In this uncertain economy, age-old businesses have laid off their employees by drastic margins, giving way for an abrupt terrain for employees and businesses to sustain in the start-up ecosystem. India is seeing waves of changes in the transitioning of the travel tourism sector in 2021.
At one of the most significant sessions in lieu of the current global scenario, attendees at the TiE Global Summit got to learn about the future of the Travel & Tourism Sector post-Covid-19, from the hospitality sector’s brightest minds. With…
Poor funding, meagre investment and COVID-19 restrictions forced these top Indian startups to lay off employees in their thousands.
Overworking and a poor work-life balance are the two major complaints found amongst the Indian corporate employees. However, with the advent of a large number of startups, the figure-oriented organizations are further lowering the standard of Indian corporate work culture drastically.
The call to boycott Chinese products has recently caught up in India after the violent standoff between the Indian Army and Chinese PLA in the Galwan valley of Ladakh.
Although things are returning to normalcy, it would be a folly to expect the same old pattern of hiring to come back. The pandemic has changed the world order, and businesses have started adapting to it. Firms are tweaking their recruitment process in more than one way. Nevertheless, change also brings new opportunities. India Inc resuming recruitment at a faster pace than expected is a good sign for the entire business ecosystem.
By the beginning of April, many major startups and unicorns started feeling the heat of a cash crunch. Their businesses were hit severely by the imposition of lockdown. Due to the two-month-long lockdown across the nation, the revenue of these startups has received a major blow.
Oyo’s business model is filled with gaping voids just like WeWork, which turned out to be a spectacular bust and an embarrassing setback for Softbank when the market rejected its IPO valuation
It’s not surprising that on multiple occasions the young Indian entrepreneur, Ritesh Agarwal has been compared (and has reveled in that) to a “Young and Brash” Mark Zuckerberg.
A filing with India’s Ministry of Corporate Affairs last week revealed that burgeoning hospitality chain OYO Rooms (also known as OYO Homes & Hotels) is not expected to be profitable until 2022.