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Tencent bets on India’s creator economy with Rs 10 crore gaming and animation pushTencent is investing significantly in India's creative industries. The company will fund skill development and training programs for animat...
Nazara Technologies shares soar 18% amid reports of Nikhil Kamath upping stake in block dealNazara Technologies shares surged 18% following a significant block deal involving nearly 4.9% of the company's equity. Nikhil Kamath and A...
China tech giant Tencent sees Q1 profit jump after AI betsTencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan, driven by significant investments in the booming artifici...
Gaming firm Nazara’s Q4 revenue down 23%, profit jumps 13xNazara Technologies reported a 23% revenue decline to Rs 398 crore in Q4FY26, but saw net profit surge over 13x to Rs 56 crore, boosted by ...
Online gaming companies seek a clear regulatory playfieldIndia's online gaming sector is approaching the Ministry of Electronics and Information Technology for guidance on new gaming rules. Compan...
UpGrad-Unacademy deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.
Our aim now is to create Indian games for local use and global exports: Krafton CEO KimMakers of popular video game PUBG looks to double down on investments and IP creation. Will invest both from its balance sheet as well as a...
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.
MeitY says no mandatory registration for online games without real moneyNew regulations from MeitY will exempt online games without real money stakes from mandatory registration. Real-money games will undergo st...
NODWIN bolsters IPO plan as it ropes in Nazara's former key man Manish AgarwalNODWIN Gaming has appointed Manish Agarwal as a non-executive director. This move strengthens the company's leadership as it prepares for a...
Nazara Technologies to raise Rs 500 crore via preferential warrant issueThe gaming company plans to issue warrants at Rs 260 apiece. The round saw participation from Riambel Capital, S Gupta Family Investments, ...
Nazara to de-subsidiarise Nodwin Gaming as esports arm raises fresh capitalDe-subsidiarisation will make Nodwin an associate firm of Nazara. However, Nazara will continue to remain the largest shareholder in Nodwin...
Esports companies may cap player pay at Rs 2.5 lakh per monthLast month, about 15 esports organisations met to discuss that paying high salary packages to grab top players is impacting their business.
Indian gaming companies to join hands to find common ground in esportsIndustry experts feel that 2021 is poised to be the year that esports will dominate Indian gaming.
PUBG-owner Krafton picks up minority stake in Nodwin Gaming for Rs 164 croreA subsidiary of Nazara Technologies, Nodwin is into creating esports tournaments and events, and has brought ESL and DreamHack to India.
Esports is the new rage in the Indian arenaViewership of esports in India doubled to 17 million in 2020 while prize money pool grew 25-30%, according to industry estimates.
Nazara buys 55% stake in Nodwin GamingThe eSports company will function as an independent subsidiary and together, the companies will focus on expanding both online and offline ...