Page 49 - Info Edge News Today

Indias outsourcing giants are slashing hiring and getting projects done with existing workers, a rare pullback that could weigh on the economy and affect engineering students who have seen information technology as the sector of choice for decades.

About 2,089 shares advanced, 1,531 declined, and 125 shares remained unchanged on June 12

Info Edge sold its entire stake in personal care firm Happily Unmarried for Rs 61 crore to VLCC Health Care Limited

Beauty and skincare brand VLCC has announced the acquisition of men’s grooming startup Ustraa for an undisclosed amount.

Rahul Yadav-Info Edge Controversy: In yet another case of another Indian founder taking his startup for a joyride, the founder of Broker Network, which is operated by 4B Networks, Rahul Yadav reportedly maintained a luxurious lifestyle such as owning a Mercedes-Maybach and hiring a boardroom at the Taj Land's End for Rs 80,000 per day even as the employees at the firm were left unpaid for months., Companies News, Times Now

Info Edge (India) reported a good fourth quarter for the 2022-23 financial year (Q4FY23) given depressed conditions in the Key IT segment. The billing growth of 13.7 per cent year-on-year (YoY) in recruitment was well ahead of market expectations. There was solid growth in realisations (up 5.5 per cent) as well as unique customers (up 7.7 per cent).

Ustraa’s existing investors — Info Edge, 360 One (formerly IIFL Ventures) and Wipro will become shareholders of VLCC. 

Ustraa's founders Rahul Anand and Rajat Tuli will continue to work with the company and will now head VLCC's direct to consumer play.

Indian job board Info Edge subsidiary AllCheckDeals is initiating a forensic audit of 4B Networks.

Mutual funds expect more outflows than inflows into equity schemes if the market rises further