Page 10 - Oyo

Geopolitical impact to emerge as big risk for firms: OYO's Ritesh Agarwal

The Covid-19 pandemic has wreaked havoc on businesses, especially in the area of transportation and travel and hospitality

SoftBank partners with Oyo in Latin America in move for more oversight

It shows SoftBank's keenness to ensure Oyo remains on track, and is the latest sign SoftBank is more closely overseeing Oyo's operations including in offshore markets

OYO India offers voluntary separation or leave extension to employees

Post-unlock, the company started tracking to 30 per cent of pre-Covid-19 occupancy levels, OYO India said in a statement

9Unicorns makes first close of Rs 100 cr for its new fund for start-ups

The fund intends to offer $100,000 for 5-7% equity per start-up

Softbank dispatches senior executives to help Covid-19 hit Oyo: Report

Oyo has struggled in Japan even with the full endorsement of SoftBank

SoftBank-backed Oyo merging Japan operations and appointing new CEO

The reorganisation involves Oyo's hotel-booking and apartment-rental units coming together into a single company called Oyo Japan, to be led by Ryoma Yamamoto as CEO

Covid-19 impact: Oyo adopts 'hybrid workplace model' for Indian employees

The hybrid model allows more flexibility to workers, which in return has resulted in a noticeable improvement in overall productivity, the company said

Covid-19 impact: Oyo sends letter granting ESOPs to all employees

The move comes as Oyo decided to lay off a large number of its employees in the US last week but reward them with stock options

Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds

Wirecard won't force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.

Blocking Chinese funding will adversely impact Indian start-ups: GlobalData

GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.

Big Tech and the coronavirus

None of the Big Tech companies or tycoons appears to be playing a meaningful role in the testing, spread, cure, or eradication of the virus or even in contact tracing so far

OYO announces ESOPs for furloughed employees impacted by Covid-19 pandemic

On April 8, OYO founder and Group CEO Ritesh Agarwal had said in a letter and video message that the company will place a certain number of employees on furloughs or temporary leaves, globally

Notes from the front line on what it's like to deal with Covid-19

Our health care workers who risk their lives to save ours share their experience of dealing with Covid-19

The pandemic pivot to low-touch business

There are sectors that are looking beyond the pandemic to pivot from being a high-touch business to a low-touch one

SoftBank Group sees wider loss of $8.4 billion on WeWork write-down

The Japanese company made the announcement in a statement Thursday, citing more than 1 trillion yen of non-operating losses from investments held outside of its $100 billion Vision Fund.

Oyo to offload more loss-making hotels amid Covid-19 outbreak: Report

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt

Udaan lays off several contractual staff, offers one-month compensation

However, no decision has been taken on laying off permanent employees

Quarantine hotels: It's business unusual amid coronavirus outbreak

Leading hotels are taking all precautions but the unusual service the staff has been pressed into puts them at the forefront of Covid fight

Companies shift focus on reskilling workforce for post-Covid world

With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto

Brands get creative with customer engagement to stay relevant amid crisis

New services, new offers, new alliances and with a little help from technology, brands reimagine their relationship with consumers