Dailyhunt parent looks to reach Ebitda break-even by FY25-end
Business Standard|August 28, 2024
After a period of heavy losses, India's largest local language technology plat form VerSe Innovation is focused on "profitable growth" and is looking to reach earnings before interest, taxes, depreciation and amortisation (Ebitda) breakeven by the end of the current financial year (FY25), after which it will consider going public, a senior executive at the firm said.
ARYAMAN GUPTA

Verse operates short video platform Josh and news aggregator platform Dailyhunt.

The company has announced the acquisition of a majority stake in performance-based digital marketing firm Valueleaf Group to enhance its "retargeting capabilities and full stack advertising solutions". With this, the company is expecting a significant increase in its revenue to the tune of $100 million at a 10 per cent Ebitda margin in FY25.

هذه القصة مأخوذة من طبعة August 28, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 28, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Higher volume, profitability gains for GAIL India

GAIL India's second quarter (Q2FY25) performance met expectations.

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Business Standard

MULTI-ASSET ALLOCATION FUNDS: Ensure fund's equity exposure and strategy match your risk appetite

A recent analysis by Ventura Securities of 25 multi-asset allocation funds (MAAFs) reveals that many of these funds have outperformed a large number of equity schemes over 1-5-year timeframes.

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Markets fall over 1% after two-day rally

IN THE RED Sensex intraday

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Industry bodies urge FinMin to ease TDS rate structure
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Industry bodies urge FinMin to ease TDS rate structure

Proposal seeks to lessen compliance burden on taxpayers and avoid litigation

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After SC rap, Centre doubles penalty for stubble burning
Business Standard

After SC rap, Centre doubles penalty for stubble burning

Burning issue

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Business Standard

Proactively made all disclosures, recusals: Sebi WTM on Cong's charges

Ananth Narayan, whole-time member (WTM), the Securities and Exchange Board of India (Sebi), has responded to allegations of conflict of interest due to personal investments.

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Business Standard

Market regulator may water down skin-in-game rules for MF executives

The Securities and Exchange Board of India (Sebi) has shown intent to relax the skin-in-the-game norms applicable to senior executives of the mutual fund (MF) industry.

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1 min  |
November 08, 2024
Business Standard

MSCI adds 5 Indian stocks to key index

MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weighting on the index to 20 per cent, further narrowing the gap with China.

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1 min  |
November 08, 2024
Trump's triumph: Will bulls run amok and gold, silver sparkle?
Business Standard

Trump's triumph: Will bulls run amok and gold, silver sparkle?

Top brokerages highlight opportunities, risks, and contradictions the new administration may offer

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3 mins  |
November 08, 2024
REIMAGINING ROLE OF AGRICULTURE
Business Standard

REIMAGINING ROLE OF AGRICULTURE

In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics

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6 mins  |
November 08, 2024