Vivek Sharma

Oyo is aiming to raise Rs.1,000 Cr from family offices

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Oyo is aiming to raise Rs.1,000 Cr

Oyo, the Indian hospitality startup, is aiming to raise Rs.1,000 crore (approximately $120 million) in fresh funding. The funding is expected to come primarily from family offices of prominent Indian corporate executives and stock market experts. This fundraise is likely to value Oyo at $2.5 billion, a significant decrease from its peak valuation of $9 Read more: Oyo is aiming to raise Rs.1,000 Cr from family offices..

China’s PBOC maintains its key policy rates unchanged

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People's Bank of China (PBOC)

The People’s Bank of China (PBOC) maintained its key policy rates unchanged in its latest announcement on June 17, 2024. The People’s Bank of China (PBOC), China’s central bank maintains its key policy rates unchanged amidst concerns over narrowing bank profit margins and a weakening Yuan. The PBOC kept the medium-term lending facility (MLF) rate Read more: China’s PBOC maintains its key policy rates unchanged..

“Sensex to hit 82000 in 12 months” : Moody’s

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Moody's, a global rating agency,

Moody’s, a global rating agency, has expressed optimism about the Sensex, following the re-election of Prime Minister Narendra Modi’s government in 2024. They have set a 12-month forward target of 82,000 for the BSE Sensex, implying a 14% upside potential from the current levels. This optimism is attributed to the policy predictability that the Modi Read more: “Sensex to hit 82000 in 12 months” : Moody’s..