MapmyIndia's Stock Soars Following Reversal of Business Split Plan
December 9, 2024 - 18:13
Shares of CE Info Systems Ltd., widely recognized as MapmyIndia, experienced a significant increase after the company announced it would not proceed with its previously proposed plan to separate its consumer business. This decision has been met with a positive response from investors, reflecting confidence in the company's integrated approach to its services.
The initial plan to split the consumer segment from its core business raised concerns among stakeholders about potential disruptions and the future direction of the company. However, by scrapping this idea, MapmyIndia aims to consolidate its resources and maintain a unified strategy that leverages its strengths in mapping and location-based services.
Market analysts suggest that this move could enhance operational efficiency and drive growth, as the company continues to innovate and expand its offerings. The surge in shares signals strong investor sentiment, indicating optimism for the company's future performance in the competitive mapping and navigation industry.
MORE NEWS
February 21, 2026 - 21:52
I quit Airbnb and delisted my home after hosting nightmare guestsWhat began as a successful side venture turned into a cautionary tale for homeowner Wendy Martin, leading her to permanently remove her Dayton, Ohio property from Airbnb. While initially profitable...
February 21, 2026 - 03:13
Salt Lake City revisits business nuisance ordinance following significant adjustmentsFollowing substantial public feedback, Salt Lake City officials have reintroduced a revised business nuisance ordinance aimed at addressing establishments that persistently generate police and fire...
February 20, 2026 - 21:37
3L Ediz Kalkan Builds Practice-Ready Skills through UC Law SF’s Business Law Concentration - UC Law San Francisco (Formerly UC Hastings)Third-year law student Ediz Kalkan is entering the legal market with a distinct advantage, having honed his skills through a dedicated Business Law Concentration. His journey combined rigorous...
February 20, 2026 - 01:04
Ryan Cohen blasts 'parasitic' bosses, Burry sees shades of BuffettIn a fiery critique of modern corporate governance, GameStop Chairman Ryan Cohen has launched a scathing attack on what he termed `parasitic` bosses who enrich themselves while failing to deliver...