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Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.  

ADQ considering $70 million infusion in Policybazaar parent Etechaces: Report The infusion, if it goes through, would value the 13-year-old fintech firm Etechaces at $2 billion Representative Image ADQ, Abu Dhabi’s national investment company, is looking to invest $70 million in Etechaces Marketing and Consulting – the parent of Policybazaar and Paisabazaar, ahead of Policybazaar’s planned initial public offering (IPO) this year. The infusion, if it goes through, would value the 13-year-o...

» Info Edge is now worth almost $10 billion even with its profits falling for five quarters in a row Info Edge is now worth almost $10 billion even with its profits falling for five quarters in a row Sanchita DashFeb 15, 2021, 17:24 IST BCCL One of India’s oldest internet companies Info Edge’s share price has almost doubled in the last one year, with its market cap close to $10 billion. Info Edge’s presence in the stock market as one of the only purely digital players has made it a ‘st...

There has been a decline in revenues but a better expansion on the margins relatively speaking. What were some of the factors at play this quarter? Q3 was on expected lines. For us, the billing growth came back very strongly. We were down to minus 1% as a company in the end which is a substantial improvement over both Q1 and Q2. The recruitment business was down 4% in terms of billing, 99acres was down about 3.5%, Jeevansathi grew by about 17% and Shiksha grew by 27%. Things are getting back to...

February 13, 2021 Info Edge (India) Limited clocked consolidated revenues of Rs. 277.6 crore, down 17% YoY and up 6% QoQ for the quarter ended December 31, 2020. Consolidated total income amounted to Rs 311.4 crore, which was down 13% YoY and up 8% QoQ. InfoEdge is an investor in food delivery company Zomato as well as in insurance platform PolicyBazaar. Billings for the quarter stood at Rs 297 crore, recovering 19% over the previous quarter and remaining flat over the previous year. Recruitm...

Info Edge (India) reported 22.7% decline in standalone net profit to Rs 69.87 crore on 15% fall in net sales to Rs 272.30 crore in Q3 FY21 over Q3 FY20. Billing in the third quarter was at Rs 297 crore, down by 1% as compared to the corresponding quarter in FY 2019- 20. The deferred sales revenue (amount collected in advance) as at 31 December 2020 was Rs 393.5 crore, down by 13.9% over the quarter ended 31 December 2019. Operating EBITDA declined by 35.6% to Rs 68.2 crore in Q3 December 2020 f...

Read more about Info Edge (India) reports consolidated net profit of Rs 679.17 crore in the December 2020 quarter on Business Standard. Sales decline 17.14% to Rs 277.64 crore

Read more about Shares trade with minor gains; IT stocks extend gains on Business Standard. The benchmark indices were trading with minor gains in morning trade, amid significant volatility. IT shares rose for third day. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 67.28 points or 0.13% to 51,598.80. The Nifty 50 index

Zomato Increases Paid-Up Capital For Pre-IPO Fundraise Share story Zomato may raise an addition $500 Mn soon, giving partial exits to its Chinese investors The company is looking at a valuation of $8 Bn in the public market, a spike from its current $3.9 Bn If all goes as per plan, InfoEdge may turn out to be the biggest stakeholder in the company Gurugram-based food aggregator Zomato’s plans to list publicly have gained momentum as the company has increased its paid-up capital by 3X in prepa...

US stocks fall after hitting record highs Wall Streets main indexes turned negative in volatile trading on Wednesday after the S&P 500 and the Dow hit record highs at the open on hopes of faster economic growth. The Dow Jones Industrial Average fell 73.22 points, or 0.23%, to 31,302.73, the S&P 500 lost 9.58 points, or 0.24%, to 3,901.72 and the Nasdaq Composite lost 73.65 points, or 0.53%, to 13,934.05. European shares gain on stimulus hopes European shares rose on Wednesday as upbeat earning...