Business

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IPO-bound Oyo partners Yatra to expand its business travel offerings

IPO-bound travel-tech unicorn OYO on Thursday announced its partnership with travel agent platform Yatra to strengthen its presence in the business travel segment particularly in key centres such as Delhi-NCR, Mumbai, Bengaluru. As part of this alliance, more than 500 company serviced hotels of OYO have already been on-boarded for the first time on Yatra's platform. It includes hotels under mid-premium and premium brands such as SUNDAY, Palette, Clubhouse, Townhouse, Townhouse Oak and Collection O for business travellers across India. OYO is planning to add 1,000 more company serviced hotels for booking on Yatra's platform by September this year, the company said in a statement. This will strengthen Yatra's inventory, especially in emerging metros where the demand for quality accommodation is surging due to increased business travel, it added. According to estimates, India's business travel spending reached USD 38.2 billion in 2024, reflecting robust growth and positioning the cou

Punjab govt to impart business, marketing skills to Class 11 & 12 students

Punjab Education Minister Harjot Singh Bains on Saturday said skill education in business and marketing will be provided to all class 11 and 12 students in government schools from the next academic session under the Punjab Young Entrepreneurs scheme. The move is aimed at encouraging students to set up their own start-ups, he asserted. Addressing a gathering, Bains said under the 'Business Blasters Expo-2025', students are being encouraged to become job creators instead of job seekers, with the state government providing all kinds of assistance -- both financial and technical -- to all progressive-minded students. Referring to the expo, Bains said students selected from government schools across Punjab presented their business ideas before industrialists, start-up founders, and educationists, and all participating teams succeeded in getting financial assistance. The minister said an investment of Rs 17 lakh has been made to set up innovation labs, where students will now be able to

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Traders, business associations hail scrapping of police licensing approvals

Traders and business associations in the national capital have welcomed the decision to abolish the requirement of a Delhi Police license for several commercial categories. They termed the move a step towards reducing bureaucratic red tape and easing business operations in the city. Sanjeev Mehra, president of the Khan Market Traders' Association, said the decision would provide partial relief to business owners but stressed the need for further streamlining. "It would be more effective if the government implements a single-window clearance system involving nodal officers from departments like Fire, Police, and others," he said. Paramjeet Singh Pamma, chairperson of the Sadar Bazaar Traders' Association, said the step was essential and long overdue. He added that the move would not only ease the licensing process for traders but also make it simpler to conduct business in the city. Brijesh Goyal, chairman of the Chamber of Trade and Industry (CTI), said the decision would reduce .

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Oyo's Innov8 sells 3% stake at ₹1K cr valuation to expand co-working biz

OYO-owned co-working firm Innov8 has sold 3 per cent stake in the company to investors at a valuation of Rs 1,000 crore to expand its business amid rising demand of flexible workspace, according to sources. Raymond Family Office has emerged as the lead investor, acquiring nearly 2 per cent share, they added. Global travel tech platform OYO Group declined to comment. In January this year, Innov8 had raised Rs 110 crore from investors, diluting 10 per cent of its equity to a clutch of high-profile investors including family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. Founded in 2015 by Ritesh Malik, Innov8 has more than 30 centres across 10 cities -- Delhi, Gurugram, Noida, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore. Innov8 has seen over 90 occupancies in its centres, driven by rising demand for flexible office spaces. It plans to reach 100 centres by end of this year. Innov8 has reported a profit after tax of Rs 62 crore for 2023

CII Karnataka to drive AI-led growth, boost MSME and sunrise sectors

The Confederation of Indian Industry (CII), Karnataka announced on Thursday that it will focus on AI led transformation, sunrise sectors and MSMEs capacity building to enhance the state's competitiveness on the global stage. Our focus is to create a resilient and agile ecosystem that empowers industries to lead in strategic areas like semiconductors, design-led manufacturing, AI-powered production, and clean energy, said Rabindra Srikantan, Chairman of CII Karnataka and Founder and Managing Director, ASM Technologies Ltd. He was addressing a press briefing organised to discuss CII's roadmap to the future. A key pillar of this journey is the expansion of Global Capability Centres (GCCs), which are rapidly evolving from support hubs to strategic innovation engines across sectors, he added. According to him, CII Karnataka is working closely with government, academia, startups, and global partners to catalyse investment, foster deep-tech capabilities, and fast-track industrial ...

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The discount-retail chain, which Dollar Tree bought in 2015 for about $9 billion, will be acquired by Brigade Capital Management and Macellum Capital Management

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