Oyo defers IPO plan again amid turmoil

Oyo Hotels is delaying its plans for an Oct IPO after opposition from SoftBank and a tumultuous turn in the stock market this year. SoftBank has balked at the proposed timing and pressed Oyo to hold off on an IPO until its earnings are stronger, according to people familiar with the matter.This is Oyo’s third…

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Poonam Gupta takes charge as RBI deputy governor

Govt has appointed PoonamGupta as deputy governor of RBIfor a three-year term beginning May 2. She fills the vacancy left after Michael Patra retired on Jan 15. Her entry has prompted a reallocation of portfolios among RBI’s senior leadership.Gupta will takecharge of several key departments, including monetary policy, financial markets operations, economic and policy research,…

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