Hottest India Internet Stock Surging Despite Valuation Fears

(Bloomberg) — As optimism about a coronavirus vaccine drives a shift away from technology shares, one such stock in India keeps rallying as market watchers bet its investments in startups will start to pay off.

Info Edge India Ltd. climbed to a record on Tuesday and is the top gainer this month on the National Stock Exchange’s 10-member IT index. The company runs Naukri.com, the nation’s leading job-hunting platform, and has investments in at least 23 startups, according to its website. It owns about a fifth of Zomato, the largest Indian web-based food delivery platform that counts Jack Ma’s Ant Group among investors.



a close up of a person holding a bag: Uber Sells India Food Business To Rival Zomato To Cut Losses


© Bloomberg
Uber Sells India Food Business To Rival Zomato To Cut Losses

Info Edge India owns about a fifth of Zomato.

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Photographer: Dhiraj Singh/Bloomberg

Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts’ forecasts. The stock’s 187% surge

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Hottest Internet Stock in India Surging Despite Valuation Fears

(Bloomberg) — As optimism about a coronavirus vaccine drives a shift away from technology shares, one such stock in India keeps rallying as market watchers bet its investments in startups will start to pay off.

Info Edge India Ltd. climbed to a record on Tuesday and is the top gainer this month on the National Stock Exchange’s 10-member IT index. The company runs Naukri.com, the nation’s leading job-hunting platform, and has investments in at least 23 startups, according to its website. It owns about a fifth of Zomato, the largest Indian web-based food delivery platform that counts Jack Ma’s Ant Group among investors.



a close up of a person holding a bag: Uber Sells India Food Business To Rival Zomato To Cut Losses


© Bloomberg
Uber Sells India Food Business To Rival Zomato To Cut Losses

Info Edge India owns about a fifth of Zomato.

Loading...

Load Error

Photographer: Dhiraj Singh/Bloomberg

Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts’ forecasts. The stock’s 186% surge

Read More

A double edged sword: hopes and fears for children as fast internet reaches Pacific | World news

From the narrow bay of Sydney’s Tamarama Beach, a cable twice as thick as garden hose, carrying optic fibre thinner than human hair, stretches along the ocean floor linking Australia to Papua New Guinea and Solomon Islands.

The Coral Sea cable will provide, for the first time, fast internet to Australia’s near Pacific island neighbours. A similar link, called Manatua One Polynesia – connecting Samoa, Niue, the Cook Islands and French Polynesia – was declared “ready for service” in July.

But a new report from Western Sydney University, Plan International, and Child Fund Australia says the Pacific’s emerging connectivity boom brings with it both opportunity and risk, with particular concern for the safety of women and girls online.

Researchers found while both children and adults welcomed opportunities for education, social connectivity, and entertainment, many held concerns: 77% of children surveyed said they feared accessing inappropriate content like horror movies

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Singapore’s World-first Face Scan Plan Sparks Privacy Fears

Singapore will become the world’s first country to use facial verification in its national ID scheme, but privacy advocates are alarmed by what they say is an intrusive system vulnerable to abuse.

From next year, millions of people living in the city-state will be able to access government agencies, banking services and other amenities with a quick face scan.

This biometric check will do away with the need to remember a password or security dongle when performing many everyday tasks, its creators say.

It is part of the financial hub’s drive to harness technology, from ramping up the use of electronic payments to research on driverless transport.

Singapore will become the world's first country to use facial verification in its national ID scheme Singapore will become the world’s first country to use facial verification in its national ID scheme Photo: AFP / MARTIN ABBUGAO

“We want to be innovative in applying technology for the benefit of our citizens and businesses,” Kwok Quek Sin, who works on

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Fears of internet blocks ahead of tense Guinea poll

Internet freedom monitors have their eyes trained on Guinea ahead of its tension-filled election on Sunday, fearing that the government will restrict access to social media to weaken the opposition. 

The concerns come after months of political unrest in the West African state, where President Alpha Conde, 82, is bidding for a controversial third term.

Defying critics, he pushed through a revamped constitution in a referendum on March 22, which he argued would modernise the country, but which also allowed him to sidestep a two-term limit for presidents. 

Worryingly for rights activists, internet disruptions accompanied the referendum — a speech-crimping scenario they say will likely play out again.

“It’s very rapidly become an element in how elections are decided in Guinea,” said Alp Toker, the founder of internet-monitoring group NetBlocks.  

“March was an inflection point,” he added, noting that he thought fresh election-related restrictions were likely.  

Alpha Diallo, president of

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