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Global travel tech brand OYO is set to report its first-ever profit after tax at Rs 16 crore in the second quarter of the FY24.
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Hospitality technology platform OYO on Monday said it plans to add 50 hotels and homestays by the end of this year in Rameswaram and Ramanathapuram.
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Satish Kumar Jaiswal, a young and exuberant entrepreneur and owner of a successful furniture manufacturing venture
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Father of Ritesh Agarwal, Founder and Group CEO, OYO, has died after falling from the 20th floor of a high-rise located on the Golf Course Road
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The category called 'Super OYO' constantly analyses each hotel's performance on multiple parameters such as customer ratings and reviews, keeping maximum rooms operational consistently, smooth check-in experience, among others, said the company.
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New Delhi: Hospitality technology platform OYO on Thursday announced a long-term strategic partnership with travel group Adventure Women India that encourages women to be active and adventurous. “As part of the engagement, members of the group will be offered multiple benefits along with the convenience to choose from the network of safe, clean and affordable […]
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Noida: Oyo has initiated an internal probe after Noida Police arrested two people who allegedly placed a hidden camera in a hotel room and filmed a couple, officials said. The two accused had booked the same room in the Phase 3 police station area last month where they placed a hidden camera before checking out. […]
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Scary as it may sound, here are some precautions that couples can take to avoid tricky situations like these.
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According to the report the two major factors that have helped OYO improve unit economics as it turned EBITDA (adjusted) positive in the first quarter of FY23 is the broad-based improvement in travel trends and business restructuring by the company.
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Hyderabad: OYO, the global hospitality technology company, has announced a special discount scheme for women candidates appearing for National Eligibility Cum Entrance Test (NEET) 2022. Under this scheme, all women candidates travelling to their NEET examination centres will be eligible to avail up to 60 per cent discount on their stay in OYO hotels across […]
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By Arun Sinha Old India has been metamorphosing into a New India (Naya Bharat) under the “visionary and dynamic leadership” of Prime Minister Narendra Modi since 2014, so we are told. And Naya Bharat is bringing prosperity to all. Because the spirit that drives the train of New India is Sabka Saath, Sabka Vikas. Nobody is going to […]
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The company has recently been affected by some of its hotel partners publicly complaining, filing cases and even writing to the regulator.
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OYO has appointed investment banks like JPMorgan, Citi and Kotak Mahindra Capital to manage its public issue, they added.
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According to a TechCrunch report citing sources, a deal may close soon but the "proposed size of the investment is unclear".
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The deal was upsized and increased by 10 per cent to $660 million as the company's fundamentals yielded strong interest from investors despite the virus surge.
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A statement from the newly-formed body noted that the Covid-19 crisis presents a unique opportunity to collaborate on reviving the industry and only progress upwards from here on.
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The support will also include term insurance payout equal to 3 times their annual pay.
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The transaction was planned for 2020 and is being consummated now.
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India topped the charts for OYO as the most booked country, while Delhi clocked in the most bookings across the world for it in 2020, it said in a report 'OYO Travelopedia 2020'.