Standard & Poor`s downgrades Greece to just above default

Last Updated: Saturday, February 7, 2015, 00:05

Standard and Poor`s downgraded Greece`s credit rating on Friday to B-, just one notch above the range indicating vulnerability to a default, warning Athens had limited time to reach a deal with creditors.

30 crore people still live in extreme poverty in India: Report

Last Updated: Wednesday, February 4, 2015, 20:38

About 30 crore people still live in extreme poverty in India even as the Millennium Development Goal (MGD) programme will expire in December, a United Nations report has said.

S&P reaches $1.5 bn deal with US, states over crisis-era ratings

Last Updated: Tuesday, February 3, 2015, 21:22

Ratings firm Standard & Poor`s will pay $1.5 billion to resolve a series of lawsuits over its ratings on mortgage securities that soured in the runup to the 2008 financial crisis, the company said on Tuesday.

Lives of poor people are expected to improve faster: Bill Gates

Last Updated: Saturday, January 24, 2015, 17:03

The lives of people in poor countries is expected to improve faster in the next 15 years as innovation and technology drives optimism for a sustainable future, says leading philanthropist Bill Gates.

S&P lowers Saudi, Oman outlook on low oil price

Last Updated: Saturday, December 6, 2014, 16:59

Standard and Poor`s has lowered the outlook for the world`s top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices.

Cannot revise BPL criteria unilaterally: Guj govt

Last Updated: Sunday, February 2, 2014, 22:58

Gujarat government today clarified that it had not issued any new guidelines for identification of Below Poverty Line families, saying it could not take such a step unilaterally without involving the Centre.

Dearth of films on poor, marginalised people: Aparna Sen

Last Updated: Saturday, February 1, 2014, 09:59

Aparna Sen Friday lamented the dearth of movies in India showcasing the plight of the marginalised communities and the urban and rural poor.

IGNOU scholarships for poor students

Last Updated: Sunday, January 26, 2014, 13:28

The Indira Gandhi National Open University(IGNOU) will soon announce scholarships for children from economically backward families, vice chancellor M. Aslam said Sunday.

Widening rich-poor wealth gap biggest risk for decade: WEF

Last Updated: Thursday, January 16, 2014, 19:41

A growing rich-poor income gap is the biggest risk the world is facing for the next decade, while failure to create a sustainable healthcare system may create social unrest in countries like India, the World Economic Forum (WEF) said Thursday.

S&P 500 index trades above all-time closing high

Last Updated: Thursday, January 16, 2014, 04:40

The Standard and Poor's 500 index rose above its all-time closing high today as investors bid up stocks of financial and technology companies. Bank stocks rose sharply after Bank of America reported that its profit surged to USD 3.44 billion in the fourth quarter. Apple was up 2 per cent.

New gas price mechanism to to boost profits of ONGC, RIL: S&P

Last Updated: Tuesday, January 14, 2014, 19:54

Global rating agency Standard & Poor's (S&P) Tuesday said the government's decision to increase domestic gas prices is likely to benefit two major gas producers Oil and Natural Gas Corp (ONGC) and Reliance Industries Ltd (RIL).

Kerala launches lottery to help poor girls` wedding

Last Updated: Thursday, January 2, 2014, 12:17

The Kerala government has decided to launch a weekly lottery to mobilise funds for providing financial support for wedding of girls from poor families.