South Indian Bank, Choice International Welcome RBI Policy

South Indian Bank and Choice International Welcome RBI’s Balanced Policy Stance and Investor-Friendly Reforms

“The RBI‘s decision to keep the repo rate unchanged at 5.25% while maintaining a neutral stance reflects a balanced, prudent approach amid global uncertainties. With GDP growth revised to 6.6% and CPI inflation at 5.1% within the target range, the central bank rightly flags upward inflation pressures while demonstrating confidence in India‘s resilient economy. For the banking sector, this policy provides stability for asset-liability management and sustained credit growth. For borrowers, the status quo ensures no immediate change in loan servicing costs, offering a stable environment for home, vehicle, and business loans. The cautious neutral stance underscores the RBI‘s commitment to monitoring inflation and global developments before further action, with rates expected to remain low for an extended period. The regulatory measures are equally significant. The proposal to increase NRI/OCI investment limits in listed equity without SEBI registration, extended to all individual PROIs, plus the removal of capital gains tax on government securities for foreign investors, will strengthen foreign currency inflows and banking liquidity. For banks with strong NRI customer bases, the FCNR(B) deposit relaxation aids deposit mobilisation and funding flexibility. Improved forex liquidity and greater foreign participation in government bonds contribute to a stable operating environment. As Governor Sanjay Malhotra noted, India‘s economy is ‘in a good spot,’ and this policy appropriately balances growth with macroeconomic stability amid external uncertainty, creating a conducive environment for responsible credit expansion and financial inclusion.”

 “The RBI‘s decision to keep the repo rate unchanged at 5.25% while maintaining a neutral stance reflects a balanced, pragmatic approach amid elevated global uncertainty and rising crude oil prices. The upward revision in CPI inflation projections to 5.1% and GDP growth outlook to 6.6% highlights the central bank‘s focus on price stability while recognizing the resilience of India‘s economy and strength of its macroeconomic fundamentals, as Governor Sanjay Malhotra noted that India‘s economy is ‘in a good spot’. Beyond the rate decision, the policy’s key highlight is its emphasis on enhancing India‘s appeal to global investors. The proposal to increase investment limits for NRIs and OCIs in listed equity instruments without SEBI registration, and to extend the same facility to all individual Persons Resident Outside India (PROIs), is a significant step toward broadening participation in Indian capital markets, expected to improve market depth, liquidity and long-term capital inflows. Equally important is the removal of capital gains tax on government securities investments for foreign investors. This move strengthens the attractiveness of India‘s bond market and could encourage greater foreign participation in government debt. At a time of heightened global volatility, these measures reinforce investor confidence, support capital inflows, and reaffirm India‘s commitment to building deeper, more globally integrated financial markets, with the policy rate expected to remain low for an extended period.”

KidZania India and Magic Bus India Foundation Bring Empathy, Kindness and Creative Expression to Life for Children

Mumbai, June 5: KidZania India, a global leader in edutainment, has partnered with Magic Bus India Foundation, one of India’s  non-profit organisations working with children and youth, to launch the Greeting Card Making Establishment at KidZania Mumbai and Delhi NCR.

The initiative invites children to participate in a creative, purpose-led activity to design thoughtful greeting cards filled with hope, encouragement, and joy for children supported by Magic Bus. Through this immersive, play-based learning experience, children will be encouraged to explore empathy, social awareness, kindness, and the importance of inclusion towards underserved communities. 

Designed as an engaging hands-on experience for children aged four and above, the establishment will encourage participants to express themselves through art and creativity. Guided by KidZania’s Zupervisors, children will create peronalized cards using colorful materials and meaningful messages, learning how small gestures can become powerful expressions of care and connection. 

Speaking on the launch, Tarandeep Singh Sekhon, Chief Business Officer, KidZania India, said,

“The Magic Bus Greeting Card Maker role-play is a meaningful addition to KidZania as it encourages children to understand the importance of empathy, kindness and social responsibility through a hands-on creative experience. By designing greeting cards for underprivileged children, kids not only express their creativity but also learn the joy of giving back. At KidZania, we believe role-play can do more than entertain — it can help children better understand the world around them and their role in shaping it. Our partnership with Magic Bus enables us to create an activity that is engaging, enjoyable and deeply purposeful.”

Jayant Rastogi, Global CEO, Magic Bus India Foundation, said, 

“At Magic Bus, we believe critical life skills such as empathy and creativity are best nurtured early in life. Through our partnership with KidZania, we are creating an engaging space where children can express creativity while understanding the value of compassion, inclusion, and social responsibility. Through immersive, hands-on experiences, we hope to encourage young minds to recognise the role each individual can play in building a more inclusive and better society. We also hope such collaborations inspire more organisations to come together, create collective impact, and reach underserved communities at scale.”

The activity will support children’s development by encouraging creative expression and nurturing empathy, kindness, social awareness, and emotional expression in an interactive environment. With this launch, KidZania further strengthens its commitment to meaningful learning experiences that combine creativity with real-world values for children, and Magic Bus brings its focus on empathy, positive childhood development, and inclusion into a live experiential setting.

Baker Tilly Asia-Pacific to Host Webinar on Latest Transfer Pricing Developments Across the Region

June 10 Webinar to Provide Key Insights into Evolving Transfer Pricing Regulations Across Five Major Jurisdictions

Malaysia, June 5: Businesses and tax professionals across the Asia-Pacific region will have an opportunity to gain valuable insights into the rapidly evolving transfer pricing (TP) landscape through an upcoming webinar hosted by Baker Tilly Asia-Pacific.

Scheduled for 10 June 2026, from 1:00 PM to 2:00 PM (GMT+8) on the Zoom platform, the webinar will bring together leading transfer pricing specialists from across the Baker Tilly Asia-Pacific network to discuss the latest regulatory developments and emerging trends impacting multinational enterprises and tax practitioners.

As transfer pricing regulations continue to become more sophisticated and closely scrutinized by tax authorities worldwide, organizations operating across borders face increasing challenges in maintaining compliance and managing tax risks. The webinar aims to provide participants with a concise, practical, and jurisdiction-specific overview of recent changes, enabling businesses to stay informed without navigating multiple sources of information.

The session will feature presentations from experienced transfer pricing professionals representing several Asia-Pacific jurisdictions, including Australia, Cambodia, Japan, India, and Malaysia. Speakers will discuss recent legislative changes, compliance requirements, tax authority expectations, documentation obligations, and key developments shaping transfer pricing policies within their respective markets.

According to Baker Tilly Asia-Pacific, the webinar has been designed to help organizations better understand the evolving regulatory environment and prepare for potential transfer pricing challenges in an increasingly interconnected global economy.

The event is expected to attract finance executives, tax directors, CFOs, transfer pricing specialists, consultants, and multinational business leaders seeking to keep pace with changing international tax requirements and regional developments.

With transfer pricing remaining a critical area of focus for tax authorities worldwide, the webinar offers a timely opportunity for professionals to gain expert perspectives and practical guidance from specialists operating on the ground across the Asia-Pacific region.

Crafting a Greener Legacy : ITC Royal Bengal and ITC Sonar Celebrate World Environment Day in Style

June 05: As the world pauses to reflect on its relationship with the planet, ITC Royal Bengal and ITC Sonar mark World Environment Day with more than just a statement — they mark it with action. Guided by the philosophy of

Responsible Luxury, these two iconic properties have long recognised that true hospitality must serve not only their guests, but also the world those guests inhabit. Sustainability here is not an afterthought; it is the foundation upon which every experience is carefully built.

A thriving farm-to-table culture, supported by on-site kitchen gardens, ensures that guests enjoy fresh, locally sourced produce — reducing the carbon footprint while elevating culinary authenticity. EV charging facilities on the premises also make it easier for environmentally conscious guests to travel responsibly.

A landmark achievement in this sustainability journey came in April 2026, when ITC Royal Bengal received the coveted LEED Zero Water certification from Green Business Certification Inc. (GBCI), joining a select circle of properties worldwide recognised under the U.S. Green Building Council’s LEED Zero framework for achieving net zero water consumption. This follows ITC Sonar‘s own LEED Zero Water certification in 2023 — a testament to ITC Hotels’ consistent, measurable impact on environmental stewardship.

This World Environment Day, ITC Royal Bengal and ITC Sonar stand as proof that true luxury and genuine responsibility are not just compatible — they are inseparable.

World Environment Day: Smiling Tree Inspires Positive Change with “One Hand, One Tree, One Hope”

World Environment Day: Smiling Tree Inspires Positive Change with “एकहाथ, एकपेड़, एकआशा” (One Hand, One Tree, One Hope)

New Delhi, India | June 05 – World Environment Day 2026 – Marking World Environment Day, Smiling Tree reinforced its commitment to environmental sustainability and climate action through its inspiring campaign, “एकहाथ, एकपेड़, एकआशा” (One Hand, One Tree, One Hope). The initiative encourages individuals, families, students, and organizations to plant and nurture trees while taking personal responsibility for protecting the environment.

At a time when climate change, deforestation, and environmental degradation continue to pose significant challenges, Smiling Tree believes that meaningful change begins with simple actions at the grassroots level. Through tree plantation drives, awareness programs, and community engagement activities, the organization is spreading the message that every individual has the power to contribute toward a greener and healthier future.

Speaking on the occasion, Dr. Mukesh Kwatra, Founder of Smiling Tree, highlighted the importance of collective action in environmental conservation.

“Environmental protection is no longer an option—it is a shared responsibility. Our campaign, ‘एकहाथ, एकपेड़, एकआशा,’ represents the belief that every helping hand can plant a tree, and every tree can create hope for future generations. Trees are among nature’s greatest gifts. They provide oxygen, absorb carbon emissions, support biodiversity, improve air quality, and help combat the effects of climate change. If each individual commits to planting and nurturing even one tree, the impact can be extraordinary,” said Dr. Kwatra.

Over the years, Smiling Tree has become a recognized environmental and social initiative dedicated to promoting sustainability, tree plantation, environmental awareness, and community participation. The organization has successfully engaged thousands of volunteers, students, environmental advocates, and corporate partners in its efforts to increase green cover and encourage responsible environmental practices.

As part of the World Environment Day celebrations, volunteers participated in plantation activities across residential communities and green public spaces. Educational sessions and awareness campaigns were also conducted to highlight the importance of biodiversity conservation, water preservation, waste reduction, and sustainable living.

The campaign’s message, “एकहाथ, एकपेड़, एकआशा,” serves as a reminder that every tree planted today contributes to a cleaner environment, stronger ecosystems, and a better quality of life tomorrow.

On this World Environment Day, Smiling Tree renewed its pledge to continue driving positive environmental change and called upon citizens across the country to join the movement. By embracing the spirit of “एकहाथ, एकपेड़, एकआशा,” individuals can become active participants in building a greener, cleaner, and more sustainable future for generations to come.

CORONA Remedies Marks World Environment Day with ‘Green Footprint’ Sustainability Campaign Across Operations

Ahmedabad,  June 5: Reinforcing its commitment to environmental sustainability and responsible corporate citizenship, CORONA Remedies Limited marked World Environment Day through its ‘Green Footprint’ campaign in its Head Office in Ahmedabad and manufacturing facilities in Bhayla, Gujarat, and Solan, Himachal Pradesh. The campaign brought employees together through a range of initiatives focused on sustainable living, carbon emission reduction, resource conservation, greener mobility, and circular waste management. As part of the initiative, the company facilitated the recycling of approximately 100 kilograms of textile waste, undertook plantation activities, and encouraged employees to adopt environmentally responsible practices in their daily lives.

At the company’s Head Office in Ahmedabad, employees organized a unique “Best Out of Waste” plantation activity by reusing plastic bottles as planters, creating a beautiful green vertical garden of over 300 plants within the premises. In an effort to reduce emissions, all 250 employees voluntarily commuted via public transport for the day. The office also observed energy and resource conservation measures by keeping elevators and printers shut throughout the day and conducting a one-hour electricity shutdown, resulting in reduction of 100 kg CO₂ emissions.

CORONA Remedies also partnered with ReCircle for a cloth recycling initiative at both its Ahmedabad Head Office and Bhayla Manufacturing Plant, collectively donating 100 kilograms of old clothes for responsible recycling instead of landfill disposal.

At the company’s Bhayla manufacturing facility, they also distributed more than 300 saplings to employees, encouraging plantation efforts beyond the workplace and into their homes. To promote environmental awareness and engagement, employees participated in quiz competitions, slogan-writing contests, and poem-writing competitions focused on sustainability and conservation. In addition, employees opted for carpooling and shared transportation to help reduce emissions.

Meanwhile, at the Solan manufacturing facility in Himachal Pradesh, employees undertook a plantation drive within the premises and were encouraged to reduce electricity consumption and adopt shared commuting practices for the day, reinforcing the importance of resource conservation and sustainable habits.

Commenting on the initiative, Mr. Brijesh Shah, Vice President, Human Resources, said,

“At CORONA Remedies, we believe that sustainability is driven by consistent action and collective responsibility. Through our ‘Green Footprint’ campaign, we sought to create meaningful opportunities for employees to contribute towards environmental conservation through simple yet impactful actions, whether by choosing sustainable modes of transport, recycling textile waste, conserving resources, or participating in plantation activities. The enthusiastic participation across our offices and manufacturing facilities reflects our shared commitment to building a greener future. As an organization, we remain focused on embedding environmentally responsible practices into our operations and fostering a culture where sustainability becomes an integral part of everyday decision-making.”

Through the ‘Green Footprint’ campaign, CORONA Remedies reaffirmed its commitment to fostering a culture of environmental responsibility across its operations and contributing towards a greener and more sustainable future.