Corporate Giants and Banks Unite to Aid Flood-Hit Tamil Nadu
As Chennai's unprecedented floodwaters continue to pose a significant threat, the city's residents are receiving invaluable support from corporate giants and banks. In response to the devastating floods, numerous companies and financial institutions have pledged substantial contributions and implemented various initiatives to alleviate the suffering of those affected. These relief efforts range from monetary donations to providing essential supplies, including food, water, and medical aid.
Key Takeaways:
- Cognizant has pledged a significant donation of Rs 260 crore, with Rs 65 crore allocated directly to Chennai residents and Rs 195 crore set aside for long-term needs of employees and partners.
- Tata Consultancy Services (TCS) has committed Rs 1,100 crore to support its Chennai staff, with a Rs 50 crore direct grant fund established for employees in need.
- TVS Motor company distributed over 1 lakh food packets and 50 tonnes of food, while Venu Srinivasan, the company's chairman, contributed Rs 5 crore to the relief efforts.
- Hyundai Motors has delivered 11,000 food packets and provided a donation of Rs 2 crore to aid flood-hit Chennai residents.
- State Bank of India has distributed essential supplies, including food, water, blankets, medicines, and utensils, in addition to a donation of Rs 1 crore to the government.
- India Cements has donated Rs 2 crore to support the people of Chennai, led by Managing Director N Srinivasan.
- City Union Bank's Managing Director has donated Rs 1 crore to the CM's Relief Fund.
- Tractors and Farm Equipment Limited (TAFE) chairman Mallika Srinivasan has pledged Rs 3 crore towards flood-relief activities.
- Mata Amritnandamayi Mutt has contributed a substantial Rs 55 crore to aid in relief efforts.
- Joy Allukas, known as the world's famous jeweller, has donated Rs 3 crore to support flood-relief measures.
- Bothra Shipping Company has donated Rs 1 lakh to assist Chennai residents.
- ITL Industries, which offers a range of bandsaw machines, has pledged Rs 1 lakh to the relief efforts.
- A number of banks, including HDFC, ICICI Bank, and SBI, have initiated relief measures, such as waiving off penalties for delayed EMI and card payments for November.
Statistics:
- Cognizant: Total donation of Rs 260 crore
+ Rs 65 crore allocated for Chennai residents
+ Rs 195 crore set aside for long-term needs of employees and partners
- Tata Consultancy Services (TCS): Rs 1,100 crore committed for Chennai staff support
- TVS Motor company: Distributed over 1 lakh food packets and 50 tonnes of food
- Hyundai Motors: Delivered 11,000 food packets and donated Rs 2 crore to aid flood-hit residents
- State Bank of India: Distributed essential supplies and donated Rs 1 crore to the government
- India Cements: Donated Rs 2 crore to support the people of Chennai
- City Union Bank: Donated Rs 1 crore to the CM's Relief Fund
- Tractors and Farm Equipment Limited (TAFE): Pledged Rs 3 crore towards flood-relief activities
- Mata Amritnandamayi Mutt: Donated Rs 55 crore to aid in relief efforts
- Joy Allukas: Donated Rs 3 crore to support flood-relief measures
- Bothra Shipping Company: Donated Rs 1 lakh to assist Chennai residents
- ITL Industries: Pledged Rs 1 lakh to the relief efforts
- HDFC, ICICI Bank, and SBI: Waived off penalties for delayed EMI and card payments for November
Sources:
- Cognizant
- Tata Consultancy Services (TCS)
- TVS Motor company
- Hyundai Motors
- State Bank of India
- India Cements
- City Union Bank
- Tractors and Farm Equipment Limited (TAFE)
- Mata Amritnandamayi Mutt
- Joy Allukas
- Bothra Shipping Company
- ITL Industries
- HDFC
- ICICI Bank
- SBI
- Diligent Media Corporation Ltd., DNA (Daily News & Analysis) - Copyright 2010