Top headlines: FB buys 9.9% stake in Jio, OYO employees to take 25% pay cut

Business Standard brings to you a snapshot of events that made the headlines today

Oyo Hotel and Homes on Wednesday asked its employees to take a 25 per cent pay cut in April and July, as it put others on leave with limited benefits for four months: from May 4 to August 30. Facebook on Wednesday announced an investment of Rs 43,574 crore to pick a 9.9 per cent stake in Reliance Industries Limited's wholly-owned subsidiary, Jio Platforms. US President Donald Trump meanwhile said that he will halt issuing of new Green Cards or legal permanent residency for the next 60 days. Here are the evnts which made the headlines today

1. Facebook to