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As covid-19 halts growth, near term outlook dims for Info Edge

India city Mumbai covid-19 pandemic economy bill
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MUMBAI: The covid-19 pandemic and the ensuing lockdown exacerbated the growth slowdown at Info Edge (India) Ltd. Revenue during the March quarter grew 10.3% year-on-year, the slowest in two years.

The stock was down 2.5% in early deals on Thursday. Note that the quarter had about two weeks of the lockdown but already had a telling impact on the company's collections. “For Q4 FY20, pre covid-19 growth was 13%, the lockdown had slowed down the (collections) growth to 0%, leading to a shortfall of collection of ₹40-44 crore (had the business grew at pre covid-19 growth rate for the whole quarter)," Info Edge said in a statement on its recruitment business Naukri (India).

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Coronavirus: ‘One window’ art gallery comes to Saskatoon neighbourhood amid pandemic
COVID-19 pandemic there isn’t much to do.One artist in Saskatoon found a way to make his neighbours’ walks a bit more colourful.In the Lakeridge neighbourhood, artist Paul Constable is bringing his art to his neighbours with his “one window gallery”. A number of his shows were cancelled because of the virus, and it felt like a waste not putting his art up somewhere.
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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
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Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
Cases: 9 215 683
Deaths: 141 607
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Russia
Russia
Cases: 8 494 589
Deaths: 237 619
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