Nazara Technologies, a diversified gaming and esports company, has joined the AIGF (All India Gaming Federation) as a principal member in the skill gaming industry, showing the growing ambition of the company in the fast-growing pay-to-play space.
Nitish Mittersain, founder of Nazara Technologies, will join the executive committee of AIGF, while ... Read More
17
May2023
15
May2023
Societe Generale (SocGen), a France-based investment company, has acquired 5.9 lakh shares in online skill gaming and tech firm Nazara Tech for Rs 33.83 crore, which roughly amounts to a 0.9% stake in the company.
The acquisition was done through bulk deals on Friday along with a few other firms on ... Read More
27
Apr2023
All India Gaming Federation (AIGF), a skill gaming industry body along with pay-to-play gaming firms Gameskraft, Games24x7, and Head Digital Works moved to the Madras High Court, challenging the constitutionality of the Tamil Nadu government's online gambling law that became effective on April 21, Moneycontrol has learnt.
AIGF in a writ ... Read More
07
Feb2023
Last year in October, the Center issued a strict advisory against showcasing betting advertisements on over-the-top (OTT) platforms, such as Netflix, Hotstar, and Amazon Prime Video, as well as on private satellite TV platforms, expressing that non-observance of the advisory may invite penal action under the applicable laws.
On February 5, ... Read More
01
Sep2022
Lately, skill gaming activities like esports and fantasy sports have been flourishing in India. The sector has encountered enormous development in the last 1–2 years. This is generally filled by the rising internet penetration in India and the developing interest of Indians in skill-based games.
As per a KPMG report acknowledged ... Read More
29
Jul2022
While everyone is focused on the yet-to-be finalized goods and service tax (GST) rate on online gaming, the GST council's Group of Ministers (GoM) is probably going to impose a 28% tax on gross gaming revenue (GGR), according to reports.
Although the final recommendations are still awaited, the 28% GST only ... Read More
11
May2022
The Fitment Committee, which involves officials from different states, is going to meet this week to talk about the hike in GST on online gaming, race courses, and casinos.
"There was clear agreement in a meeting held by a group of ministers last week." "We are trusting that the board will ... Read More
10
May2022
As per reports, the Goods and Service Tax (GST) Council is probably going to consider imposing a 28% GST on cryptocurrencies and bitcoins at par with the lottery, casinos, race courses, and wagering.
CNBC-TV18 detailed that the GST Council has named a board to consider the proposition of imposing a 28% ... Read More
06
May2022
A day after the Group of Ministers (GoM) entrusted by the GST Council to inspect topics associated with the GST regime overlaying online gaming, casinos, and racecourses met, the online gaming industry has made a sturdy pitch to the public authorities in opposition to raising GST rates to defend the ... Read More
06
May2022
The Mobile Premier League (MPL), a gaming unicorn, has opened a studio to accelerate the development of AAA (high-profile) mobile games for domestic and international markets.
Mayhem Studios, a subsidiary of MPL, promises to build high-quality games using India's developer community. A team of experts in animation, art, cinematics, design, engineering, ... Read More