Saturday, August 8, 2020
Home India Cognizant announces Rs 260 crore aid for Chennai flood relief

Cognizant announces Rs 260 crore aid for Chennai flood relief

Chennai: US-headquartered IT company Cognizant, with major operations in Chennai, on Tuesday announced Rs 260 crore ($40 million) aid for flood relief measures here and assistance as loans, grants to its employees and business partners.

It announced a contribution of Rs 65 crore ($10 million) towards flood relief steps and another Rs 195 crore ($30 million) as assistance (loans, grants and health care assistance).

In a statement issued here, Cognizant said the Rs 65 crore assistance to help Chennai residents will be given through a mix of contribution to Tamil Nadu Chief Minister’s Public Relief Fund; direct grants to NGOs, charitable and relief organisations providing healthcare, housing and other support in Chennai and direct health initiatives and other community programmes.

Cognizant, one of Chennai’s largest employers with more than 60,000 employees and 11 facilities, will take a multi-pronged approach to support relief and long-term rehabilitation measures in the city, the statement said.

The company said it also plans to sponsor and fund additional initiatives through Cognizant Foundation, which spearheads the company’s corporate social responsibility initiatives in India, and Cognizant Outreach, the company’s employee-led, grassroots volunteering programme.

“Corporate support must play a vital role in providing immediate relief and helping to rebuild Chennai,” president Gordon Coburn was quoted as saying in the statement.(ians)

STAY CONNECTED

18,960FansLike
362FollowersFollow
1,781FollowersFollow

Most Popular

Richa Chadha Pleased to see Volunteers Working for Elderly Amid Pandemic

Actress Richa Chadha points out senior citizens need extra care and attention amid the ongoing Covid-19 pandemic. She recently interacted with volunteers of foundations...

Bhagavad Gita: Here is the Collection of Sanskrit Verses from Dhyana Yoga

The Yoga of Meditation uncovered by Krishna is arranged in sixth Chapter, Dhyana Yoga of Bhagavad Gita. Sri Krishna uncovers the Yoga of Meditation...

Facebook Produces 600 Homes, 70% Reserved for Low-Income Residents

Facebook has produced and preserved approximately 600 affordable homes near its headquarters in Menlo Park, California, of which roughly 70 per cent are reserved...

Google, IBM, Microsoft AI Datasets Show Gender Bias

Revealing another dark side of trained Artificial Intelligence (AI) models, new research has claimed that Google AI datasets identified most women wearing masks as...

This Year Has Been a Wake-Up Call for Us: Bhumi Pednekar

This year has been a wake-up call for us, and if we do not work towards maintaining a balance, our cities will continue to...

Anushka Sharma: Watching Movies Doesn’t Always Help You Understand Them Better

Actress Anushka Sharma says watching films does not always help understand the medium better, and that experiences in life help add value to storytelling,...

Sadhguru: Youth is the Most Alive, Idealistic, and Energetic

Spiritual leader and author Sadhguru believes in the potential of the youth. "Youth has enormous potential. If we can inspire them to identify with humanity...

Increase in Deforestation in Brazilian Amazon Causes Massive Forest Destruction

Deforestation in the Brazilian Amazon increased 34.5 per cent between August 2019 and July 2020, with a total of 9,205 square km of forest...

Recent Comments