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…
Author: OfficeChai Team
Dotting the i's, crossing the t's.
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…
Treebo Sets Up Voluntary Resignation Scheme For 400 Employees, Employees To Get 1 Month’s Salary
Startups across sectors are expected to suffer from the impact of the coronavirus lockdown, and hospitality startups are expected to be particularly hard…
Uber Ties Up With Big Basket, Flipkart And Spencer’s To Make Deliveries In India
The coronavirus lockdown has virtually shuttered many businesses in India — but some are coming up with interesting ways to keep operating. Uber…
Zomato, Swiggy Orders Are Down 70 Percent During The Coronavirus Outbreak
Even as India is nearly halfway into the lockdown, the business impact of the coronavirus is slowly becoming clear. Zomato and Swiggy’s orders…
Oyo Suspends Its Payments To Hotels Following Corona Outbreak, Hotel Owners Cry Foul
The impact of the coronavirus epidemic is already beginning to be felt across startups and companies. Oyo Rooms has suspended payments to hotels claiming…