OYO CEO has said that spiritual tourism will be one of the biggest growth drivers of the tourism industry in the next 5 years as Ayodhya was among one of the most popular searches on New Year's Eve according to a data shared by him.
At present, Kumar is working as the company’s Deputy Chief Financial Officer and he oversees the key financial functions, which includes business finance for all markets and other key roles.
The ICC ODI men's world cup will begin on October 5, and conclude on November 19.
Chairperson of the Haryana State Commission for Women, Renu Bhatia, was speaking at RKSD College in Kaithal, where an awareness program on law and cybercrime was organized.
The police said that they received information from DLF security at around 1 pm that a person had fallen from the 20th floor of DLF's The Crest society in sector 54, Gurugram.
FHRAI cautioned that Oyo's IPO will allegedly wipe out public wealth while enriching its founders and key management.
Over 61% of Indian travellers plan to take vacations this summer, out of which a whopping 94% showed a strong preference to travel domestically. This shows that despite the opening of international air travel, exploring local destinations is here to stay in 2022.
Oravel Stays has approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore ahead of IPO.
With OYO 360, the company will fast-track onboarding in 30 minutes against a typical 15-days process.
In July, OYO had announced raising TLB funding of USD 660 million (nearly Rs 4,920 crore) from global institutional investors to be utilized for paring debt and other business investments. TLB refers to a tranche of senior secured syndicated credit facilities from global institutional investors.
Microsoft is in advanced talks to invest in Airbnb-backed Indian budget hotel chain OYO at a valuation of $9 billion.
The world is currently taken over by a party trend. Many popular brands including Netflix, Dominos, Zomato, Swiggy, Oyo Rooms have also jumped in the party meme trend as they are coming up with their own twists and touches into this game.
Hospitality firm OYO has laid off around 300 employees mainly from renovation and operations departments, according to sources in know of the matter.
Hospitality firm OYO on Tuesday told its employees that it is restoring the full salaries of staffers in India and South Asia, a company spokesperson said.
India on Monday banned 59 apps Chinese Apps, including the hugely-popular TikTok and UC Browser. Apart from applications, Chinese investments are deep-rooted in the Indian economy in myriad sectors, including Indian startups and tech companies, like Paytm, Flipkart, OYO. Here's a list of Major Startups/Companies in India with Chinese investors:
OYO on Wednesday asked some of its staff in India to go on leave with limited benefits from May 4 for four months, and also asked all employees in the country to accept a cut in their fixed salaries by 25 per cent due to the impact of the COVID-19 on the hospitality industry.
Ivanka Trump, the senior advisor to President Donald Trump, has lauded an initiative by Ritesh Agarwal-founded Indian start-up OYO Hotels to offer free stays to doctors, nurses in the US helping in the fight against the novel coronavirus, describing the gesture as “impactful acts of benevolence”.
The Competition Commission of India (CCI) on Monday ordered a detailed investigation against MakeMyTrip and OYO for allegedly indulging in anti-competitive business practices. While ordering the probe, CCI also noted that a case against MMT and OYO for entering into a vertical arrangement having an appreciable adverse effect on competition (AAEC) in the market is also "prima facie" made out.
Hospitality firm OYO Hotels & Homes on Monday reported widening of its consolidated net loss to USD 335 million (over Rs 2,390 crore) for the financial year ended March 2019, mainly on account of international expansion during the period.
Housing.com, part of Singapore-based Elara Technologies that also owns PropTiger.com and Makaan, also released a report on co-living which highlighted that the market size of this segment is estimated to double at Rs 2 lakh crore by 2023.
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