Oyo

Global hospitality major OYO on July 7, said that it will add 500 new hotels across several host cities of the upcoming Men’s Cricket World Cup. These will be added over the next three months to meet the anticipated increase in booking demand. The announcement came as a major relief to boost hospitality and meet demands of the fans, arriving in Indian cities to witness the ODI World Cup.

In retaliation to a notice from Zostel threatening to limit its IPO preparation efforts, OYO published an open letter on its blog. OYO is allegedly planning a public sale of shares "without complying with the provisions of the award and allotment to the shareholders; the ownership to which they are entitled," as per Zostel. In response, Oyo claims that it is an attempt to circumvent the Delhi High Court's processes.

The Nigerian police have alerted the non-natives in the country after two Indian workers were kidnapped on gunpoint on December 9. The two Indians were kidnapped from Nigeria’s Ibadan City of Oyo state where they worked in a pharmaceutical firm. While the families of the Indians have not been contacted by the kidnappers, the police spokesman Olugbenga Fadeyi assured of a "concerted effort". Hundreds of Indians work in Nigerian pharmaceutical… read-more