Page 2 - Info Edge (india)

Never received notice from Google: Sanjeev Bikhchandani on removal of apps

Info Edge founder said that the only app in contention was Jeevansathi, and it was complied with on February 9

Info Edge's Naukri, Shiksha, 99 acres removed from Google Play Store

Info Edge (India) Ltd on Saturday said its mobile apps, including naukri.com, 99 acres.com, and shiksha.com have been removed from Google Play Store. This comes a day after Google began removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments. Google has said that 10 companies in the country, including "many well-established" had avoided paying fees despite benefiting from the platform. "We would like to inform you that the company's mobile applications (viz. Naukri.com Job Search App, Naukri Recruiter, Naukrigulf Job Search App, 99acres Buy/Sell/Rent Property and Shiksha), have been removed/delisted from Google Play Store today by Google, along with several mobile applications of other companies/entities as well," Info Edge (India) Ltd said in a BSE filing. It said the action comes as a surprise to the company as it was taken without giving due and sufficient notice by Google. Info Edge clarified that users who alre

IAMAI advises Google not to delist any apps from its Play Store in India

Earlier today, Google began removing the apps of 10 companies in India over service fee payments, including some popular matrimony apps like Bharat Matrimony

Info Edge: Good Q2 results with hiring across segments, cautious outlook

September quarter saw hiring across segments except IT, where the management guidance continues to be cautious

Info Edge consolidated net profit halves to Rs 147 cr in June quarter

Internet company Info Edge on Friday said its consolidated net profit in June quarter FY24 almost halved to Rs 147.4 crore. The company, which owns platforms like Naukri.com, Jeevansathi etc, had posted a net profit of Rs 292.4 crore for the same period a year ago. Revenue from operations increased 14.37 per cent to Rs 625.94 crore during the quarter from Rs 547.26 crore in the year-ago period. "The Naukri business is facing headwinds in IT hiring, however the non-IT hiring market continues to look good. Growth in 99acres continues to be strong. In Jeevansathi, our Freemium strategy has helped us bring down our marketing spend and cut burn over the last few quarters," Info Edge Managing Director and Chief Executive Officer Hitesh Oberoi said in a statement.

Despite headwinds Info Edge stock rally continues on strong Q4 performance

Notwithstanding the slowdown in IT hiring and rich valuation, most analysts remain positive

Info Edge: Investors must wait for sell-off to end before making new entry

The guidance says there are clear signs of a slowdown in IT hiring, with supply pressure easing and lower attrition

Info Edge slumps 10% on Rs 116 cr Q3 loss; writes-off invst in 4B Network

The losses in the recent quarter mainly accrued as the company wrote off its investment in property tech start-up 4B Networks. It had invested Rs 276 crore in the start-up as of September 2022

IT hiring slowdown to hit Info Edge revenues in second half of FY23

Ongoing investments in 99acres amid rising competition may hinder profitability

Tech startup Matter raises $10 mn to scale up e-mobility, energy storage

Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding

Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows

Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.

Traction in hiring, improving real estate demand positives for Info Edge

Cash deployment and valuation upside for new business/investee firms are other triggers

Apollo Hospital, Info Edge in Nifty 50 race, Indian Oil might make an exit

However, if IOC shares rally 10-15% from current levels over next few weeks and Apollo or Info Edge fall or remain unchanged, there could be a status quo

Short-term bias for Nifty seems weak, says Subash Gangadharan

The technical & derivative analyst from HDFC Securities recommends buying Chambal Fertilisers and Info Edge

Stocks to Watch: Nykaa, Naukri, ONGC, Hindalco, Nalco, SpiceJet, Coal India

The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend

Info Edge hits record high on healthy outlook & likely Policybazaar IPO

The company expects that in the post-COVID-19 environment there will be faster absorption of internet-based activities in the domains where it operates

Info Edge gains 5% as Zomato gets Sebi approval for IPO

Info Edge to sell shares worth Rs 375 crore in Zomato IPO

Stock ideas by Ajit Mishra of Religare Broking: Buy Info Edge, Sun Pharma

IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there

Info Edge dips 2% on disappointing March quarter results

ICICI Securities believes Info Edge will be a key beneficiary of a shift of advertising to the online medium

Osho Krishan of Anand Rathi is bullish on HUL, PowerGrid; here's why

PowerGrid has witnessed a breakout and is placed at its lifetime high zone, indicating inherent strength in the counter