Matrimony.Com

April 2 (Reuters) - Matrimony.Com Ltd MATI.NS:

• RECEIVES TAX DEMAND TOTALING TO 102.3 MILLION RUPEES

Source text: ID:nBSE4HzVLG

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Feb 12 (Reuters) - Matrimony.Com Ltd MATI.NS:

• DEC-QUARTER CONSOL NET PROFIT 83 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.13 BILLION RUPEES

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Jan 20 (Reuters) - Matrimony.Com Ltd MATI.NS:

• MATRIMONY.COM LTD - FINAL BUYBACK PRICE SET AT 655 RUPEES PER SHARE

Source text: ID:nBSE6pTyMH

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July 8 (Reuters) - Matrimony.Com Ltd MATI.NS:

• MATRIMONY.COM LTD - APPOINTS HARIGOVIND KRISHNASAMY AS CFO

• MATRIMONY.COM LTD - APPROVES ACQUISITION OF 6.25% STAKE IN BHARAT EK KHOJ

• MATRIMONY.COM LTD - ACQUISITION COST UP TO 44 MILLION RUPEES

Source text: ID:nBSEbXpMt3

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Jan 8 (Reuters) - Matrimony.Com Ltd MATI.NS:

• MATRIMONY.COM LTD - SUSHANTH S PAI RESIGNS AS CFO EFFECTIVE FEBRUARY 17, 2025

Source text: ID:nBSEbjDmsp

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Nov 18 (Reuters) - Matrimony.Com Ltd MATI.NS:

• CLARIFIES VIA WEDDINGLOAN.COM CO WILL ACT ONLY AS FACILITATOR TO CUSTOMERS FOR LOANS

• CLARIFIES WILL NOT BE INVOLVED IN LENDING ACTIVITY TO CUSTOMERS

Source text: ID:nBSEbr2kN

Further company coverage: MATI.NS

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** Shares of Matrimony.com MATI.NS up as much as 14% at 846.95 rupees, hitting their highest levels since June 2022

** Co says it will consider share buyback proposal on Sept. 5

** Over 1 mln shares traded in stock's busiest day since March 2019

** MATI up 41% YTD

(Reporting by Sethuraman NR in Bengaluru)

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Aug 9 (Reuters) - Matrimony.Com Ltd MATI.NS:

• JUNE-QUARTER CONSOL NET PROFIT 139.7 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.21 BILLION RUPEES

Source text for Eikon: ID:nBSESCFj1

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(Reporting by VijayDattaram Malkar)

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March 19 (Reuters) - Matrimony.Com Ltd MATI.NS:

• APPROVED RE-APPOINTMENT OF MURUGAVEL JANAKIRAMAN AS MANAGING DIRECTOR

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Updates with Google comment in paragraph 5

NEW DELHI/BENGALURU, March 15 (Reuters) - India's antitrust body on Friday ordered a probe into Alphabet Inc's Google GOOGL.O in an ongoing dispute with local startups over its in-app billing system, saying the U.S. company implemented its policies in a "discriminatory manner".

Indian startups have been at odds with Google for months over the fee it charges for in-app payments.

The dispute escalated earlier this month after Google removed more than 100 Indian apps from its app store for violations related to billing, though it restored them after the Indian government intervened.

The startups had asked the Competition Commission of India (CCI) to look into the matter and the watchdog on Friday ordered an investigation, saying: "Google is implementing its policies in a discriminatory manner".

The CCI also directed its investigation unit to complete the probe within 60 days.

"We are examining CCI's order initiating the investigation," a Google spokesperson said in an emailed response to Reuters, adding that the company will cooperate with the process "in every way".

The dispute centres on efforts by some Indian startups to stop Google from imposing a fee of 11% to 26% on in-app payments, after the country's antitrust authorities ordered it to dismantle a system of charging 15% to 30% in 2022.

Google denies wrongdoing and says it charges the fee for supporting investments in Google Play app store and the Android mobile operating system, ensuring it distributes it for free.

The CCI has already spent months looking into startups' complaint that Google is not following the earlier antitrust directive that prevents it from taking adverse measures against companies which use alternate billing systems.

(Reporting by Aditya Kalra and Tanvi Mehta in New Delhi and Hritam Mukherjee in Bengaluru; Editing by YP Rajesh and Emelia Sithole-Matarise)

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March 6 (Reuters) - Matrimony.Com Ltd MATI.NS:

• MATRIMONY.COM LTD - COMPANY’S APPS HAVE BEEN RESTORED IN THE PLAY STORE

Source text for Eikon: ID:nBSE3BDmX5

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Recasts with Google statement

By Aditya Kalra and Munsif Vengattil

NEW DELHI, March 5 (Reuters) - Alphabet's Google GOOGL.O will restore the Indian apps it deleted after a billing dispute, the company said on Tuesday, a reversal in stance following pushback from the government and local internet startups.

The U.S. firm on Friday removed more than 100 Indian apps, including popular ones by Matrimony.com MATI.NS, for not complying with its policy of paying a service fee when in-app payment options other than Google's are used.

"In the spirit of cooperation, we are temporarily reinstating the apps of the developers with appeals pending in the Supreme Court," Google said in a statement.

The decision was taken after a closed-door meeting between Google India head Sanjay Gupta and IT minister Ashwini Vaishnaw, a source familiar with the discussions said.

The app removals sparked criticism from Indian companies, many of which have been at loggerheads with Google for years.

The dispute centres on efforts by some Indian startups to stop Google from imposing a fee of 11%-26% on in-app payments, after the country's antitrust authorities ordered it not to enforce an earlier fee of 15%-30%. The startups have challenged Google's policy in courts, including the Supreme Court, and before the antitrust watchdog.

"We believe that in the coming months, both the start-up community as well as Google would be able to come to a long-term resolution," Vaishnaw told Reuters partner ANI after meeting Google.

Vaishnaw on Saturday criticized Google's decision to remove apps, saying it "cannot be permitted".

(Reporting by Aditya Kalra in New Delhi and Munsif Vengattil in Bengaluru; editing by Louise Heavens and Christina Fincher)

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By Aditya Kalra

NEW DELHI, March 4 (Reuters) - A group representing Indian startups has asked the country's antitrust watchdog to order Alphabet Inc's GOOGL.O Google to reinstate apps it removed for policy violations, a letter seen by Reuters shows, escalating a showdown with the U.S. giant in a key market.

Google on Friday removed more than 100 Indian apps, including popular ones by Matrimony.com MATI.NS, for not complying with its policy of paying a service fee when in-app payment options other than Google's are used.

The startups have now taken the issue to Competition Commission of India (CCI). The Commission has already spent months looking into startups' complaint that Google is not following a 2022 antitrust directive that prevents it from taking adverse measures against companies which use alternate billing systems. Google denies wrongdoing.

The Alliance of Digital India Foundation (ADIF) in its March 1 letter to the CCI said Google's decision to remove apps was a "brazen move" which was anti-competitive and the regulator should ask the company to reverse its decision.

Google's move will cause "irreparable harm to the entire market", ADIF said in the letter, which is not public.

Google declined to comment on the letter. ADIF and CCI did not immediately respond to requests for comment.

The app removal has sparked criticism from Indian companies, many of which have been at odds with Google for years and criticised its practices. Google, which says it is in compliance, has maintained its in-app fee helps develop and promote the Android and Play Store ecosystem.

The dispute centres on efforts by some Indian startups to stop Google from imposing a fee of 11%-26% on in-app payments, after the country's antitrust authorities ordered it not to enforce an earlier fee of 15%-30%.

India's IT minister on Saturday said such removal of apps by Google "cannot be permitted".

Startup executives on Monday met India's deputy IT minister Rajeev Chandrasekhar who told them he was concerned by the removal of the apps and that his ministry will write to Google to ensure they are reinstated, according to two people familiar with the talks.

Chandrasekhar later wrote on X that he will take up the matter with Google "for a sustainable and long-term solution".

(Reporting by Aditya Kalra in New Delhi and Munsif Vengattil in Bengaluru; Editing by Kirsten Donovan)

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By Aditya Kalra

NEW DELHI, March 2 (Reuters) - Google's decision to remove some apps in India from its app store "cannot be permitted", Information Technology Minister Ashwini Vaishnaw said on Saturday, amid an ongoing dispute over service fee payments to the U.S. firm.

Google on Friday removed from its Play Store many Indian apps, including Matrimony.com's MATI.NS popular Bharat Matrimony and job search app Naukri, saying the companies were not abiding by its in-app payment guidelines.

Vaishnaw said he has held talks with Google and will meet the startups, which needed protection in India.

"This cannot be permitted. This kind of de-listing cannot be permitted," he said in a statement.

Google declined to comment.

The removal has sparked criticism from many startups who have for years protested and legally challenged many of the U.S. giant's practices, including its in-app fee. Google says the fees help develop and promote the Android and Play Store ecosystem.

The dispute centers on efforts by some Indian startups to stop Google from imposing a fee of 11%-26% on in-app payments, after the country's antitrust authorities ordered it to not mandatorily enforce an earlier system of charging 15%-30%.

But Google effectively received the go-ahead to charge the fee or remove apps after two court decisions in January and February, one by the Supreme Court.

Google said on Friday that some Indian companies had chosen not to pay for the "immense value they receive on Google Play".

Among the worst hit by the removals is Matrimony.com which has seen more than 150 of its apps dropped from the Play Store.

"All our apps have been removed and we are out of Play Store and (that) means out of business," founder Murugavel Janakiraman told Reuters on Saturday. "If this continuous for a long term then we will have significant drop in revenue."

Info Edge, another affected company, had seen its job search app Naukri and another real estate search app, removed. Many of the company's app had been restored, its founder said on Saturday on X, without elaborating.

Google briefly removed popular Indian payments app Paytm from its Play Store in 2020 citing some policy violations. The move led to the company's founder and the wider startup industry joining together to challenge Google by launching their own app stores and filing legal cases.

(Additional reporting by Dhwani Pandya; Editing by Mike Harrison)

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March 1 (Reuters) - Matrimony.Com Ltd MATI.NS:

• MATRIMONY.COM FOUNDER TO REUTERS - MATCHMAKING APP JODII DELETED BY GOOGLE HAD MORE THAN 5 MILLION DOWNLOADS

Source text for Eikon: [ID:]

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Feb 9 (Reuters) - Matrimony.Com Ltd MATI.NS:

• MATRIMONY.COM LTD DEC-QUARTER CONSOL NET PROFIT 111.1 MILLION RUPEES VERSUS 116 MILLION RUPEES

• MATRIMONY.COM LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.17 BILLION RUPEES VERSUS 1.1 BILLION RUPEES

Source text for Eikon: ID:nBSE6Vkxtm

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Jan 23 (Reuters) - Matrimony.Com Ltd MATI.NS:

• UPDATE ON-GOING COMMERCIAL SUIT FILED AGAINST GOOGLE

• BENCH OF MADRAS HIGH COURT DISMISSED CO'S APPEAL ON GROUNDS OF JURISDICTION

• CO IN PROCESS OF INITIATING FURTHER ACTIONS WITH APPROPRIATE AUTHORITIES

Further company coverage: MATI.NS

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Aug 9 (Reuters) - Matrimony.Com Ltd MATI.NS:

• INDIA'S MATRIMONY.COM JUNE-QUARTER CONSOL NET PROFIT 141.7 MILLION RUPEES VERSUS PROFIT 119.5 MILLION RUPEES

• MATRIMONY.COM JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.23 BILLION RUPEES VERSUS 1.16 BILLION RUPEES

Source text for Eikon: ID:nBSEWjY4t

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July 26 (Reuters) - Matrimony.Com Ltd MATI.NS:

• CO HAD FILED A COMMERCIAL SUIT IN HON'BLE MADRAS HIGH COURT, AGAINST GOOGLE LLC AND ITS AFFILIATES

• MADRAS HIGH COURT HAD GRANTED AD INTERIM INJUNCTION RESTRAINING GOOGLE FROM DELISTING CO’S APPS FROM “GOOGLE PLAY STORE” IN INDIA

• COURT DIRECTED, AS AN INTERIM ARRANGEMENT PAYMENT OF 4% OF REVENUE OF IN-APP PURCHASES IN INDIA BY CO

• PAYMENT EFFECTIVE 1ST JUNE 2023 TO GOOGLE

Source text for Eikon: ID:nNSE4Z9plg

Further company coverage: MATI.NS

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** Shares of Matrimony.com Ltd MATI.NS rise as much as 5.43% to an over five-month high of 605.75 rupees

** Rise after Carnelian Asset Advisors Pvt Ltd bought 135,495 shares of the Indian matchmaking site at 560 rupees apiece on Monday, bulk deal data from National Stock Exchange showed

** The relative strength index of the stock is above 70, suggesting the stock may be overbought

** Trading volume is 61,904 shares as of 11:50 a.m. IST, 2.6x the 30-day avg - Refinitiv data

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 9 (Reuters) - Matrimony.Com Ltd MATI.NS:

• INDIA'S MATRIMONY.COM LTD MARCH-QUARTER CONSOL NET PROFIT 114 MILLION RUPEES VERSUS 117 MILLION RUPEES

• MATRIMONY.COM MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.15 BILLION RUPEES VERSUS 1.11 BILLION RUPEES YEAR AGO

• FINAL DIVIDEND 5 RUPEES PER SHR

Source text for Eikon: [ID:]

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