Csr

The list features 191 philanthropists (12 new entrants) who cumulatively donated Rs. 10,380 Crores - up by 85% compared to three years ago.

Bogus trusts suspected of laundering CSR funds uncovered in I-T raids, search set to widen

A suspected CSR-linked laundering network is under probe after I-T Department uncovered bogus trusts in recent raids. A multi-city crackdown is now on cards to identify the corporates involved with such trusts.

Future-Proofing India’s Workforce: How CSR can mitigate AI-driven job displacement

As AI reshapes the workforce, India must leverage CSR and government programmes to upskill workers, minimise displacement, and build inclusive growth through ethical policies, corporate responsibility, and strategic reskilling initiatives

Environment spending from corporates up 38% from pre-Covid period; govt expenditure rises 24%

In the two years following the pandemic, FY22 and FY23, India’s corporates spent Rs 5,347 crore compared with Rs 2,841 crore spent in the two years prior to the pandemic—FY19 and FY20

HDFC Bank CSR spend crosses Rs 945 crore in FY24

The bank's CSR programme, Parivartan, has been active for over a decade and its initiatives, spread across 28 states and 8 Union Territories, have impacted over 10 crore lives, HDFC Bank said in a release.

Next NPO listing to target Rs 14-crore raise, outshines past eight combined

The NSE's social stock exchange has 65 NPOs registered and eight that are already listed. SGBS Unnati Foundation was the first NGO to list on India's social stock exchange in December 2023.

Hyundai's CSR wing launches initiative to preserve tribal and cultural heritage

These initiatives have helped preserve India’s rich culture, while creating livelihood opportunities for the artists and contributing to their social wellbeing, the statement said.

Not a bond, not a share: India's first social stock exchange listing a story of many wins and many losses

The social stock exchange will see NGOs get wider access to donors across the country.

B20 Summit: Uday Kotak pushes for need to find ways for companies to contribute 0.2% profit to G20 goals

Earlier, addressing the inaugural session of the summit, B20 Chair N Chandrasekaran expressed his optimism in India's progress, emphasising that 'India's growth journey will shape the world's future'.

Infosys Foundation felicitates eight social innovators at Aarohan Social Innovation Awards

The three winners won Rs 50 lakh as prize money, while five jury's special awardees won Rs 10 lakh each.

For tech edge, SBI gives Rs 22 crore for banking data and analytics hub at IIT-Bombay

The hub will look to address the unique challenges faced by the Indian banking and financial services sector and also help SBI enhance AI capabilities, the state-owned lender has said

CSR or not, support relevant causes for sustained business growth

SMEs don’t have to wait for mandatory CSR to support a cause. The image of a responsible business can go a long way—a small business needn’t stay small forever

"Strategic CSR today is more about aligning CSR to the business context": Meena Raghunathan

"Development processes... need both patience and innovation. We are dealing with people, change processes and field situations, not production or marketing where targets can be set and met."

Nirmala Sitharaman launches 52 projects sponsored by firms as CSR in Nagaland

Sitharaman launched the projects during the inaugural ceremony of the three-day CSR and Investment Conclave here, in which more than 100 corporate delegates and investors took part.

IIT Madras raises Rs 131 crore from alumni and corporates in FY22, up 30% YoY

Some of the older IITs including IIT-Madras are increasingly tapping alumni and corporates to contribute so that they can accelerate their growth, fulfil their desire to expand, pursue R&D activities, and rely less on annual government budegeratry grants.

Coal India spends more than Rs 1,600 crore on CSR in last 3 years

The mandated target for expenditure on CSR by Coal India (CIL) during the last three years was Rs 1,284 crore.

RBL Bank raises Rs 5.20 crore fund via CSR initiative for inclusive education

The private sector lender-organised its 8th edition of cyclothon which had 159 cyclists pedal over 1.14 lakh km since October this year to raise the money for two schools, one each located in Hyderabad and Maharashtra, a statement said.

Vedanta's CSR initiatives impacted lives of 4.23 crore people in FY21

Releasing its maiden social impact -- CSR report, the company said it has spent Rs 331 crore in the last financial year on various CSR activities with a focus on pandemic relief works, children's well-being and education, women empowerment, healthcare, sustainable agriculture and animal welfare, environment protection and restoration, development of community infrastructure, among others.

ESG is here to stay and it will disrupt business models: Richard Rekhy

The former CEO of KPMG India talks about biases hindering the wider adoption of ESG, why it's time for companies to walk the talk, and how the future valuation of firms will depend on their ESG report card.

Govt mulls proposal to mandate CSR spending by LLPs, PSBs: Report

Limited liability partnership firms and state-run banks come under the LLP Act, 2008, and the Banking Regulation Act, 1949, which do not mandate compulsory CSR spending.

Olympics | The role of NGOs and CSR in creating champions

Despite budgetary cuts in sports programmes, the involvement of private entities has given Indian Olympic sportspeople more than a foot up 

Govt sanctioned prosecution in 366 cases related to CSR norms violations: Nirmala Sitharaman

"Whenever any violation of CSR provisions is reported, action against such non-compliant companies are initiated as per provisions of the Act after due examination of records and following due process of law. All CSR related defaults are compoundable."

HDFC Bank to set up COVID care infrastructure under its CSR initiative

The bank has committed an initial amount of Rs 100 crore under Parivartan in FY22 for COVID-19 relief initiatives. In FY21, HDFC Bank had contributed Rs 120 crore towards the same cause.