Mumbai, June 30 (IANS) OYO-parent Prism Hotels and Resorts has highlighted significant business and legal risks in its updated draft red herring prospectus (DRHP), offering investors a closer look at challenges that extend beyond its improving financial performance ahead of its proposed initial public offering (IPO). The filing showed the hospitality company has become increasingly dependent on overseas markets, remains exposed to a long-running legal dispute with Zostel and attributes much of i…
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New Delhi, June 9 (IANS) The Delhi High Court has been urged to take suo motu cognisance of the Malviya Nagar fire tragedy, judicial oversight of the investigation, fixation of accountability of officials and private parties, and systemic reforms to strengthen public safety mechanisms in the national capital.A letter plea, addressed to the Chief Justice of the Delhi High Court, sought directions for an independent, transparent and time-bound probe into the circumstances leading to the devastatin…
New Delhi, Jan 15 (IANS) India’s leading startup founders on Thursday said that the country’s startup ecosystem has seen unprecedented growth over the past decade, driven by stable policymaking, a supportive government and a strong entrepreneurial culture. As the Startup India initiative completes ten years on January 16, entrepreneurs believe that India has emerged as one of the most attractive destinations for global investors and that the future of entrepreneurship in the country looks br…