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NAZARA TECH GST
Gaming stocks rise up to 8% on cabinet nod to online gaming bill. Delta Corp top gainerGaming stocks surged with Delta Corp leading 8% gains after reports of cabinet approval of the Online Gaming Bill. OnMobile rose nearly 4% ...- Long-term, Nazara should continue to see healthier margins and faster growth: Nitish MittersainNazara Technologies, led by Nitish Mittersain, reported continuous profits for the 14th quarter post-IPO. Investments in user acquisition, ...
- Nazara Tech shares tumble over 8% intraday post Rs 1,120 crore GST noticeOn Thursday, shares of Nazara Technologies, an online gaming and sports company, dropped by up to 8% to Rs 845.65 on the BSE. This decline ...
- Could money move out of HDFC Bank to Bajaj Finance or is it time for sector rotation? Hemang Jani asnwersHemang Jani says: “I doubt that the money would move from HDFC Bank to Bajaj Finance only. A part of the money could move into some of the ...
- Nazara eyes tax crisis-hit real money game companiesThe RMG industry is facing a tax demand of more than Rs 1.5 lakh crore, after the government decided to levy a 28% GST on deposits made by ...
- Nazara’s Nitish Mittersain on new publishing division, Nikhil Kamath & GST on online money gaming“Depending on the momentum and the opportunities that we get the amount of investments can be significant. We really do believe that it is ...
- After Kamath brothers, Nazara to issue Rs 410 crore worth of shares to SBI MFThe gaming company will use the funds to invest in funding requirements and growth objectives of the company including for making strategic...
- Nazara Tech to raise Rs 100 crore from Zerodha’s Nikhil Kamath; shares soar 12%Shares of Nazara Technologies jumped over 12% to hit a 52-week high of Rs 854 on the NSE on Monday after the company approved preferential ...
- No reason to invest in cement stocks at these levels: Anand TandonI think the cement sector itself one should be underweight on. There are only two levers, your volume grows up or your prices go up. Volume...
- IT earnings off to a good start in Q1; Nazara says GST impact minimalIndia’s top software exporter Tata Consultancy Services kicked off the earnings season with a forecast-beating double-digit growth in Q1 ne...
- 28% GST on online gaming: Nazara anticipates 'minimal impact' on overall revenueIn a major setback to the country's online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monie...
- Game over: Indian gaming companies fear thousands of job cuts after GST increaseThe Indian GST Council's decision to levy 28 per cent GST on online gaming, casinos, and horse racing was met with criticism, with companie...
- Delta shares crash 28% as government imposes 28% GST on casinosIn a major setback to the country's online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monie...
- Should you buy the slam dunk in Nazara & Delta? Dipan Mehta answers“Post the GST rejig which has imposed 28% tax on gaming of all sorts, it is better to just stay away for two-three quarters. Let the dust s...
- New policy won't have any major financial impact on our performance: Nitish Mittersain, Nazara TechAnd I think we will have to see how this impact on this 5% of our business plays out. It is still, to be honest, very early to predict it. ...
- 18% GST on online games of skill, 28% on games of chance; Mumbai Apple store zone a no-go area for rival brandsOnline games based on chance, such as betting, casinos, and horse racing, are likely to be charged a Goods and Services Tax (GST) rate of 2...
- Even today, our margins can easily be optimised, more so in e-sports space: Nitish Mittersain, Nazara Tech“E-sports will become the number two sports in India; the gaming influencers, gaming creators are already reaching celebrity status. We rec...
- What did Nazara learn from Rakesh Jhunjhunwala? Nitish Mittersain explains“Rakesh Jhunjhunwala invested in Nazara in early 2018 and I still remember meeting him in his conference room. It was a fanboy moment for m...
- Nazara founder on what 28% GST might mean for gaming sector“When it comes specifically to Nazara, our exposure to the skill- based, real money gaming space where these taxes are really applicable is...
- Delta Corp tanks 5% as GST Council recommends 28% tax on casinos“Final decision has been taken on new GST structure on online gaming, horse racing and casino. We cannot elaborate the details of the decis...
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