SoftBank leads $1 billion fund infusion into OYO Hotels
Hotel chain OYO said on Tuesday that it had raised a total of $800 million in the latest financing round led by SoftBank Investment Advisers (SBIA) through SoftBank Vision Fund, with participation from existing investors Lightspeed Venture Partners, Sequoia and...
Yes Bank forms search panel to hunt for Kapoor’s successor
• The board of Yes Bank has formed a search and selection committee for finding a successor to its managing director and chief executive officer Rana Kapoor. • Simultaneously, the bank has decided to request the Reserve Bank of India (RBI) to extend Mr. Kapoor’s term...
Kerala seeks Rs 5,000 cr. as special Central aid
• Kerala Chief Minister Pinarayi Vijayan has sought special assistance of Rs 5,000 crore as a grant from the Centre, apart from a 10% hike in the allocation under various Centrally-sponsored schemes and an additional assistance of Rs 4,796 crore from the National...