Latest news with #ShashankJain
Yahoo
6 days ago
- Business
- Yahoo
OYO to deploy IBS Software's iStay platform
Global travel tech company OYO has entered a collaboration with IBS Software to expedite digital enhancement initiatives across its various brands worldwide. The OYO brands encompass Belvilla, Sunday, Dancenter, Traum, Check My Guest, Motel 6, and Studio 6. This partnership focuses on exploring collaborations to offer travel packages, enter the resorts segment using proprietary software of IBS, and integrate membership programmes in OYO's homes and hotels brands. Travel packages include airline reservations, hotel stays, ground transportation, and activities. IBS said guests and owners are set to benefit from an array of offerings globally, specifically across high-tourism regions including Europe, India, Mexico, Southeast Asia, the UK and the US. The partnership aims to enhance guest experiences and increase profitability for hotel owners by leveraging IBS's iStay platform. IBS Software chief revenue officer Jitendra Sindhwani said: 'Our expanded partnership with OYO reflects the strong alignment between their ambition and our technology. 'With iStay, OYO is positioned to lead the next phase of hospitality innovation, delivering connected and revenue-optimised guest experiences at scale, with a shared vision to leverage advanced digital capabilities to meet the evolving needs of the hospitality industry.' iStay platform by IBS Software, with its central reservation system (CRS), is set to enhance OYO's operations by managing content, pricing, and availability in real-time in all channels. The platform, which offers property configuration tools and corporate and group sales management, is designed to improve conversion rates across both direct and assisted sales channels and will be integrated with OYO's broader tech ecosystem. OYO Technology and Online Revenue group head Shashank Jain said: 'IBS Software, being a global leader in travel and transportation technology, has been a partner in our journey. 'As we grow our footprint globally, the iStay platform provides the reliability, flexibility, and intelligence we need to deliver exceptional guest experiences while maximising profitability for our hotel owners.' OYO had plans to launch a dedicated app earlier this year for its premium hotels and mid-market to premium company-serviced hotels. "OYO to deploy IBS Software's iStay platform" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hans India
28-07-2025
- Business
- Hans India
India sees 21 pc rise in deal volumes in first half of 2025: Report
India's deal landscape witnessed a strong start this year with both mergers and acquisitions and private equity activity gaining momentum in the first half (H1 CY25), outperforming the same period in 2024, a report said on Monday. The total deal volumes rose by 21 per cent and announced deal values grew by 9 per cent in the first six months compared to H1 CY24, signalling sustained investor confidence and strategic corporate activity despite a volatile second quarter, according to PwC India's latest report. M&A activity recorded a 23 per cent increase in H1 CY25 versus H1 CY24, driven by a flurry of transactions in the first quarter of 2025 (Q1 CY25) before experiencing a more cautious environment in Q2 CY25 as corporates recalibrated strategies. "Domestic M&A transactions climbed 25 per cent, while cross‑border M&A grew by 18 per cent. The outbound transactions surged by 50 per cent, highlighting Indian corporates' growing appetite for international expansion," the report said. Private equity investments rose by 20 per cent, underscoring resilience in the sector and ongoing momentum and confidence in India's growth story. 'Despite a dip in market activity this quarter, investor confidence in private equity remains strong, showcasing resilience and adaptability amidst economic challenges and opportunities," said Shashank Jain, Partner and Leader-Deals, PwC India. We are seeing funds take a long‑term view, with increased interest in sectors such as healthcare, renewables and technology, setting the stage for a diversified deal pipeline in the months ahead, he added. According to the report, the retail and consumer sectors led deal volumes with consolidation through startup acquisitions, while financial services dominated in deal value. Technology, pharma, healthcare and real estate displayed targeted investment strategies anchored in sustainability and innovation. Meanwhile, healthcare and pharma benefited from expansion and consolidation initiatives, while real estate momentum continued, supported by favourable policies and heightened interest in data centres and warehouses, the report stated.
Time of India
10-06-2025
- Business
- Time of India
Jainik Power Cables IPO opens for subscription
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The 51.3 crore initial public offering of Jainik Power Cables , a manufacturer of aluminium wire rods, opened for subscription on Initial Public Offering (IPO) priced in the range of Rs 100-110 per share, will remain open until June 12, the company said in a of the company will be listed on NSE Emerge, and the investors can bid for a minimum of 1,200 shares and in multiples thereof, it IPO is entirely a fresh issue of 46.63 lakh from the IPO will be utilised for setting up a plant, repayment of debt, funding working capital requirements and general corporate purposes."The launch of our IPO marks a significant milestone in our journey of transformation from a trading-based business to a fully integrated manufacturing enterprise. The capital raised through this issue will enable us to scale our operations, optimise our financial structure, and drive long-term value creation," Jainik Power Cables' Managing Director Shashank Jain FY25, the company reported a revenue of Rs 351.7 crore and profit after tax of Rs 9.24 crore. Fast Track Finsec is the sole book running lead manager while Skyline Financial Services is the registrar for the IPO. PTI
