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…
These Industries Could Hire Aggressively Come In The Post-Corona Period
While there is general gloom all around at the adverse impact of coronavirus on the employment scene, once the pandemic is past –…
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…
Emerging Startups That Are Growing Fast
Even though startups mostly begin with small teams, they intend to grow beyond and hopefully make it big in the industry they’re aspiring…
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…