Business
Google to pay $90 mn to developers to settle Play Store lawsuit
Google has reached a settlement over a lawsuit with a group of developers, where it will establish a $90 million fund to support developers in the US who earned $2 million or less in annual revenue through Google Play, during each year from 2016-2021.
The proposed agreement, said Google, will help ensure that both developers and consumers can continue to benefit from Google Play.
“To continue to provide developers with a tiered pricing model, we’ll maintain Google’s 15 per cent commission rate for the first $1 million in annual revenue earned from the Google Play Store for US developers, which we implemented in 2021,” the Wilson White, VP, Government Affairs and Public Policy at Google said in a statement late on Thursday.
A vast majority of US developers who earned revenue through Google Play will be “eligible to receive money from this fund, if they choose”.
If the Court approves the settlement, developers that qualify will be notified and allowed to receive a distribution from the fund, Google added.
Developers around the world have earned more than $120 billion using the Google Play Store to date.
“In addition to the fund, we’re committing to maintain a number of existing practices and implement new benefits that help developers innovate and communicate with their users, said Google.
In new versions of Android, Google will maintain certain changes implemented in Android 12 that make it even easier for people to use other app stores on their devices, while being careful not to compromise the safety measures Android has in place.
To showcase independent and small startup developers building unique high-quality apps, Google is creating an “Indie Apps Corner” that will appear on the apps tab on the Google Play homepage and “shine a spotlight on these developers”.
Google said it will also publish annual transparency reports to share information about the Google Play Store, including statistics such as apps removed from Google Play, account terminations, and other data regarding how users interact with Google Play.
Business
Sensex, Nifty end lower over monthly Futures and Options expiry

Mumbai, Nov 25: Indian stock markets ended in the red on Tuesday as traders reacted to the monthly expiry of Nifty futures and options contracts for the November series.
The Sensex closed 313.7 points lower at 84,587.01, a decline of 0.37 per cent. The Nifty also slipped, ending 74.7 points or 0.29 per cent down at 25,884.8.
“On the Nifty options front for the upcoming weekly expiry on December 2, significant call buildup was recorded at the 26,000 and 26,200 strike levels, while on the put side, notable additions were seen at the 26,000 and 25,500,” experts said.
Among key stocks on the Sensex, Trent, Tata Motors PV, HCLTech, Infosys and Power Grid were the top losers.
On the other hand, Bharat Electronics Ltd (BEL), State Bank of India (SBI), Tata Steel and Eternal were among the major gainers.
Sector performance was mixed. The Nifty Realty index gained 1.62 per cent, making it the best-performing sector of the day, while Nifty PSU Bank rose 1.44 per cent.
However, Nifty IT fell 0.57 per cent and Nifty Media dropped 0.80 per cent.
Broader markets were more resilient than the frontline indices. The Nifty Midcap 100 index gained 0.36 per cent, while the Nifty Smallcap 100 added 0.19 per cent — showing continued buying interest in mid- and small-cap stocks.
Market experts said the expiry-related volatility and profit booking weighed on benchmarks, while select sectors continued to see fresh inflows ahead of December trading sessions.
“Caution prevailed as investors awaited clarity on a possible rate cut in the upcoming FOMC meeting and progress on the Indo-US trade deal, despite some improving signals,” analysts said.
They added that selling pressure is visible near the 26,000 level, though downside appears limited given strong domestic fundamentals, including a solid earnings outlook for H2.
“PSU banks and real estate stocks outperformed, supported by a strong revival in home loan demand and rising market share for PSU banks,” analysts mentioned.
Business
India’s infrastructure market expected to hit Rs 25 lakh crore by 2030: Report

New Delhi, Nov 25: India is entering a multi-year infra super-cycle, with the Nifty Infrastructure index delivering 2 times returns of the Nifty 50 over the past three years, a report said on Tuesday.
India’s infrastructure equities have evolved from defensive to high‑beta, high‑alpha and could nearly double in market size by 2030 to around Rs 25 lakh crore, the report from Smallcase said.
Analysts said that the growth is driven government spending and private capex revival — helped by PLI schemes, global supply-chain shifts, and manufacturing incentives.
Smallcase estimated that Rs 1 of infrastructure capex delivers roughly Rs 2.5 — Rs 3 of GDP impact.
Markets are likely to maintain a high beta to infrastructure execution; earnings visibility across engineering, construction, industrials, cement, power equipment and logistics remain robust, the report noted.
InvITs growth will be underpinned by predictable, contract-based revenue streams offering pre‑tax yields of about 10–12 per cent and post‑tax returns near 7–9 per cent generally higher than many conventional fixed-income instruments.
The Nifty Infrastructure Index returned 14.5 per cent, 82.8 per cent and 181.2 per cent over the past 1, 3 and 5 years, outperforming the Nifty 50’s 10.5 per cent, 41.5 per cent and 100.3 per cent, the report said.
“Though Infrastructure investment in India Although these assets can experience temporary fluctuations during periods of market uncertainty, their historical volatility of about 10.2 per cent is well below the equity market’s 15.4 per cent, resulting in comparatively steadier performance,” said Abhishek Banerjee, Investment manager on smallcase, and founder of LotusDew.
With a correlation of only 0.42 to equities, infrastructure platforms tend to behave similarly to utilities, producing consistent, inflation-linked income that is largely unaffected by economic swings, he added.
Business
New initiative aims to strengthen India’s homegrown cyber resilience

New Delhi, Nov 25: The government has launched a landmark Cyber Security Innovation Challenge (CSIC) 1.0 for students and researchers to work upon real-world cyber challenges, positioning the field as a viable career path and strengthens India’s homegrown cyber resilience.
The initiative, launched under the Information Security Education and Awareness (ISEA) project of MeitY, aims to building not only skilled professionals and positioning cyber security as a viable career path, but also catalysing homegrown, product-oriented solutions.
S. Krishnan, IT Secretary, emphasised the need for a two-pronged national cyber security strategy — expanding awareness of emerging threats while strengthening technological capabilities. He highlighted that CSIC 1.0 addresses both imperatives.
Krishnan said that cyber security demands a ‘whole-of-nation’ approach, echoing Prime Minister Narendra Modi’s vision of a ‘whole-of-government’ strategy.
Acknowledging the collaborative presence of MeitY, CERT-In, NSCS, AICTE, C-DAC, DSCI, and leaders from academia and industry, he stressed the importance of nurturing winning ideas beyond the Minimum Viable Product (MVP) stage, creating pathways for them to evolve into scalable solutions through collaboration with startups and industry partners.
Vinayak Godse, CEO, Data Security Council of India, provided an engaging walkthrough of CSIC 1.0’s five-stage structure and extensive problem statements, developed through months of intense deliberation between DSCI, C-DAC, and the ISEA team.
He highlighted that this first-of-its-kind initiative enables students and researchers to innovate and develop entrepreneurial mindsets from the early stages.
Professor V Kamakoti, Director IIT Madras, mentioned that the innovation challenge under ISEA Project highlights our enhanced understanding of core challenges and positions us to craft transformative solutions.
The 10 domain specific problem statements highlight areas which are aligned to the cyber security needs of the nation and require fresh, innovative thinking.
Dr Sanjay Bahl, Director General, CERT-In, highlighted ISEA’s critical role in fostering innovation that shifts the paradigm from reactive defense to proactive security.
He noted that the Innovation Challenge creates a vital platform uniting R&D, academia, and industry, with solutions from academic institutions envisioned to reach the market as deployable products.
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