On Monday morning, Info Edge's stock will be closely watched as the firm announced that its mobile applications, 99acres Buy/Sell/Rent Property, Naukrigulf Job Search App, and Naukri Jobseeker, have been restored to the Google Play Store.
According to a March 2 statement from Info Edge, new customers may now download and utilize the aforementioned company's mobile applications via the Google Play Store.
According to Info Edge, the firm is collaborating with Google to bring back the remaining mobile applications, which include Shiksha and Naukri Recruiter. Info Edge stated that the stock exchanges will be notified in a proper manner of any updates on this.
According to Kotak Institutional Equities, Info Edge is mainly unaffected because it only receives a little amount of money from in-app purchases on the 99acres and Naukri applications. Although it was not delisted, the Jeevansathi app saw a rise in in-app sales, suggesting that Info Edge complies with Google's regulations in general, according to Kotakn.
According to Kotak, Info Edge has further emphasized that there aren't any outstanding retroactive reimbursements to Google.
Previously, Info Edge has recommended that a number of other businesses' and corporations' mobile applications be withdrawn or delisted from the Google Play Store, including with its own Naukri.com Job Search App, Naukri Recruiter, Naukrigulf Job Search App, 99acres Buy/Sell/Rent Property, and Shiksha.
According to Kotak Institutional Equities, Info Edge is mainly unaffected because it only receives a little amount of money from in-app purchases on the 99acres and Naukri applications. Although it was not delisted, the Jeevansathi app saw a rise in in-app sales, suggesting that Info Edge complies with Google's regulations in general, according to Kotakn.
According to Kotak, Info Edge has further emphasized that there aren't any outstanding retroactive reimbursements to Google.
Previously, Info Edge has recommended that a number of other businesses' and corporations' mobile applications be withdrawn or delisted from the Google Play Store, including its own Naukri.com Job Search App, Naukri Recruiter, Naukrigulf Job Search App, 99acres Buy/Sell/Rent Property, and Shiksha.
Furthermore, Info Edge has indicated that this move will not affect any user who is utilizing the company's mobile apps through other platforms (such as the Apple App Store) or through the relevant online platforms (on both mobile and desktop).
