Gaming – Page 7 – storyboard18

Nazara Technologies raises Rs 900 crore in strategic fundraise, boosts stake in Absolute Sports

Nazara will invest Rs 148 crores in its existing subsidiaries including Sportskeeda, Nodwin Gaming, and Datawrkz to increase its ownership in them and support their growth.

The Mumbai-based gaming and media firm secures significant investment to enhance growth and expand its portfolio in the gaming and sports media sectors.

EXCLUSIVE: Now ONDC to boost Real Money Gaming industry

ONDC was launched in 2021 by the Modi government to democratise the e-commerce sector in the country

The unicorns that have signed Letter of Intent (LoI) to partner with ONDC include likes of Zerodha, EaseMyTrip, Pristyn Care, Cars24, Physics Wallah, PolicyBazaar, OfBusiness, Livspace and GlobalBees.

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

Thirty petitions have been filed by RMG companies challenging retrospective GST demands exceeding ₹1.5 trillion, calculated at 28% on the face value of bets.

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

Deepika Padukone joins BGMI as Brand Ambassador

Expressing her enthusiasm for the partnership, Deepika Padukone commented, "It is a thrilling opportunity to embark on this new chapter with the BGMI family."

Global icon set to become a playable character with exclusive skins in Battlegrounds Mobile India (BGMI).

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.

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

The TNOGA, established last year, has recommended that online gaming be prohibited between midnight and 5 a.m., with a daily play limit of four hours and each session restricted to two hours.

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.

ASCI escalates issue of illegal betting and gambling platforms’ ads to MIB

The proposed overhaul of these laws comes amid a surge in applications from non-governmental organizations, trade bodies, and private firms seeking permission to use terms like “India,” “Commission,” “Corporation,” and “Bureau” in their names.

Storyboard18 recently reported that offshore illegal gambling firms have been using the Pro Kabaddi League (PKL) as a sporting platform for surrogate advertising.

Breaking: RMG sector ignored, GST council shuns agenda after multiple requests

Despite multiple requests from the sector, the Indian government has ignored the sector since past two years.

It should be noted that in its 50th meeting held in July 2023, the GST council decided to levy 28 per cent tax — the highest slab — on the full face value of online gaming