead to 2025, the international community’s aspiration to end poverty warrants closer attention.

Subscribe to enjoy similar stories. DAMASCUS, Syria—More than a decade of civil war left Syria’s economy in shambles. The country lost billions of dollars in oil exports.

Canadians preparing to head to the polls in the new year are likely to be voting with their wallets.

Michael Dell, the CEO of Dell Technologies, believes in the principle of «working smarter, not harder,» emphasising that enjoyment and balance are key to long-term success. Speaking on the podcast In Good Company, Dell explained, “I realised long ago that there’s a point of diminishing returns to the hours worked in a day. And if you’re going to do something for a long time, you better find the [right mixture of] working, playing, and relaxing.”

Infosys co-founder Narayana Murthy has once again defended his stance on the need for a 70-hour workweek. During a recent visit to Kolkata, which he described as «the most cultured place in the entire country,» Murthy emphasized that India’s youth must embrace hard work if the country is to reach its full potential on the global stage. He addressed the issue at the centenary launch of the Indian Chamber of Commerce, sharing his thoughts with RPSG Group chairman Sanjiv Goenka. Murthy stressed that India’s young workforce must aim higher to achieve national progress. «At Infosys, we compared ourselves with the best global companies, and I can tell you, we Indians still have a lot of work ahead,» Murthy said. He pointed out that 800 million Indians rely on free rations, a sign of the nation’s widespread poverty. «If we are not in a position to work hard, then who will?» he asked, urging the audience to take responsibility for their collective future.

Growing demand for the lithium used in batteries for electric vehicles and energy storage has created a new frontier for mining in Nigeria

Lucky Bashkar’ has now inspired four youngsters to try their own luck. In a startling development, four ninth-grade students from a hostel in Visakhapatnam, Andhra Pradesh, have been reported missing after being influenced by the Telugu period crime drama, starring Dulquer Salmaan. The film, which narrates the gripping tale of a man's rise from poverty to wealth, appears to have motivated the children to leave their home in pursuit of similar dreams. The missing boys, identified as Charan Teja, Raghu, Karthik, and Kiran Kumar, were residing in a hostel in the Maharanipet area. Reports suggest that the group was captivated by the protagonist’s journey in the film and decided to replicate it in real life. CCTV footage, now circulating widely on social media, shows the boys scaling the hostel gate and passing their bags over before escaping one by one. According to sources, the children were so enamored by the movie’s plot that they meticulously planned their escape. Before leaving, they reportedly informed their friends that they would not return until they had earned enough money to buy luxury cars, mirroring the film’s storyline.

Subscribe to enjoy similar stories. Our struggles with achieving foundational literacy and numeracy (FLN) in the nine schools that we run, despite the resources and expertise available, are significant. To begin with, let me recap my earlier column.

US economy.

Union Minister Nitin Gadkari, who is also Member of Parliament from Nagpur, expressed his concern over the worsened pollution levels in Delhi as he often hesitates to visit the national capital because it poses health risks. On Tuesday, while speaking at an event, Gadkari confessed that this city’s pollution causes infection very frequently, making him reluctant to travel there.

Authorities in Mali have arrested four senior employees of a Canadian mining company as the military regime in the West African nation continues to detain workers to pressure companies in its crucial mining sector to pay millions in additional taxes

Service workers at Charlotte Douglas International Airport plan to go on strike during a busy week of Thanksgiving travel to protest what they say are unlivable wages

Subscribe to enjoy similar stories. SINCE THE Industrial Revolution, rich countries have mostly grown faster than poor ones. The two decades after around 1995 were an astonishing exception.