The Bane And The Boon Of ESG Funding

Environment, Social, Governance, or ESG has been a buzzword for a while now. A large number of investors and companies are getting conscious about the projects they put their money in. Being mindful of one’s surroundings is a necessity now more than ever before.   Recognising this fact, BW Businessworld organised its second edition of India’s Most Sustainable Companies. As a part of this event, a panel on ‘The Boon And The Bane Of ESG Funding’ was held. A scintillating discussion was held with some of the biggest names in…

Read More

PFC Consulting Transfers Two Subsidiaries To Adani Transmission

State-owned Power Finance Corporation on Wednesday said its arm PFC Consulting Ltd has transferred two wholly-owned subsidiaries to Adani Transmission Ltd for implementing power transmission projects. Adani Transmission had emerged as the successful bidder for these two transmission projects on January 18, according to a BSE filing. As per the filing, the two firms that are transferred to Adani Transmission are Karur Transmission Ltd and Khavda-Bhuj Transmission Ltd.  Karur Transmission Ltd is established for the development of “evacuation of power from RE (renewable energy) sources in Karur/ Tirrupur Wind Energy…

Read More

Cos Spending On COVID Jabs For Individuals Except Staff To Be Considered CSR Activity

The corporate affairs ministry, which is implementing the Companies Act, 2013, has issued a clarification in this regard Companies spending funds on COVID vaccination for individuals other than employees and their families will be considered as a CSR expenditure. The corporate affairs ministry, which is implementing the Companies Act, 2013, has issued a clarification in this regard. In March 2020, the ministry had said that spending on COVID-19 would be considered as a Corporate Social Responsibility (CSR) activity. ‘… it is further clarified that spending of CSR funds for COVID-19…

Read More