Indian IT major Wipro recently announced that it has signed a Memorandum of Understanding (MoU) with the state government of Maharashtra under which it will repurpose one of its information technology campuses at Hinjewadi in Pune to a 450-bed intermediary care COVID-19 hospital in four weeks and hand it over the state government. The hospital…
Alphabet and Google CEO Sundar Pichai has donated ₹5Cr to non-profit Give India, thus matching Google’s earlier donation of ₹5Cr to the online NGO donation platform. Thanking Pichai, Give India in a tweet said, “Thank you @sundarpichai for matching @Googleorg’s Rs 5 crore grant to provide desperately needed cash assistance for vulnerable daily wage worker…
Private banking company Kotak Mahindra Bank recently announced that the group’s leadership team has unanimously and voluntarily opted to take a 15% cut in compensation for the financial year 2020-21. The Managing Director of the bank, Uday Kotak has personally opted to forgo his salary, and will receive Re 1/- as compensation. The bank in…
The coronavirus pandemic has hit the global economy worse than the 2008 financial crisis. Industry experts predict that the impact of the pandemic will last longer than a year. Some industry bodies are also estimating that the pandemic would cost upto 2.5mn jobs globally. Worst-hit among all sectors of the economy, is the small scale…
The novel coronavirus which originated from China has now started to engulf India. So far, the virus has claimed more than 80 lives in India and infected more than 3,000 people. The COVID-19 pandemic presents an unprecedented challenge to the nation. This crisis calls for an even stronger and concerted action from corporate citizens to…
COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. Many Indian startups in the segment are slashing salaries across levels to conserve cash and extend their runway. Indian hospitality unicorn OYO Hotels & Homes is no different than these startups affected by the pandemic. The Ritesh Agarwal-led…
The coronavirus pandemic has spread across nations, uniting people across the globe to fight this virus that has already claimed many lives. Now, Bharti Enterprises joins the fray against Covid-19, announcing a donation of over Rs 100 crore. According to the company’s press statement, “These are extremely challenging times as the world battles the biggest…
As India entered the 6th day of its nationwide lockdown due to the coronavirus pandemic, the government has step-up its efforts to further prevent the virus from spreading rapidly and contain it as soon as possible. The novel coronavirus which originated from China has now entered India. The Ministry of Health and Family Welfare has…
India’s leading technology, engineering, construction, manufacturing, and financial services conglomerate Larsen & Toubro, recently announced that it is committed to participating in corporate India’s response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance. Responding to the call given by Hon’ble Prime Minister of India, the company will donate…
Kotak Mahindra Bank has announced a commitment of Rs. 35 Cr., to support the central and state government in their fight against Covid-19. Apart from this Uday Kotak, has offered his personal commitment of Rs. 25 Cr. to the PM CARES fund. The funds will be directed at supporting the governments initiative towards preventive, curative,…
The novel coronavirus, which began from Wuhan in China last year, has now spread to every continent except Antarctica. The virus, which was originally expected to be China’s problem, has now become a global headache. So far the virus has infected 360,327 people and claimed more than 15,000 lives worldwide. The outbreak is now termed…
As the novel coronavirus is spreading rapidly to most of the countries in the world, corporates and organizations around the globe are setting up their humanitarian efforts in helping the countries which need maximum assistance. Recently, The Jack Ma Foundation and Alibaba Foundation announced plans to donate much-needed medical supplies to 10 more countries in…
Lunch marketplace MealPal recently announced a new initiative to drive $10 million in donations to restaurants impacted by the COVID-19 virus. Through the new program, anyone can donate a month of a MealPal membership to local restaurants. The rapid decline in restaurant sales since the COVID-19 outbreak is staggering. In a typical week, MealPal drives…