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Firms under scrutiny

1,000 Indian firms under scrutiny for unspent CSR funds

Companies that are holding back on their corporate social responsibility (CSR) spending and are re-routing the funds to the balance sheet could soon face the music as the government is mulling amendment to the Companies Act to make the errant firms fall in line. The new restrictions on the CSR funds will be part of...
Fearless Women Run

Fearless Women Run at Midnight To Reclaim Their Freedom

In 1966, James Brown sang “It’s a man’s man’s world”, and while the man was a lyrical genius, United Sisters Foundation organised the 5 kilometers Reebok Fearless Run in association with Mumbai Police at the Asiatic Library, Horniman Circle, Mumbai to remind the world that it is no longer 1966, and we are here to inspire change. The REEBOK FEARLESS! RUN is...
Interglobe restoring ancient well

InterGlobe Foundation restoring a 19th century water structure

On December 4 and 5, InterGlobe Foundation and Seva Mandir inaugurated a Heritage Restoration and Waste Management project in Delwara and Kumbhalgarh towns of Rajasthan respectively. Both the towns have immense historic and tourist value. InterGlobe Foundation, the philanthropic arm of InterGlobe Group has partnered with Seva Mandir, a rural development NGO based in Udaipur,...
Gateway of India

CSR report: Maharashtra receives largest amount of money for CSR

Maharashtra topped the list of states receiving the largest amount of money for CSR, followed by Gujarat and Rajasthan, while eight states saw a decline in spends, according to a report compiled by Prime Database. Inequalities reduction, national heritage, the Armed forces, sports, technology incubators and slum development were the most neglected areas when it...
House of Representatives in Manila

Philippines: House of Representatives supports the practice of CSR

The House of Representatives is not only an amalgam of zealous individuals working toward a more productive 17th Congress. The working house is also a caring house. This shows in various measures supporting the practice of corporate social responsibility in the Philippines. It also shows in the push from Speaker Gloria Macapagal-Arroyo for the urgent...
line of code

Nasscom meet to focus on CSR trends in IT industry

Indian IT industry apex body’s social arm Nasscom Foundation is hosting a conference in Bengaluru on December 10-11 to discuss corporate social responsibility (CSR) trends in IT industry. “The CSR Leadership Conference will discuss innovative approaches to CSR and help create a roadmap to a new, developed and inclusive India,” the Nasscom Foundation said in...
World Bank logo

World Bank Group commits $200 billion over 5 Years for Climate Action

The World Bank Group announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. The new plan significantly boosts support for adaptation and resilience, recognizing mounting climate change impacts on lives and livelihoods, especially in the world’s...
Dharmendra Pradhan

Petroleum minister’s appeal to companies: Spare more than 2% of profits on CSR

Petroleum minister Dharmendra Pradhan urged the industry to spend up to 10% of their profit on corporate social responsibility (CSR) as this is needed to help the country develop faster. The comments come even as reports suggest that the NSE-listed companies found no takers for their CSR funds to the tune of INR 1,717 crore...
mushrooms

Scientists Have Discovered How to Generate Electricity From Mushrooms

When Sudeep Joshi, a postdoctoral researcher at the Stevens Institute of Technology, sat down to a lunch of mushrooms with his colleagues, it struck him that mushrooms could be used in his experiments to generate electricity from cyanobacteria, according to the BBC. Joshi and his colleagues had been trying to draw electricity from cyanobacteria after...

PepsiCo offers students a chance to fund their big idea

As part of their journey to attract talent and empower the youth, PepsiCo India, one of the largest food and beverage companies in the country, conceptualised a campus challenge called - ‘Change the Game’. The initiative, now it its third edition, is a much sought-after campus challenge that provides young talent a platform to...

CSR spend by NSE-listed companies up by 11% in 2017-18

The Corporate Social Responsibility spend by NSE-listed companies crossed INR 10,000 crore, witnessing an increase of 11% in 2017/18. This analysis, based on 1,080 companies, was released by nseinfobase.com, which is developed and powered by PRIME Database Group, The CSR Journal reports. The average net profit of these 1,080 companies over last three years was...
Iran soccer

FIFA Wants Iran to Lift Its Ban on Women in Stadiums

World football's governing body FIFA said it would work with Iran to end a long-running ban on women attending matches but offered no insight on when to expect the breakthrough. FIFA Secretary General Fatma Samoura made the announcement after she met Maryam Qashqaei Shojaei, a prominent Iranian campaigner who made headlines at this summer's World...

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