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MapmyIndia
Brokerages estimate that the launch of 'JioBharat' phones could disrupt the 2G market, and delay the tariff hike discussions in the near-term
AI and GAI are beyond providing just efficiencies in data management, etc. It is about the transformation of business operations, said Sylvain Duranton, MD and senior partner
Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile
Geospatial software company buys 20% stake in start-up that has developed technologies for data collection
With today's decline, it has tanked 45 per cent from its 52-week high of Rs 1,918.35 touched on January 17, 2022
Digital map company CE Info Systems, which operates under MapMyIndia brand name, posted nearly 18% increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23.
Google's anti-competitive activities are harming Indian consumers and the economy by stifling "swadeshi" (indigenous) competitors, a top official of home-grown navigation firm MapMyIndia said. The Competition Commission of India (CCI) in October slapped a steep penalty of Rs 1,337.76 crore on internet giant Google for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the internet major to cease and desist from various unfair business practices. Google has approached the appellate tribunal NCLAT to challenge the CCI order on unfair business practices in the Android mobile device ecosystem, alleging that the decision presents a major setback for its Indian users and businesses, who trust Android's security features and potentially raises the cost of mobile devices. "It is common knowledge in industry, government, regulators and those who have studied the matter in detail that Google is an anti-competitive monopoly that perpetuates its
MapmyIndia has already made live a part of its repository - covering nearly 100,000 kilometres across hundreds of cities and highways for free for consumers
Digital maps company CE Infosystem, which operates under the MapmyIndia brand, said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh.
Shares of MapmyIndia haven't been able to keep its strong bull run and have fallen around 15 per cent since its bumper listing on the exchanges.
The company's consolidated net profit declined 14 per cent YoY to Rs 18.52 crore in Q3FY22.
The company had registered a consolidated PAT of Rs 21.59 crore in the same period a year ago
Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%
Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.
Analysts said the allotment made to anchor investors by these two companies was relatively low which helped prevent any intensive selling pressure
With the last two-day rally, the stock now trades at a whopping 72 per cent premium over its issue price of Rs 1,033 per share.
Capitalises on its early-mover advantage with a suite of offers
Rakesh, 71, and Rashmi, 65, started their company in the mid-1990s, when businesses had little interest in buying mapping data
Snapdeal files DRHP to raise Rs 1,250 crore through fresh issue; C E Info Systems sees bumper debut at 53% premium; CMS Info Systems IPO off to a slow start on day one
The BSE Midcap and Smallcap indices were up around 1.5 per cent each. Metal, IT, Consumer Durables indices logged smart gains