The HCL Foundation will announce grants of Rs 5 crore each in the fields of education, health and environment through pan-India symposia on “Corporate Social Responsibility (CSR) for Nation Building: The HCL Grant”. The HCL Foundation symposia are being held “to drive inclusive development models that are innovative, add equitable value and help NGOs gain …
HCL to announces corporate social responsibility grants Read More »
It is important to ensure that companies do not use spending on Corporate Social Responsibility (CSR) as a proxy for promoting their brands. There has been a debate in Bengaluru recently relating to a donation made by construction firm Puravankara to the Suchitra Cinema and Cultural Academy Trust.
Bajaj Group patriarch Rahul Bajaj has asked the government to clarify whether the Indian firms spending two per cent of their profits on corporate social responsibility, as mandated by the new company law, should get tax exemption on it. Citing the conflicts in the tax laws, the veteran industry leader said that when the …
Bajaj wants govt to clarify on tax exemption on CSR spending Read More »
President Pranab Mukherjee has urged India Inc to leverage corporate social responsibility to address higher developmental challenges in India. He said that the country needs visionary business leaders to catalyse the growth process. “I would like to remind industry that just as much as the funds, the country also needs your ideas, energy and drive. I urge …
Leverage CSR to address developmental challenges: President Read More »
In 2010, when the suicide rate of Apple Inc.’s largest contract manufacturer drew international media attention, it wasn’t good for business. As images of Foxconn employees falling from the company’s main production building in China circulated, the company’s reputation among American consumers plummeted.
