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Sunday, September 26, 2021

Oyo Hotels

OYO HOTELS NEWS

Two killed in fire at Dwarka OYO hotel; owner, manager arrested

August 16, 2021 8:51 pm

An OYO spokesperson said, "Safety is always our top priority. The concerned property is closed and sealed till further notice."

Explained: Why did NCLAT dismiss insolvency proceedings against OYO subsidiary?

July 10, 2021 8:31 am

Insolvency proceedings against Oyo have been dismissed by the NCLAT. Why was the company undergoing insolvency proceedings, and why did the NCLAT allow withdrawal despite unresolved claims by other operational creditors?

Explained: Why has OYO moved NCLAT challenging insolvency plea against a subsidiary?

April 08, 2021 8:14 am

The Ahmedabad bench of NCLT had on April 1 admitted an insolvency plea against OHHPL after a creditor approached the tribunal claiming a default of Rs 16 lakh

Oyo denies seeking bankruptcy after $22,000 claim

April 07, 2021 7:07 pm

Oyo Hotels founder Ritesh Agarwal tweeted Wednesday his company had initially disputed an unidentified supplier’s claim for 16 lakh rupees or about $22,000, but eventually paid “under protest.”

Oyo furloughs thousands of workers in setback for SoftBank

April 09, 2020 1:14 pm

Oyo has more than $1 billion of cash in the bank and is exploring options to remain viable over at least the next 36 months, one of the people said. SoftBank shares rose as much as 3.5% in Tokyo trading.

‘OYO raises $807 mn from SoftBank, RA Hospitality’

March 18, 2020 12:59 am

The latest investment will take OYO’s total fund count to over $2 billion. The bulk of the fresh funds will be used to expand its business in the US, the company had said earlier.

SoftBank-backed Oyo to cut about 5,000 jobs in overhaul

March 05, 2020 8:32 am

The Indian startup, Oyo Hotels, is reducing staff in China, the US and its home country as it seeks to boost profitability.

OYO net loss widens to $335 mn in FY19, revenue rises five-fold

February 18, 2020 4:16 am

Consolidated revenues grew nearly 5 times year-on-year to $951 million in FY19. Revenues stood at about $211 million in FY18, OYO said.