London, May 6 (PTI) Cybercriminals are still struggling to make effective use of AI tools despite widespread experimentation since the launch of ChatGPT, according to a new peer-reviewed study analysing more than 100 million posts from underground cybercrime forums.London
In the early 1990s, Qatar was grappling with a period of economic strain - high debt levels and weak state revenues were weighing heavily on its finances. To try to transform its fortunes the small Gulf state made a decisive bet on natural gas. It would develop its vast offshore gas reserves
West Bengal Police seized a vehicle linked to the killing of Suvendu Adhikari's personal assistant near Madhyamgram. Live rounds and fired cartridges were found at the scene. The vehicle's number plate was reportedly fake. BJP leaders called the incident a targeted attack by the TMC to spread fear
Honor Play 80 Plus has officially been launched in China, expanding the company’s Play 80 lineup with a device that clearly puts battery life front and centre. If you are someone who hates charging your phone frequently, this one is trying hard to grab your attention
Bengal e-way to impact protected forest landThe Jangal Mahal Elephant Corridor lies 7.75 km to the south of the project alignment, raising the potential for wildlife incursion. Published on: May 07, 2026 7:48 AM IST By Jayashree Nandi, NEW DELHI Share via Copy link The Union environment
Man ‘retires’ from corporate life at 35: ‘Burnout is real for millennials’The man’s post about leaving the corporate world has resonated with many, prompting varied reactions on social media. Published on: May 07, 2026 7:01 AM IST By Trisha Sengupta Share via Copy link The conversation
LG’s new Essential Series aims to make premium tech more accessible in India: Check complete range and pricesLG launches its 2026 appliance range in India, spanning budget to premium segments, with prices starting at ₹16,600 and new AI-powered, smart home solutions. Updated on: May 06
West Bengal BJP leader Suvendu Adhikari has called the killing of his personal assistant a "cold-blooded and pre-planned murder." He urged party workers to maintain peace while assuring that the culprits will be brought to justice. Union Minister Sukanta Majumdar echoed these sentiments
OYO IPO Soon? Company To File DRHP In November, Eyes $7-8 Billion Valuation, Says Report
OYO IPO Soon? Company To File DRHP In November, Eyes $7-8 Billion Valuation, Says Report
Global travel tech firm OYO is preparing to file its draft red herring prospectus (DRHP) in November, targeting a valuation of $7-8 billion for its initial public offering (IPO), news agency PTI has reported citing sources. It said the company is expected to place the proposal before its board next week.
A company spokesperson, however, maintained that the timeline remains undecided: “While we cannot comment on any timelines related to OYO's DRHP or IPO related plans, since it's a decision that will be guided by OYO's Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders."
According to the report, valuation discussions have picked up pace in recent weeks, with guidance pegged at around Rs 70 per share, translating to nearly 25-30 times OYO's EBITDA (earnings before interest, tax, depreciation, and depreciation).
“The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies in London to assess market sentiment. After assessing market feedback, they are now confident in their decision. The board will be approached next week as the company firms up the details and finalises key strategic elements," PTI cited a source as saying.
SoftBank, OYO's largest shareholder, is expected to play a key role in the IPO process. The proposed filing will likely highlight OYO's Q1 financials, a period marked by strong growth and improved fundamentals, aided by double-digit expansion in the broader hospitality sector.
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Alongside its IPO preparations, OYO is working on a new parent brand identity to unify its portfolio. Earlier this year, founder and CEO Ritesh Agarwal had crowdsourced name suggestions for Oravel Stays Limited via social media, with the chosen name potentially becoming the group's new identity.
The company is also considering launching a separate app dedicated to its premium and mid-market hotels, a segment witnessing rapid growth across India and key global markets.
Source: News18
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