Page 15 - Gaming Industry

Aftershocks or warning signs: Gaming firms on thin ice, slim margins

However, Dhruv Garg, a technology lawyer and head of the All India Gaming Federation, is of the view that smaller firms stand to be impacted the most

IAMAI urges GST Council to tax gaming platform fee, not full face value

The Internet and Mobile Association of India claimed that the new GST rules are not aligned with best global practices and may place Indian gaming companies at a disadvantage

GST Council was unanimous in its decision, says revenue secretary

The government's decision, announced late on Tuesday, created an uproar in the $1.5 billion industry, with shares of casino operator Delta Corp & other online gaming firms plunging in Wednesday trade

Gaming platform Dream11 set to be Indian team's principal jersey sponsor

When people associated with Dream11 were contacted, they cited that certain protocols are in place before they can make a formal announcement of the deal

Despite slowdown in PC business, gaming segment continues to be robust: HP

While there has been a slowdown in the overall personal computer business, the gaming segment has continued to record robust growth, a senior HP India Official said on Thursday. HP India Senior Director (Personal Systems), Vickram Bedi on the sidelines of the launch of a new gaming PC from the company said that apart from gamers, high-end content creators are also opting to buy gaming laptops which is expanding the market base. "Post pandemic we have seen overall numbers (PC sales) have slowed a little bit but gaming continues to be robust and we are growing faster than the market," Bedi said. At the event , Bedi announced launch of Omen and Victus gaming devices for all types of gamers in India. The new range includes OMEN Transcend 16, OMEN 16, and Victus 16 laptops at price range starting from Rs 59,999 apiece. HP's high end gaming PC OMEN Transcend 16 Laptop will be available at a starting price of Rs 1,59,999.

Gaming-focused VC firm Lumikai launches second fund worth $50 mn

Fund will take bets in pre-seed to series A start-ups with an average ticket size ranging between $200,000 and $1.2 mn

Microsoft, US regulators head to court over $69 bn Activision Blizzard deal

Microsoft on Thursday will try to gain clearance to complete a USD 69 billion takeover of video game maker Activision Blizzard in a legal showdown with U.S. regulators that will reshape a pastime that's bigger than the movie and music industries combined. The battle will pit Microsoft's ambition to expand its video game imprint beyond its Xbox console against the U.S. Federal Trade Commission's bid to block a deal that it contends will stifle competition and innovation to the detriment of consumers. It's the latest twist in a deal that was announced 17 months ago. Both Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick are expected to testify at some point during five days of hearings in San Francisco before U.S. District Judge Jacqueline Scott Corley that will conclude June 29. FTC lawyers will call upon experts and a top executive for Sony, the maker of the industry-leading PlayStation video game console, to show why Microsoft will gain an unfair advantage if it

Millions hooked to mobile games, India to become $7 bn market by 2025

As per CMR, around 5 in 6 smartphone users play games on their smartphones for stress relief (44 per cent) and leisure (41 per cent), and often immerse themselves in another character (26 per cent)

WinZO crosses 40 bn micro transactions in FY23, aims for 55 bn in FY24

Homegrown online gaming platform WinZO on Tuesday announced that the company surpassed 40 billion micro transactions in FY23 and aims for annualised micro-transaction volume of 55 billion in FY24

Samsung announces Odyssey OLED G9 series curved gaming monitors: Details

Powered by a Neo Quantum Processor Pro, the Odyssey OLED G9 features AI upscaling and boasts response time of 0.03ms

WinZo saw 40 bn micro-transactions on its platform in FY23, mostly via UPI

The company added that it contributes to at least one out of every 250 UPI transactions that occur in India and accounts for over 30 million UPI transactions per month

US FTC files injunction to halt Microsoft's Activision deal: Report

The US FTC has applied for a "temporary restraining order" and preliminary injunction seeking to block Microsoft's acquisition of Activision Blizzard before the deal's July 18 deadline, media reported

Winzo created over 100,000 jobs in gig economy, 70% from tier 2,3 cities

Winzo's user base is expected to touch 450 million at the end of FY24 and it aims to take it to 700 million in the next five years

Gaming startups form two regulatory bodies; to hold talks with govt

The Ministry of Electronics and Information Technology will make the final decision on the number of self-regulatory bodies and the composition of their boards of directors

Online gaming emerging as a viable source of income in India, shows study

83% of respondents consider gaming as either a primary or secondary source of income, according to the study

Nvidia set to become first US chipmaker valued at over $1 trillion

Nvidia's shares rose about 25% last week sparking rally in AI stocks and boosted other chipmakers, helping the Philadelphia SE Semiconductor index close on Friday at its highest in over a year

Battlegrounds Mobile India available to play with new BGMI 2.5 updates

The BGMI game is live now with the new BGMI 2.5 update. The major changes include the Tropical Thrills of Nusa, check below to know more such updates.

Gaming firms hail CBDT's online gaming TDS clarifications on bonuses & sops

TDS not to apply if bonuses are used only for playing, or if net winnings do not exceed Rs 100 a month, or if balance in the user account is not sufficient to discharge tax deduction

Nazara's Nodwin Gaming raises $28 mn of equity investment from 5 investors

Funds will be utilised for IP development, geographic expansion and M&A

Gaming emerges as top violator as digital scrutiny intensifies: ASCI report

Digital ads have emerged not just as a leading violator with 75 per cent of ads processed being from the digital space, but also as the least compliant, the Advertising Standards Council of India said