Search Results for: Softbank

Oyo announces 25% pay cut for employees in India as lockdown brings travel to a halt

The move comes soon after OYO furloughed thousands of its international employees earlier in April after the coronavirus outbreak brought global travel to a halt, wreaking havoc in the hospitality sector.

Apr 22, 2020

DailyHunt raises Rs 180 crore: China's ByteDance among others to back news aggregator

DailyHunt is another Bengaluru-based startup that has raised funds despite the economic slowdown led by the coronavirus outbreak in India.

Apr 18, 2020

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Oyo issues coronavirus advisory to its employees and announces 5,000 job cuts globally. The job cuts are a part of the company's restructuring announcement in January 2020, and not owing to Covid-19 scare, an OYO spokesperson clarified.

Mar 5, 2020

Softbank's Rajeev Misra accused of corporate subterfuge, orchestrating 'dark art campaign'

Rajeev Misra, the head of SoftBank's $100 billion Vision Fund, has been accused on the grounds of sabotage to scuttle rival's careers. It seems he paid an intermediary to smear them. However, Misra's official spokesperson says he did not orchestrate the effort.

Feb 27, 2020

Finance ministry plans new law to protect foreign investment in India: Report

In a 40-page initial draft, the finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors and the government.

Jan 16, 2020

Indian Railways organise Renewable Energy Investors' meet

The objective of the Investors' Meet was to disseminate information about the opportunities available under renewable energy in Indian Railways.

Jan 15, 2020

Another WeWork in making? Softbank backed Oyo Rooms fire 20 percent of workforce

Oyo will be firing around 2400 employees which currently has an overall work strength of 12,000 in India.

Jan 14, 2020

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SoftBank-backed Paytm raises $660 million from Alibaba arm Alipay, others

This is SoftBank-backed Paytm's second fundraise after the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates pumped in $1 billion last month

Dec 13, 2019

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Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Paytm plans to invest ₹10,000 crores over the next three years to bring financial inclusion to areas, which are yet to get traction.

Nov 25, 2019

More than 500 hotels across 100 cities check-out of Oyo Rooms; here's why

The customers seem to have sandwiched between the tussle as they are complaining on the social media that hotels are accepting their bookings made on hotel aggregator Oyo's website when they tried checking-in.

Nov 23, 2019

OYO LIFE emerges as India's biggest player in co-living spaces, to add 1 lakh beds by 2020 end

As OYO LIFE is celebrating its first anniversary, it plans to set up 100,000 beds across major cities in the country by the end of 2020.

Oct 31, 2019

Amid losses, Paytm in talks with T Rowe Price for $1 billion funding

Paytm has been scouting for investors and shore up funds since the beginning of the year amid increasing loss and competition in the digital payments segment posed by Google Pay and Walmart-owned PhonePe.

Oct 15, 2019

Oyo raises $1.5 billion in fresh round of funding, to target US market

The funds will be used to expand Oyo's business in the United States, its fastest-growing market and strengthen its vacation rentals business in Europe.

Oct 8, 2019

Softbank's technology investment fund plans hit by WeWork debacle

Major investors have yet to sign on, leaving a $38 billion pledge from publicly traded Softbank Group itself as the only large commitment.

Oct 4, 2019

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Paytm eyes core banking toehold amid talks with Rana Kapoor for Yes Bank stake

Co-founder Kapoor is seeking to exit Yes Bank by selling his and family's stake for Rs 2,000 crore; in talks with Paytm founder Vijay Shekhar Sharma.

Sep 11, 2019

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