By bringing smaller hotels under OYO banner and establishing SOPs for basic amenities, Ritesh Agarwal revolutionised India's budget hospitality industry and became a billionaire in the process.
Oyo is preparing to file a fresh IPO document by this week. The company had initially filed to go public in October 2021 but delayed the share sale due to market conditions.
Competition watchdog slapped Rs 392 cr fine on MakeMyTrip-Goibibo & OYO, ordering them to stop uncompetitive practices. Consumers to gain from move in terms of better booking experience.
Oyo, one of the larger startups in the SoftBank Group’s portfolio, was struggling to restructure and whittle down loss-making operations even before the pandemic obliterated travel.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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