Oyo Says Ni Hao to China and Here's a Bad News for PS4 Fans. 4 Things to Know Today Stay tuned to get every day updates in 60 seconds.

By Aashika Jain

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

1. India's largest public sector bank State Bank of India on Tuesday reported a second consecutive net loss of Rs 7,718 crore because of rise in provisions and bad loans.

2. There are no boundaries for Indian start-ups, well at least geographically. Oyo has said Ni Hao to China! The hospitality startup has launched its services in Shenzhen, China and has already opened eight hotels. This is Oyo's second international venture after Dubai.

3. For entrepreneurs who keep travelling all the time, here's a good news. The next time you cancel a flight for that urgent meeting with investors, worry not it won't cost you! Aviation minister Jayant Sinha has announced free cancellation of flights within 24 hours, provided the ticket is booked 4 days before the flight! What's better, there's also going to be a refund for delayed flights

4. Bad news for PS4 fans! PlayStation boss John Kodera has reportedly said that the much loved PS4 is at the end of its life cycle. But there's nothing to worry, PS5 is on the cards, however it's going to be a long wait until 2021.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

Aashika Jain

Entrepreneur Staff

Former Associate Editor, Entrepreneur India

Journalist in the making since 2006! My fastest fingers have worked for India's business news channel CNBC-TV18, global news wire Thomson Reuters, the digital arm of India’s biggest newspaper The Economic Times and Entrepreneur India as the Digital Head. 

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