Higher advertising costs limit Q3 margins at Info Edge India

Info Edge India, which runs websites like jeevansathi.com and naukri.com, reported a 22% year-on-year increase in revenue and but the top line remained flattish on a sequential basis. Margins suffered due to higher advertising costs. Total billing during the third quarter increased 19% on year to Rs 228.3 cr, the company said. Net sales rose […]

India’s Quess Corp buys monster.com Asia business, HCL’s service centers

Quess Corp, the ‘business services’ subsidiary of Thomas Cook India, announced two major acquisitions, purchasing the Asia business of Monster.com and the Indian service center business of HCL Infosystems. Quess Corp will pay up to Rs 30 cr for the service center business of HCL Infosystems. It did not disclose the consideration for the monster.com […]