One of India’s leading technology moguls made headlines recently after planning to donate billions to help fund a brand-new education initiative. The Associated Press reports that Azim Premji, chairman of Wipro, will donate 213 million shares of stock, estimated to be worth 88.4 billion rupees, or $1.95 billion, to the Azim Premji Foundation by December [...]

The founder of the Lodestar Foundation was recently named one of the most effective philanthropists in the world by Barron’s magazine. Jerry Hirsch was recognized by the magazine as one of the top 25 most effective philanthropists of 2010. The second annual list, which was created with the help of the Global Philanthropy Group, sought [...]

The world’s richest man recently touted the importance of philanthropy during a meeting in Tijuana, Mexico. Carlos Slim, whose net worth is over $50 billion, spoke to a crowd of more than 1,000 business people in order to emphasize how important it is for corporations to donate to charitable causes, even if it means an [...]

Thanks to a recent gift from an Indian business group, one of the most well-known business schools in the world will be $50 million richer. India’s Tata Group, which owns 28 companies and is worth $80 billion, became the largest international donor to Harvard Business School in its 102-year history. The money will go toward [...]

Following the recall of hundreds of Toyota units since October 2009, an investigation was conducted by the Department of Transportation on the sudden acceleration spurts that owners of Toyota vehicles have complained about. These “runaway Toyotas” have reportedly been the cause of 39 deaths due to vehicle accidents as of February 2010. Drivers have frequently [...]

Avista Capital Partners, a private equity investment firm located in New York City, NY; and Carrizo Oil & Gas Incorporated, an energy business from Houston, Texas; announced its collaborative efforts to engage in Marcellus Shale growth opportunities. In their agreement, each company was said to provide up to $150 million cash and properties in acquiring [...]

Despite having initially announced last June 19 that it will readjust its currency’s exchange rate, China’s export surplus surged up to $28 billion in July, the highest it’s ever been in the past 18 months. Senator Charles Schumer, a strong critic of Chinese trade policy, said that this is evidence that China did not honor [...]

Entertainment and movie production company Walt Disney Corporation has raked in $1.3 billion in the third quarter of this year, which is up by 40% compared to the same quarter last year in 2009 with $954 million. This is largely attributed to the revenues on Walt Disney’s ESPN coverage of the 2010 Fifa World Cup [...]

Top performing employees of Cydcor were rewarded with a weekend of fun and entertainment in Miami Beach as the company combined employee incentives with a social charity to help its employees make a difference. Top performing employees of Cydcor were rewarded with a weekend of fun and entertainment in Miami Beach as the company combined [...]

There is a silver lining that Dell can turn to in the midst of all the difficulties that the US corporate world generally experienced early this year. The final reports for the second quarter earnings (for the month end of July) have been released last August 19, 2010 and they show good news for the [...]