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Dream11 parent prepares war chest as it pivots M&A strategy

The company has been looking for large acquisitions since it pivoted its strategy over the past two months from minority transactions 'significant minority' or full-control deals.

India , Raj-rathi , Dev-bajaj , Dream-capital , Dream-sports , Sporta-technologies , Dream11 , Online-gaming-industry , Online-gaming-companies , Mergers-and-acquisitions , Inorganic-growth

Online gaming space witnesses fall in funding

The report stated that interest rate hikes, tightened liquidity, inflation, changes in taxation, and concerns about an imminent recession are some of the reasons for the dip in investments in the online gaming segment.

India , Indian-real-money-gaming , Online-gaming , Online-gaming-funding , Online-gaming-industry , Esports , Gaming ,

Group of ministers may deliberate on issues related to online gaming on Dec 15

While the GoM has conducted "a couple of informal meetings" so far, the first official meeting is likely to set the tone for the process of regulating online gaming, with a specific focus on how to effectively tax the sector and avoid "any illegal gambling or betting, especially from off-shore players", said one of the persons, who did not wish to be identified.

Mahadev , Jammu-and-kashmir , India , Chennai , Tamil-nadu , Ashwini-vaishnaw , Amit-shah , Nirmala-sitharaman , Anurag-thakur , Information-technology , New-delhi , Information-technology-rules

online gaming industry: Online gaming industry come together to set up skill gaming institute

The institute has members from prominent gaming companies on its board and is backed by All India Gaming Federation (AIGF) and eGamers and Players Welfare Association (EPWA). It is in the process of roping in members of academia covering all the Industry, social, legal and psychological aspects of the industry, officials said.

Gurgaon , Haryana , India , Roorkee , Uttaranchal , Bangalore , Karnataka , Lucknow , Uttar-pradesh , Kolkata , West-bengal , Jack-daniels

Atishi seeks withdrawal of tax notices on online gaming firms, BJP calls her support 'shocking' | Delhi News

The BJP termed Atishi’s support for the industry “shocking”, which is “ruining lakhs of lives” across the nation, especially in small towns.

Delhi , India , Praveen-shankar-kapoor , Finance-minister , Online-gaming-industry , Ax-notices-on-online-gaming-firms , Jp , Tishi , St-council-meetin , Irmala-sitharaman , Ndian-express-news

online gaming: 28% GST on online gaming comes into effect tomorrow: All you need to know

The online gaming industry had been lobbying with the government to defer the new regime for some time to get their internal IT systems ready for it.

Services-tax , India-friday , Gst , Online-gaming , Gst-levy , Online-gaming-industry , Gst-council ,

Artificial Intelligence in revolutionising online gaming in India

This article is authored by Yogvinder Singh, head of technology, Witzeal Technologies.

India , Reuters , Artificial-intelligence , Online-gaming-industry , Artificial-intelligence-ai- , Tailored-engagements , Gaming-culture , Responsible-gaming ,

Online money gaming firms face massive Rs 45,000 crore tax demand after 28% GST levy

India Business News: The Central Board of Indirect Taxes and Customs (CBIC) has evaluated unsettled GST liabilities for these firms since 2017.

Karnataka , India , Karnataka-high-court , Supreme-court , Central-board , Indirect-taxes , Directorate-general , Business-news , Online-gaming-industry , Online-gaming-gst , Gst

28% GST on Online Gaming, Casinos and Horse Racing; Will It Be Charged On All Bettings? Details Here

Parliament on Friday passed the amendments in the Central GST as well as Integrated GST legislations to allow 28 per cent levy on full face value of bets placed in casinos, horse racing and online gaming.

India , New-delhi , Delhi , Services-tax-amendment , Parliament-on , Online-gaming , Horse-racing , Will-it-be-charged-on-all , Central-goods , Services-tax , Integrated-goods

GST Amendments Bills Passed in Lok Sabha; 28 Per Cent Tax on Online Gaming, Casinos and Horse Race Clubs

GST Amendments Bills Passed in Lok Sabha; 28 Per Cent Tax on Online Gaming, Casinos and Horse Race Clubs
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New-delhi , Delhi , India , Lok-sabha , Adhir-ranjan-chowdhury , Nirmala-sitharaman , Centre-to-seek-introduction , Services-tax-amendment , Minister-nirmala-sitharaman , Adhir-ranjan , Central-goods , Services-tax