Akshay Khandelwal and Rahul Singh established Bowled.io, a sports-based social gaming platform primarily catering to cricket fans, in November 2021. The startup is all about connecting fans, be it in Meerut, Manchester, or Melbourne, and has an active customer base of 200,000+ as of now.
The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments to State GST law in their respective assemblies
This Industry Is Making More Money Than Hollywood and the Music Industry Combined — Here's How Your Business Can Get Involved
With mobile gaming revolutionizing product placement and brand awareness, one surprising demographic is leading the charge.
The amendment in GST law and rules as per decision taken by Council in the previous meeting will be put up to Council for approval
Redseer's analysis shows a 24% jump in gross gaming revenue from INR 2250 crore in IPL 2022, and the market has grown at a CAGR of 30% since IPL 2019
The Central Board of Direct Taxes issued circular 'Guidelines for removal of difficulties under sub-section (3) of section 194BA of the Income-tax Act, 1961' shared that anyone who is responsible for paying any income by means of winnings through online games is required to deduct income tax on the net income from the user's account
Under the new rules, real money games involving wagering or betting have been prohibited. Permissible online games are referred to as those games which do not involve wagering, use harmful content, and do not create any addictive consequences for young users.
The CEO, founder and joint MD of gaming unicorn takes us through his journey from being a gamer to building a large diversified gaming company. He is on Entrepreneur India's Digital Cover for February 2023
The company plans to utilise the funds to globally launch its flagship gaming title, Kurukshetra: Ascension, by June 2023
The company will utilise the funds to create a new benchmark in casual games built to high quality for Indian and global audiences
It is advised that social media platforms must also display that a certain online game has been registered with the self-regulatory body
MoS Rajeev Chandrasekhar said that online gaming companies will not be allowed to engage in betting on the outcome of games under the principle laid in draft rules
Traditional games monetize by perpetuating a flow of value where players invest their time and money, only to increase the profits retained by game developers. Conversely, NFTs enable players to capture the value they create within the ecosystem.
According to an EY-All India Gaming Federation Report, it is said that online gaming industry has the potential to generate $2 billion by 2023