INDIAN GAMING INDUSTRY SPIRITUAL BOOST
Budget 2024: Will Budget remove the ‘killer’ angel for the sake of Indian startups?
Budget expectations for startups: Ahead of the Budget 2024, the DPIIT has proposed eliminating the Angel Tax for startups to boost capital formation. The department also aims to address the inverted duty structure and high tariffs on electronics inputs. The 'angel tax' issue has sparked political debates, with industry leaders and organizations urging its removal to facilitate startup investments. Startups will await Budget announcements with hopes for measures on angel tax.
International toy fair to begin on July 6; over 100 foreign buyers to participate
Wooden toy maker Gautam said that different categories of toys will be showcased to buyers such as electronics, soft toys, playground equipment and board games. The country's toy exports declined marginally to USD 152.34 million in 2023-24 from USD 153.89 million in the previous financial year, according to a report by economic think tank GTRI.
Top brands bank on 'imported' sales events to boost demand
Back to school sales in India have seen rapid growth over the last five to six years, with the event generating over a fourth of retail laptop sales. This trend is second only to the Diwali festive season's contribution of 30-35%, according to industry estimates. Other 'imported' sales events include small business days, Black Friday, Cyber Monday, Mother's Day, Father's Day, and Valentine's Day.
Auto, auto ancillary sector a good theme to play the rural recovery: Devang Mehta
Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.
Breaking boundaries: Payoneer's game-changing approach to global payments for Indian SMBs—insights from Gaurav Shisodia
In an exclusive conversation with EconomicTimes.com, Gaurav Shisodia, Vice President of Payoneer India, delves into how Payoneer’s innovative solutions empower SMBs. Diving deep into the paradigm of cross-border transactions, Shisodia highlights its role in driving global disruption and positioning Indian SMBs for international success.
Brewtiful game! let's get the b̶a̶l̶l̶ beer rolling
An estimated 2.7 million people are expected to visit Germany for Euro. And, the mantle of giving the German beer industry the much-needed boost seems to falling to the 800,000 British fans, including 100,000 to 200,000 Scots. Devour millions and millions of steins of lager, is what, official sponsor Bitburger and the local brewers are urging them to. The 2006 World Cup too helped beer sales rise 5 per cent in Germany, which had hosted the tournament.
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Double whammy coming for already struggling real gaming companies
Real money gaming companies like Dream11, Games24X7, and Mobile Premier League (MPL) face cost pressures with Google introducing service fees on Playstore listings from July 1.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Why Sebi’s regulatory ambit could boost India's crypto industry
Bringing cryptocurrency under SEBI's regulation could revolutionize India's crypto market. Leveraging SEBI's proven track record in market regulation, investor protection, and technological advancements can foster trust, stability, and growth while ensuring transparency and innovation.
Has India’s toy story started to falter?
After hitting a high of $177 million in the financial year 2022, India’s toy exports are seeing a fall. To add to the pain, imports are also rising.
Beware! Misleading ad-game tricking Indians rather than offering ‘Umeedo Wali Dhoop’?
Advertisements have left a lasting impact over the years, from Amul's iconic "Utterly Butterly Delicious" to Cadbury's memorable ads. However, misleading claims in ads, especially in the digital space, are increasing. ASCI found that 81% of the 8,299 ads evaluated in 2023-24 were misleading. Social media influencers often promote products without proper regulation. Technological advancements and ethical guidelines are needed to ensure transparency and authenticity in advertising, to maintain consumer trust and loyalty.
Sacred Games: How Indian mythology is taking over gaming consoles
Indian gaming enthusiasts now have access to games rooted in Indian history and culture, like managing the Ayodhya Ram Temple's functioning and building the Vande Bharat Express. Players can immerse themselves in the world of the legendary Tamil emperor Rajendra Chola and experience high-speed chases and stealth attacks.
'Broadcasting policy must exclude OTT, online gaming and music': Stakeholders to TRAI
Media and entertainment industry stakeholders are urging the Telecom Regulatory Authority of India (TRAI) to confine its recommendations on the National Broadcasting Policy (NBP) solely to matters within the broadcasting sector. They advocate for the exclusion of non-broadcasting concerns such as OTT, online gaming, film, and music, citing that these areas fall outside TRAI's jurisdiction.
Standout midcap stocks to buy on dips: Deven Choksey
Deven Choksey analyzes market trends, emphasizing the impact of railways on capital goods companies' growth. He recommends seizing buying opportunities during price dips and highlights potential stocks for investment. He says: Choksey further says that selectivity, in the corrective market, one should definitely go for buying fresh into the portfolio.
Groww's reverse flip to India; investors bet on gaming studios
Happy Thursday! Fintech startup Groww has completed the process of domiciling itself to India from the US. This and more in today’s ETtech Morning Dispatch.
Midcaps up M&A game with winds of tech spends revival
Indian IT sector witnesses a surge in acquisitions by firms of all sizes, driven by the need to pivot to new technologies and business models. Smaller players innovate and acquire to become key innovation partners in digital areas.
India's toy exports slip to $152.34 mn in 2023-24; need strategy to push it: GTRI report
India's toy exports saw a slight decline to USD 152.34 million in 2023-24 from USD 153.89 million the previous year. Despite quality control orders, exports did not benefit much. GTRI Founder Ajay Srivastava suggested a more comprehensive strategy to develop the industry and boost exports.
Data streaming company Confluent to boost India headcount by 25%
Confluent plans 25% workforce growth in India in 2024, with a focus on Indian public sector and BFSI. India houses a significant Confluent team for product development, projected to expand rapidly, as the company values cost-effective solutions for large data volumes.
How much do top Indian gamers earn? Their income revealed on Zerodha founder's podcast
India's gaming industry, discussed by 8bit Thug on Nikhil Kamath's podcast, shows both promise and challenges. Top gamers earn well, but many struggle, emphasizing the need for diversified roles. Luck, timing, and strategic skills are crucial. Despite uncertainties, optimism remains for India's gaming future, focusing on talent nurturing and global success.
India Inc bats for IPL to boost team bonding; cos hold match screenings, quiz games to create inclusive work culture
India's IPL fervour has led to organizations like Milagrow, Manipal Hospitals, Olyv, Lendbox, and Revfin bringing the tournament's excitement to the workplace. These initiatives aim to boost team morale, nurture employees' interests beyond work, and create an inclusive work culture. HR heads at Per Annum and Lendbox, Noise, Urban Company, Dream11, Olyv, and Lendbox are organizing match screenings in offices.
How India's rising gaming ecosystem is bringing investment opportunities
With the advent of cutting-edge technologies such as Gen AI, cloud gaming, 5G, and XR, the gaming industry in India is growing rapidly.
Liquidnitro Games raises $5 million in funding round led by Nexus Ventures
The funds will be used to boost capabilities around art, design, engineering, product and marketing, among other things, cofounder Sandeep Kowdley told ET in an interaction.
Real-money gaming companies look for an ace to beat tax blues
Companies are trying out restrictions on the withdrawal of deposits for shorter games like rummy and poker to avoid being hit by repetitive taxation, as goods and services tax is levied every time a new deposit is made.
Ram Mandir sends gaming apps on a temple run
Following the Pran Pratishtha ceremony of Ram Mandir in Ayodhya, a slew of Mandir-focused apps have seen their downloads increase nearly two-fold stoking excitement that the floodgates have opened for gamification of religion and spiritual-focused content.
States get long-term interest-free loans in interim budget to develop iconic tourist spots
Finance minister Nirmala Sitharaman in her speech on Thursday said states will be encouraged to take up "comprehensive" development of iconic tourist centres and undertake their branding and marketing at a global scale. Tourism, including spiritual tourism, has tremendous opportunities, she said. The announcements on spiritual tourism will lead to the creation of job opportunities at the local level, and the decision to provide long-term interest-free loans to states for the development of tourism infrastructure will certainly boost both domestic and inbound tourism, industry body CII said in a statement.
Eruditus plans India flip; Ayodhya boost for spiritual apps
Indian IT majors are eyeing upcoming US federal contracts as several large deals are set for renewal in the next two quarters. While it is still challenging for Indian companies to win these contracts, there is a more positive attitude towards Indian-heritage suppliers.
Spiritual tourism growth comes as a boon for travel companies
Forward travel bookings and queries for Ayodhya are seeing a "strong" response, with flights for January 22 almost 80% booked, said an airline executive. Airline executives pointed out that for short-haul travel, they are expecting about 15% late bookings, primarily in the next five to seven days.
Budget policies in 2024 could boost Indian hospitality industry's prospects
Interim Budget: India's diverse offerings - from cultural heritage to niche tourism like adventure and wellness - continue to lure global travelers. Despite a pandemic setback, the multi-billion-dollar travel sector is resurging, driven by domestic tourism. Government initiatives like Swadesh Darshan and international events like India's G20 presidency bolster the country's reputation as a top leisure, business, and MICE tourism destination.
Now, international platforms wooing Indian gamers with ‘No GST’ messages
These platforms are offering micro-influencers up to Rs 1,000 per post on social media platforms such as X (Twitter), Instagram and Facebook, asking users to switch to their platforms.
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