BW Businessworld - January 04, 2020

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We chose such a man for our cover – Ritesh Agarwal − who is striving to
take his home-grown budget hotel chain to greater heights, braving the
slowdown blues that have gripped the world. At the end of 2019, a year
that brought mixed results to many corporate houses in the country, OYO
Rooms had a million rooms in its kitty. The company plans to keep the
growth momentum going in 2020 and has solid expansion plans in place
for the year. Expansion necessitates enhancing efficiency, rejigging roles
and restructuring business across various levels.
As a matter of fact, for me, the interaction with Ritesh was like a process
of reverse learning. I found his sense of humour refreshing in these times of
turbulence. In the report, we attempt an insight into the OYO story and the
outlook for the company in 2020.
As we moved into the new year, the US drone strike and the subsequent
death of an Iranian general in Baghdad, created circumstances that
threatened to flare up into a full-scale war. Oil and gold prices skyrocketed.
Since India imports 80 per cent of its crude oil requirements, prospects of
another oil shock raised concerns. Analysts and experts say a prolonged high
in oil prices could impact corporate earnings across several sectors. The crisis
seems to have de-escalated for the moment, but we examine the implications
of the geopolitical tensions in this issue of BW Businessworld.

about the supercar from the Italian stable of Lamborghini – Huracan EVO
in the car review section.
Do keep writing in with your views and feedback.
Happy reading!

BW Businessworld Magazine Description:

BW Businessworld is a fortnightly magazine that has been published since 1975. It is one of the most popular business magazines in India, and it is known for its in-depth reporting and analysis of the Indian business world. It also features interviews with leading business leaders and entrepreneurs. It's a guide to the ever-changing business landscape.

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