Walmart, Flipkart, PhonePe Collaborate To Leverage Resources For India's COVID Battle
Global retail giant Walmart Inc announced its support to leverage resources for India's battle against the second wave of COVID-19. According to a recent statement by Walmart on Friday, April 30, the Walmart Foundation along with Flipkart, PhonePe will collaborate to counter the medical-grade oxygen shortage and support the nationwide COVID-19 vaccination drive. Walmart will donate 20 cryogenic containers for oxygen transportation and storage, 20 oxygen-generating plants, and over 3,000 oxygen concentrators with 500 oxygen cylinders to ensure oxygen therapy for the treatment of patients.
The medical equipment will be sourced globally and donated to the hospitals and non-governmental organisations in India for distribution. Walmart and the Walmart Foundation will also fund extra 2,500 oxygen concentrators as part of the U.S-India Business Council and the U.S-India Strategic Partnership Forum's joint relief effort.Â
According to the statement, the Walmart Foundation will donate Rs 14.82 crore to support various non-governmental organisations in India and a sum of Rs 7.41 crore will be allocated through the Walmart Foundation Disaster Relief Fund. The other amount - Rs 7.41 crore will be allocated to the GIVE Foundation Inc to assist GiveIndia's COVID response fund. This will aid the physical infrastructure and equipment for the healthcare industry in India, prioritizing the most vulnerable communities.
Meanwhile, Indian e-commerce major Flipkart - acquired by Walmart in 2018, is partnering with GiveIndia to raise funds to provide crucial medical supplies such as PPE kits, oxygen supply, hand sanitizers, etc for the healthcare workers in Delhi, Mumbai, and Bangalore. Â
At an earlier stage, Walmart, the Walmart Foundation along with Flipkart provided Rs 46 crore, in the form of financial support and in-kind to India. This included more than one million PPE, CPE kits or gowns, 88 ventilators, as many as 600,000 N95 masks, and other such contributions.
Additionally, Walmart Canada - the Canadian subsidiary, will offer support through the Canadian Red Cross India COVID-19 Response Appeal, to fund the transport and ambulance services for patients, quarantine isolation centers, etc.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.