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<ul><li><keyword id="111343" type="General" weightage="80" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>, India’s richest man, has pledged to donate ₹60,000 crore towards charity. </li><li>The charitable efforts will be under the trusteeship of the <keyword id="2542614" type="General" weightage="50" keywordseo="adani-foundation" source="Orion">Adani Foundation</keyword>, and the group says it will enlist sectoral experts to take its efforts forward. </li><li><keyword id="6419840" type="General" weightage="50" keywordseo="azim-premji" source="Orion">Azim Premji</keyword>, one of the most philanthropic persons in India, praised <keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> for his efforts. </li></ul>Gautam Adani, the richest Indian man, has pledged ₹60,000 crore towards charity. That’s a tenth of his total net worth. This pledge was made on Adani’s 60th birthday, and will be used for a range of social causes. The group said that the corpus will be used towards healthcare, education and skill development – all of which are tax-deductible. The Adani Foundation will be holding this corpus as a trustee, and is likely to be partly funded by transferring the stake of promoters in the seven listed companies of the Adani group. According to Bloomberg Billionaires Index and Forbes, Gautam Adani’s networth is around $93-95 billion. Adani received praise from Azim Premji, the founder chairman of Wipro and the Czar of Indian IT. A noted philanthropist himself, Premji praised Adani for pledging his wealth at the “peak of business success”, pointing at the substantial contribution to charity by the Adani group. “The challenges and possibilities of our country demand that we work together as one, cutting across all divides of wealth, region, religion, caste, and more. I wish Gautam Adani and his Foundation the very best in this important national endeavour,” Premji added. Philanthropy is an effort to help and support social welfare causes by way of donations – in money and kind. Most of Indian CSR and charity causes are guided towards education for underprivileged children, the health and development of women and children from backward areas and communities, and skill building amongst youth. <div type="Article" hostid="261" msid="91829090" title="Understanding Gautam Adani’s rise: a story on how to generate wealth via hope, equity and of course debt" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Premji is also the Czar of charity" comment="subhead" text="Premji is also the Czar of charity">Premji is also the Czar of charity</cmsannotation> For the last two decades, Azim Premji has made a large contribution towards various causes that need attention, in India. He set up the <keyword id="120063" type="General" weightage="50" keywordseo="azim-premji-foundation" source="Orion">Azim Premji Foundation</keyword> back in 2001, and has since worked with over 3.5 lakh schools across the country. Premji has also been the biggest philanthropist in India by far, despite not being the richest Indian. In the last two years, he donated over ₹17,600 crore (approx. $2.25 billion at today’s rates) – ₹9,713 crore in 2021 and ₹7,904 crore in 2020. It also made a dent into his personal wealth over the year, in spite of being the head of one of India’s largest IT companies, Wipro. For comparison, in 2021, HCL Tech’s Shiv Nadar donated ₹1,263 crore while Mukesh Ambani donated ₹577 crore. Gautam Adani could follow in the footsteps of Premji in his philanthropy efforts, stated a report by the <a href="https://economictimes.indiatimes.com/news/company/corporate-trends/adani-family-pledges-60000-crore-towards-charity/articleshow/92422992.cms">Economic Times</a>, quoting an unnamed source, without going into detail as to how exactly this will be done. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/indias-crypto-players-bullish-on-hiring-say-crash-is-just-a-phase/articleshow/92425464.cms">India’s crypto players bullish on hiring; say crash is just a phase</a> <a href="https://www.businessinsider.in/finance/news/rbi-kept-the-rupee-exceptionally-stable-so-far-and-the-tide-could-turn-for-the-better-say-experts/articleshow/92414356.cms">RBI kept the rupee ‘exceptionally’ stable so far, and the tide could turn for the better say experts</a> <a href="https://www.businessinsider.in/business/corporates/news/tatas-to-ambanis-adanis-and-birlas-fortunes-of-these-high-debt-companies-could-change-after-rate-hikes/articleshow/92126846.cms">Tatas to Ambanis, Adanis and Birlas – fortunes of these high debt companies could change after rate hikes</a>

Gautam Adani gives a tenth of his networth to charity, Azim Premji is impressed

Amaravati, June 22 (IANS) In a boost to the green energy sector in Andhra Pradesh, Chief Minister Y.S. Jagan Mohan Reddy has cleared pump storage projects proposed by <keyword id="3179546" type="General" weightage="100" keywordseo="Adani-green-energy" source="Orion">Adani Green Energy</keyword> with a total capacity of 3,700 MW. The project was cleared in the State Investment Promotion Board (SIPB) review meeting on Wednesday. Chief Minister Jagan Mohan Reddy has cleared the proposal of investment of Rs 15,740 crore which is a part of the proposed total investment of Rs 60,000 crore by <keyword id="76451" type="General" weightage="20" keywordseo="adani" source="Orion">Adani</keyword> Group in the state of Andhra Pradesh that was discussed during the World Economic Forum meet at Davos recently. The project will generate 10,000 jobs across four districts of Andhra Pradesh. Adani Group has proposed pump storage projects in four districts of the state - two plants to be set up in Parvathi Puram, one in YSR Kadapa, and one in Satya Sai district. In Parvathi Puram, a 1200 MW capacity plant will be set up in Kurukutti, and a 1000 MW plant in Karrivalasa. Meanwhile, a 1000 MW plant will be set up in Gandikota while 500 MW plant in Chitravathi. In each of these districts, Adani Group has proposed that they will be generating 3,000 jobs in Kurukutti, 3000 in Karrivalasa, 1500 in Chitravathi and 2500 in Gandikota. The project is stipulated to commence in December 2022 and is likely to commission in December 2028. While the plants will be set up spanning across 1,490 acres of land, the state government has decided that the land will be leased from farmers at the cost of Rs 30,000 per acre in these districts, which will be transferred to the farmers directly. Meanwhile, the state will be generating a revenue of Rs 2,775 crore from the project in terms of the power stored and an additional Rs 980 crore from the SGST. "This will give a big boost to the state in terms of investment and a positive message as the employment rate continues to rise in the state," Andhra Pradesh CM YS Jagan Mohan Reddy said in the meeting. In other decisions taken in the SIPB meeting, the government has decided to apply for the PM MITRA scheme, which proposes to set up an integrated textile park in YSR Jagananna Mega Industrial Hub at Kopparthy in YSR District. The government, as per the conditions laid down under the scheme, has proposed that they would be fixing the power cost at Rs 4.5 per unit and Rs 60 per TMC of water for the 10-year period of the project. The SIPB has also cleared the setting up of a shrimp processing unit at the food park in Krishna district by Avisa Foods Private Limited. The project would generate 2,500 jobs in 12 months and the company has requested for 11.64 acres of land from the state government of Andhra Pradesh. The SIPB has decided to lease the 11.64 acres at the cost of Rs 1,027 per sqm. The government has also laid out condition that the effluent treatment plant (ETP) would be set up by the company.

Adani green energy projects worth Rs 15,740 cr cleared by AP Govt.

After a round of musical chairs, Musk, Gates and Adani are among 2022’s top 5 billionaires

Automotive component maker <keyword id="14811227" type="General" weightage="50" keywordseo="uno-minda-ltd" source="Orion">Uno Minda Ltd</keyword> on Thursday said its subsidiaries making alloy wheels and switches will expand their production capacity at an outlay of ₹300 crore. According to the company, its subsidiary <keyword id="14811226" type="General" weightage="50" keywordseo="minda-kosei-aluminum-wheel-private-ltd" source="Orion">Minda Kosei Aluminum Wheel Private Ltd</keyword> will be expanding its 4W Alloy wheel capacity by 60,000 wheels/month to 240,000 wheel/month at its plant in Bawal, Haryana. The additional capital expenditure for the aforesaid capacity expansion will be Rs 190 crore. The expansion is expected to be commissioned in two phase with first phase of 30,000 wheel/month in December 2023 and remaining in June 2024. Uno <keyword id="320265" type="General" weightage="100" keywordseo="minda" source="Orion">Minda</keyword> said its other subsidiary <keyword id="14810744" type="General" weightage="50" keywordseo="mindarika-private-limited" source="Orion">Mindarika Private Limited</keyword> (<keyword id="55574" type="General" weightage="50" keywordseo="mrpl" source="Orion">MRPL</keyword>), is setting up a new manufacturing plant at <keyword id="6506208" type="General" weightage="80" keywordseo="farrukhnagar" source="Orion">Farrukhnagar</keyword> (Gurugram, Haryana) to cater to increased demand of 4W Automotive switches from Indian and International customers. The project cost for setting up Phase 1 of the manufacturing plant at Farrukhnagar will be about Rs 110 crore which will be completed by September 2023. The phase 1 of the plant will manufacture part products to be used for manufacturing of auto components. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/seasonal-influenza-cases-rising-in-india-heres-what-we-know-so-far-about-the-flu/articleshow/93776910.cms" style="">Seasonal influenza cases rising in India — here’s what we know so far about the flu</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/adani-group-gmr-group-acquire-franchises-in-legends-league-cricket/articleshow/93774659.cms">Adani Group, GMR Group acquire franchises in Legends League Cricket</a>

Uno Minda subsidiaries to expand at ₹300 cr outlay

New Delhi, Mar 29 () Billionaire Gautam Adani on Sunday announced a Rs 100 crore contribution by his group's philanthropy arm to the Prime Minister's Fund to fight coronavirus outbreak.Adani joins Tata Group, Reliance Industries and other corporates who have come forward to make contribution to fight the unprecedented crisis."Adani Foundation is humbled to contribute Rs 100 crore to the #PMcaresfund in this hour of India's battle against #COVID19," Adani tweeted.Infrastructure conglomerate Adani Group, he said, "will further contribute additional resources to support the government and fellow citizens in these testing times".On Saturday, Tata Sons and Tata Trusts had contributed Rs 1,500 crore for the same cause.Previously, Reliance Industries had made an initial contribution of Rs 5 crore besides opening India's first Covid-19 hospital in Mumbai as also giving free meals through NGOs to the needy and fuel to emergency vehicles transporting infected patients.JSW Group on Sunday donated Rs 100 crore to the PM Fund."Ongoing #COVID19 crisis calls for the entire nation to fight as one collective force. We hope that our contribution to the #PMCaresFund will ably support the govt &amp; the heroes on the frontlines. We're with you all the way! #GoodnessNeverStops," Adani Group said retweeting its founder chairman's tweet.Mankind Pharma has pledged Rs 51 crore to the Delhi CM Relief Fund. ANZ BALBAL

Gautam Adani gives Rs 100 cr to PM Fund to fight coronavirus

New Delhi, Mar 29 () DLF Foundation, the CSR arm of realty major DLF, has donated Rs 5 crore to Haryana CM's relief fund and is also distributing dry ration, cooked meals, face masks and sanitisers to migrant workers affected by the nationwide lockdown. "The COVID-19 has disrupted normal life and business in India and across the world. The need of the hour is to protect all sections of society in the country and to keep them safe and protected," DLF Foundation said in a statement. "Rs 5 crore has been donated to the Chief Minister's Relief Fund in Haryana," it said. Enumerating some other steps taken, DLF Foundation said the organisation in coordination with the district administration is providing cooked meals to more than 60,000 migrant labourers in Gurugram and Manesar. DLF Foundation has roped in Akshay Patra for delivery of hot cooked meals and their kitchen is providing meals for migrant workers. It distributed dry ration family packs to over 15,000 families in Gurugram and Manesar. The food pack contains 5 kg atta, 2 kg rice, besides pulses, spices, salt and cooking oil. DLF Foundation donated 50,000 face masks, 3 lakh examination gloves and sanitisers to the district authorities in Gurugram, while 25,000 face masks have been given to the municipal authorities in Faridabad. For Delhi and Noida, DLF Foundation in coordination with the district administration and other authorities provided meals for nearly 25,000 migrant workers on Sunday. DLF Foundation was established in 2008 as a charitable organization, under the direct patronage of K P Singh, the Chairman of DLF Group. MJH ANUANU

DLF Foundation donates Rs 5 cr to Haryana CM's relief fund

New Delhi, Mar 30 () Engineering and construction giant Larsen &amp; Toubro (L&amp;T) on Monday announced Rs 150 crore donation to the PM-CARES Fund to fight the coronavirus outbreak and said it has set aside over Rs 500 crore per month to support about 1.60 lakh contract workers. L&amp;T joins a list of other corporates including Tata Group and Reliance Industries who have come forward to offer their support to fight this unprecedented crisis. The company said it has set aside an outlay of over Rs 500 crore per month to support about 1.60 lakh contract workers by continuing to pay their wages during the ongoing lockdown and providing them with food and basic amenities at labour camps, while maintaining the COVID-19 prevention and containment protocol. "Responding to the call given by Prime Minister of India, the company will donate Rs 150 crore to the PM-CARES Fund," the company said in a statement. The diversified conglomerate said it is committed to participate in corporate India's response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance. "We are helping India's fight against COVID-19 by way of immediate funding, and through a range of welfare initiatives including converting our training schools into Isolation Centers," Larsen &amp; Toubro Group Chairman AM Naik said. The group said, it is considering transforming all company-owned training centers and other select establishments into isolation wards. The company has also committed to offer use of its community Health &amp; Medical Centers 24X7 and use ambulances to transport patients to nearest hospitals, it said. L&amp;T Smart World &amp; Communication, a business unit of Larsen &amp; Toubro, has installed smart technologies in over 20 major cities, including Mumbai, Pune, Nagpur, Prayagraj, Ahmedabad, Visakhapatnam, Hyderabad and others. Besides, ensuring 24X7 availability of ambulances, doctors and other medical facilities to workmen and employees across locations, it is sending SMS alerts, in English, Hindi and other vernacular languages, to workmen and employees on COVID-19, its symptoms, testing facilities available locally. Besides, it is relaying various health advisories and related messaging to 1,20,000 employees, daily, it said adding it has closed all offices and other establishments as per government directives and is encouraging employees to work from home. The efforts also include formation of COVID-19 Response Teams across businesses to take timely action and Decision Response Team at corporate level to keep vigil on the evolving situation and take necessary actions. On Saturday, Tata Sons and Tata Trusts had contributed Rs 1,500 crore for the same cause. JSW Group on Sunday donated Rs 100 crore to the PM Fund. While, bllionaire Gautam Adani on Sunday announced a Rs 100 crore contribution by his group's philanthropy arm to the Prime Minister's Fund to fight coronavirus outbreak. Previously, Reliance Industries had made an initial contribution of Rs 5 crore besides opening India's first Covid-19 hospital in Mumbai as also giving free meals through NGOs to the needy and fuel to emergency vehicles transporting infected patients. NAM DRR

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Gautam Adani gives a tenth of his networth to charity, Azim Premji is impressed

Rounak Jain

Adani green energy projects worth Rs 15,740 cr cleared by AP Govt.

IANS

After a round of musical chairs, Musk, Gates and Adani are among 2022’s top 5 billionaires

Rounak Jain

Uno Minda subsidiaries to expand at ₹300 cr outlay

IANS

Gautam Adani gives Rs 100 cr to PM Fund to fight coronavirus

PTI

DLF Foundation donates Rs 5 cr to Haryana CM's relief fund

PTI

L&T announces Rs 150 cr donation to PM-CARES Fund to fight COVID-19

PTI

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