Oyo rejigs top brass ahead of IPO, replaces CEO of India business
IPO-bound Oyo on Thursday announced a major rejig in top management and appointed a new CEO of its India business. The affordable lodging start-up has named Ankit Gupta, CEO of Oyo’s hotels and homes vertical, as chief executive of its India business. It also elevated Rohit Kapoor to a global role as the company’s marketing head. Read more
Immediate fuel price hike unlikely; govt comfortable with $100 crude
With benchmark crude oil prices hovering around $100 a barrel, oil marketing companies (OMCs) are unlikely to raise retail prices of petrol and diesel. Senior policymakers told Business Standard that the government is comfortable with crude prices at below $100 and even if international prices go above that level for short spans of time, the OMCs can absorb it. Read more
Russian-Ukraine war impact: Steel producers feel a new pinch in India
Russia’s war on Ukraine has sent steel prices soaring to its highest levels in the domestic market since November 2021. But there is little cheer in the industry. That’s because input costs are spiralling out of control, leaving the big boys nearly as high and dry as the small, medium and secondary steel producers. Read more
UK, Australia may score over Canada for Indian students, shows data
If 2021 saw Canada post a manifold growth in intake of international students, especially from India, the upcoming Fall 2022 season may find the scales tipped in favour of the UK and Australia, along with the US, as top destinations. Read more
Re-elected MLAs from ruling party added more wealth than others
Data emerging from the recently concluded Assembly elections in five states shows that it pays to be in power. A Business Standard analysis of data from the Association of Democratic Reforms (ADR) on the wealth of candidates shows that the re-elected MLAs from the ruling party added more wealth in the last five years than re-elected candidates from other political parties. Read more
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