NAUKRI

** Shares of Info Edge (India) INED.NS rise 4.4% to 6655 rupees

** stock's biggest one-day gain in over four months, amid a broader market .NSEI rebound

** Job portal Naukri's owner reports Q4 standalone billings jumps 19%, helped by demand in recruitment business

** Avg of analysts' rating on stock is "buy"; median PT is 8697.5 rupees - data compiled by LSEG

** Stock down 23.5% YTD

(Reporting by Aleef Jahan in Bengaluru)

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March 17 (Reuters) - Info Edge (India) Ltd INED.NS:

• JEEVANSATHI TO INVEST 300 MILLION RUPEES IN AISLE NETWORK

Source text: ID:nBSE5v461x

Further company coverage: INED.NS

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March 5 (Reuters) - Info Edge (India) Ltd INED.NS:

• MERITTO BOARD APPROVES IPO PROPOSAL

• CO HOLDS 48% EQUITY IN MERITTO

• BOARD UNDECIDED ON PARTICIPATION IN MERITTO IPO

Source text: ID:nBSE43Z9DC

Further company coverage: INED.NS

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** Info Edge INED.NS, parent co of job portal Naukri.com, down 2.65% to 6,777 rupees

** Stock price lowest in nearly 8 months

** Macquarie maintains street-low PT

** Sees billings growing in only low teens percent

** Says, growth not conducive to current valuation, with shares trading at 40x the FY27 price-to-equity ratio

** With Naukri's cash flows subsidizing loss making divisions, return on equity is a mere 5% at group level -Macquarie

** Brokerage raises PT by 25%, but at 5,200 rupees it implies a 23.2% downside to current price

** Stock rated 'buy' on avg by 18 analysts; median PT at 8,750 rupees - data compiled by LSEG

(Reporting by Ananta Agarwal in Bengaluru)

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Feb 5 (Reuters) - Info Edge (India) Ltd INED.NS:

• APPROVES 1:5 STOCK SPLIT

Source text: ID:nBSE5L1Y6f

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Jan 30 (Reuters) - India's PB Fintech PBFI.NS reported a sharp jump in third-quarter profit on Thursday, aided by rising sales of insurance policies.

The company's consolidated net profit rose 88% from a year earlier to 715.4 million rupees ($8.26 million) for the three months ended Dec. 31.

Analysts said PB Fintech continues to benefit from increasing demand in India's largely untapped insurance policy aggregator sector, aided by improving financial awareness and income levels.

The company operates online insurance aggregator Policybazaar and credit marketplace Paisabazaar.

PB Fintech's revenue from operations rose 48% to 12.92 billion rupees, led by a 62% jump in insurance broker services, its largest segment.

The company's insurance premium grew 44%, mainly from a 47% growth in new health and life insurance premium.

Meanwhile, its credit business, which took a hit following the Indian central bank's crackdown on unsecured lending, continued to face slowdown.

PB Fintech said its disbursal in the online credit business was down 20% year-on-year, with revenue from the segment dropping 18%.

However, its total lending disbursal rose 52%, led mainly by the new secured credit business which was started in the previous quarter.

($1 = 86.6000 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Varun H K)

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Jan 17 (Reuters) - Info Edge (India) Ltd INED.NS:

• TO INVEST ABOUT 900 MILLION RUPEES IN STARTUP INVESTMENTS (HOLDING)

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** Shares of Info Edge INED.NS fall 4%, set for biggest one-day drop since Feb 2024

** The parent of job portal Naukri.com posts Q3 standalone billings of 6.68 bln rupees ($78 mln), up 16% yoy but missing analysts' estimate of 6.83 bln rupees, per LSEG

** Stock rated 'buy' on avg by 18 analysts -LSEG

** Shares have gained 64.2% in last 12 months

($1 = 85.6660 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 6 (Reuters) - Info Edge (India) Ltd INED.NS:

• STANDALONE BILLINGS FOR Q3 FY24 AT 6.68 BILLION RUPEES

Further company coverage: INED.NS

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** Shares of online services provider Info Edge (India) INED.NS rise as much as 2.7% to hit a record high of 8,481.40 rupees

** The recruitment segment of the co continues to witness gradual recovery, driven by improved hiring sentiments in the IT sector, brokerage Centrum says after meeting with management

** Maintains "add" rating while raising TP to 8,808 rupees from 8,630 rupees

** Operating losses in 99acres and Jeevansathi have been easing and both these businesses are expected to breakeven over the next 1.5 years - Centrum

** Brokerage expects revenue/EBITDA/PAT to grow at 16.7%/18.4%/17.9% over FY24-FY27

** Avg rating of 19 analysts equivalent of "buy", median PT is 8,311 rupees - LSEG data

** Stock has gained 64.3%, YTD, and on track for best yearly rise since 2020

(Reporting by Ashish Chandra in Bengaluru)

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** Online services provider Info Edge India INED.BO climbs 5.42%; set to gain for third straight week

** Goldman Sachs upgrades to "buy" from "sell"; raises PT from 5,700 rupees to 8,600 rupees, 8.5% upside to stock's current price of 7,922.75 rupees

** Sees co's recruitment rev growing at 16% CAGR in FY25-28 on better-than-expected outlook on growth/hiring by large-cap IT companies in its coverage vs 8% in FY23-25

** Forecasts 17% CAGR for overall rev in FY25-28 and 24% CAGR for EPS in the same period

** Stock up 46.2% this year, as of last close

(Reporting by Ananta Agarwal in Bengaluru)

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Nov 19 (Reuters) - Info Edge (India) Ltd INED.NS:

• INFO EDGE (INDIA) - TO INVEST 30 MILLION RUPEES IN UNIT NEWINC INTERNET SERVICES

Source text: [ID:]

Further company coverage: INED.NS

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Nov 8 (Reuters) - Info Edge (India) Ltd INED.NS:

• SEPT-QUARTER CONSOL NET PROFIT 232.6 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.01 BILLION RUPEES

• DIVIDEND 12 RUPEES/SHR

Source text: ID:nBSE9SYFG7

Further company coverage: INED.NS

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BENGALURU, Nov 5 (Reuters) - India's PB Fintech PBFI.NS, which owns and operates online insurance aggregator Policybazaar, reported a profit for a fourth straight quarter on Tuesday, aided by higher demand for insurance policies.

The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 506.7 million rupees ($6 million) for the quarter ended Sept. 30, compared with a loss of 202.5 million rupees a year ago.

Analysts said PB Fintech, which has seen a sharp rise in its topline in recent quarters, continues to benefit from increasing demand in India's largely underpenetrated insurance policy sector, aided by improving financial literacy and income levels.

PB Fintech's revenue from operations rose 44% to 11.67 billion rupees, led by a jump in insurance broking, its largest segment, which grew 58%.

The company's insurance premium for the quarter grew 57%, aided mainly by a 69% growth in new health and life insurance.

Meanwhile, its credit business, which had taken a hit due to the Indian central bank's crackdown on unsecured lending, faced some slowdown, with disbursement remaining flat during the quarter compared to last year, and revenue declining 8%.

Shares of the company ended 4.2% lower ahead of the results.

($1 = 84.0850 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Vijay Kishore)

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Oct 22 (Reuters) - Info Edge (India) Ltd INED.NS:

• TO INVEST 300 MILLION RUPEES IN UNIT REDSTART LABS

Source text for Eikon: ID:nBSE9h1Cqd

Further company coverage: INED.NS

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** Shares of Info Edge (India) INED.NS rise 3% to 8214 rupees

** Internet-based service provider operates job website Naukri.com, and property portal 99acres.com among others

** Co said its mainstay recruitment billings grew 14% YoY to 4.92 bln rupees ($58.6 million) in Q2; real estate billings rose 16.5% YoY to 1.07 bln rupees

** Naukri billings grew 7.2% and 9.2% in Q4FY24 and Q1FY25 respectively

** Q2 Naukri billings growth "strong" says Nomura, adds bottoming out of IT hiring likely driving recovery

** Brokerage retains "buy" rating, TP at 8,280 rupees; co rated "buy" on avg, with median PT 7,650 rupees - LSEG

** YTD stock has jumped ~60%

($1 = 83.9260 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Info Edge (India) INED.NS are up 4.5% at 7,219 rupees

** Naukri.com owner reported 47% y/y rise in Q1 profit, rev rose 8%

** Co posts fourth straight qtr of profit rise

** Stock is rated "buy" on avg, similar to other internet stocks Zomato ZOMT.NS and Just Dial JUST.NS - LSEG data

** INED up 40% YTD vs ZOMT's 117% and JUST's 60% rise

(Reporitng by Nishit Navin)

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BENGALURU, Aug 6 (Reuters) - India's PB Fintech PBFI.NS, the parent of online insurance aggregator Policybazaar, reported a profit for a third-straight quarter on Tuesday, aided by rising sales of insurance policies.

The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 601.8 million rupees ($7.2 million) for the quarter ended June 30, compared to a loss of 114.1 million rupees a year ago.

Analysts said PB Fintech continues to benefit from increasing sales of insurance policies in the Indian market, with rising financial awareness.

PB Fintech's revenue from operations rose nearly 52% to 10.10 billion rupees, led by a 67% growth in its largest segment - insurance broking.

Online insurance new premium increased 62% year-on-year, led by growing demand for health and life insurance policies, the company added.

Meanwhile, its credit business growth, which had taken a hit in the previous quarter following the Indian central bank's crackdown on unsecured lending, remained sluggish.

PB Fintech disbursed credit worth 31.40 billion rupees during the quarter, down from 35.42 billion rupees a year earlier.

The company's shares ended 2.6% lower ahead of the results.

($1 = 83.9040 Indian rupees)

(Reporting by Nishit Navin; Editing by Eileen Soreng)

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Aug 5 (Reuters) - Info Edge (India) Ltd INED.NS:

• INFO EDGE (INDIA) LTD - APAX DIGITAL FUNDS WILL ACQUIRE 52.1% STAKE IN UNIT GREYTHR

Further company coverage: INED.NS

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June 19 (Reuters) - Info Edge (India) Ltd INED.NS:

• ALLCHECKDEALS INDIA AGREED TO INVEST 10 MILLION RUPEES IN ITS UNIT NEWINC INTERNET SERVICES

Further company coverage: INED.NS

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** Shares of Info Edge (India) INED.NS up 5.7% to 6,202.85 rupees

** Naukri.com owner reported Q4 profit of 603.9 mln rupees ($7.2 mln) vs loss of 2.73 bln rupees a year earlier

** INED and peer Just Dial JUST.NS rated "buy" on avg - LSEG data

** INED's trade volume at more than 640,000, compared to 30-day avg of 290,000

** YTD, INED up ~22% and JUST up ~23%

($1 = 83.4900 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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BENGALURU, May 7 (Reuters) - India's PB Fintech PBFI.NS, the parent of online insurance aggregator Policybazaar, reported a profit for a second straight quarter on Tuesday, as sales rose in a seasonally-strong quarter amid easing marketing spends.

The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 605.9 million rupees ($7.3 million) for the quarter ended March 31, against a net loss of 89.5 million rupees a year ago.

The January-to-March quarter sees high insurance sales as taxpayers buy policies to avail tax rebates at the financial-year end.

PB Fintech's revenue from operations rose more than 25% to 10.9 billion rupees, as revenue from its largest segment, insurance broking, more than doubled.

The company, which reported its first-ever profit in the December-quarter, has been cutting marketing and promotional expenditure in a bid to focus on profitability.

In the March quarter, its advertising and promotion expenses fell nearly 48% from a year earlier to 2.38 billion rupees.

Meanwhile, its credit business growth slowed following the Indian central bank's crackdown on unsecured lending.

The annualised credit disbursal run-rate, a gauge projecting loan disbursement for the year, was at 140 billion rupees as at March-end, down from 150 billion rupees a year earlier.

PB Fintech's shares ended 3.1% lower ahead of the results.

($1 = 83.4884 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)

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April 22 (Reuters) - Info Edge (India) Ltd INED.NS:

• GOT TAX ORDER FOR DEMAND OF 2.4 MILLION RUPEES

Further company coverage: INED.NS

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** Shares of Info Edge (India) INED.NS rise as much as ~10% to hit the highest since November 2021, last up 8.8%

** The internet-based service provider's billings for the March-qtr grew 10.5% y/y to 8.27 bln rupees (about $99 mln), up 5.5% to 24.96 bln rupees for FY24

** Stock on track to log steepest intraday gain since January 2022

** Sees busiest trading day since May 2023, volume over 4.2x 30-day avg

** Analysts' avg rating on co is "Buy", their median PT is 5,630 rupees - LSEG

** The median PT is at ~1% discount on last closing price

** Including session's gains, stock up 20% YTD

($1 = 83.3125 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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March 27 (Reuters) - Info Edge (India) Ltd INED.NS:

• TO INVEST 300 MILLION RUPEES IN REDSTART LABS (INDIA)

Source text for Eikon: ID:nNSE1wt9zg

Further company coverage: INED.NS

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Recasts with Google statement

By Aditya Kalra and Munsif Vengattil

NEW DELHI, March 5 (Reuters) - Alphabet's Google GOOGL.O will restore the Indian apps it deleted after a billing dispute, the company said on Tuesday, a reversal in stance following pushback from the government and local internet startups.

The U.S. firm on Friday removed more than 100 Indian apps, including popular ones by Matrimony.com MATI.NS, for not complying with its policy of paying a service fee when in-app payment options other than Google's are used.

"In the spirit of cooperation, we are temporarily reinstating the apps of the developers with appeals pending in the Supreme Court," Google said in a statement.

The decision was taken after a closed-door meeting between Google India head Sanjay Gupta and IT minister Ashwini Vaishnaw, a source familiar with the discussions said.

The app removals sparked criticism from Indian companies, many of which have been at loggerheads with Google for years.

The dispute centres on efforts by some Indian startups to stop Google from imposing a fee of 11%-26% on in-app payments, after the country's antitrust authorities ordered it not to enforce an earlier fee of 15%-30%. The startups have challenged Google's policy in courts, including the Supreme Court, and before the antitrust watchdog.

"We believe that in the coming months, both the start-up community as well as Google would be able to come to a long-term resolution," Vaishnaw told Reuters partner ANI after meeting Google.

Vaishnaw on Saturday criticized Google's decision to remove apps, saying it "cannot be permitted".

(Reporting by Aditya Kalra in New Delhi and Munsif Vengattil in Bengaluru; editing by Louise Heavens and Christina Fincher)

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March 4 (Reuters) - Info Edge (India) Ltd INED.NS:

• CO'S REST OF MOBILE APPLICATIONS NAMELY - NAUKRI RECRUITER AND SHIKSHA HAVE ALSO BEEN REINSTATED ON GOOGLE PLAY STORE

• CO WILL CONTINUE TO WORK WITH GOOGLE TO PREVENT SUCH DELISTING/REMOVAL OF CO'S MOBILE APPLICATIONS

Source text for Eikon: ID:nBSE1KFz0q

Further company coverage: INED.NS

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By Aditya Kalra

NEW DELHI, March 2 (Reuters) - Google's decision to remove some apps in India from its app store "cannot be permitted", Information Technology Minister Ashwini Vaishnaw said on Saturday, amid an ongoing dispute over service fee payments to the U.S. firm.

Google on Friday removed from its Play Store many Indian apps, including Matrimony.com's MATI.NS popular Bharat Matrimony and job search app Naukri, saying the companies were not abiding by its in-app payment guidelines.

Vaishnaw said he has held talks with Google and will meet the startups, which needed protection in India.

"This cannot be permitted. This kind of de-listing cannot be permitted," he said in a statement.

Google declined to comment.

The removal has sparked criticism from many startups who have for years protested and legally challenged many of the U.S. giant's practices, including its in-app fee. Google says the fees help develop and promote the Android and Play Store ecosystem.

The dispute centers on efforts by some Indian startups to stop Google from imposing a fee of 11%-26% on in-app payments, after the country's antitrust authorities ordered it to not mandatorily enforce an earlier system of charging 15%-30%.

But Google effectively received the go-ahead to charge the fee or remove apps after two court decisions in January and February, one by the Supreme Court.

Google said on Friday that some Indian companies had chosen not to pay for the "immense value they receive on Google Play".

Among the worst hit by the removals is Matrimony.com which has seen more than 150 of its apps dropped from the Play Store.

"All our apps have been removed and we are out of Play Store and (that) means out of business," founder Murugavel Janakiraman told Reuters on Saturday. "If this continuous for a long term then we will have significant drop in revenue."

Info Edge, another affected company, had seen its job search app Naukri and another real estate search app, removed. Many of the company's app had been restored, its founder said on Saturday on X, without elaborating.

Google briefly removed popular Indian payments app Paytm from its Play Store in 2020 citing some policy violations. The move led to the company's founder and the wider startup industry joining together to challenge Google by launching their own app stores and filing legal cases.

(Additional reporting by Dhwani Pandya; Editing by Mike Harrison)

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Adds enforcement action against Info Edge

By Aditya Kalra and Munsif Vengattil

NEW DELHI, March 1 (Reuters) - Google began removing the apps of 10 companies in India on Friday, including some popular matrimony apps such as Bharat Matrimony and job search app Naukri, in a dispute over service fee payments in one of the company's fastest-growing markets.

Indian startups have for years been protesting against many of the U.S. giant's practices, including its in-app fee charges. Google says its fees help develop and promote the Android and Play Store app ecosystem.

On Friday, India's Matrimony.com MATI.NS matchmaking apps Bharat Matrimony, Christian Matrimony, Muslim Matrimony and Jodii were removed from Google's Play Store, its founder Murugavel Janakiraman told Reuters.

He said it was a dark day for India's internet.

"Our apps are getting deleted one by one. It literally means all the top matrimony services will be deleted," he said.

Matrimonial apps and websites have been growing in popularity in India as younger people shun traditional matchmaking by parents.

Matrimony.com's Bharat Matrimony app had been downloaded more than 50 million times, Janakiraman said. The company said it has more than 40 million customers.

Google, a unit of Alphabet Inc GOOGL.O, sent notices on Friday of Play Store violations to Matrimony.com and Info Edge INED.NS.

Info Edge's job search app Naukri and real estate search firm 99acres were also removed, according to Google Play Store listings.

Matrimony.com shares fell as much as 2.7% initially but closed up 2.2% on Friday, while Info Edge dropped 1.5% before paring losses.

The dispute centres on efforts by some Indian startups to stop Google from imposing a fee of 11% to 26% on in-app payments, after the country's antitrust authorities ordered it to dismantle an earlier system of charging 15% to 30%.

But Google effectively received the go-ahead to charge the fee or remove apps after two court decisions in January and February, one by the Supreme Court.

Earlier on Friday, Info Edge founder Sanjeev Bikhchandani told Reuters it had cleared all pending Google invoices in a timely manner and was compliant with its policies.

In a blog post, Google said 10 Indian companies had chosen for an extended period of time not to pay for the "immense value they receive on Google Play". It did not identify the firms.

"For years, no court or regulator has denied Google Play's right to charge," the company said.

Google said allowing some developers "to get differential treatment from the vast majority of developers who are paying their fair share creates an uneven playing field."

Google dominates the Indian market as 94% of phones are based on its Android platform.

Only 3% of the more than 200,000 Indian developers who use the Google Play platform are required to pay any service fee, Google said.

In 2020, Google briefly removed popular Indian payments app Paytm from its Play Store citing some policy violations. The move led to the company's founder and the wider startup industry joining together to challenge Google by launching their own app stores and filing legal cases.

(Reporting by Aditya Kalra in New Delhi and Munsif Vengattil in Bengaluru; Editing by Tom Hogue, Clarence Fernandez, Kim Coghill, Elaine Hardcastle)

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Feb 13 (Reuters) - Info Edge (India) Ltd INED.NS:

• INFO EDGE (INDIA) DEC-QUARTER CONSOL NET PROFIT 1.51 BILLION RUPEES

• INFO EDGE (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.27 BILLION RUPEES

• INFO EDGE (INDIA) YEAR AGO DEC-QUARTER CONSOL NET LOSS 1.17 BILLION RUPEES, REVENUE FROM OPERATIONS 5.90 BILLION RUPEES

Source text for Eikon: ID:nBSE9WkjfX

Further company coverage: INED.NS

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