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Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...- Swiggy, Urban Company report Q4 losses; Zepto gets IPO nodNew-age companies Swiggy and Urban Company closed the March quarter in the red, even as revenues surged. This and more in today's ETtech To...
- Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
- Eloelo reports FY25 operating revenue at Rs 69.5 crore; expenses jump 67% on marketing spendsAs the live social entertainment startup’s business expanded, its expenses rose in tandem. Since its founding in July 2020 by Saurabh Pande...
- Vidit Aatrey on Meesho’s IPO; big gains for early backersIPO-bound Meesho sees no slump in ecommerce demand in India. This and more in today’s ETtech Top 5.
- ED arrests Winzo cofounders: All you need to know about Paavan Nanda, Saumya Singh RathorePer the ED, the gaming unicorn matched paying users against algorithms and not real people, which tilted the outcomes and ensured losses to...
- India AI Mission cohort 2.0; Tata's Apple windfallIndia AI Mission has selected eight more firms to build foundational AI models. This and more in today's ETtech Top 5.
- Gameskraft net profit falls due to unsanctioned payments, GST impact; files police complaintOnline gaming firm Gameskraft reported a net profit drop in FY25, impacted by a Rs 231 crore write-off linked to alleged fund siphoning by ...
- Gaming regulation roulette may sink billions in VC moneyIndia's ban on real-money gaming has jeopardized nearly $15 billion in investments, leaving venture capital firms and startups scrambling. ...
- Gameskraft announces strategic pause of Pocket52Gameskraft, a leading Indian skill-based online gaming company, has announced a strategic pause in its Poker platform, Pocket52, to revamp ...
- SC stays GST on online gaming; L&T chairman sparks work-life balance debateSC has stayed GST notices worth Rs 1.12 lakh crore issued to online gaming companies. This and more in today’s ETtech Top 5.
- Dream11 posts higher profit, revenue; auditor flags risk from GST demandDream11's auditor SR Batliboi & Co, an affiliate of EY, said the notices issued to the company by GST authorities seeking more than Rs 28,0...
- Paytm trims Q3 losses; Dream11 FY23 revenue grows 66%Digital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore a year...
- Online gaming platform Zupee’s FY23 operating revenue more than doubles to Rs 831.5 croreThe Matrix Partners-backed company’s net loss fell 72% on year to Rs 36.5 crore, as its expenses grew significantly slower than its topline...
- Mobile Premier League net loss narrows to $37 million in FY23 as revenue grows, expenses fallMPL's revenue from operations increased to $104.63 million in FY23, compared to $64.20 million in FY22, at a group level. Expenses also fel...
- Byju Raveendran in fire-fighting mode amid crises; Gameskraft’s FY23 profit, revenue riseBattling crises on multiple fronts, Byju’s founder Byju Raveendran revealed his plans to tackle the liquidity crisis in a call with senior ...
- Online gaming companies seek more clarity on GSTGaming companies are learnt to be discussing the course of action and deciding on the key clarifications they need from the government befo...
- Exclusive: Tesla’s renewed interest in India; 40 gaming companies stare at fresh GST noticesWeeks after Prime Minister Narendra Modi invited Tesla to come to India, the electric vehicle maker held discussions with government offici...
- Online gaming companies say only illegal platforms will gain from 28% GSTThe government's decision to impose a 28% GST on the full face value of online gaming could result in users migrating to illegal gambling a...
- Google Bard comes to India; SoftBank Vision Fund logs $32 billion loss, sells 2% in PaytmGoogle kicked off Google I/O, its annual developer conference, on Wednesday and made a slew of announcements. Besides launching Pixel Fold,...
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