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.

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Business Standard

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Business Standard

Status quo on rate; stance too may not change

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Business Standard

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An uptick in manufacturing activity a decade since the launch of the Make in India initiative notwithstanding, India's integration with global value chains faces some challenges.

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Business Standard

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Apple is replicating its China model of manufacturing in India, with tweaks. How is it working out?

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Business Standard

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The cash reserve ratio's use to ensure monetary stability is being debated as lenders' deposit growth slows down, reports RAGHU MOHAN

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How India made M&A easier for companies
Business Standard

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The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand.

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Business Standard

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Business Standard

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