Oyo to meet bankers next week for third IPO attempt; eyes $5-7 billion valuation
Oyo's parent company, Oravel Stays Ltd, is set to formally invite merchant banker proposals as it plans a renewed IPO attempt, targeting a valuation of $6–7 billion. The listing is expected by March–April 2026, amid financial pressures and a reported FY25 net profit of Rs 620 crore.
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Time of India
35 minutes ago
- Time of India
MU issues physical marks cards to graduates
Mangaluru: Mangalore University has fulfilled the long-pending demand for physical marks cards for candidates who graduated under the National Education Policy-2020, where marks cards were issued digitally. PL Dharma, vice-chancellor, and H Devendrappa, registrar (evaluation), said that after obtaining special permission from the higher education department and with the support of UT Khader, speaker of assembly, the university has met the demand for issuing physical marks cards. This announcement was made during the first general academic council meeting held on Friday. Dharma stated that marks cards were already sent to the respective colleges. A total of 13,517 marks cards for undergraduate students out of over 18,000 candidates were printed and issued. In the postgraduate section, a total of 1,637 marks cards were printed and issued. "Close to 5,000 undergraduate marks cards have not been issued due to errors in the data. We are trying to rectify this and issue them at the earliest. The data received from UUCMS contains errors," said Dharma, adding that the university is not charging for the issuance of mark cards. The issuance of physical marks cards will bring much-needed relief to graduates who faced inconvenience due to the digitally issued ones. Dharma mentioned that many graduates complained as they were unable to secure jobs or pursue higher education abroad. During the meeting, the revised syllabus of various courses, autonomous status for Mahatma Gandhi College, Udupi, revised sitting fees, travel allowances, and other allowances for syndicate members and officials were discussed. The cash-strapped university has increased the syndicate member sitting fee from Rs 5,000 to Rs 8,000. Internal probe under progress for Belapu Mangalore University allegedly diverted about Rs 8.5 crore funds sanctioned for the development of the PG centre in Belapu in Udupi district. Instead of utilising the funds for the project, the university used them for an international hostel and other activities, violating the govt order. Dharma said that an internal inquiry in this regard is in progress. One report has already been submitted. "We still need at least Rs 12 crore to complete the Belapu project and have already spent about Rs 38.3 crore. We have planned to start unique courses, including one related to marine and coastal security," he said.
Time of India
an hour ago
- Time of India
Property tax notices issued despite GMC repeal, councillors stage protest
Ghaziabad: Ghaziabad Municipal Corporation (GMC) councillors on Friday staged a sit-in protest at the corporation's head office in Navyug Market over hiked property tax notices to residents, even though the "board repealed the proposal". The hiked property tax came into effect on April 1. GMC officials, meanwhile, said the process of issuing notices is "system-generated". "If anyone has deposited a hiked property tax, it will be adjusted to older tax slabs," the GMC officials said. But the protesters are not convinced. Councillor Manoj Goyal said, "The GMC board, which met on June 30, unanimously called for bringing the existing property tax — which was applicable before April — and the board passed the proposal, which meant GMC would not collect hiked property tax and would not issue notices to residents. However, the corporation has been issuing notices, which is a violation of the municipal act." You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Protesters said they have been demanding minutes of the board meeting from officials whom they met on "at least three occasions" and each time they were denied. Councillor Neeraj Goyal said, "As a rule, we have the right to the minutes of the meeting and we are demanding whether the board's proposal has been complied with or not. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Compare Spreads: Bitcoin vs Ethereum CFDs IC Markets Learn More Undo There is something missing due to which the officials are not sharing details. Every mayor has asked residents not to deposit property tax at hiked rates, but even then, notices are being issued, which undermines the very office of elected representatives. " Meanwhile, GMC officials said there is another issue involved — a case has been filed in Allahabad high court against GMC's decision to impose an increased property tax and the court's decision is pending. "We are awaiting the court's decision and only after that can the system-generated billing system be updated as per old tax slab rates," a GMC official said. The property tax rates before April 1 were between Rs 0.32/sq foot on properties with less than 12m of road width, Rs 0.48 to Rs 2 for roads 12–24 metres wide and Rs 0.65 to Rs 2.41 for wider roads. The revised rate is between Rs 0.75/sq foot to Rs 4/sq foot. In March, the board passed the proposal to link tax with the DM circle rate. GMC calculates tax based on the annual rental value (ARV) of a property.
India.com
an hour ago
- India.com
8th Pay Commission salary calculator: Net salary after applying Level-3 GP-2000 may be..., check details about Basic Pay, Fitment Factor, HRA, TA here
8th Pay Commission salary calculator: Net salary after applying Level-3 GP-2000 may be…, check details about Basic Pay, Fitment Factor, HRA, TA here 8th CPC Salary Calculator: Good news for the employees as the 8th Pay Commission is now in its final phase. The question hovering in every employee's mind is – how much salary hike they will get after the implementation of the 8th Pay Commission? Employees working at Level-3 want to know their salary hike. Based on an estimated '8th CPC Salary Calculator', we will show you the expected calculation of your increased salary at Level-3. What Will Be The Fitment Factor? The fitment factor plays a crucial role in deciding the basic salary of central employees. In the 7th Pay Commission, the fitment factor was 2.57. And because of which the minimum salary increased from Rs 7,000 to Rs 18,000. In the 8th Pay Commission there are different estimates such as – 1.92, 2.08 and 2.86. This will decide the new salary of the employees. According to several reports, the possibility of keeping the fitment factor around 1.90 or 1.92 has been expressed. However, the fitment factor is not yet officially decided.
