Charity donations have suffered as the uber-rich are preferring to maintain their opulent lifestyles over philanthropy in the gloomy economic environment, a specially commissioned report to "decode" the high networth families said.
Noel Tata -- the half-brother of late Rata Tata -- who takes over as chairman of Tata Trusts, has been with the Tata Group for over four decades, slowly rising through the ranks in the salt-to-software conglomerate. Having functioned mostly under the shadows of his illustrious half-brother, Noel (67) will now have the responsibility of leading the Tata Trusts -- broadly comprising Sir Ratan Tata Trust & Allied Trusts, and Sir Dorabji Tata Trust & Allied Trusts -- that hold a controlling 66 per cent stake in Tata Sons, the holding and promoter firm of Tata Group companies.
Our financial efficiency rankings can help you get started when you are deciding where to give.
Jhunjhunwala said that his decision was personal and might not have anything to do with Buffett's pledge.
The disclosure was made by the BBC Two programme Newsnight, which was told by a former employee of the school that it received thousands of pounds from City Council and other sources.
The first leg of Djokovic's Adria Tour is being held at his tennis complex by the Danube River, with Germany's Alexander Zverev, Austrian Dominic Thiem and Bulgarian Grigor Dimitrov arriving for the event.
A new Team England Footballers' Charity has pledged a minimum of one million pounds over the next four years.
India may be on the road to becoming an economic superpower, but it is one of the least charitable nations in the world, according to the World Giving Index published by the Charities Aid foundation
Test opener Wasim Jaffer expressed surprise over BCCI secretary Niranjan Shah's statement that he asked permission to play charity games in Saudi Arabia.
Rammu Guru, the head priest of the temple, said, "Sai Baba was being worshiped without proper knowledge, which is forbidden according to scriptures."
Hungry Palestinian children wait to receive food cooked by a charity kitchen amid shortages of food supplies in Rafah, southern Gaza.
Using the western concept of a wedding registry, many couples are directing the attention of their friends and relatives to a donation registry and encourage them to give directly to their favourite charity in lieu of a gift.
Wipro Chairman Azim Premji on Friday said he has already given more than 25 per cent of his personal wealth to charity, but acknowledged it's not easy to use money well in philanthropy.
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Lance Armstrong has stepped down as chairman of the charity he founded, Livestrong, after US anti-doping officials issued a scathing report detailing his use of performance-enhancing drugs.
There is no shortage of books on the Microsoft founder, but this latest one is different in that it paints Mr Gates in shades of grey, leaving it to readers to make their own judgement about the man
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
Federer's charity foundation had been working in Malawi since 2011 and has already opened 80 pre-schools across the country.
Perhaps Kay Kay Menon should choose his projects carefully, instead of wasting his talent like this, observes Deepa Gahlot.
Tendulkar and Courtney Walsh are set to coach the star-studded Ricky Ponting XI and Shane Warne XI, respectively, in the match organised to raise funds for victims.
His agent Bo Gustavsson told Reuters he had passed away Monday morning.
A British man who calls himself the 'Hardest Geezer' has become the first person to run the entire continent of Africa after a gruelling challenge that has taken 352 days.
To reduce their reliance of foreign transactions, terror outfits are now using charity organisations and NGOs. The money is collected legitimately but distributed illicitly, reports Vicky Nanjappa
Top German club Bayern Munich will play a charity football match to support the street children of Kolkata.
Hotel heiress Paris Hilton's mega-rich grandfather has bequeathed $2.3 billion or 97 per cent of his net worth to charity, sharply diminishing her chances to cash in on the family fortune.
This makes him corporate India's biggest donor to society.
'Jobs will exist at very high levels or low levels of skill sets.' 'People, who are in middle level jobs, are the ones who are facing the problem as such jobs are fast disappearing because of technological advancement.'
A suicide bomber targeted the humanitarian organisation Care in the Shar-e-Naw area and gunmen then stormed the building.
David Beckham's salary at Paris St Germain will be donated to a children's charity in Paris, the former England captain said on Thursday.
Buffett typically makes his donations in July, reducing the number of shares by 5 percent from the prior year.
Bangladesh based Harkat-ul-Jihad-al-Islami, a militant outfit responsible for a series of terror attacks in the country and India was trying to mobilise foreign funds by setting up a charity to carry out subversive activities under its garb.
Coal is a valuable natural resource and it cannot be allocated for charity, the Supreme Court said on Wednesday and sought explanation from the Centre on what basis it gave away the resources to private companies.
Despite Sachin Tendulkar scoring an unbeaten fifty, International XI lost to Pakistan XI in the charity match in England.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Jose Mourinho's next managerial role has been revealed with the Portuguese leading 'England' against Claudio Ranieri's 'Rest of the World' side as the former Chelsea bosses clash at Old Trafford on June 5 in a charity match for UNICEF.
He is the lone face of Indian sports in a high-profile gathering of international stars at the Laureus World Sports Awards and football skipper Bhaichung Bhutia on Monday said it is the ultimate honour to be in a crowd that features the likes of the legendary Sir Bobby Charlton, Boris Becker and Patrick Vieira.
Sri Lanka on Wednesday offered to play a charity match with an Indian cricket team to raise money for the victims of the Mumbai terror attacks.
Wealthy people are now donating less for charitable purposes, although they still feel an obligation towards such social work, a survey has revealed
