Despite everything, Oyo still has $1 billion in cash

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Despite everything, Oyo still has $1 billion in cash

India’s Oyo has been one of the worst impacted startups with the coronavirus, but it has enough cash to steer through the pandemic and then look at funding further scale, a top executive says. In a townhall with employees last week, Oyo founder Ritesh …
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Seattle Now: Amazon's hiring spree

The pandemic has caused millions of people to lose their jobs, but Amazon is hiring at historic levels. If you work in restaurants, retail, or the arts, you know the damage COVID has done. Amazon has no such concerns. On average, they’ve hired 1,400 workers …
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First donations made in holiday fund to benefit Salvation Army

Total: $115. Goal: $15,000. Sparkle, the Christmas star, hopes everyone had a wonderful Thanksgiving holiday. With Thanksgiving behind us, it’s now time to focus on the Christmas holiday. “As we start the countdown to Christmas, we hope everyone can set …
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MHI Vestas' Seagreen Turbines to Feature Siemens Energy Gear

MHI Vestas has chosen Siemens Energy’s low-loss 66 kV distribution transformers for the 114 wind turbines that will make up the Seagreen offshore wind farm in Scotland. The fluid immersed distribution transformers, for which Siemens Energy said were …
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DHFL suitors get time till Dec 13 to submit bids

Lenders to Dewan Housing Finance Corp. Ltd (DHFL) have extended the deadline for bidders to submit revised resolution plans, betting that a potential bidding war among the suitors will help banks extract more value from the assets of the bankrupt home …
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