Nabard, Ayurvet Research Foundation ink MoU

Chandigarh: The Haryana regional office of Nabard has signed an MoU with Delhi-based Ayurvet Research Foundation (ARF) for facilitating various collaborative initiatives, especially in the resource-poor districts of Haryana, for the integrated agricultural and rural development of the state. The MoU will facilitate in finding practical solutions to the problems and challenges coming in the way of integrated development of some districts. It is expected that this MoU will prove to be a facilitator for planning and implementation of programmes like natural resource management, village development, exploring and creating alternative employment generation opportunities, upscaling micro-finance activities and supporting farmer producer organisations by synergising the efforts of Nabard and ARF. TNS

Oyo checks into long-term housing rental space

Mumbai: Hotel aggregator Oyo Rooms on Monday announced its entry into the long-term fully managed housing rental segment under Oyo Living label. With this, Oyo aims to become a leading brand in the long-term housing rental and accommodations business and a provider of housing, the company said.  At the launch, Oyo Living is offering over 35 properties, with over 2,000 beds in Noida, Gurugram, Bangalore and Pune, targeted at young professionals. It plans to take the number to over 50,000 beds by the end of 2019 when it hopes to be present in all the top 10 metros, according to the statement. Monthly rentals start at Rs 7,999, it added. Ritesh Agarwal, founder, Oyo Rooms, said, “Oyo Living represents our ongoing commitment to continue innovating and creating world-class stay experiences.” PTI

Jet calls off ATR wet leasing deal with TruJet 

Mumbai: Jet Airways on Monday said it has cancelled its proposed deal with TruJet for wet leasing of some of its regional jets over the latter’s failure to meet with the deadline on terms of agreement. Earlier in the day, a source had said that the deal for wet leasing of up to seven ATR planes to TruJet by the Jet Airways had hit air pocket due to regulatory issues and pilots problems. “Jet Airways has called off the proposed agreement with a regional carrier (TruJet) as the terms were not met within stipulated timelines,” a Jet Airways’ spokesperson told PTI in response to a query on the deal. The two carriers had attempted to strike a deal on ATR planes earlier last year as well, but even after months of back and forth, Jet Airways failed to phase them out. The airline has been battling cash crunch following two quarterly back-to-back losses. PTI