Hot Pursuit     02-Mar-24
Info Edge drops after Google yanks apps from Play Store
Info Edge (India) dropped 2.43% to Rs 5153.70 after Google removed the company's mobile apps, including Naukri, 99acres, and Shiksha, from the Play Store.
Info Edge's mobile apps, including Naukri, 99acres, and Shiksha, were removed from the Google Play Store. The company claims they were surprised by the removal and didn't receive proper notice. They're working with Google to get the apps back on the store as soon as possible. Existing users can still use the apps they already downloaded. This removal only affects the Google Play Store, users on other app stores or web platforms are unaffected.

Google delisted the apps due to non-compliance with its updated user choice billing (UCB) policy. This policy requires apps to offer users a choice of payment methods, including Google's in-app billing system or alternative billing options.

Info Edge, a leading Indian internet company, operates India's top online classifieds platforms for recruitment (Naukri.com), matrimony (Jeevansathi.com), real estate (99acres.com), and education (Shiksha.com).

Info Edge (India) showed strong financial performance for Q3FY24 (quarter ending December 2023). Its revenue from operations grew by 7.2% year-over-year to Rs 595.4 crore. It also maintained healthy operating profit margins at 36.7% of revenue and achieved a 7% increase in operating profit to Rs 218.7 crore compared to Q3FY23.

Previous News
  Info Edge (India) to conduct board meeting
 ( Corporate News - 20-Jul-24   10:57 )
  Board of Info Edge (India) recommends Final Dividend
 ( Corporate News - 16-May-24   17:51 )
  Info Edge Q1 FY25 billings climb 11% YoY
 ( Hot Pursuit - 06-Jul-24   15:50 )
  Info Edge to sell entire stake in Happily Unmarried Marketing for Rs 61 cr
 ( Hot Pursuit - 12-Jun-23   09:35 )
  Info Edge (India) fixes record date for interim dividend
 ( Market Beat - Reports 02-Nov-22   18:54 )
  Info Edge drops after Google yanks apps from Play Store
 ( Hot Pursuit - 02-Mar-24   11:55 )
  Info Edge (India) to conduct board meeting
 ( Corporate News - 18-Oct-23   10:57 )
  Info Edge (India) schedules board meeting
 ( Corporate News - 28-Oct-22   20:02 )
  Info Edge invests Rs 15 cr in Smartweb Internet Services
 ( Hot Pursuit - 20-Jul-22   12:58 )
  Info Edge (India) announces investment of Rs 137 cr in 4B Networks
 ( Corporate News - 30-Mar-22   20:09 )
  Info Edge (India) to declare Quarterly Result
 ( Corporate News - 18-May-22   19:45 )
Other Stories
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top