Yandex News

MOSCOW and AMSTERDAM, July 09, 2020 (GLOBE NEWSWIRE) — Yandex (NASDAQ and MOEX: YNDX) today announced it will report its financial results for the quarter ended June 30, 2020, on Tuesday, July 28, 2020. On that day, management will hold a conference call and webcast at 8:00 a.m. U.S. Eastern Time (3:00 p.m. Moscow time, 1:00 p.m. London time) to review and discuss the Company’s results for the second quarter. Second Quarter 2020 Financial Results Conference Call Tuesday, July 28, 2020 … Source link

Russian corporate giants Yandex and Sberbank finalized the terms of their long-awaited ‘divorce’ late June, in a major shake-up for the country’s technology, e-commerce and online payments scenes. The breakup came with tech goliath Yandex and Russia’s largest bank, state-controlled Sberbank, announcing an agreement “to reorganize their two joint ventures” — Yandex Market and Yandex Money. Yandex will get full ownership of e-commerce platform Yandex Market, while… Source link

VTB Capital Investments, Russia’s largest capital management platform, has launched the first comprehensive savings management service for users of Yandex, Russia’s leading technology company, in the country. The new service will enable millions of Russians to invest online in traditional products, in bonds and shares available on the Moscow and St. Petersburg stock exchanges, exchange currencies at a rate close to the stock exchange rate and do many other… Source link

Russian technology firm Yandex NV found an opportunity at the height of the pandemic – repurposing its army of ride-hailing drivers to provide deliveries in a country where logistics options are scarce. The venture was a success and the company will make its pivot permanent. Yandex, which also operates the nation’s largest internet search engine, is targeting 1 million daily deliveries in the near future,… Source link

MOSCOW and AMSTERDAM, June 29, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) (“Yandex,” “we” or the “Company”), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced the closing of its previously announced public offering of 8,121,827 Class A shares. Prior to the closing, the underwriter exercised in full its option to purchase an additional 1,218,274 Class A shares, and accordingly the Company… Source link

(Bloomberg) — Russian technology firm Yandex NV found an opportunity at the height of the pandemic — repurposing its army of ride-hailing drivers to provide deliveries in a country where logistics options are scarce. The venture was a success and the company will make its pivot permanent. Yandex, which also operates the nation’s largest internet search engine, is targeting 1 million daily deliveries in the near future, Daniil Shuleyko, head of the Yandex.Taxi unit, said in an interview.

By Nadezhda Tsydenova and Olga Popova MOSCOW (Reuters) – Yandex <YNDX.O> has doubled the size of its new share offering to $400 million, the Russian internet giant said on Thursday, which combined with private placements will raise $1 billion to finance acquisitions and growth. Yandex, co-founded by its Chief Executive Arkady Volozh in the 1990s, grew from a search engine to provide everything from online taxi services to food delivery, cinemas and a market place. This week, Yandex moved to… Source link

STAVROPOL, June 25. /TASS/. North-Caucasus Federal University (NCFU) and Yandex will open a joint educational initiatives center in the beginning of a new school year; the venter will focus on developing e-learning in Stavropol Region, the university’s press service told reporters on Thursday. “North-Caucasus Federal University is launching a center for educational initiatives NCFU-Yandex. NCFU and Yandex specialists are joining forces to develop and implement educational… Source link

MOSCOW, June 24 (Reuters) – A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday. Putin on Tuesday proposed cutting tax on IT companies’ profit to 3% from 20%, alongside an income tax increase for wealthy Russians, sending Yandex shares up more than 3%. (Reporting by Alexander Marrow Editing by David Goodman ) Source link

PLP Architecture is designing an innovative new smart headquarters for Yandex, the Russian technology giant, in the Gagarinsky District of Moscow. The inclusive, 170,000sqm campus will enable staff to have a healthy and sustainable place for seamless work and recreation, a space for inspiration and fun that will integrate technology with materiality to inspire new ideas and refined ways of working. The campus will be a striking yet sensitive addition to the city’s… Source link