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HOSPITAITY FIRM OYO Rooms has filed fresh documents with India's stock market regulator, Securities and Exchange Board of India, for an Initial Public Offering in early next year, media reports said. The company filed fresh financial documents on Sept. 19 and is now targeting an IPO in January 2023, according to CoStar. OYO filed preliminary IPO documents in 2021, only to shelve the listing plan earlier this year after the prolonged pandemic hurt its growth and forced the company to cut thousands of jobs. The latest financial documents showed narrower losses and a rebound in sales for the year through March 2022 and in the three months to June 2022.

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Nakul Anand, former executive director of ITC Hotels, is named as the patron-in-chief of the Federation of Associations in Indian Tourism & Hospitality. Anand served as the federation's chairman from its inception until recently. He represented the Hotel Association of India within FAITH, the umbrella body comprising 10 trade associations in the travel, tourism, and hospitality sectors of the industry, FAITH said in a statement. Rajiv Mehra, general secretary of FAITH, said that the decision has been taken considering Anand's "exceptional contributions and unwavering dedication to the tourism & hospitality industry" as former chairman of FAITH and former executive director of ITC Ltd. Under his leadership, FAITH drafted and presented a vision document for Indian tourism for 2035 and 2047, the statement added. Additionally, the International Travel Mart of India was launched. The federation also made interventions to address anomalies in GST, the ECLGS scheme of the government and more.

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