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Oyo to open hotels in Japan with Softbank

India’s one of the biggest hospitality chain Oyo has merged with investor Softbank Group Corp. The joint venture will open over 100 hotels across the East Asian nation as the company is looking for a profitability path. The Japanese tech giant has invested nearly $1 billion in Oyo. The SoftBank-Oyo partnership, Oyo Hotels Japan will open hotels in over 50 Japanese cities, including Tokyo, Osaka, and Kyoto. Src: https://reut.rs/2WbLiZw

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3 militants linked to Al Qaeda killed in encounter: J&K DGP

Recently, in an encounter at the Tral area of Jammu and Kashmir’s Pulwama district, three militants of Ansar ul Gazwat ul Hind, a terror outfit linked to Al Qaeda were killed. One of the militants killed was Abdul Hameed Lelhari, named as successor Ansar group headed by Chief Zakir Musa. As per the media report, DGP Dilbag Singh said that Pakistan is pushing militants into Jammu and Kashmir through its terror launch pads towards the Indian side but Jammu and Kashmir police will fight against terrorism. Src: https://bit.ly/2ogvk3S

Karnataka Congress leader D K Shivakumar gets bail by Delhi HC in money laundering case

Recently, the Delhi High court granted bail to Karnataka Congress leader D K Shivakumar, who was arrested under money laundering case. Shivakumar has been asked to sign a personal bond of INR 25 lakh and not to leave the country till hearing ends in the case. The former minister was under arrested by the Enforcement Directorate based on a charge-sheet filed by the Income Tax Department against him. He was accused in charge of hawala channels and tax evasion transactions of worth crores. Src: https://bit.ly/2MH10ZE

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IMF predicts Indian Economy to revive by 7% next fiscal year

The International Monetary Fund (IMF) has predicted that the Indian Economy can be better and rebound to around 7 per cent in the next financial year, a factor that will support to boost the economy would be measured like corporate income tax cuts and monetary policy stimulus. As per official the reason for the slowdown was not because of one cause but many different causes at work including corporate and regulatory environmental uncertainties, the stresses in the non-bank financial sector, (and) stresses in the rural sector. Src: https://bit.ly/32Jkcv6

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