New Delhi, Illegal online betting and gambling companies act as channels for money laundering and terror financing, according to a report by the Scientific and Security Technical Research Association of Rashtriya Raksha University.IT Rules 2021 differentiates between permitted real money...
Mumbai: Some supporters of independent MLA Bachchu Kadu were detained on Wednesday after they staged a protest near Mantralaya in South Mumbai against online gaming and gambling. An officer gave this information.Prahar Janshakti Paksha chief Kadu and his supporters gathered near Mahatma Gandhi...
New Delhi: The Indian gaming industry is set to register 20 per cent growth to reach Rs 23.1 billion by FY25, according to a report on Tuesday, citing industry estimates that the number of online players in India it has reached 442 million, surpassing China.The Grant Thornton Bharat and...
According to the report published by the Foundation for Economic Growth and Wellbeing (EGROW Foundation), in collaboration with Primus Partners, the online gaming industry is growing to become one of the key job-generating industries in the coming years.Notably, the female workforce within the...
Rajkot, the father of a 20-year-old engineering student, who died in the TRP gaming zone fire in Gujarat's Rajkot city on May 25, has moved the district consumer disputes redressal commission, seeking a compensation of Rs 20 lakh from the company that ran the ill-fated facility for the death of...
The report published by Grant Thornton Bharat and the E-Gaming Federation (EGF) advocates for a comprehensive Code of Conduct (CoC) in the gaming industry, setting clear standards of ethical behavior to ensure accountability and transparency.According to industry estimates, the number of...
With state support and advocacy by Prime Minister Narendra Modi, e-sports has cemented its place as a new-age sport after getting official recognition as a 'multi-sport' event by the government, they added."More than a decade ago, gaming was nothing but a pastime of a few passionate gamers. If...
Mumbai, The Bombay High Court has allowed a 19-year-old youth to reappear for the Class XII improvement exam which he failed to answer last year as he was suffering from depression and internet gaming disorder.A division bench of Justices A S Chandurkar and Rajesh Patil, in its July 4 order...
Meta Description: Cosmic Kittens (CKIT) is the most interesting digital asset, but what makes this NFT collection stand out?The beauty of games is that they can bring people of different backgrounds and ethnicities together. Gaming is one of the world's greatest equalizers because everyone has...
VMPLNew Delhi [India], July 1: The blockchain revolution did not stop with Bitcoin and Ethereum. We are now entering the next phase: the long-awaited rise of Web3. This decentralized iteration of the Internet prioritizes democracy, trust, and digital ownership over the centralized Big Tech...
Mangaluru (Karnataka), A 35-year-old man who owned a gaming center died in a car accident in Belthangady taluka of Dakshina Kannada district in the early hours of Saturday, police said.The deceased has been identified as Prajwal Nayak, son of businessman Pramod Nayak.According to the police...
New Delhi, E-sports and gaming company NODWIN will increase its stake in its European counterpart Freex 4U to 100 per cent in a share swap deal worth about Rs 271 crore, the company said on Friday.Singapore-based NODWIN is a content subsidiary of Nazara Technologies, headquartered in Mumbai...
The company's Singapore-based subsidiary NODWIN Gaming International Pte has signed definitive agreements to increase its existing 13.51 per cent stake in Freex 4U Gaming to 100 per cent in tranches through a share swap.Akshat Rathi, co-founder of Nodwin, said, “This acquisition is an...
VMPLChennai (Tamil Nadu) [India], June 24: Skyesports, a leading global IP and community builder for gaming and esports, has introduced THE FINALS Esports Revolution Showdown, an intense esports tournament featuring the country's top players such as a LAN event in Chennai. India.THE FINALS...
According to gaming companies, the 28 per cent GST on skill-based online games has created a number of impacts, including funding constraints, reduced growth rates, job losses and increased uncertainty across the sector.Manish Mishra, partner at JSA Advocates & Solicitors, said the fact that...
New Delhi [India], Congress leader Rahul Gandhi on Saturday held a conversation with the victims of the Rajkot Gaming Zone fire via video call and assured them that the party is with them and will pressure the government to carry out a investigation and compensation.Taking its official name...
New Delhi: Google on Friday extended a pilot program on real-money online gaming for an indefinite period, following which small gaming companies and startups accused the internet giant of engaging in arbitrary and anti-competitive practices.The latest move marks another example of...
New Delhi: According to sources, the GST Council, in its meeting on Saturday, is likely to deliberate on several issues, including taxes on online gaming and the parliamentary standing committee's recommendation to reduce taxes on fertilizers.The 53rd GST Council meeting, chaired by Union...
Ahmedabad, A Special Investigation Team (SIT) appointed by the Gujarat government to probe the May 25 fire at Rajkot gaming ground, which claimed 27 lives, submitted its interim report on Friday to the Minister of State for Interior, Harsh Sanghavi, in Gandhinagar.In its 100-page interim...
New Delhi [India], ahead of the Goods and Services Tax (GST) Board meeting on June 22, which may provide relief to the online gaming industry in retrospective tax demands, a new report has pointed out the impact of the revised GST regime on Paid Online Skill Games.Fantasy games, card games...