Page 22 - Gaming Industry

Nazara Technologies soars 16% after strong June quarter results

The mobile gaming company reported over 22 per cent year-on-year (YoY) growth in consolidated net profit to Rs 16.5 crore in April-June quarter (Q1FY23)

BGMI delisting from Google, Apple app stores adds to gaming sector's woes

Gaming platforms suggested regulations to address the game addiction, rather than a blanket ban

Google blocks Krafton's battle-royale game in India, cites government ban

Alphabet Inc's Google blocked access on Thursday to a popular battle-royale format game from South Korean developer Krafton, citing an order from the Indian government

Gaming industry seeks govt intervention against tech giants' unfair policy

The skill-gaming industry has sought the intervention of the government to rein in the arbitrary policies of the monopoly global tech-giants

Battlegrounds Mobile game now has 100 million users in India: Krafton

In the last year, the game developer invested nearly $100 million to improve India's local video game, e-sports, and entertainment startups

Game streaming is becoming a serious professional choice for youth

Gamers have to put in 12-15 hours a day when they begin playing new games, since they need to make sure that the audience is entertained as well

Venture capitals reroute funding to Web3.0, gaming startups amid dry spell

A group of former executives from one of the largest cryptocurrency exchanges Binance has also reportedly created a $100 million venture fund

Sony PSVR 2 likely to have at least 20 games, upgraded VR headset at launch

At an investor briefing, the company revealed that there will be at least 20 "major" PSVR 2 games available at the jump

Sony prepares to increase PS5 production, plans games portfolio expansion

The brand has also projected that the sales of PS5 hit 18 million units in the financial year-end in March compared to 11.5 million units a year earlier

Gaming industry in a fix after GoM proposes application of GST at 28%

Indian gaming companies and the industry body representing the industry had made representations for the continuation of an 18 per cent taxation

Sony to soon launch its new revamped PlayStation Plus tiers globally

The company said that the new PlayStation Plus will offer PS3 games to stream and play on PS4, PS5 and PC

Blockchain gaming industry concerned over TerraUSD, Luna crash

Game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna

US chipmaker Nvidia fined $5.5 mn over crypto mining disclosures in US

US SEC's order claims Nvidia misled investors by reporting a huge boost in revenue related to "gaming", hiding how much its success relied on the far more volatile crypto market, reports The Verge

India is on top of the gaming market

Indian gaming firms are using smart technologies to enhance the playing experience

Top headlines: Fall of extreme poverty, regulation of gaming industry

Business Standard brings you top headlines of the day

Govt plans regulator for skill gaming industry to curb money laundering

The government is also reviewing the extant legal framework for the online skill gaming industry

14 gaming ads potentially violated ASCI code in first week of IPL

ASCI's guidelines require real-money gaming advertisements to not be aimed at minors, not present gaming as a source of livelihood or link it to success

India's gaming startup Loco gets $42 mn from South Korea's Hashed, others

India's Loco has raised $42 million led by South Korea's early-stage venture fund, Hashed, as a gaming frenzy takes hold in the country of nearly 1.4 billion people

Nazara to acquire 33% stake in Datawrkz, invest Rs 30 crore in arm

In addition to this, the board of Nazara Technologies has approved investment of up to Rs 30 crore in its subsidiary Next Wave Multimedia

Mobile Premier League forays in Europe with acquisition of GameDuell

With this acquisition, Mobile Premier League (MPL) now has a presence across three continents - Europe, Asia and North America