Blackstone chief Schwarzman commits $5 million to India in pandemic aid

The Wall Street-headquartered alternative investment management giant Blackstone, which has over USD 20 billion in live-investments in the country, on Wednesday announced a USD 5-million (close to Rs 40 crore) aid to help India to fight the raging coronavirus pandemic.
The announcement by Stephen A Schwarzman, the founder and chairman of the fund, comes on the heels of close to 40 major American companies committing millions of dollars to help the country fight the pandemic which has been topping the infection list globally for a week with daily caseload remaining above 3.25 lakh mark for almost a week now.