Page 55 - Info Edge News Today

Info Edge said it wrote off its entire investment in B2B marketplace bijnis as it believes the investment lost its inherent value.

Key indices of the domestic equities market continued with gains for the second consecutive day, tracking mixed global cues. A possibility of a deal for the US

The Board of Directors of Info Edge India Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.

Based on the OI percentage, 117 stocks were on the short-covering list. These included Tata Communications, Delta Corp, Power Finance Corporation, ICICI Lombard General Insurance Company, and Atul.

Thrive and Waayu, the two frontrunners attempting to break the Swiggy-Zomato duopoly, are providing full-stack order management systems to restaurants along with enabling food ordering. Industry stakeholders say it's a strategic move.

Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said.

The coming week is likely to see some volatility with the scheduled F&O series expiry on May 25 and traders balancing their positions going ahead for the next series.

The 10-year bond yields and the rupee level will be key to watch out for as the talks gather pace. Experts expect a range of 82.20 and 83.20 on the USDINR spot

According to Nuvama Institutional Equities, there are chances that stocks such as Jindal Steel and Power (JSPL), IDBI Bank, Punjab National Bank, Canara Bank, TVS Motor, Tube Investment, Zydus Lifesciences and newly-listed firm Mankind Pharma may enter into the largecap category. 

This comes at a time when the industry body has been accused of