MPL to significantly downsize its India workforce after govt's real-money gaming ban
MPL and other real-money gaming firms had suspended contests and games involving money on their platforms after the Parliament passed the online gaming law that prohibits such games.
Ather Energy doubles market share to 17% YoY, unveils new 10-minute fast chargers
Ather has expanded its retail footprint to 416 stores nationwide and plans to reach 700 outlets.
Online gaming law: Karnataka HC to hear Head Digital Works' interim relief plea on September 8
Head Digital Works, which operates the online rummy platform A23 Rummy, had approached the Karnataka High Court on April 28, challenging the constitutional validity of the government's new online gaming law.
Dream Sports-owned Fancode to shut its sports merchandise business by October 2025
Fancode stated that the decision to wind down the merchandise business was made in June this year and the company now intends to redirect all resources towards its core content product.
Amazon, Flipkart await govt clarity on GST reforms before finalising festive sale plans
Shoppers are holding off on big-ticket purchases ahead of the festive sales, anticipating a possible GST cut. Analysts say that a lack of clarity in taxation may lead to sales moving to other channels.
Gaming platform MPL won't contest real-money gaming ban
MPL joins a growing list of companies, including Dream11 parent Dream Sports, Gameskraft, Zupee, and PokerBaazi parent firm Moonshine Technology, which have decided not to challenge the law
A23 owner Head Digital Works moves Karnataka High Court against real-money gaming ban
This marks the first legal challenge to the promotion and regulation online gaming law. The high court is expected to hear the matter on August 30.
After Dream11 and Gameskraft, Zupee says it won't challenge India's real-money gaming ban
Zupee plans to shift its focus to developing online social games and entertainment avenues that "go beyond mere recreation"
99% of Dream11's 260 million users never won or lost more than Rs 10,000 in their lifetime, says co-founder Harsh Jain
Dream Sports CEO Harsh Jain said that regulation would have been the right approach to address the issue of societal impact and financial distress linked to RMG apps, as prohibition is likely to increase the prevalence of a black market.
Nazara, nCore Games, others form new video game association after online gaming law
Indian Game Publishers and Developers Association aims to promote the creation of original Made-in-India IP, bring Indian stories into gaming, and skill-building across the AVGC value chain.
Dream11 co-founder Harsh Jain rules out layoffs after govt's RMG ban, says 'All the talent here is safe'
'We are interested in building with this talent to dig ourselves out of this hole’ said Harsh Jain, the co-founder of the co-founder of Dream Sports, the parent company of embattled fantasy sports major Dream11.
MC interview: “Lost 95% of revenues, 100% of profits, but remain a delusional optimist”: Dream11 founder Harsh Jain on real money gaming ban
Dream Sports CEO Harsh Jain described India's gaming law as an unexpected knockout punch but said he remains “a delusional optimist”, revealing a “two-year cash runway” which would help him retain talent.
Dream11 parent won't fight Indian government over real-money gaming ban, says co-founder Harsh Jain
Fantasy sports platform Dream11, which stopped paid contests last week, accounts for 95 percent of the revenues of Dream Sports and 100 percent of its profits.
Startup Policy Forum forms DeepTech Advisory Board to boost India’s deeptech ecosystem
The board will anchor #100DesiDeepTechs, a national initiative to identify and support India’s top 100 deeptech startups.
Tata Digital to appoint former Google executive Sajith Sivanandan as CEO from September 1
Sajith Sivanandan appointment comes at a time when Tata Digital is attempting to steady its leadership ranks and sharpen its strategy after a series of high-level exits.
WinZO turns to micro dramas, US expansion after India's real-money gaming ban
WinZO's US expansion comes two years after its foray into Brazil in October 2023, following the government's introduction of a 28 percent GST on real-money gaming apps.
Uber CEO says Rapido, not Ola, is its top rival in India
In a teaser clip from Zerodha co-founder Nikhil Kamath’s podcast People by WTF, Khosrowshahi said Rapido has emerged as Uber’s “prime competition
Dream Sports' second innings: Dream11 stops paid contests, pivots to free-to-play games
The announcement from Dream11 parent firm comes shortly after President Droupadi Murmu granted assent to the government's Online Gaming Bill passed in the Parliament.
Quick commerce investments in Flipkart, Myntra pressure Walmart International’s profit margins
Walmart is betting big on 15-minute fulfilment in India, even as rising infrastructure and discounting costs test the profitability of its international arm
D2C brands pile in inventory, double ad spends on quick commerce amid festive rush
D2C brands are rushing to load warehouses, bundle festive SKUs and jostle for visibility on Blinkit, Zepto and Instamart, even as staffing shortages slow down restocking and push up ad costs.
Online Gaming Bill: Dream11 parent firm, Gameskraft, Zupee, MPL begin suspending its RMG offerings
The proposed gaming law explicitly prohibits the offering of online money games or RMG apps, with penalties of up to three years of imprisonment or fines of Rs 1 crore for violations.
Online Gaming Bill: Kavin Bharti Mittal's Rush to exit India following government’s proposed RMG ban
Rush, a casual RMG platform from Kavin Bharti Mittal's Hike, now intends to focus entirely on the United States and other global markets like the United Kingdom, Canada, and Australia.
Start-up Street | The emergence of franchise VC funds
There is a rising investor interest in VC funds due to attractive returns delivered, due to a good exit environment
India’s real-money gaming ban could put $25-billion sector and 200,000 jobs at risk, industry warns
GST losses from offshore gambling operators is pegged at over $4 billion, higher than the $3.5 billion in revenue generated by India's RMG industry, as per industry estimates.
