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In this issue

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!

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