App store operators will face a fine of up to two per cent for forcing developers to use their own in-app payment systems, South Korean telecommunications regulator said.

Under the enforcement decree of the revised law aimed at curbing Google and other app store operators' dominance, such app store operators will have to pay one per cent of their revenue for delays in reviewing apps, according to the Korea Communications Commission (KCC).

Google is open to partnering with more OEMs, telecom carriers and developers to develop Android optimisations like it has with JioPhone Next, said Ram Papatla, general manager and engineering lead in India for Android.

“Nothing is off the table and over the next few months and years we will evaluate how we can go ahead with partnerships. Hopefully, we will have more announcements over the next few months,” he added.

The price of gold remained unchanged on Saturday, with the yellow metal selling at Rs 49,100 for 10 grams (24-carat), and Rs 48,100 for 10 gram (22-carat). The price of silver decreased by Rs 300 for 1 kg and the metal is selling for Rs 66,000 per kg.

In Delhi, the rate of 10 gram of 24-carat gold stands at Rs 52,530, while in Mumbai the yellow metal's price is at Rs 49,100. The price of ten grams of 22-carat gold in Delhi and Mumbai is at Rs 48,150 and Rs 48,100, respectively.

Delhi's air quality continues to remain in the 'very poor' category for the seventh consecutive day on Saturday, as per the System of Air Quality & Weather Forecasting & Research (SAFAR).

The overall Air Quality Index increased from 332 on Friday to 355 today.

The Bitcoin scandal blame game touched a new low in the state among Karnataka politicians as leading of ruling BJP and opposition Congress indulged in personal attacks.

Congress has decided to make 'Bitcoin Scandal' a poll issue and BJP seems to be determined not to lose the momentum and goodwill that has been created so far.

At the Ghazipur border, the epicentre of the farmers’ protests, smiles have replaced angry faces and there are jalebis instead of banners in the hands of the people gathered there. It’s sweet victory for the farmers — and it has come after more than a year of agitation against the three controversial farm laws.

“Jalebi batt rahi hai; aaj Gurpurab hai,” says a beaming 63-year-old Gurpal Singh. “They (the central government) called us Khalistani, Pakistani, and Afghanistani, but today, by agreeing to repeal these draconian farm laws, the Prime Minister Narendra Modi has accepted that the laws which he used to call ‘white as milk’ were indeed black,” says Singh.

ABB Power Products & Systems India on Friday announced its rebranding as Hitachi Energy India Ltd.

"Following the recent rebranding of its parent company to Hitachi Energy, its operations in India today announced their evolution to Hitachi Energy India Limited', reaffirming their commitment to accelerating the clean energy transition in India," a company statement said.

Sundaram Asset Management Company Ltd, the 100 per cent subsidiary of Sundaram Finance Ltd on Friday said it received the regulatory approval for the purchase of asset management businesses of Principal Asset Management Pvt Ltd.

Sundaram Asset Management Company would acquire the schemes managed by Principal India and acquire 100 per cent of the share capital of Principal Asset Management Pvt Ltd, a company statement said here.

Calling the Centre's decision to repeal the farm laws as a "great victory for the farmers and the Congress", senior party leader P Chidambaram on Friday took a dig at the government, saying that the move was not inspired by a change of heart but impelled by "fear of elections".

His remarks came after Prime Minister Narendra Modi, in an address to the nation this morning, announced that the government has decided to repeal the three farm laws, which were at the centre of protests by farmers for the past year.

Standard and Poor’s (S&P) has upgraded long-term issuer rating on Glenmark Pharmaceuticals from “BB-” to “BB” on the expectation of conservative debt levels given limited upcoming capital investments and healthy free operating cash flow.

Its debt is likely to decline by about 25 per cent in FY22 (year ending March 31, 2022) given management's commitment to maintaining lower leverage following a recent equity raising at its subsidiary. This is expected to boost the company's ratio of funds from operations (FFO) to debt is expected at 35-40 per cent in FY22.

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