OYO hotels announces its foray into China
Gurugram, June 20: OYO Hotels on Wednesday announced its foray into China with a strong focus on strengthening its hotel chain there, a company spokesperson said.
"With this launch, OYO Hotels is all set to substantiate its leadership in the market while working towards its mission of bringing great living spaces in the country in the form of well-designed small hotels while introducing best-in-class training and education in the sector," OYO said in a statement.
It has also initiated acquiring over 11,000 exclusive rooms in 26 cities including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming among others.
Commenting on the development, Ritesh Agarwal, Founder & CEO, OYO said: "After our successful overseas expansion and operations in Malaysia and Nepal, we are thrilled to offer OYO hotels' hassle-free and standardized stay experience to guests in China".
"The country's tourism industry is on the cusp of booming and flourishing wherein it enjoys a strong influx of both domestic and international tourists; also the market is as fragmented as the Indian hotel market," he said.
"With our expertise in managing chain of hotels backed by technological innovations, we will further continue to strengthen our footprint while empowering neighbourhood hotels to emerge in the same league as the big boys of hospitality," he added.
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JPMorgan executive sued in New York over alleged sexual abuse, harassment by former colleague
New York: A senior executive at JPMorgan Chase has been sued by a former colleague in New York, with allegations of prolonged sexual abuse, racial harassment and workplace intimidation.
The civil suit was filed before the New York County Supreme Court, as reported by The Observer Post. It names Lorna Hajdini, an executive director at the bank, as the defendant. The complainant, identified as “John Doe,” is described as an Asian banker who worked in the leveraged finance division.
The complaint alleges that the misconduct began after the two started working together in early 2024. It states that the defendant allegedly used her senior position to pressure him into unwanted sexual encounters and threatened his career progression if he refused.
The lawsuit further alleges multiple incidents of coercion and claims that the harassment escalated into sexual assault, despite repeated objections.
It also includes allegations of racial harassment, stating that derogatory remarks were made about the complainant’s ethnicity and personal life. The complaint further alleges that the defendant admitted to drugging him on certain occasions and accessed his bank account without authorisation.
Two witnesses have been cited in the filing as corroborating parts of the complainant’s account, including hearing his protests during alleged incidents.
The complainant has stated that he reported the alleged misconduct internally in May 2025. He further alleges retaliation, including loss of system access, reprimands, and being placed on involuntary leave. He also claims he received threatening calls referencing his ethnicity and immigration status.
His counsel, Daniel J. Kaiser, said the complainant has suffered emotional trauma and professional setbacks, including a diagnosis of post-traumatic stress disorder.
Responding to the allegations, JPMorgan Chase denied any wrongdoing, stating that an internal investigation found no evidence to support the claims. The bank said that while several employees cooperated with the inquiry, the complainant did not participate in the process or provide supporting details.
