OYO, an Indian hospitality chain, signed a strategic partnership with insurance firms Chubb Samaggi and Qoala on Monday (August 31) to provide complimentary insurance coverage to guests who book rooms at any of the 800-plus OYO partner hotels in Thailand.

Oyo Hotels is firing thousands of staff across China and India, people familiar with the matter said, adding to growing signs of trouble at one of the largest startups in SoftBank Group Corp.'s portfolio.