The Economic Times
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| 26 October, 2020, 09:43 PM IST | E-Paper
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    Softbank backed Oyo Hotels & Homes begins restoring salaries of employees

    Softbank backed Oyo Hotels & Homes has announced it is restoring full salaries of employees with a fixed compensation of upto Rs 8 lakh and will gradually restore salaries of all other employees by December this year.

    OYO China fires 25 employees for unethical practices; issues warning to 110 more

    Forms an integrity committee to ensure compliance across levels, and further build on corporate governance in the company

    Accor in advanced talks to invest up to $40 million in Treebo

    The potential investment is expected to give Treebo a post-money valuation of $205-240 million and is likely to be part of a future larger round

    OYO makes room for business travellers

    The brand, priced higher than the more pocket-friendly OYO Rooms, is targeted at millennial business travellers and offers amenities like a café, 24/7 kitchen, printer, white boards and other business services.

    OYO may ride on SoftBank JV to make inroads into China

    SoftBank's Son, who has ploughed billions into India’s startup ecosystem, said OYO was growing “exponentially” and heaped praise on its founder.

    OYO makes room for business travellers

    The brand, priced higher than the more pocket-friendly OYO Rooms, is targeted at millennial business travellers and offers amenities like a café, 24/7 kitchen, printer, white boards and other business services.

    'Firms must ensure onus of data protection is not on consumers'

    Osama Bedier, founder and chief executive of Poynt, said allowing consumers’ greater control over their personal data was a situational issue.

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