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Hotel wars
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India’s competition regulator has directed the country’s largest online travel firm
MakeMyTrip to relist the properties of two budget hotel chains, which it stopped listing in 2018 after signing an agreement with their rival Oyo. The court said clamping down on anti-competitive behaviour was especially important in “winner takes all” platform markets.
Also in today’s letter: Indian IT: Escaping the Exodus Paytm’s NUE plansMakeMyTrip told to relist properties of Oyo rivals
India’s competition regulator has directed MakeMyTrip to allow budget hotel chains
Treebo Hotels and
Blackstone Group Inc. has shelved a planned sale of its majority stake in Indian IT outsourcing services provider Mphasis Ltd. over valuations, according to a person familiar with the matter.