TCS Says It Won’t Lay Off Staff, Will Honour Job Offers To 40,000 Freshers
Several of India’s startups have already begun laying off staff in the wake of the coronavirus pandemic, but its blue-chip companies are holding…
Author: OfficeChai Team
Dotting the i's, crossing the t's.
Box8 Delivery Partner Tests Positive For Covid, 72 Families In Delhi Quarantined
The risks of continuing food delivery services during the coronavirus lockdown are slowly becoming apparent. Zomato has said some of the orders that…
India’s Aarogya Setu Breaks Pokemon Go’s Record, Becomes World’s Fastest Growing Mobile App
India’s top entrepreneurs, product managers and VCs discuss endlessly about the best ways to grow their products, but India’s best growth hack might exist…
Coronavirus’s Media Bloodbath: The Quint Puts 45 Employees On Non-Paid Leave, TOI Fires Entire Sunday Magazine Team
Thus far, hospitality companies had already started laying off people as a result of the coronavirus lockdown — Treebo had offered voluntary resignations…
Softbank To Register Its First Loss In 15 Years After Vision Fund Loses $16 Billion
The strain of Softbank’s ambitious Vision Fund is finally beginning to show on the parent company. The Softbank Group will report an annual…
China Govt Bank Picks Up Stake In HDFC After Covid Crisis, Stake Now At 1.01 Percent
The coronavirus epidemic has brought the spotlight on some financial transactions which might well have gone unnoticed in normal times. China’s central bank…
Airbnb Raises $1 Billion Debt At $18 Billion, Half Of Its Valuation In 2017
The extent of the impact of the coronavirus outbreak on the hospitality industry is slowly becoming clear. Airbn has raised $1 billion in…
Oyo Places Many Employees On Temporary Leaves Across Intl Markets, Says Revenue Is Down 50-60%
After Treebo had offered 400 employees in India voluntary retirement in exchange for a month’s salary, fellow hotel chain Oyo Rooms has also…
WeWork Sues Softbank After It Backs Out Of Its Bailout Deal
Softbank isn’t only battling a global slowdown, a portfolio of companies that’s thought to be particularly vulnerable to the coronavirus outbreak, and big…