Info Edge (India) announced that its wholly owned subsidiary, Startup Investments (Holding) has agreed to invest about Rs 4 crore in LQ Global Services (Legitquest). LegitQuest is SaaS product at the intersection of Technology & Legal utilizing Machine Learning, Modern Search algorithm & Data Analytic for the legal professionals. It is a Legal-Tech venture run by versatile team of tech-savvy attorneys, engineers and designers who aim to make the practice of law simpler for its end users. Powered by Capital Market - Live

The Board of Info Edge (India) at its meeting held on 08 November 2024 has approved the investment of Rs 20 crore in Jeevansathi Internet Services, wholly owned subsidiary of the Company.Powered by Capital Market - Live

Info Edge (India) announced that the Board of Directors of the Company at its meeting held on 8 November 2024, inter alia, have recommended the interim dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Info Edge (India) announced that the Board of Directors of the Company at its meeting held on 08 November 2024, has recommended a Interim dividend of Rs.12 per share (i.e.120%), subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Info Edge (India) declined 88.66% to Rs 23.26 crore in the quarter ended September 2024 as against Rs 205.13 crore during the previous quarter ended September 2023. Sales rose 11.98% to Rs 700.82 crore in the quarter ended September 2024 as against Rs 625.85 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales700.82625.85 12 OPM %21.9820.83 - PBDT362.18288.30 26 PBT335.30262.35 28 NP23.26205.13 -89 Powered by Capital Market - Live

Info Edge (India) has fixed 20 November 2024 as record date for interim dividend of Rs 12 per share. The dividend will be paid on or after 04 December 2024. Powered by Capital Market - Live

Info Edge (India) has approved investment of Rs 30 crore in Redstart Labs (India), wholly-owned subsidiary of the company. The Company has agreed to acquire 3,000,000 Compulsorily Convertible Debentures (CCDs) having face value of Rs. 100/- each. Post this investment, Redstart remains the wholly-owned subsidiary of the company. Redstart is engaged in the business of direct or indirect investments in tech companies and providing all types of Internet services, development of software, consultancy, technical support for consumer companies, internet or SAAS providers, and any other services in the area of information technology and product development. Powered by Capital Market - Live

Info Edge (India) will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live

The key equity indices traded sideways in mid-morning trade. The Nifty traded below the 25,000 level. PSU bank shares declined after advancing in the past trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex added 40.97 points or 0.05% to 81,729.42. The Nifty 50 index lost 24.70 points or 0.10% to 24,989.90. The broader market underperformed the frontline indices, the S&P BSE Mid-Cap index fell 1.05% and the S&P BSE Small-Cap index slipped 2.32%. The market breadth was weak. On the BSE, 630 shares rose and 3,261 shares fell. A total of 126 shares were unchanged. Economy : According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Buzzing Index : The Nifty PSU Bank index slipped 2.22% to 6,565.80. The index gained 0.54% in the past trading session. Union Bank of India (down 4.87%), Punjab & Sind Bank (down 4.8%), Central Bank of India (down 4.73%), Indian Overseas Bank (down 4.67%), UCO Bank (down 4.52%), Bank of India (down 4.17%), Punjab National Bank (down 3.5%), Canara Bank (down 3.32%), Bank of Maharashtra (down 3.14%) and Bank of Baroda (down 3.05%) declined. Stocks in Spotlight : Info Edge (India) declined 2.01%. The company announced that its standalone billings increased by 14.29% to Rs 650.3 crore in Q2 FY25 compared with Rs 569 crore in Q2 FY24. Federal Bank slipped 2.97%. The company reported 15.6% growth in total deposits to Rs 2,69,105 crore as of September 2024 as compared with Rs 2,32,868 crore as of September 2023. Antony Waste Handling Cell rallied 3.83% after its wholly owned subsidiary, AG Enviro Infra Projects has secured a contract for door-to-door C&T of MSW in Navi Mumbai Municipal Corporation (NMMC). Global Markets: Asian stocks climbed on Monday after strong U.S. job growth data, which eased recession concerns and reduced expectations for interest rate cuts. Short-term U.S. Treasury yields rose after the non-farm payrolls report showed more jobs added than expected in September. Crude oil prices declined slightly despite ongoing tensions in the Middle East. U.S. stocks rallied on Friday after the positive job report boosted investor confidence in the economy. The S&P 500 rose 0.9%, while the Nasdaq Composite jumped 1.22%. The Dow Jones Industrial Average added 0.81%, to notch an all-time closing high of 42,352.75. Technology stocks like Tesla, Amazon, and Netflix led the gains, while financial stocks also performed well. Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%. Powered by Capital Market - Live

The standalone billings for the recruitment solutions segment stood at Rs 492 crore (up 14.05% YoY) while the real estate segment's (99acres) billings were at Rs 107.4 crore (up 16.49% YoY) and Rs 50.9 crore (up 12.11% YoY) came from other business segments. Info Edge (India) is among the leading internet companies in India. The company runs leading internet businesses viz. Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com. The company also owns Quadrangle and Naukri Gulf. It has made significant strategic investments such as zomato.com, policybazaar.com and happily unmarried.com etc. The company reported 16.2% increase in standalone net profit to Rs 232.29 crore on 9.35% rise in revenue from operations to Rs 638.90 crore in Q1 FY25 over Q1 FY24. Shares of Info Edge (INDIA) slipped 2.90% to currently trade at Rs 7,960 on the BSE. Powered by Capital Market - Live