Imran Fazal – Page 9 – storyboard18

DGGI will shake hands with foreign govts to crack whip on offshore gambling firms

The DGGI Annual Report states that actions have been taken against 118 domestic online gaming companies, with Show Cause Notices issued to 34 taxpayers, involving tax amounts of Rs 1,10,531.91 crore.

This move will curb tax evasion in the online ‘gaming’ sector in India and will also help block websites of such notorious illegal offshore entities.

‘Not hyping to raise funds, investors are not dumb,’ says SuperGaming Founder

According to Tracxn, SuperGaming has raised a total of $6.8 million over three rounds, with the first round of funding on November 12, 2019.

The Pune-based gaming studio is backed by investors including Bandai Namco, Akatsuki Entertainment Technology Fund, Skycatcher, BAce Capital, and Dream Incubator.

DGGI investigating 658 gambling companies, reports Rs 82k crore tax evasion by online ‘gaming’ companies

The detection of GST evasion by the DGGI has been steadily increasing since the implementation of GST in 2017.

Meanwhile, the GST department has collected Rs 2,675 crore from 574 offshore entities offering digital services to Indian entities in FY24.

Tata Motors PVs CMO Vinay Pant quits amidst multiple rejigs at the auto major

At Maruti Suzuki, he also served as Head of Marketing and later as Senior VP for True Value.

Tata Motors is undergoing multiple changes in the organization and at the agency level.

BMC reviewing feedback from OOH ad agencies, will exclude central agencies

The Indian Outdoor Advertising Association had requested that the BMC extend the deadline for submitting suggestions by two months.

The BMC officials are reviewing the feedback given by multiple stakeholders to frame a policy on hoardings.

Tamil Nadu examining Australia-like gaming policy, video game industry tight-lipped

TNOGA Chairman Mohammed Nasimuddin stated that preliminary survey analysis suggests that about 20 percent of students in the state are addicted to online games.

During one of the consultative processes, the Tamil Nadu government clarified that they do not differentiate between the video game and RMG industries.

EU regulators to probe Google over its AI model, raises privacy concerns

The commission stated that the investigation will focus on whether Google properly evaluated whether PaLM2’s data processing presents a “high risk to the rights and freedoms of individuals” in the EU.

Ireland’s Data Protection Commission (DPC), the lead EU regulator for most of the top U.S. internet firms said that the probe concerned the Alphabet Inc (GOOGL.O), opens new tab unit’s Pathways Language Model 2 (PaLM 2).

Spring Capital invests in Agilitas, will help develop brand and launch strategies

In April of this year, Agilitas Sports acquired the India license for the Italian shoe brand Lotto for 40 years, at an undisclosed price.

In December 2023, Agilitas Sports received Rs 100 crore in funding from Nexus Venture Partners, a venture capital firm that partners with entrepreneurs building product-focused companies in India and the US.

Breaking: Tamil Nadu takes strong stand against online gaming, RMG players left red faced

During the event, N. Muruganandam, Chief Secretary of Tamil Nadu stated that teachers and parents should be informed about the addictive nature of online gaming. He also referenced the government’s decision to implement the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022.

N Muruganandam, Chief Secretary of Tamil Nadu government hinted towards banning certain games and said that the addiction to online gaming among children has grown leading to harmful effects.

Google faces new antitrust battle over advertising tech monopoly

Google Ads also has opt-out options at both the account and individual campaign levels to ensure flexibility.

Google disputes the claims of excessive fees and argues that its integrated technology ensures faster ad delivery and improved security.