Help continues to pour in from Global Inc

BENGALURU: As India fights the second wave of the pandemic, help is pouring in from around the globe. Goldman Sachs has pledged an additional $10 million (Rs 74 crore) commitment to support relief and recovery efforts in India. The commitment builds on the $42 million Goldman Sachs has already deployed to more than 300 non-profits across 31 countries through the Covid-19 Relief Fund.
David M Solomon, its chairman and CEO, said, “India is home to three Goldman Sachs offices and we have a responsibility to respond and provide our firm’s support and assistance.” Goldman Sachs’s Bengaluru centre is its second largest office after New York, with over 6,000 employees working across all the businesses of the financial institution – securities, asset management, banking, risk, compliance, internal audit and human capital management.
Coronavirus: Live updates
The company said the funding will focus on support for frontline health facilities that are leading the fight against Covid-19 in cities such as Bengaluru, Hyderabad, Mumbai and New Delhi, including ongoing vaccination efforts. Frontline health facilities include portable Covid-19 care centres, oxygen concentrators and generators, and isolation care units at homes for non-critical patients from low income communities.

Mankind Pharma has paid tribute to families of frontline martyred warriors with a Rs 100 crore contribution. Last year, Mankind Pharma donated around Rs 130 crore to the Prime Minister’s National Relief Fund, CM Care Fund, and to martyred healthcare workers and police personnel involved in fighting the pandemic. Rajeev Juneja, managing director & vice-chairman, said, “Our fearless heroes are doing their best to help people who are infected by Covid-19 or are suffering due to economic or social reasons brought about by the second wave of the pandemic.”
Salesforce CEO Marc Benioff tweeted that the company “is loading a 787 with medical supplies and will land it in India next week. All of our hearts and prayers are with our brothers and sisters in India. May they all be protected, healed, & blessed.”

IBM is providing supplementary medical coverage for its employees in India for Covid and providing emergency transport service to IBMers to reach medical care centres in the cities the company operates. The company said it is also leveraging its voice and influence to rally global support. “This weekend I joined US business leaders in urging the Biden Administration to expedite assistance. We are also now working with the US and Indian governments as well as the US-India Strategic Partnership Forum, the Business Roundtable and the US-India Business Council within the US Chamber of Commerce to accelerate critical aid,” IBM chairman and CEO Arvind Krishna said.
Intel CEO Pat Gelsinger pledged his support too. He tweeted: “To help fight the devastating & heart-breaking Covid-19 surge in India, @Intel is delivering technology & resources to support critical medical needs for India’s citizens, and will continue to work w/ Indian authorities & US govt to provide assistance where it’s needed most.”
Twitter said it’s currently matching Tweep donations at 300% to a range of organisations including Oxfam India, Akshay Patra Foundation, Child Rights and You, and Rise Against Hunger India. “We have made a separate $100K donation to the Hemkunt Foundation to support their work in donating oxygen cylinders to those in need,” it said in a statement.
SoftBank in a LinkedIn post said: “Like all of you, we are alarmed and distressed by the current surge of Covid-19 cases in India. We are also making a significant contribution to ACT Grants, an umbrella coalition of India’s tech founders and investors, which is providing oxygen and other forms of aid to address the crisis.”
Sundar Pichai, CEO, Google, in the latest earnings call said After a hard year, people in some parts of the world are beginning to rebuild their lives, businesses and communities. But recovery is far from uniform across the globe as the tragic scenes in countries like India and Brazil remind us.”

Leave a Reply

Your email address will not be published. Required fields are marked *