BENGALURU SoftBank-backed Oyo Hotels and Homes' internal projections showed it may not make a profit in India and China until 2022, even as the India-based hotel chain revealed a six-fold rise in losses during fiscal year 2019.
MUMBAI/BENGALURU India's publicly listed firms must disclose any failure to repay loans within 24 hours in cases where 30 days have passed since the default, its securities regulator said on Wednesday, tightening rules at a time when bond defaults have soared.
BENGALURU The Indian arm of U.S.-based Burger King filed for a local initial public offering (IPO) to raise up to 4 billion rupees ($56.6 million) on Monday, as it looks to open more restaurants in a country where international fast-food brands are gaining in popularity.
BENGALURU An Indian regulator has ordered an investigation into allegations that hotel-booking service MakeMyTrip Ltd gives special treatment to SoftBank-backed hotel chain Oyo on its platform, stifling competition in the industry.
BENGALURU, Oct 29 An Indian regulator has
ordered an investigation into allegations that hotel-booking
service MakeMyTrip Ltd gives special treatment to
Softbank-backed hotel chain Oyo on its platform,
stifling competition in the industry.
BENGALURU/NEW DELHI India's biggest airline IndiGo reported its biggest ever quarterly loss on higher maintenance costs and cut capacity expansion targets, at a time when the industry is grappling with slowing passenger growth in a sluggish economy.
BENGALURU India's Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging.
* Benchmark 10-year bond yield rises 5 bps
(Updates prices, adds quote)
BENGALURU, Oct 4 Indian shares rose on Friday
ahead of a likely interest rate cut by the central bank in the
backdrop of slowing economic growth, with beaten-down banking
stocks leading gains.
BENGALURU Indian shares fell 1% on Tuesday, as investors fretted about the exposure of major banks to the troubled real estate sector, compounding worries about a slowdown in economic growth.