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ADIF has faith in the judicial process as they raise concerns about high fees charged by Google Play Store

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Concerned at high fee imposed by Google Play Store, have trust in
judicial process: ADIF

New Delhi, March 21 (IANS) – The Alliance of Digital India Foundation (ADIF) has expressed concerns over the high commission imposed during in-app purchases on Google Play Store. The ADIF, representing thousands of homegrown startups, believes these charges are not conducive to the interests of digital entrepreneurs in India.

Prateek Jain, Associate Director of ADIF, stated that the app store rates, ranging from 15 to 30 percent, are excessively high. The Competition Commission of India (CCI) recently dismissed interim relief applications from startups requesting a restriction on Google from imposing fees on developers as part of its updated payments policy.

Jain emphasized the need to reconsider the rates and establish a mutually beneficial model to support the growth and sustainability of India’s digital economy. He expressed trust in the judicial process and hopes that the best interests of the Indian app development community will be prioritized.

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The CCI concluded that the informants seeking relief did not meet the necessary criteria as per the Supreme Court’s guidelines. The regulator stated that there was a lack of prima facie evidence warranting a positive direction sought by the informants at the interim stage.

Recently, the CCI initiated a probe into the Google Play Store, alleging that the tech giant is exploiting its dominant position in India’s online market. The regulator accused Google of imposing unfair terms and discriminatory practices in its Play Store, potentially violating the country’s anti-trust laws.

The ADIF’s concerns highlight the ongoing debate surrounding commission rates in app stores and the need for a fair and transparent marketplace for digital entrepreneurs in India. The outcome of the CCI’s probe and subsequent hearings will likely have significant implications for the app development community and the digital economy as a whole.

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IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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Samsung develops the fastest DRAM chip for AI applications in the industry

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Samsung develops industry's fastest DRAM chip for AI applications

In a groundbreaking development, Samsung has announced the creation of the industry’s first low-power double data rate 5X (LPDDR5X) DRAM chip for AI applications. The new chip boasts high performance of up to 10.7 Gbps, marking a significant improvement in both speed and capacity compared to previous models.

Low-power, high-performance LPDDR chips are becoming increasingly important in the on-device AI market. Samsung’s latest LPDDR5X products, developed with 12 nanometer-class process technology, are the smallest in size among existing LPDDR chips, further cementing the company’s position as a leader in the low-power DRAM sector.

A company spokesperson stated, “Samsung will continue to innovate and deliver optimized products for the upcoming on-device AI era through close collaboration with customers.” Mass production of the LPDDR5X is set to commence in the second half of the year, pending verification by mobile application processor and device providers.

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The unveiling of Samsung’s LPDDR5X DRAM chip represents a significant step forward in the field of AI technology. The chip’s impressive performance and capacity enhancements are expected to further drive the adoption of on-device AI solutions in various industries. This groundbreaking innovation is sure to set a new standard for memory solutions tailored for AI applications.

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PM Modi expresses strong interest in Zoho’s rural development model: Sridhar Vembu

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PM Modi showed keen interest in our model of rural development: Zoho's Sridhar Vembu

New Delhi, April 17 (IANS) – Zoho Founder and CEO, Sridhar Vembu, revealed that Prime Minister Narendra Modi expressed interest in Zoho’s rural development model in Tenkasi district, Tamil Nadu during his recent meeting. PM Modi praised the company’s efforts in creating high-tech capabilities and jobs in rural areas.

During an election rally in Ambasamudram, PM Modi met Vembu to discuss Zoho’s rural development through R&D model. Vembu expressed gratitude towards PM Modi for taking the time to understand and appreciate the company’s operations in Tenkasi as a model of rural development.

“PM Modi came to Ambasamudram which is close to my village. Even in the middle of his hectic campaign schedule, he gave me time to meet him and brief him on our rural development through R&D model and on creating high-tech capability and jobs in rural areas,” Vembu shared on social media.

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Vembu highlighted that PM Modi showed keen interest in Zoho’s Tenkasi operations. He praised the Prime Minister’s leadership and expressed his support for his continued health and service to the nation. Zoho, founded in 1996 and headquartered in Chennai, employs over 15,000 individuals globally.

During his rally in Ambasamudram, PM Modi criticized the DMK in Tamil Nadu, alleging that they conspired with the Congress to hand over the Katchatheevu island to a foreign nation. PM Modi emphasized his commitment to developing a ‘Viksit Tamil Nadu’ along with a ‘Viksit Bharat’ for overall progress.

The interaction between PM Modi and Zoho’s CEO highlights the government’s interest in innovative rural development models like the one implemented by Zoho in Tenkasi district. The meeting signifies a recognition of the potential for high-tech job creation in rural areas leading to localized economic growth and development.

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MediBuddy Healthcare Platform Reaches Break-Even Point in Fiscal Year 2024

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Healthcare platform MediBuddy achieves break-even in FY24

New Delhi, April 17 (IANS) Digital healthcare platform MediBuddy has announced that it has reached break-even with a marginal loss in the previous fiscal year, moving towards EBITDA neutrality. The company has seen a significant increase in its user base by 2.4 times over the last three years, serving close to 3 crore people with over 1 crore subscribers.

According to Satish Kannan, Co-founder and CEO of MediBuddy, “By leveraging technology, our platform enhances doctor-patient interactions, fueling remarkable growth and expanding healthcare access nationwide.” The company is now focusing on exploring mergers and acquisitions opportunities in key healthcare areas such as chronic disease management, mental health, diabetes, women’s care, and weight management, supported by an $18 million capital pool.

MediBuddy has a network of over 90,000 doctors across more than 22 specialities, and works with over 7,100 hospitals and clinics. The company has also onboarded over 10,000 hospitals and diagnostic centers for all radiology and pathology investigations. Kannan stated, “We empower doctors through our platform, offering accessible care via video consultations, hospital visits, clinics, pharmacy deliveries, and diagnostic services.”

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The company’s commitment to innovation and technology has led to its break-even milestone, as it continues to focus on providing quality healthcare services to its growing user base. MediBuddy’s emphasis on enhancing doctor-patient interactions and expanding healthcare access has contributed to its success in achieving break-even status in the previous fiscal year.

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