MapmyIndia share’s 11% fall today has links with Google Maps. Explained

Why are MapMyIndia (CE Info System) shares falling: Share price of CE Info Systems-owned MapMyIndia declined 10.6 per cent to Rs 2,217 per share on the BSE in Thursday’s intraday trade. The drop in share price came amid reports that Google has slashed the price of Google Maps Platform for Indian developers, which may affect MapMyIndia’s navigation app ‘MappIs’.