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Russia's Rostelecom And Yandex To Cooperate On Developing And Promoting Cloud Services
Russia's Yandex CFO Greg Abovsky to leave company
Russia's Yandex acquires assets from taxi firm Vezet
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company's segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company's Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company's users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices. The Company's search engine offers access to a range of information available online. The Company's Yandex.Market gives retailers a platform to reach customers seeking specific retailer, product or price information. As of December 31, 2016, Yandex.Taxi was operating in 46 cities across Russia, Georgia, Armenia, Kazakhstan, Belarus and Ukraine. The Company's Classifieds business unit includes Auto.ru, Yandex.Realty, Yandex.Jobs and Yandex.Travel.
Schiphol Boulevard 165
John W. Boynton
Independent Non-Executive Chairman of the Board
Founder, Executive Director, Chief Executive Officer
Deputy Chief Executive Officer, Executive Director
Acting Chief Financial Officer
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Yandex.Drive, the car-sharing firm owned by Russian internet group Yandex, will launch a platform to customers that can be used to operate their own vehicle fleets, the company's head of e-commerce and ride-tech business said.
Russian state bank VTB is ready to consider increasing its stake in internet company Yandex should Yandex decide to raise funds on the market, Interfax quoted First Deputy Chief Executive Yuri Soloviev as saying on Friday.
Russian internet group Yandex on Thursday signed an agreement with state-owned VTB Bank and other partners to produce servers in an effort to tap into Russia's growing market for server hardware, the company said.
Yandex said on Thursday it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking licence for the Russian internet company so that it can develop financial services.
Russian internet giant Yandex is set to launch its online grocery delivery in Paris in the second quarter of this year, the company said on Friday, after strong demand in Russia during the COVID-19 pandemic.
Russia's Federal Antimonopoly Service (FAS) said on Wednesday a deal between Yandex.Taxi ride-hailing service, a subsidiary of Russian internet group Yandex, and a taxi firm Vezet could have negative effect on competition on the taxi market.
Russia's Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said.
A draft law proposing to limit foreign shareholdings in Russian companies that offer online video streaming services to 20% could worsen the investment climate, a spokesperson for internet giant Yandex told Reuters on Monday.
Driverless robot buggies started delivering hot restaurant meals to paying customers in one central Moscow district on Wednesday, their operator, Russian Internet giant Yandex, said.
Russia's VTB <VTBR.MM> bank, which has transformed itself into a major grain trader within a year, plans to remain in the grain business for the next three to five years, Andrey Kostin, the chief executive of the state-controlled lender, told Reuters.
Plans for Russia's biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash-and-share sale of online bank Tinkoff to internet giant Yandex ended.
Kazakh banking and fintech firm Kaspi.kz <KSPI.KZ> may revive plans to list in London within weeks, three sources told Reuters, after Yandex's planned purchase of Russian online bank Tinkoff establishes a comparative valuation.
The brand of online Russian bank Tinkoff will live on despite its proposed sale to technology giant Yandex <YNDX.O>, the bank's founder said on Wednesday, reiterating his pledge to stay with the business.
Russian bank TCS Group Holding is in talks to sell its online bank Tinkoff to Russian internet group Yandex for $5.48 billion (£4.30 billion), the two companies said on Tuesday.
Belarusian law enforcement on Thursday searched the Minsk offices of Russian internet giant Yandex, the company said, amid protests in the Belarus capital following a disputed presidential election at the weekend.
Russian internet giant Yandex said on Thursday that armed individuals had entered its offices in the Belarusian capital Minsk.
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.
Russian internet giant Yandex <YNDX.O> is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber <UBER.N> which returned to pre-pandemic growth levels in June.
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.
Russian internet giant Yandex is very interested in taking full control of its Yandex.Taxi business and is in active dialogue with Uber which has a stake in the ride-hailing service, its chief financial officer said on Wednesday.
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