CSR

CBI probing irregularities in SAIL's CSR program

The Central Bureau of Investigation has initiated investigations in two cases relating to alleged irregularities in steel major SAIL's corporate social responsibility (CSR) activities, Parliament was informed on Monday. "The CBI has since initiated investigation in two cases relating to irregularities in CSR activities of SAIL," Steel Minister Beni Prasad Verma said in a written reply to the Lok Sabha. ...  

Is government's moves to force CSR diktat out of line?

These days, any conversation on Corporate Social Responsibility (CSR) tends to evoke a very strong response. That's because there is a large section of business leaders who believe that the government's move to force companies of a certain size to spend at least 2 per cent of their profits on CSR is completely out of line. ...  

Time for great self reflection: CSR director on Delhi gangrape

Ranjana Kumari, Director of Centre for Social Research, has slammed the police and the people, who did nothing to help the 23-year-old braveheart and her male friend after they were thrown out of a moving bus by the six accused. "I think it is time for tremendous self reflection and people should understand that blaming the government is not the only option," she said. ...

Bharatpur: Pharma firm's initiative to end poverty

Bharatpur: Corporate social responsibility is becoming more than a buzz word. A pharma company's CSR initiative is aiming to make Bharatpur in Rajasthan, India's first poverty free district in the next few years. Lupin Foundation, the pharma company, is helping employ thousands of villagers. Shyam Kishore, 30, is a poultry farmer. In five years, his life has changed, and all for the better. Starting with 300 chicks in a small...  

Samsung buys chipmaker CSR's handset technology

London: British chip firm CSR has sold its mobile phone connectivity and location technology to Samsung for $310 million in cash in a deal that boosts the South Korean company's patent portfolio. Samsung will also invest $34.4 million in buying a 4.9 per cent stake in CSR at a price of 223 pence a share, CSR said in a statement on Tuesday. CSR said the deal would enable it to...  

Azim Premji slams Govt's proposed CSR law

New Delhi: The Centre's proposed law making spending on Corporate Social Responsibility (CSR) mandatory is drawing heavy criticism from India Inc. Slamming the government's proposed move saying legislation will bring in abuse, India's biggest philanthropist Azim Premji says there is no need for a law on mandatory CSR spending. Speaking at a press conference with Warren Buffet and Bill Gates, Wipro Chairman Azim Premji said he felt larger companies had...  

Satyam wins Corporate Social Responsibility award

Satyam has been working on sustainable rural, urban transformation. ...