
ICSI inducts 380 new members, starts fee waivers
Nagpur: Institute of Company Secretaries of India (ICSI) formally inducted 380 new members at its regional convocation held at Suresh Bhat Hall on Sunday. The event spotlighted new educational offerings, fee waiver schemes, and a renewed emphasis on ethical professional conduct.
Chief guest Avinash Gehlot, minister for social justice and empowerment in Rajasthan, urged the newly inducted company secretaries to stay grounded & uphold ethical values. "Your future will be shaped by values you practise every day. Stick to truth & let dharma guide your actions," he said, adding that professional excellence comes from consistent & sincere effort.
ICSI president Dhananjay Shukla stressed the importance of opportunities & responsibilities. "You are stepping into a mission of promoting good governance," he said. He announced a fee waiver for Indian armed forces personnel, paramilitary, Agniveers, & families of martyrs enrolling in CS Exec Programme.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
40 minutes ago
- Time of India
Telecom push: BSNL enters 5G fixed wireless market with Hyderabad launch; plans expansion to six cities by September
State-owned telecom firm BSNL has entered the 5G fixed wireless access (FWA) space, launching its home broadband service in Hyderabad, the company said on Friday. The move pits BSNL against private sector giants Reliance Jio and Bharti Airtel, which are already offering similar services using their 5G spectrum. 'Quantum 5G FWA demonstrates how Indian engineers can create world-class connectivity. It is the first SIM-less, 100 per cent home-grown customised 5G FWA for BSNL,' said BSNL Chairman and Managing Director A Robert J Ravi. 'Today is only a soft launch — many more cities and feature upgrades will follow.' The company said it formally launched the service on June 18 and plans to expand the pilot project to Bengaluru, Pondicherry, Visakhapatnam, Pune, Gwalior, and Chandigarh by September 2025, reported PTI. BSNL is initially offering the service at Rs 999 for a 100 Mbps plan and Rs 1,499 for a 300 Mbps plan. The FWA technology allows telecom providers to deliver wireless broadband by installing an outdoor modem at the subscriber's premises, connecting to the nearest 5G base station. The solution bypasses the need for an optical fibre connection. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
Biocon closes ₹4,500 crore QIP to boost innovation, expand global access
Biocon Ltd announced on Friday that it has successfully raised ₹4,500 crore through a qualified institutions placement (QIP), marking its first equity fundraising since its initial public offering in 2004. In a regulatory filing, the company stated it had issued over 136.3 million equity shares, each with a face value of ₹5, to eligible institutional investors. The shares were priced at ₹330 per unit, which includes a premium of ₹325. The QIP was open from June 16 to 19, 2025, and received strong interest from both Indian and global investors. Biocon said this response reflects growing confidence in the company's long-term strategic vision. Capital to support innovation and access to affordable healthcare 'The strong response to our QIP reflects deep investor conviction in Biocon's differentiated strategy and consistent execution,' said Siddharth Mittal, CEO and Managing Director of Biocon Ltd. 'This capital raise further strengthens our balance sheet, enabling us to invest in innovation, expand global access to lifesaving biopharmaceuticals, and advance our purpose of delivering affordable healthcare solutions that address pressing health inequities worldwide,' Mittal added. Proceeds allocated for strategic and financial needs Biocon stated that part of the capital raised will be used to purchase outstanding optionally convertible debentures of its subsidiary, Biocon Biologics Limited, from Goldman Sachs India AIF Scheme - 1 and Goldman Sachs India Alternative Investment Trust AIF Scheme - 2. Additionally, the funds will be used to repay, pre-pay, or redeem certain borrowings and financial instruments, and meet other financial requirements, including general corporate expenses.


Economic Times
an hour ago
- Economic Times
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture reported revenue of $17.7 billion for the quarter ended May 31, compared with the analysts' average estimate of $17.30 billion. Accenture's shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT ADRs like Infosys also declined, while domestic IT stocks showed mixed performance, with gains in tier-2 companies and HCL Technologies, contrasting with losses in Infosys and LTIMindtree. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Accenture shares fell 11% on Friday, hitting the day's low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant's AI-driven services from enterprise reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts' average estimate of $17.30 billion, Reuters reported, citing data compiled by company is grappling with a weak U.S. federal contracting environment as the Trump administration has slowed new contracts and cut existing agreements in a bid to reduce federal spending, the report said, adding that the company said these changes have not had a material impact on its operations or financial indices on Wall Street were trading mixed, with the Dow 30 at 42,225.90, up 54.23 points or 0.13%. The S&P 500 was down 9.35 points or 0.16%, while the Nasdaq Composite traded at 19,464.10, down 82.13 points or 0.42%, around 12:23 PM GMT-4 (9:54 PM IST).Taking cues, the American Depository Receipts (ADRs) of India's frontline IT companies, Infosys and Wipro , were also down. While Infosys ADRs were down 3% to hit the day's lows of $17.89, Wipro ADRs were marginally down at 0.33%.Indian headline indices ended their three-session losing streak on Friday, led by bank, energy and IT stocks. Individually, HDFC Bank and Reliance Industries (RIL) contributed the most. While Nifty gained 319.15 points or 1.29% to close at 25,112.40, the 30-stock S&P BSE Sensex finished at 82,408.17, rising by 1,046.30 points or 1.29%.Indian IT stocks today ended with strong gains, with tier-2 stocks taking the lead. Persistent Systems jumped 3.5% and was followed by Coforge , which rallied 2%. Mphasis was also up by over 1% at the closing largecap stocks, HCL Technologies was the top gainer, rising by 1.3%.Others, including Oracle Financial Services Software (OFSS), Tech Mahindra Tata Consultancy Services (TCS) and Wipro, settled with gains up to 0.8%.Among laggards were Infosys and LTIMindtree, which closed in the 10-stock Nifty IT index ended with an uptick of 0.84%.