Business  /  Published 23.11.20

OYO sees year-end recovery

Hospitality chain OYO expects to recover 85 per cent of its pre-Covid level of supply of rooms in India by the end of 2020. The company has seen an improvement in occupancy and revenue after the lockd...
By Pinak Ghosh in Calcutta

Business  /  Published 17.02.20

Oyo suffers higher loss

Hospitality firm Oyo Hotels & Homes on Monday reported widening of its consolidated net loss to $335 million (over Rs 2,390 crore) for the financial year ended March 2019, mainly on account of int...
By TT Bureau in New Delhi

Business  /  Published 04.04.20

Oyo halts payout

Hospitality firm Oyo said it was suspending payment of monthly benchmark revenue to its hotel partners as it is finding it impossible to discharge its obligations under the master service agreement be...
By PTI in New Delhi

Business  /  Published 13.01.20

Walmart sacks 56 executives

Walmart Inc has fired 56 of its executives in India as part of a restructuring exercise in the country.The move underscores the challenges Walmart has faced in expanding its wholesale business in Indi...
By Agencies in New Delhi

Business  /  Published 15.11.18

Aditya Ghosh now OYO CEO for India, South Asia

Hospitality firm OYO has appointed former IndiGo president Aditya Ghosh as the chief executive officer (CEO) for India and South Asia. His appointment will be effective from December 1.The appointment...
By Our Special Correspondent in Mumbai

Business  /  Published 01.12.18

Ritesh Agarwal's OYO is a $5-billion buisness

The founder and group CEO of OYO Hotels & Homes, Ritesh Agarwal has had a dream run in the last five years, steering his start-up from an affordable hospitality option to a brand that’s present ...
By Mathures Paul in

Business  /  Published 19.12.19

SoftBank entity exits Oyo

SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian start-up.Yahoo Japan said it exited th...
By Reuters in Tokyo

India  /  Published 08.11.18

Are you a millennial moving city? Co-living could be for you

When Raja Shyamsukha moved to Gurgaon to join Dunzo, a hyper-local concierge app service in June this year, he didn't expect much more than crummy flats in random buildings in an expensive urban waste...
By Aarti Dua in Mumbai

Business  /  Published 24.02.20

CCI probe against Oyo, MakeMyTrip over violation of competition norms

The Competition Commission on Monday ordered a detailed probe against MakeMyTrip (MMT) and Oyo for allegedly indulging in unfair business practices, on a complaint filed by the operator of Treebo Hote...
By PTI in New Delhi

Business  /  Published 16.03.19

Aditya Ghosh touches down on OYO

When Aditya Ghosh left IndiGo in April 2018, he could have joined any big company with a legacy. After careful consideration, he chose OYO Hotels & Homes, which its 25-year-old founder Ritesh Agar...
By Mathures Paul in


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