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Social consciousness is increasingly becoming a differentiating factor for businesses globally and therefore corporates and small and medium enterprises in India should strictly adhere to ESG (Environmental, Social, and Governance) standards, urged Geetanjali Vikram Kirloskar, chairperson and managing director, Kirloskar Systems and chairperson, Toyota Tsusho Insurance Broker India. This trend was driven by the fact that organisations across the globe preferred to do business with companies that have a reputation for sustainability, and ethical governance hence it was important for Indian businesses to embrace ethics, better governance and social consciousness, she said, while speaking at the opening session of Bangalore Chamber of Industry and Commerce (BCIC) Leadership Forum 2023-24 in October 2023.  “It is imperative that larger companies work with their suppliers in decarbonising their value chain. Going forward, social consciousness will be a differentiating factor for busines...

Bengaluru, India: IMTEX Forming 2024, organized by the Indian Machine Tool Manufacturers’ Association (IMTMA), was inaugurated on January 19, 2024, at the Bangalore International Exhibition Centre (BIEC), Bengaluru. Mrs. Geetanjali Vikram Kirloskar was invited as the Guest of Honour at the Inauguration Ceremony of IMTEX FORMING 2024. The exhibition was inaugurated by C K Venkataraman (MD, Titan Company Limited) and Geetanjali Vikram Kirloskar (CMD, Kirloskar Systems Limited). Jamshyd N Godrej (Chairman-Exhibitions, IMTMA), Rajendra S Rajamane (President, IMTMA), Mohini Kelkar (VP, IMTMA), and Jibak Dasgupta (DG & CEO, IMTMA, and BIEC) shared the dais at the inauguration. IMTEX Forming 2024 demonstrates the strengths, capability, and skills of the metal forming machine tool industry and its determination to succeed in a competitive open market. Occupying a premier position in Asia, the exhibition is an ecosystem that spurs manufacturing growth. At the event, Mrs Kirloskar briefly sp...

Bengaluru, India: Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-25 at the Parliament today, a day after the commencement of the Budget Session. The interim budget provided estimates of the government’s expenditure, revenue, fiscal deficit, financial performance, and projections for the upcoming months. Sharing her views on the focus laid on innovation and R&D, Geetanjali Vikram Kirloskar, Chairman and Managing Director, Kirloskar Systems Limited said, “The announcement of a corpus of Rs 1 lakh crore for long-term, interest-free loans is aimed at boosting innovation. This move is expected to encourage industries to have a more focused approach towards research and innovation, particularly in emerging areas such as renewable energy and battery storage.” The finance minister concluded her budget presentation with a positive outlook, signalling the government’s determination to continue fostering inclusive growth and development. Reiterating this, Mrs Kirloskar ...