The Word Hatter Weekly Dispatch (Vol. 2)

5 Headlines This Week That Aren’t All Doom And Gloom

1. The A Team Comes to The Rescue 

In a clear gesture of social capitalism, several top fund managers from venture capital firms have joined hands with renowned start-up CEOs to set up a Rs. 100-crore grant in support of firms working to combat the Covid-19 pandemic. A first of its kind global initiative, The Action Covid Team (ACT) Grant has already met 40% of its target corpus. Some of the imminent entrepreneurs behind this motion include Mukesh Bansal, founder of Curefit and Myntra, and Abhiraj Bhal, cofounder of UrbanClap. Read more here

2. From Gems to Grants

India’s leading jewellery manufacturer, Kalyan Jewellers, has joined the bandwagon of firms who are funding the fight against Covid-19. The company has committed an amount of Rs. 10-crore to tackle this pandemic, understanding all too well the magnitude of this crisis. When interviewed, MD and Chairman, TS Kalyanaraman stated that the fund will be allocated in a meaningful and efficient manner to vulnerable sections of society that are at the forefront of the risk. Read more here

3. An Alliance to Remember 

As of the 1st of April, 10 Public Sector Undertaking (PSU) banks amalgamated to form 4 banks, a result of the mega consolidation plan. Of which, the merger between Canara Bank and Syndicate Bank has proven to be most successful. Canara Bank is now the 4th largest state-owned bank in terms of assets. This union shall increase the reach of banking services to the larger public as well as augment the financial inclusion activities that are currently underway. Read more here 

4. We Are Uber Proud of UberMedic

At a time when the entire nation is under lockdown and ride sharing platforms have suspended their services, Uber has launched a special platform dedicated solely to medical workers. UberMedic will allow professionals in India to book a cab from their homes to healthcare centres and back using the UberMedic service. Top notch drivers and dedicated cars have been selected for this initiative, with all necessary Covid-19 protocols being implemented and personal protective equipment being provided to the drivers. Read more here.

5. Preparing For A Post Corona World

Anand Mahindra, Mahindra Group Chairman, in a letter to Mahindra Group’s 2 lakh employees implored them to use this time of the lockdown to introspect on a “post corona world”. He stated that one should use this time productively and positively. He reiterated the principles of reboot, reinvent and reignite to be applied to both, personal and professional lives. With a strong focus on the betterment of the global economy and oneself, his words inspire a future-focused approach. Read more here