Page 18 - Online Games

Games people play: Skill or chance? Tax rates will differ, say experts

Any income arising from a game of any sort, which does not involve any skill, is taxed at the rate of 30 per cent

Blanket 28% GST could hit online gaming badly in India, says industry

The country's gaming industry is currently estimated at $1.5 billion

GST Council may treat fantasy games on a par with gambling, taxed at 28%

GST Council is likely to consider system-led enforcement reforms

Andhra teen kills self after friends mock him over defeat in PUBG

The 16-year-old felt reportedly humiliated after his friends mocked him when he lost the online game and allegedly hanged himself to the ceiling fan

Ordinance against online card games expected soon: Tamil Nadu Govt

Pointing to continuing incidents of some people ending their lives after losing money in card game 'rummy,' played online, Chief Minister M K Stalin has ordered setting up a panel

16-year-old Hyderabad boy loses Rs 36 lakh by playing mobile games

16-year-old boy lost a whopping Rs 36 lakh by playing online games on mobile phone

Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon

Business Standard brings you the top headlines this morning

KYC norms likely for online skill gamers to curb money laundering

If platforms facilitating online gaming with stakes are brought within the PMLA's purview, such companies would have to follow the know your customer (KYC) norms while onboarding users

Game-streaming platform Loco raises Rs 330 cr in Hashed-led funding round

All investors from Loco's seed round, including Krafton, Lumikai, and Hiro Capital, also participated in this funding round

Govt is aware of possible risks associated with online games: MoS IT

The government is aware of risks and user harms linked to online games involving money transactions, but information technology ministry has no proposal to bring them under the category of gambling

MP to bring law to regulate online gaming after 11-yr-old commits suicide

Home Minister Narottam Mishra said the state govt will bring an act to regulate online games after an 11-yr-old boy allegedly committed suicide in Bhopal due to his addiction to an online mobile game

MPL signs MoU with Telangana to set up game development centre

Mobile Premier League, an online gaming platform, will set up a game development centre in Telangana employing 500 youths in the state.

Gaming giants lose $60 billion on China's sermon against profit

Regulators slow down nod for new online games; warning against metaverse stocks, too

Online gaming gets court relief in TN but there may be other legal battles

Relief by the Madras High Court on the Tamil Nadu government's ban comes as a booster dose for the Rs 7,700-crore online gaming industry but could be a precursor to legal battles in other states

Gaming for fun or killing the boredom, honing skills or making some money

Once frowned upon, gaming has acquired universal acceptance, with housewives, students and working professionals taking to it. Beware of the pitfalls, though

Cyberpunk 2077 returns to PlayStation Store with warning for PS4 owners

More than six months after it was removed, Cyberpunk 2077 has returned to Sony's PlayStation Store but with a big warning for PS4 owners.

Online gaming industry to worth Rs 29,000 crore by FY25, says KPMG

Overall growth in digital consumption sophistication has helped online gaming become a mainstream entertainment option.

Tencent sued over 'inappropriate' content in Honor of Kings game

Beijing Teenagers Law Aid And Research Center said it filed the lawsuit in a Beijing court on Tuesday, to mark the implementation of an amended protection of minors law

Battlegrounds Mobile India pre-registration begins on Google's Play Store

The game requires devices based on Android 5.1.1 operating system with at least 2GB RAM

MPL looks to add 3 cr users during upcoming IPL cricket tournament

E-sports platform Mobile Premier League (MPL) on Wednesday said it is looking to add about three crore new users during the IPL cricket tournament that kicks off next month