Business News
Real-Money Game Operators Crash Out From India
Dream11 users are now getting in-app notifications that the platform will no longer offer cash games and contests.
By Kul Bhushan
online gaming
Business News
How Bowled.io is Connecting Fans, One Game at a Time
Akshay Khandelwal and Rahul Singh established Bowled.io, a sports-based social gaming platform primarily catering to cricket fans, in November 2021. The startup is all about connecting fans, be it in Meerut, Manchester, or Melbourne, and has an active customer base of 200,000+ as of now.
Business News
28% GST On Online Gaming To be Effective From October, Says Nirmala Sitharaman
The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments to State GST law in their respective assemblies
By Teena Jose
Business News
GST Council Is Likely To Meet On August 2 To Discuss Rules
The amendment in GST law and rules as per decision taken by Council in the previous meeting will be put up to Council for approval
By Teena Jose
Business News
Fantasy Sports Made INR 2800 Crore In IPL 2023: Report
Redseer's analysis shows a 24% jump in gross gaming revenue from INR 2250 crore in IPL 2022, and the market has grown at a CAGR of 30% since IPL 2019
By Teena Jose
Business News
I-T Department Issues New Taxing Guidelines for Online Gaming
The Central Board of Direct Taxes issued circular 'Guidelines for removal of difficulties under sub-section (3) of section 194BA of the Income-tax Act, 1961' shared that anyone who is responsible for paying any income by means of winnings through online games is required to deduct income tax on the net income from the user's account
Business News
Government Announces New Online Gaming Rules; Industry Lauds the Move
Under the new rules, real money games involving wagering or betting have been prohibited. Permissible online games are referred to as those games which do not involve wagering, use harmful content, and do not create any addictive consequences for young users.
Business News
Nitish Mittersain: The Game Theorist
The CEO, founder and joint MD of gaming unicorn takes us through his journey from being a gamer to building a large diversified gaming company. He is on Entrepreneur India's Digital Cover for February 2023
Business News
Studio Sirah Raises $2.6 Million In Pre-Series A Funding Round
The company plans to utilise the funds to globally launch its flagship gaming title, Kurukshetra: Ascension, by June 2023
By Teena Jose
Business News
Giga Fun Studios Raises $2.4 Million In Seed Funding Round
The company will utilise the funds to create a new benchmark in casual games built to high quality for Indian and global audiences
By Teena Jose
Business News
Government Proposes To Ban Online Betting Advertisements On Social Media Platforms: Report
It is advised that social media platforms must also display that a certain online game has been registered with the self-regulatory body
By Teena Jose
Business News
Government Proposes Self-Regulation For Online Gaming Companies
MoS Rajeev Chandrasekhar said that online gaming companies will not be allowed to engage in betting on the outcome of games under the principle laid in draft rules
By Teena Jose
Business News
Panel Of Ministers Likely To Recommend 28 Per Cent GST On Online Gaming
According to an EY-All India Gaming Federation Report, it is said that online gaming industry has the potential to generate $2 billion by 2023
By Teena Jose
Business News
Web3 Cricket Strategy Game Cricinshots Raises Pre-Seed Fund
The fund raised will be utilized to accelerate the product development and strengthen the team
By Teena Jose
Business News
GoM To Submit Report On Online Gaming Taxation
The sources also said that the GST council is likely meet during the end of this month or by early September to discuss about the report by GoM
By Teena Jose
Business News
Lysto Raises $12 Million In Pre-Series A Funding
Lysto aims to standardize gamer credentials and reputation across the industry through proof of play protocol
By Teena Jose
Business News
Super4 Enters Fantasy Gaming Sector With INR 10 Crore Seed Fund
With the backing of INR 10 crore from Indian investors, Super4 intends to expand and strengthen its team across multiple verticals and kickstart its venture into the fantasy gaming market
By Teena Jose
Business News
Indian Esports Startup FanClash Raises $40 Million
The company plans to use the fund for global expansion, building the team and user acquisition
By Teena Jose
Business News
Government Issues Advisory For Advertisements On Online Gambling And Betting Platforms
The information and broadcasting ministry said advertisements on online betting are misleading and pose socioeconomic risk for consumers
By Teena Jose
Business News
6 Most Popular Mobile Games Of All Time For Entrepreneurs To Play
Entrepreneurs can also reduce stress and boost their mood with these games
Business News
How E-sports Is Different From Fantasy Gaming And Real Money Gaming
The distinction between e-sports and real-money gaming and why it's important to tell them apart
By Lokesh Suji
Business News
5 Tips For New Indian Game Streamers To Grow Their Influence
If you want to monetize your content through game streaming and thus earning some good bucks then you are never too late to think of embarking upon your career in it
By Parth Chadha
Business News
Private Tables To Big Prizes: Here’s How Online Card Game Platforms Have Played Their Diwali Cards
Almost every online card game platform is expecting a surge in user base given limited house parties amid the pandemic
Business News
Simulation Game Platform SuperCric Raises Angel Funding From Nordanvind Gaming
The fresh capital will be utilized to invest in product development and customer acquisition
Business News
The Future Of Digital Gaming Is On Mobile Devices: Salone Sehgal
The general partner of Lumikai believes the mobile gaming category is finding the brightest spot even as other businesses face the heat owing to the coronavirus outbreak
Business News
WinZO Gets $18 Million In Series B Round
Singapore-based Makers Fund and New York's Courtside Ventures led the investment round
Business News
Multi-Game Platform Gamezop Bags $4.3 Mn In Series A Round
The multi-game platform received the capital infusion from BITKRAFT Ventures, Velo Partners, and FJ Labs