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☆ India's Congress party likely to get first non-Gandhi chief in 25 years
  + stars: | 2022-09-26 | by ( Manoj Kumar | ) www.reuters.com   time to read: +2 min
A supporter waves a flag of India's main opposition Congress party at a massive rally organised by the party against inflation, at Ramlila Ground, in New Delhi, India, September 4, 2022. REUTERS/Anushree FadnavisNEW DELHI, Sept 26 (Reuters) - India's main opposition Congress party is likely to elect a new party president from outside the Nehru-Gandhi dynasty for the first time in nearly 25 years, as it looks for a reset ahead of the next election to compete with Prime Minister Narendra Modi. Many senior Congress leaders have quit to form their own party or to join the BJP, blaming the weak Congress leadership of Rahul Gandhi, the son of ailing party president Sonia Gandhi, who took charge temporarily in 2019. Sonia Gandhi, the widow of former Prime Minister Rajiv Gandhi, led the party uninterrupted for nearly two decades until 2017. Rahul Gandhi, who took over from her but resigned in 2019 following the drubbing by Modi's party, has declined to stand in the party election.
☆ Oyo will check into public markets in better shape
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +2 min
The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis - RC1364FBCAC0MUMBAI, Sept 20 (Reuters Breakingviews) - A recovery in travel means Oyo is set to check into public markets in better shape. The budget hotel chain founded by Ritesh Agarwal grew revenue 18% to 49 billion rupees ($615 million) in the year to March. The uplift was reported in an addendum to its draft initial public offering document first filed a year ago. Earlier Oyo was targeting a whopping $11 billion valuation, equivalent to 19 times trailing sales.
☆ Ford expects parts shortage to hit third-quarter sales
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo is seen on the bonnet of a new Ford Aspire car during its launch in New Delhi, India, October 4, 2018. REUTERS/Anushree FadnavisSept 19 (Reuters) - Ford Motor Co (F.N) said on Monday it expects to have 40,000 to 45,000 SUVs and trucks in inventory lacking certain parts at the end of the third quarter, pushing sales of the vehicles to the fourth quarter. The company now expects it third-quarter adjusted EBIT to be in between $1.4 billion and $1.7 billion. However, it maintained its expectation for full-year 2022 adjusted earnings before interest and taxes of between $11.5 billion and $12.5 billion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
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