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OYO China Plans Job Cuts
  Source: Pandaily, June 25, 2019
  India’ leading hospitality company OYO announced plans to cut more than 1,000 jobs in China as part of its reorganization strategy. OYO commented on the lay-off plan saying that its corporate management culture is performance-oriented, data-driven, and excellent and will not tolerate continuous performance failure.
  Our Case
  To know about OYO’s entry, growth, expansion and the challenges in China, read our case study:
  “OYO Rooms in China: Scaling the Great Wall”
Facebook to Face Lawsuit over Massive 29 million-user Data Breach
  Source: Threatpost, June 24, 2019
  The world’s largest social media network Facebook lost court ruling last week over the massive 2018 data breach and now it has to face a lawsuit. Facebook had disclosed its data breach in September 2018 which impacted about 29 million-user accounts which led some Facebook users file class-action lawsuit in a San Francisco appeals court. Facebook could also face a penalty as much as $5 billion after Federal Trade Commission (FTC) investigation into its data-security practices on the heels of its 2018 Cambridge Analytica scandal.
  Our Case
  To know more about Facebook’s 2018 Cambridge Analytica data breach, read our case study:
  “Facebook–Cambridge Analytica Data Scandal”
IndiaMart plans to enter capital markets with IPO
  Source: Business Today, June 24, 2019
  India based online B2B marketplace for business products IndiaMart InterMesh announced its entry into the capital markets with an initial public offering (IPO). Through this issue, the company intends to offer about 48.88 lakh shares in a price cap of Rs 970-973 per share and it intends to raise INR475 crore at the upper end of the price band. The issue opens on June 24, 2019 and ends on June 26, 2019.
  Our Case
  To know more about IndiaMART, read our case study:
  “IndiaMART – The Evolving B2B Marketplace”
Tesco Thailand plans to open 750 new convenience stores
  Source: June 21, 2019
  British-headquartered grocery retailer Tesco announced plans to open 750 more new convenience stores in Thailand. The potential stores will be opened in the medium term. Tesco currently has 1,583 operating stores in Thailand.
  Our Cases
  To know about Tesco’s entry and exit in other countries, read our case studies:
  "Tesco in Turkey"
  "Tesco Exits Turkey"
  "Tesco’s Exit from the United States"
  "Tesco Exits South Korea"
  "Tesco in Japan – Experimenting with Retail Formats"
  "Tesco in China: Opportunities and Challenges"
Moody's downgrades Tata Motors rating to “Ba3” due to JLR weak performance
  Source: Business Standard Private Ltd., June 20, 2019
  Global credit rating agency Moody's Investors Service has announced that it downgraded Tata Motors Ltd.’s corporate family rating and senior unsecured instruments rating to Ba3 from Ba2. The decision to downgrade is based on sustained deterioration caused by Tata Motors’ 100% owned British subsidiary Jaguar Land Rover’s (JLR’s) weak performance.
  Our Case
  To know about the problems faced by Tata Motors after the acquisition of JLR, read our case study:
  “Tata Motors: Speed Breakers Galore”.









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