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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...- Indian esports players increasingly see it as viable career optionEsports is becoming a lucrative career in India. Top players earn up to Rs 1 crore annually. Many players see it as a viable profession. Op...
- BigBasket top brass churn; RMG ban pain manifestsHappy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech...
- Earned money from Dream 11, Rummy, other real money gaming apps? File ITR now to report this income or risk tax notice and likely prosecutionIncome from online real money games like Dream 11 and Rummy is taxable, necessitating ITR filing. Even small winnings are subject to a 30% ...
- Will the new Online Gaming Bill spell disaster for India's betting platforms?The govt's new online gaming bill may halt online betting. It follows a pattern of stifling industries instead of regulating them. Earlier,...
- 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...
- Gameskraft’s revenue grows to Rs 2,662 crore, profit rises to Rs 1,062 crore amid tax troublesThe company’s revenue from operations increased to Rs 2,662 crore in FY23, an almost 25% increase from the Rs 2,113 crore it generated in F...
- Sikkim High Court stays Rs 628 cr GST demand against Delta CorpThe Sikkim High Court has temporarily halted a Rs 628 crore GST demand order against Delta Corp, a casino and online gaming company. The co...
- Big blow for Gameskraft in Rs 21,000 crore GST evasion case; RBI wants fintechs to self-regulateIn a setback for online gaming firm Gameskraft, the Supreme Court has overturned the Karnataka High Court's order that quashed a GST notice...
- ETtech Interview: Zerodha's Nithin Kamath on profits, market volatility & correction; venture funding gains momentum in generative AI sectorIndia’s largest stock broker Zerodha’s founder & CEO Nithin Kamath expects the firm's revenue and profits to expand by one-fifth in the yea...
- Sports not games, but both gameOld physically played games like rummy, poker and blackjack are getting seamlessly digitalised, being played online and increasingly in vir...
- Disappointed with Tamil Nadu govt’s ordinance to ban online gaming: E-Gaming FederationTamil Nadu governor RN Ravi's assent to ban online gaming as well as regulate such companies follows a cabinet decision to take the ordinan...
- Games24x7 raises $75 million at $2.5 billion valuationThe round was led by Malabar Investment and saw participation from existing investors Tiger Global, Raine group
- The crackdown on online gaming threatens to cripple a nascent but promising industryThe sector was expected to reach Rs 18,700 crore by 2022, at a CAGR of 43%. Though numbers for 2020 are not yet available, the previous yea...
- Real-money gaming companies face an increasing hostile regulatory landscapeTamil Nadu was the third south Indian state to ban these games, after Telangana and Andhra Pradesh, and Karnataka is considering a similar ...
- Money game: The growing biz of PUBG and its star playersThe fight-for-survival game has acquired the status of a cultural phenomenon the world over.
- Money game: The growing biz of PUBG and its star playersIt’s big money as hit game’s publisher, livestreamers and 1 crore daily Indian users go all guns blazing .
- Fearing backlash, India's skill gaming startups ensure users don't get addicted playing onlinePlay Games24X7 has formed a data science team to pick up on warning signals of players such as time spent on the portal, withdrawals, depos...
- Morality or money? Tobacco, liquor, casino stocks surge up to 225% in five yearsSome people consider buying liquor, cigarette or playing games in casino against their ethics.
- Budget 2017: 3 new taxes that Modi government could introduce, but won'tVarious committees over the years have advocated widening of the tax base. The govt could explore three potential avenues. But will it?
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