Tag: Media

SC ruling on Gameskraft GST case could decide fate of India’s real-money gaming industry

The Supreme Court recently stayed the Karnataka High Court's judgment that had quashed the GST department's show-cause notice to Gameskraft in May 2023. (Representative image by Michał Parzuchowski via Unsplash)

The skill-based gaming industry, which will now pay higher GST, will be further hit if the Supreme Court ruling is unfavourable, making them pay retrospective GST liabilities.

KKR to invest Rs 2,069 crore in Reliance Retail at Rs 8.361 lakh crore equity valuation

This valuation is higher than the Rs 8.27 lakh crore valuation bestowed on Reliance Retail three weeks ago when Qatar’s sovereign investment fund QIA picked up a 0.99 stake in the company for Rs 8,278 crore. (Images sourced via Forbes India)

This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity

India to frame cryptocurrency regulations through global consultations: Economic Affairs Secretary Ajay Seth

Experts estimate that crypto exchanges contributed over ₹200 crore to advertising expenses in 2021, with over ₹90 crore spent during the IPL.

India announced its intention to formulate its own cryptocurrency regulations through a comprehensive process involving extensive dialogues at both the international and domestic levels.

Pepsi maker Varun Beverages set to ride on growth in refrigerator sales in rural areas

Varun Beverages has set up a subsidiary in South Africa. The South African market is expected to be a billion-case market thanks to its high per capita consumption, said Motilal Oswal. (Representative image by Sam Cumming via Unsplash)

The stock is currently trading at 46 times its FY25 EPS estimates. Although the current valuations are stretched, and there is a limited near-term upside on the stock, it has strong growth prospects for the long-term.

Croma releases Croma Unboxed; Decodes key consumer trends on iPhones since 2020

It is to be noted that services segment of Apple, which is touted as the growth engine for the company, reportedly saw a job cut of about 100 jobs in its digital services group. (Representative Image: Laurenz Heymann via Unsplash)

Delhi witnessed an impressive 47 percent growth in iPhone sales from 2020 to 2021 and an astounding 106 percent growth from 2021 to 2022. Meanwhile, Mumbai, while second in iPhone purchases, experienced a significant iPhone wave, with over a tenfold increase in 2022.

ZEE Case: SAT sets new date for Punit Goenka vs. SEBI Case

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

SAT had withheld its judgment in the case, had instructed SEBI to submit a response by September 4.