wordpress blog stats
Connect with us

Hi, what are you looking for?

Changes At The Top At Info Edge (Naukri); Net Profit Up 30%

Changes are being made in the top management at BSE listed classifieds company: from July 26, 2010, current Chief Operating Officer & Whole-time Director, Hitesh Oberoi has been promoted to Managing Director & Chief Executive Officer, replacing Sanjeev Bikhchandani, who has moved up to the role of Founder and Executive Vice Chairman. There doesn't appear to be a significant change operationally, however: Bikhchandani will focus primarily on strategic matters, investments and acquisitions while Oberoi will oversee the current businesses of the company. Ambarish Raghuvanshi, the current Chief Financial Officer & Whole-time Director, will transition to the role of Group President Finance and Chief Financial Officer. This could well be a move to cater to aspirational needs of senior executives within Info Edge, for retention within Info Edge - an appointment to the COO position has not yet been announced. Alternatively, room could have been created for a fresh approach. Net Profit Up 30% Revenues and net profit are sequentially up in June quarter for Info Edge (India), which owns and operates classifieds sites like Naukri.com, 99Acres.com, Shiksha.com and Jeevansathi.com. In the March quarter, the company saw a drop in profits, but net profits are now up 30% sequentially and year on year to Rs. 173 million as a result of a pick up in the hiring and real estate sectors. "The lead indicators - business confidence, GDP, Naukri Job Speak Index are all up, which augurs well for our businesses," said Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Limited. Sales has…

Please subscribe/login to read the full story.
Written By

http://www.linkedin.com/in/preethij

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ