Page 2 - Mapmyindia

MapmyIndia freezes at 20%, hits record high on heavy volumes

A combined 3.64 million shares, representing 6.72% of total equity of MapmyIndia, have changed hands on the NSE and BSE till 11:54 am

CE Info Systems shares rise 6% on strong Q4 performance

The software products company's net profit zoomed 36 per cent on a year-on-year (Y-o-Y) basis to Rs 38 crore in the March quarter of FY24, from Rs 28 crore in the March quarter of FY23

MapmyIndia board approves Rs 500 cr fundraise plan by way of QIPs

MapmyIndia board has approved the company's plan to raise Rs 500 crore, Homegrown navigation services firm said in a regulatory filing on Monday. CE Info System, which operates under the brand name of MapmyIndia, will need to seek shareholders' nod and other statutory approval before fundraise through equity dilution. The company said the board has approved "raising of funds by way of issuance of such number of equity shares having a face value of Rs 2 each of the company (equity shares), for an aggregate amount not exceeding Rs 500 crore or an equivalent amount thereof by way of Qualified Institutional Placement (QIP) in accordance with the applicable laws". The company's board also approved constitution of a committee for all matters relating to the fundraising through QIP.

Mark Mobius-backed MapMyIndia stock doubles as mapping services grow

Shares of MapmyIndia, formally known as CE Info Systems Ltd., have risen about 104 per cent from the end of March, adding around $675 million in market value

MapmyIndia soars 11% on heavy volumes; stock zooms over 100% in 6 months

The company has laid down a five-year plan wherein it aims to cross the revenue milestone of Rs 1,000 crore by FY28 reporting a CAGR of 35-40 per cent.

G20: If you need live 3D traffic updates from New Delhi, try this app

Mappls MapmyIndia, a satellite-based navigation map, can help track real-time updates on road closures and turn restrictions

MapMyIndia partners with Police for real-time traffic updates during G20

Domestic navigation services company MapMyIndia has collaborated with Delhi Police to show real-time traffic updates on its Mapples app during the G20 Summit, the company said on Wednesday. The Mapples navigation map will show the latest traffic conditions, affected by VIP movements and other unforeseen circumstances during the G20 Summit, a company statement said. "Delhi Police shared all the planned traffic restrictions and road closures. We ingested the same into our routing, navigation and traffic engine. "For users, it is still a simple experience - search for the destination and then click on directions and navigate - and we will suggest a route around the restricted area," MapMyIndia CEO and Executive Director Rohan Verma said. The G20 Summit is scheduled to be held on September 9 and 10. In case of route closures due to traffic restrictions, Mappls App users can discover alternate routes and navigate to destinations closest to their original destination, the statement said

Indian start-ups distance themselves from IAMAI, call it 'pro-Big Tech'

Say the association is led by executives of tech majors and favours these firms

IAMAI promoting anti-Indian, pro-foreign Big Tech views: MayMy India CEO

Rohan Verma, CEO & Executive Director, MapmyIndia, on Monday slammed the Internet and Mobile Association of India (IAMAI) for parroting and promoting views that are "anti-Indian and pro-foreign Big Tech".

MapMyIndia reports PAT up 23% to Rs 108 cr, reaches over 850 customers

The company said its annual expenses increased 41 per cent to Rs 176.24 crore, from Rs 124.66 crore in FY22

Digital firm MapmyIndia's profit up 23% at Rs 107 crore in FY23

Company says it embedded 1.9 million vehicles with mobility solutions app in FY23

Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc

Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile

MapmyIndia invests in drone firm Indrones to expand customer offering

Geospatial software company buys 20% stake in start-up that has developed technologies for data collection

MapmyIndia slips 4% to hit lowest level since listing; nears issue price

With today's decline, it has tanked 45 per cent from its 52-week high of Rs 1,918.35 touched on January 17, 2022

MapMyIndia net profit up 18% at Rs 24 crore in April-June quarter

Digital map company CE Info Systems, which operates under MapMyIndia brand name, posted nearly 18% increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23.

Google's anti-competitive activities harm Indian consumers: MapMyIndia CEO

Google's anti-competitive activities are harming Indian consumers and the economy by stifling "swadeshi" (indigenous) competitors, a top official of home-grown navigation firm MapMyIndia said. The Competition Commission of India (CCI) in October slapped a steep penalty of Rs 1,337.76 crore on internet giant Google for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the internet major to cease and desist from various unfair business practices. Google has approached the appellate tribunal NCLAT to challenge the CCI order on unfair business practices in the Android mobile device ecosystem, alleging that the decision presents a major setback for its Indian users and businesses, who trust Android's security features and potentially raises the cost of mobile devices. "It is common knowledge in industry, government, regulators and those who have studied the matter in detail that Google is an anti-competitive monopoly that perpetuates its

MapMyIndia launches 360 degree panaromic street view 'Mappls RealView'

MapmyIndia has already made live a part of its repository - covering nearly 100,000 kilometres across hundreds of cities and highways for free for consumers

MapmyIndia to acquire 9.9 pc stake in geospatial company Pupilmesh

Digital maps company CE Infosystem, which operates under the MapmyIndia brand, said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh.

MapmyIndia declines since listing gains; Q3 net profits, revenue fall YoY

Shares of MapmyIndia haven't been able to keep its strong bull run and have fallen around 15 per cent since its bumper listing on the exchanges.

MapmyIndia slips 11%, hits record low post December quarter results

The company's consolidated net profit declined 14 per cent YoY to Rs 18.52 crore in Q3FY22.