GAMING MARKET
Swiggy’s pre-IPO Esop sale; GST & ride-hailing apps
Food delivery company Swiggy will buy back Esops worth $65 million, its fifth such exercise. This and more on today’s ETtech Top 5.
Edtech consolidation; GenAI chatbot hallucinations
Edtech firm Schoolnet has acquired learning app Genius Teacher for an undisclosed sum. This and more on today’s ETtech Top 5.
Gaming industry to grow to Rs 25,300 crore by end of 2024-25: report
The gaming industry is set to grow 20% on year by the end of this fiscal year to Rs 25,300 crore, as per a study by Grant Thornton Bharat. This is in partnership with E-Gaming Federation. The report added that India has left China behind in terms of online gamers, with its number hitting 422 million.
Apple okays Epic Games marketplace app in Europe
Amid a legal battle, Apple approved Epic Games' marketplace app in Europe, excluding Fortnite. Apple rejected the app twice over button designs violating the Digital Markets Act. Epic reported to the European Commission, addressing iOS control concerns. Following Apple’s March policy changes with a core technology fee, developers and antitrust regulators criticized Apple's tight ecosystem control.
Cosmic Kittens (CKIT) increases FOMO in the GameFi community
Discover the lucrative presale opportunities of Cosmic Kittens (CKIT) with bonuses and NFT rewards, attracting early investors seeking high ROI in the blockchain gaming sector's growing landscape.
Premium sneaker stampede sweeps India off its feet and Adidas is game for it
The trend of premiumisation is gaining momentum in the footwear, watches, and gym apparel market, with consumers seeking quality, exclusivity, and a deeper connection with their brands. Adidas and Myntra have seen a 30-40% increase in premium options on their website, reflecting this trend. India's large population aspiring for better products and a natural consumer behavior of constantly seeking improvement are driving this trend.
- Go To Page 1
India likely to overtake Japan to become 3rd largest global market for Sony in 2 years
Sony anticipates India will soon surpass Japan to become its third-largest global market, targeting revenue of Rs 10,000 crore. In 2022-23, Sony India earned Rs 6,353 crore. Managing Director Sunil Nayyar credits growth in premium TVs, audio, imaging, and gaming segments. He predicts India will reach Rs 100 billion in revenue within a few years.
Nodwin Gaming acquires Germany's Freaks 4U Gaming for Rs 271 crore
Nodwin Gaming expanded its portfolio through acquisitions like Branded and Ninja Global. Collaborating with Freaks 4U Gaming on projects like the PUBG Mobile Global Open, the company aims for further growth in the esports and gaming marketing industry.
High taxes, selective bans drive 30% growth in illegal online gambling in India, says study
The illegal betting market, already thriving in India, is expected to grow by 30% in the coming years, as per a new study. Inadequate legal frameworks, selective banning, and high taxation on legitimate online gaming platforms seem to be key factors contributing to this trend.
Nazara Tech inks deal to publish nCore’s FAU-G Domination mobile shooter game
FAU-G, which will be published through Nazara’s publishing arm, had initially seen 50 million downloads but could not stand up to competition from BattleGrounds Mobile India and FreeFire range of games.
UPI boosts RuPay market share; cost pressure for gaming firms
Happy Thursday! The integration of UPI with RuPay credit cards has pushed up new issuances but transaction growth hasn’t kept up. This and more in today's ETtech Morning Dispatch.
Game's Bond, Electoral Bond: Two reforms that India's new government should undertake
All political funding should be routed transparently through electronic means, via UPI, IMPS, Neft or RTGS. Let parties crowdfund themselves. In a democracy, money should move from the people to their parties, not from politicians to voters.
TN law to place time, user curbs on all online games
Tamil Nadu is considering a law to regulate online and real money games, with restrictions on playtime and usage, mirroring the central government's approach. This is being spearheaded by Tamil Nadu Online Gaming Authority (TNOGA); a five-member regulatory authority formed in August 2023.
Cosmic Kittens (CKIT) Crypto presale prepares to be the defining Altcoin in 2024 bull market forecast
Crypto market pundits believe Cosmic Kittens (CKIT) is among the altcoins to watch in the year's second half.
Ronaldo’s Jersey (RONJER) listing on KuCoin spikes major price surge, amid Meme Coins bull trend, will Dogecoin join the list?
With Ronaldo’s Jersey (RONJER) leading the meme coin bull trend, KangaMoon and other meme coins have also not been left behind, promising investors high returns in 2024.
GameStop gains as Roaring Kitty reveals bet in Reddit post
GameStop surged 21% after 'Roaring Kitty' disclosed a $116 million bet on Reddit. Keith Gill's 5 million share holding now worth $260 million, impacting short sellers.
Wall Street drifts to mixed finish after the latest signal of a slowing economy
U.S. stocks mixed as economy slows. S&P 500 up 0.1%. Dow down 0.3%. Nasdaq up 0.6%. Manufacturing shrinks, affecting Treasury yields. Companies struggle with high interest rates. Tech stocks soar. GameStop rises. AMC climbs. Waste Management to buy Stericycle. Bond market sees yield fluctuations. Investors watch economic reports.
Dow slips nearly 1% as markets juggle data, technical glitches
Shares of megacaps including Apple and Meta gained between 0.8% and 2.1%, as yields on the benchmark U.S. 10-year and five-year notes fell around 10 basis points each. GameStop soared 24.1% after a weekend Reddit post from stocks influencer Keith Gill, also known as "Roaring Kitty", showed a $116 million bet on the gaming retailer.
GameStop soars over 70% as 'Roaring Kitty' reveals $116 million bet in Reddit post
GameStop shares surged more than 70% premarket on Monday after "Roaring Kitty" Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
GameStop soars as 'Roaring Kitty' reveals $116 million bet in Reddit post
It was Gill's first post in three years from his Reddit account, where screenshots of his bullish GameStop trades triggered a rush of demand in 2021 for "meme stocks" - often companies with weak fundamentals that gained a cult-like following through social media hype among retail traders.
Meme stock GameStop jumps 17% after raising $933 million in share sales
Meme stock GameStop soared nearly 20% in premarket trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally earlier this month.
Fortnite Chapter 5 Season 3 battle pass, end date: Check Fortnite Chapter 5 Season 4 update details
Fortnite Chapter 5 Season 3 battle pass, end date details have to come to the fore as gamers are eagerly awaiting Fortnite Chapter 5 Season 4 update.
Stock gaming apps under Sebi scanner; ETtech Done Deals
The capital markets regulator is cracking down on illicit gaming apps that offer virtual trading services and fantasy games. This and more in today’s ETtech Top 5.
Time for India to get the investment game right!
Indian households traditionally prefer fixed deposits, gold, and real estate for investments. However, equities, mutual funds, SGBs, InvITs, and REITs offer higher returns over the long term. StockGro aims to educate and empower investors in the equity market. SEBI, NCFE, and RBI play roles in promoting financial literacy and regulating investments.
GME Stock Forecast: Reliable stock price predictions for investors
GME stock set to hit $70 in May, reaching $64.83 on May 14th. Pikamoon surged 700% since March 2024 debut. Analysts predict $100 per GME stock. 2024 forecasts range $13.77 to $17.59. Ryan Cohen's e-commerce strategy crucial. Dogecoin's 2021 surge. Pikamoon's growth potential emphasized. Roaring Kitty's role noted.
Dutch fine Fortnite maker Epic Games for 'pressuring' kids with ads
Dutch authorities slapped a 1.1-million-euro fine on Fortnite maker Epic Games on Tuesday, judging that vulnerable children were exploited and pressured into making purchases in the game's Item Shop. The Netherlands Authority for Consumers and Markets (ACM) hit Epic Games with two separate fines totalling the equivalent of $1.2 million, after finding that underage gamers "could experience pressure in several ways to make purchases."
Turn $1 into $10 in this market resurgence with these discount meme coins
KangaMoon (KANG) excels in presale with a strong community base, Play-to-Earn utility, and growth potential. With a predicted $8856M P2E market, KANG's 400% ROI may surge to 100x on Tier-1 exchanges, offering lucrative opportunities for investors.
Zerodha's Nikhil Kamath advice for parents: Gaming isn't a hobby anymore, its a serious career option
Zerodha co-founder Nikhil Kamath advocates for gaming as a serious career path, emphasizing India's market dominance. He discusses industry trends, including the rise of mobile gaming and increasing female gamers, highlighting the growth in pay-to-play models.
GameStop Shares Surge After 'Roaring Kitty' Reemerges
Amid the market mayhem, hedge funds that bet against meme stocks blew up and trading apps struggled to keep up. The chaos inspired the 2023 film "Dumb Money," directed by Craig Gillespie.
Load More
