Indian shares closed higher on
Tuesday after tumbling as much as 3% in the previous session,
led by a surge in information technology and metal stocks,
though fears over surging Omicron COVID-19 cases. | December 21, 2021
Several SoftBank-backed companies and many popular names such as Paytm, Nykaa and Zomato have sought a listing in India this year as ample liquidity and strong retail participation pushed the stock market to record levels.
SoftBank-backed Indian ride-hailing firm Ola's Chief Financial Officer Swayam Saurabh and Chief Operating Officer Gaurav Porwal are leaving the company, according to an internal memo seen by Reuters.
Oyo's IPO comes at a time when travel restrictions are being eased across the globe and the tourism sector is rebounding as people head out on vacations after lengthy lockdowns.