India's Info Edge, Matrimony down on report of likely removal from Google Play Store

Info Edge (India)

01/03/2024 06:26

** Shares of Info Edge India  INED.NS , Matrimony.Com
 MATI.NS  decline as much as 1.5% and 2.7% to their respective
day's lows, before reversing course 
    ** Reuters reports Alphabet's  GOOGL.O  Google has warned it
may remove the apps of 10 cos in India, including those of INED
and MATI, for not paying a service fee for the use of its app
store platform    
    ** INED founder says co received notice from GOOGL, was
compliant with Play Store policies 
    ** INED turns positive after founder's comments 
    ** MATI did not immediately respond to a request for comment
    ** GOOGL did not name the companies in its blog post
    ** INED up 3% YTD vs Nifty next 50 index's  .NN50  11.2%
rise
    ** MATI down 6.4% YTD 
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))