Page 40 - Info Edge News Today

Post its spectacular success last year, Moneycontrol’s Indian Family Business Awards in association with Waterfield Advisors and Grant Thornton is returning for a second edition this weekend

“If for the whole of the country, there are going to be only two food delivery companies, then the opportunity is much bigger and today maybe a 100 million customers out of 1.4 billion are using a service like this. Five years out, 200 million, 250 million of the middle class households might use that and then the frequency of use might improve.”

A total of 2,265 shares changed hands on the counter till 12:38PM (IST).

A total of 22,881 shares changed hands on the counter till 02:10PM (IST)

Info Edge (India) Ltd. revenue from operations rose 15.1% to INR 5.84 billion (USD 71.2 million) in its fiscal first quarter ended 30 June.

According to Inc42’s latest report, around 15% of the country’s 110 unicorns took somewhere between three and five years to become unicorns

Info Edge (India) Ltd. revenue from operations rose 15.1% to INR 5.84 billion (USD 71.2 million) in its fiscal first quarter ended 30 June.

Nikhil Vikamsey of Alpha Capital believes FY24 - FY25 should deliver as expected as there wont be any large uncertain events to unfold.

Perhaps what could turn out to be one of the most crucial acts for Digital India was undertaken by the Indian Parliament through the passage of the Digital Personal Data Protection Bill, 2023 earlier this week. While the law will impact every entity in this country that deals in the personal data of Indian citizens, tech companies and consumer facing startups are perhaps going to be impacted the most.

Info Edge had pumped Rs 288 crore into 4B Networks, including Rs 276 crore as equity and Rs 12 crore in debt. The company announced in the Q3 FY23 financial results that it wrote off its investments in 4B Networks due to suspected financial irregularities.