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RMG SECTOR
Inside Oyo’s FY26 profit; Gaming founders seek GST reprieveOyo parent Prism, which filed its updated IPO papers, reported a strong profit in the April-December period, courtesy of an unlikely source...- Gaming founders appeal to GST Council for personal liability relief after Supreme Court rulingReal money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following...
- How a Noida-based apparel maker found its way into wardrobes worldwideCTA Apparels is embracing automation and vertical integration to enhance speed, transparency, and traceability. This shift positions them a...
- US buyers keen to stitch deals with Indian apparel exportersIndian apparel exporters face pressure as US buyers demand discounts of up to 10%. This comes as India's readymade garment exports have dec...
- eGaming regulator takes charge, focuses on eSports registrationsIndia's new Online Gaming Authority of India is now operational. Its immediate focus is registering eSports companies and resolving player ...
- India-New Zealand FTA to give major boost to exports: ExpertsIndia and New Zealand have signed a free trade agreement. This pact offers duty-free access for all Indian goods to New Zealand. Experts be...
- Real money gaming ban to unlock growth for ill monetised non-RMG titles: ReportIndia's gaming sector shifts focus to non-real money gaming. A new law banned real money gaming. Lightbox reports India has 420 million pla...
- Real-money game over, battle will now shift to the old fieldFollowing the real-money game ban in India, traditional gaming studios anticipate growth as RMG players migrate to casual gaming. This shif...
- Tariffs set to halve revenue growth of India's ready-made garment industry YoY: CrisilIndian ready-made garment (RMG) industry revenue growth is projected to slow significantly due to the US imposing 50% tariffs on imports fr...
- Real money gaming ban led to startup ‘explosion’: Snapdeal cofounder Kunal BahlKunal Bahl notes a surge in new startups after the real-money gaming ban. Talent from the RMG sector is launching ventures, seeking guidanc...
- India poised to double ready-made garments market share to 12% in UK in near term: CareEdgeIndia and UK concluded a Free Trade Agreement. This will boost India's garment exports. India's market share in the UK is set to double. Th...
- Tamil Nadu garment exporters to see 8-10% revenue growth, says CRISILHealthy order inflows and rising demand are expected to boost revenues of Tamil Nadu's readymade garment exporters by 8-10% to Rs 43,000 cr...
- Retro tax waiver set to ease gaming companies Rs 1 lakh core tax painThe Goods and Services Tax (GST) council's recommendation to allow the government to overrule retrospective tax demands could resolve pendi...
- Games 24x7 posts 70% rise in FY23 operating revenue, trims lossGames24x7's operating revenue grew by over 70% to Rs 1,988 crore in FY23. The firm's loss narrowed by nearly 30% to Rs 199 crore. It runs p...
- Indian gaming likely to hit $7.5 billion, create 250,000 jobs by 2025: Meta India headFacebook parent Meta’s vice president for India Sandhya Devanathan made the comments during Meta's inaugural gaming summit in India, where ...
- Nazara Technologies sets aside $100 million for acquisitionsNazara tech managing director and chief executive Nitish Mittersain told ET in an interaction that the firm’s total cash position stands at...
- ETtech Explainer: Google Play Store says it will allow real money gaming apps. What does this mean?Google's Play Store will now allow a wide variety of real money gaming (RMG) apps on its platform in India, Mexico, and Brazil. This change...
- Gaming focused VC Lumikai unveils Fund II, eyes $50 million corpusThe so-called Fund II follows Lumikai’s first fund that raised $40 million in 2020, a year after its inception. It has backed startups like...
- How Bangladesh stitched a key sector with a ready-made solutionBangladesh's ready-made garments (RMG) sector has contributed hugely to the country's transformation since the Multi-Fibre Arrangement (MFA...
- ReNew Power completes merger with US-based RMG IIReNew Power CEO Sumant Sinha said, "The completion of our business combination with RMG II is a great step forward for enabling further dec...
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