Page 3 - Oyo Rooms

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

OYO hotel rooms for paid isolation of Covid-19 patients in Bhubaneswar

Amid a spurt in COVID-19 cases, the Bhubaneswar Municipal Corporation (BMC) has identified several OYO hotel rooms for paid isolation of asymptomatic patients.

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

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

OYO restoring full salaries in India, South Asia in phased manner

The spokesperson said 12.5 per cent of the total 25 per cent salary cut will be restored from October and the remaining 12.5 per cent from December 2020

Oyo Hotels is slashing footprint and headcount in virus-hit Japan

The Indian start-up slashed its regional presence by closing offices in provincial centers Sapporo, Sendai, Nagano, Hiroshima and Omiya at the end of June, Chief Business Officer Ryota Tanozaki said.

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

India coronavirus dispatch: The fate of returning migrant workers

From building capacity to produce cheap test kits, to what is medical protective clothing, and why travel & tourism will return with a bang after Covid - read these and more in today's India dispatch

SoftBank Vision Fund posts $17.7 billion loss on WeWork, Uber Technologies

Takes hit after writing down the value of investments in WeWork, Uber and others; plans to double buybacks

Before change in FDI rules, Chinese invested millions in Indian tech firms

Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies

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

Oyo asks all employees to take 25% pay cut; some to be sent on furlough

OYO CEO for India Rohit Kapoor communicated the decision through an email to employees after a company townhall on Wednesday

Top headlines: FB buys 9.9% stake in Jio, OYO employees to take 25% pay cut

Business Standard brings to you a snapshot of events that made the headlines today

SoftBank's $2-billion guarantee at risk as pandemic hits Oyo business

Oyo risks turning into another problem startup for SoftBank and Son, still reeling from the meltdown at the shared-office company WeWork.

OYO suspends payment of monthly revenue to hotels; invokes force majeure

This abrupt, extra-ordinary and unprecedented drop in your hotel's revenue as a result of the Covid-19 can hardly be considered to be in the ordinary course of business.

Covid-19: OYO CEO Ritesh Agarwal takes 100% pay cut for rest of the year

The company's entire executive leadership team has taken a voluntary pay cut starting at 25 per cent and going up to 50 per cent

OYO offers free stay to medical staff, first responders in the US

The US is seen as the new epicentre of the disease, with nearly 55,000 cases and over 700 deaths

Covid-19: Ivanka lauds Oyo Rooms for offering free stay to doctors in US

OYO said that beginning March 24, medical first responders will receive free accommodations at any OYO Hotel in US so they can sleep, shower or just get off their feet and recharge

Oyo plans to entice coronavirus-stricken hotels in Japan with cash

To pay members a sum equal to a proportion of past year's revenue

CCI orders detailed probe against Oyo, MakeMyTrip for unfair biz practices

The order came on a complaint filed by Rubtub Solutions Pvt Ltd which operates under the brand name of Treebo Hotels in India and is in the business of providing franchising services to budget hotels.

From Swiggy to Ola, Indian star unicorns' valuations hit speed bump

Profitability has been the biggest challenge for unicorns. Swiggy reported 500 per cent jump in losses for financial year FY19 at Rs 2,346 crore against FY18, according to data platform Tofler.