Info Edge

The guidance says there are clear signs of a slowdown in IT hiring, with supply pressure easing and lower attrition

IT firm Info Edge on Friday posted a consolidated loss of Rs 116.5 crore in the third quarter ended December 31, 2022 mainly on account of write-off investment in property tech start-up 4B Networks, dip in valuation of some investments and slowing down of the job market. The company had posted a profit of Rs 4,601.87 crore in the same period a year ago. According to the company filing, Info Edge wrote off Rs 519.93 crore in property tech start-up 4B Networks, led by former Housing.com founder Rahul Yadav. "Investment in 4B Networks Pvt Ltd... amounting to Rs 5,199.31 million, (consisting of Rs 7,194.35 million Goodwill, Rs 807.73 million for net assets and reduced by non controlling interest payable of Rs 2802.77 million...) has been fully impaired," the filing said. The filing showed fair valuation of Info Edge investments in Zomato recorded a negative value of Rs 365.87 crore from Rs 95.96 crore in the December 2021 quarter. The September 2022 quarter, the fair valuation in Zomat

Ongoing investments in 99acres amid rising competition may hinder profitability

Analysts bullish about holding company of popular websites like Naukri and 99acres despite value erosion of Zomato, Policybazaar, its investee firms

Aisle had a turnover of Rs 7.56 crore in 2020-21, the filing said

Until recently, Sebi regulations mandated that pre-IPO investors in a company cannot offload shares after its listing for a period of one year

Info Edge's revenue from operations rose 26 per cent to Rs 364 crore in the September quarter

State-owned power giant NTPC has bagged 1.9 GW solar projects in CPSU Scheme-II tender

The IPO comprises a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale (OFS) of Rs 2,267.50 crore by existing shareholders

The platform ensures order visibility at each step, adherence to strict global quality checks and managing end-to-end supply chain for the buyer thus becoming a one-stop shop for them.

Tata Motors has formed a fresh shorting pivot and is likely to resume the corrective phase.

Newly listed start-up Zomato is seen entering the index before the end of 2022

The existing shareholders of the company are set to make gains in the range of 50 per cent to 6,450 per cent on their investments

IPO price band likely to be Rs 70-72 per share

Indian Oil or Coal India or both could get booted out of the blue chip company index, which is tracked by funds with assets under management of nearly $20 billion

Online makeup and beauty learning platform Airblack said it has raised $5.2 million in funding, co-led by Info Edge Ventures and Elevation Capital

According to the DRHP filed by Zomato as part of its initial public offering plan, Info Edge currently owns 1.244 billion shares at an average cost of Rs 1.16 each

Info Edge on Tuesday said it will sell stake worth Rs 750 crore in the initial public offering (IPO) of its investee company Zomato

IT startup DotPe on Friday said it has raised around Rs 200 crore in a funding round led by Naspers firm PayU along with participation from Google and Info Edge ventures

In the broader markets, the Nifty MidCap 100 and SmallCap 100 indices settled with gains of about 1 per cent on the NSE