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Sleuths demand $12 bn in taxes from Indian online gaming companies

TMT

25 October, 2023

Sleuths demand $12 bn in taxes from Indian online gaming companies

Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees ($12.03 billion) in taxes that ......

GST council to meet next week, finalise online gaming tax

TMT

26 July, 2023

GST council to meet next week, finalise online gaming tax

India's Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds ......

Tiger Global, ChrysCap, Peak XV say gaming tax puts plan to invest $4 bn at risk

TMT

21 July, 2023

Tiger Global, ChrysCap, Peak XV say gaming tax puts plan to invest $4 bn at risk

Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi ......

Online gaming firms relocating overseas to avoid tax will be 'risky', says official

TMT

14 July, 2023

Online gaming firms relocating overseas to avoid tax will be 'risky', says official

Indian online gaming firms planning to relocate overseas to avoid a new 28% tax on the sector run the risk ......

Govt to tax incentives by online gaming firms citing winnings

Economy

23 May, 2023

Govt to tax incentives by online gaming firms citing winnings

Bonuses, referrals and incentives offered by online gaming companies to their customers will be considered as part of winnings and ......

India proposes new rules to levy 30% tax on winnings from online games, removes ₹10,000 TDS slab

General

01 February, 2023

India proposes new rules to levy 30% tax on winnings from online games, removes ₹10,000 TDS slab

The government of India has proposed new rules under the Income Tax Act to define online gaming and levy a ......

Gaming platform MPL close to morphing into unicorn after latest Series D funding

TMT

04 February, 2021

Gaming platform MPL close to morphing into unicorn after latest Series D funding

Sequoia Capital-backed fantasy gaming and esports platform Mobile Premier League (MPL) has raised $95 million (about Rs 695 crore) in ......

Flipkart acquires Accel, Blume-backed gaming startup Mech Mocha

TMT

03 November, 2020

Flipkart acquires Accel, Blume-backed gaming startup Mech Mocha

Flipkart has acquired mobile gaming startup Mech Mocha Game Studios Pvt. Ltd, as the online retailer looks to boost user ......

Adar Poonawalla-backed JetSynthesys snaps up gaming studio Nautilus Mobile

TMT

05 October, 2020

Adar Poonawalla-backed JetSynthesys snaps up gaming studio Nautilus Mobile

JetSynthesys Pvt. Ltd, a digital content and technology platform that is part of the diversified JetLine Group of Companies, has ......

Premium
PE-backed gaming firm looks to buy Delta's online poker platform Adda52

TMT

17 September, 2020

PE-backed gaming firm looks to buy Delta's online poker platform Adda52

Gaming and hospitality company Delta Corp is in talks with potential suitors including a private equity-backed game developer to sell ......