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Info Edge shares decline 3% on Q4 business update, billings up 7% to Rs 1,057 crore
Info Edge share price dipped 3% after reporting a 7.45% rise in Q4 billings to Rs 1,057.1 crore. While recruitment and matrimony segments showed growth, real estate saw a modest increase. The education vertical, Shiksha, faced a 13% decline due to AI's impact on search referrals. The company is adapting its strategies for future growth.
RSVM Hospitality buys 18.6-acre land parcel in Thane for Rs 498 crore
RSVM Hospitality has secured a significant land deal in Thane. The company acquired over 18.6 acres for more than Rs 498 crore from Neterwala Group entities. This large transaction occurred in Majiwada, Thane district. Such acquisitions are fueling future residential and mixed-use developments in the Mumbai Metropolitan Region. Thane's real estate market is experiencing strong growth.