Info Edge (india)

Naukri.com parent Info Edge climbs 5% in trade; What's boosting the rally?

Info Edge declared an interim dividend of Rs 12 per share and fixed the record date as Wednesday, November 20, 2024

F&O stocks in focus: Long buildup seen in Naukri, Voltas, Laurus Labs

Stocks with long buildup in August series: Key levels to track on Voltas, Naukri and Laurus Labs as these stocks could potentially gain up to 9 per cent from present levels.

Strong growth prospects, mixed valuations seen for Info Edge stock

A continued slowdown in IT hiring remains a risk. IT billings growth slowed to single digits, while non-IT segments grew 14 per cent Y-o-Y and this supported growth

Info Edge rallies 5% in weak market, nears record high on positive outlook

Info Edge share price: The sustained growth momentum in the non-IT sectors is expected to continue to buoy the company's recruitment business

Stock idea: Analysts raise target price on Info Edge post Q4; details here

Info Edge (India) stock price update: Info Edge stock price zoomed 8 per cent to Rs 6,338.55 per share on the BSE in Friday's intraday trade

Info Edge Q4 results: Net profit at Rs 88 crore, revenue rises 7.9%

Naukri.com owner Info Edge posted a consolidated net profit of Rs 87.9 crore in the fourth quarter ended March 31, 2024. The company had registered a loss of Rs 503.1 crore in the year-ago period. The consolidated revenue of operations increased 8.7 per cent to Rs 657.42 crore during the quarter under review from Rs 604.78 crore a year earlier. Info Edge (India) recorded 7.9 per cent growth in its revenue from operations at Rs 608.3 crore on a standalone basis for the quarter ended March 31, 2024, compared to Rs 564.0 crore in the corresponding quarter of the previous fiscal. "The recruitment business witnessed an uptick in Q4 performance whereas non-recruitment businesses continued to deliver robust performance. "Revenues growth in the recruitment business was 3.4 per cent year on year and for non-recruitment business verticals namely 99acres.com (the real estate vertical), Jeevansathi.com (the matrimony business), and Shiksha.com (the education business) was 22.5 per cent, 29.2

Improving hiring expectations, investment gains positive for Info Edge

Naukri continues to be the market leader among recruitment portals with a database of over 95 million and a 70 per cent traffic market share in the segment

Stocks to watch: Jio Fin, Vedanta, Info Edge, Asian Paints, Swan Energy

Stocks to watch on March 04, 2024: Jio Financial Services is the sole addition to the S&P BSE Large Cap, as revealed by the Bombay Stock Exchange

App delisting cannot be permitted: Vaishnaw on Google-Indian startups row

Taking a strong view of Google pulling off some apps from its Play Store, the government on Saturday said delisting of Indian apps cannot be permitted and that the tech company and the startups concerned have been called for a meeting next week. In an interview to PTI, IT and Telecom Minister Ashwini Vaishnaw said the startup ecosystem is key to the Indian economy and their fate cannot be left to any big tech to decide. The minister's comments assume significance as Google on Friday began removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments, even as apps and well-known startup founders cried foul. Taking a serious view of the issue, Vaishnaw said: "India is very clear, our policy is very clear...our startups will get the protection that they need." The minister said the government will be meeting Google and app developers who have been delisted, next week, to resolve the dispute. "I have already called Google...I

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.