SBI creates foundation for group CSR activities

Last Updated: Sunday, May 17, 2015, 12:51

The nation's largest lender State Bank of India (SBI) has created a separate company, SBI Foundation, to carry out its massive CSR initiatives and hopes to get it "running" from July.

Reliance Life to add 20,000 agents in next fiscal

Last Updated: Tuesday, March 24, 2015, 19:48

Reliance Life Insurance will add 20,000 agents during the next financial year, a company official said today.

ICSI seeks mandatory audit for CSR activity

Last Updated: Sunday, March 22, 2015, 10:50

Institute of Company Secretaries of India (ICSI) is for introduction of audit of Corporate Social Responsibility (CSR) activity.

CSR spend may grow over 4 times to $2.5 bn: Study

Last Updated: Sunday, February 15, 2015, 10:54

The CSR norms came into effect from April 1 last year through the Companies Act, 2013, which is being implemented by the Corporate Affairs Ministry.

India Inc must make 'growth with equity' as CSR goal: Ansari

Last Updated: Monday, February 2, 2015, 23:22

Asking India Inc to embrace the concept of 'growth with equity' as part of their Corporate Social Responsibility (CSR) motto, Vice-President Mohammad Hamid Ansari Monday said industries should voluntarily take up community projects instead of being pushed by laws to to do.

'Eight Indian companies in Fortune 500 spend $81 mn/year on CSR'

Last Updated: Sunday, January 18, 2015, 12:28

As many as eight Indian companies in Fortune Global 500 list including Reliance Industries and ONGC spend as much as USD 81 million a year on Corporate Social Responsibility (CSR) activities, a report says.

ICICI Bank adopts village in Gujarat to make it digital

Last Updated: Tuesday, December 30, 2014, 23:38

The announcement was made by ICICI Bank Chairman and Managing Director Chanda Kochhar during her courtesy meeting with Gujarat Chief Minister Anandi Patel at Gandhinagar Tuesday.

Infosys to expand CSR activities in Americas, spend $5 mn a year

Last Updated: Tuesday, December 30, 2014, 18:41

Country's second largest software services firm Infosys will expand its Corporate Social Responsibility (CSR) activities in the Americas to focus on making quality computer science education widely available.

No specific tax exemption for companies' CSR expenses: Govt

Last Updated: Friday, December 5, 2014, 17:17

The new companies law, which came into force from April 1, requires certain class of profitable corporates to shell out at least 2 percent of their three-year annual average net profit towards CSR works.

Law making, fraud fighting make 2013 a watershed year for MCA

Last Updated: Tuesday, December 31, 2013, 15:17

Strengthening its efforts, the Ministry is now working on early fraud warning mechanism as well as on having a robust data dissemination system.

Par panel for action against CIL officials for CSR funds

Last Updated: Wednesday, December 25, 2013, 19:51

The Committee has said that although the Coal Ministry has replied that they have intentions to spend the money for CSR activities but in reality it seems that they do not have serious intention to spend it.

Govt can't tell companies on how to spend CSR money: Pilot

Last Updated: Friday, December 20, 2013, 18:40

The new Companies Act, 2013, requires certain class of profitable entities to shell out at least three percent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities.