Airbnb to confidentially file for IPO in August : Bulletin: Business Today
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Airbnb to confidentially file for IPO in August

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BusinessToday.In | August 12, 2020

Coronavirus impact: Narayana Murthy fears India's GDP may touch its lowest since 1947
Flagging fears that the country's GDP growth may even touch its lowest since independence in the backdrop of coronavirus pandemic, Infosys founder N R Narayana Murthy on Tuesday said the economy should be brought back on track and people should be prepared to live with the pathogen. "India's GDP is expected to shrink by at least five per cent. There is a fear that we may even reach the lowest GDP (growth) since independence, since 1947," Murthy said.
Airbnb to confidentially file for IPO in August
Short-term home rental company Airbnb Inc is close to confidentially filing paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission later in August, the Wall Street Journal reported on Tuesday. Airbnb is preparing to potentially go public before the end of the year.
Hospitality sector faces double whammy of low consumer confidence, inconsistent policies
The impact of COVID-19 on the hospitality sector refuses to moderate. The sector is expected to lose about Rs 90,000 crore in 2020 as against revenues of Rs 1.58 lakh crore in 2019, as per the latest estimates by hospitality consultancy firm HVS Anarock. The worst hit is going to be the unorganised segment which is expected to post losses of over Rs 41,000 crore in 2020.
Russia says 20 countries have pre-ordered a billion doses of its COVID-19 vaccineIn a major breakthrough in coronavirus treatment, Russia has developed the world's first vaccine against COVID-19. The vaccine has been named "Sputnik V" after the Soviet Union's first satellite launched in 1957. Russia has received a request for the production of one billion doses of the COVID-19 vaccine from 20 nations.
PVR confident of going back to pre-COVID revenue levels in 3-6 months
Are you missing out on the PVR experience? From organising film festivals to capitalising on Hollywood releases, multiplex major PVR says that it is all set to start operations as soon as it gets a go-ahead to open its multiplexes. Nitin Sood, CFO, PVR said there may be three-four weeks of slow demand initially, but footfalls will incrementally get better.
Coronavirus impact: Little or no salary hike this year; super-specialists rewarded handsomelyIt's not a good year for salary hikes. The COVID-19 pandemic has not only impacted the employment landscape, it has also disrupted the way India Inc rewards its talent. The salaries in FY20 grew in the range of 4.26 per cent (minimum) and 11.22 per cent (maximum) across sectors and cities. The corresponding figures in FY19 stood at 10.02 per cent (minimum) and 11.11 per cent (maximum).

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