Zupee lays off 30% of staff as it adapts to India’s Online Gaming Act

Zupee lays off 30% of staff as it adapts to India’s Online Gaming Act

Online gaming platform Zupee has laid off around 170 employees, or nearly 30% of its workforce, as it reshapes its business to comply with India’s new Promotion and Regulation of Online Gaming Act, 2025. The company said it will now shift focus towards culturally rooted social games and short video content, a move it believes … Read more

Revanth Reddy meets top Japanese conglomerate, bags marquee global investor for Future City

Revanth Reddy meets top Japanese conglomerate, bags marquee global investor for Future City

Chief Minister A Revanth Reddy at a meeting with the senior leadership of Marubeni Corporation in Tokyo, Japan, on Thursday. A world-class, next-generation industrial park will be developed on 600 acres in a phase-wise manner in Future City, Hyderabad, with the proposed investment of ₹1,000 crore by Marubeni Corporation, a leading Japanese industrial conglomerate with … Read more

GST Council Meet today: Insurance tax to online gaming review—what to expect

GST Council Meet today: Insurance tax to online gaming review—what to expect

The 54th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and featuring state finance ministers and tax officials, is set to take place today (September 9). The session will address several critical topics, including the taxation of insurance premiums, proposed rate rationalisations, and a review of online gaming revenues. Taxation on health and … Read more

GST Council to deliberate on taxation of insurance premium, report on online gaming

GST Council to deliberate on taxation of insurance premium, report on online gaming

The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on … Read more

SC notice to Centre on plea by E-gaming Federation against levy of 28% GST on all forms of online real-money gaming

SC notice to Centre on plea by E-gaming Federation against levy of 28% GST on all forms of online real-money gaming

Image for representation purpose only. | Photo Credit: Reuters The Supreme Court on Monday issued notice to the Centre on a plea filed by the E-gaming Federation against the levy of 28% Goods and Services Tax (GST) on all forms of online real-money gaming. A three-judge Bench headed by Chief Justice of India D.Y. Chandrachud … Read more

Social media, OTT, online gaming usage rises: 60% urban kids spend 3 hours daily | Data

Social media, OTT, online gaming usage rises: 60% urban kids spend 3 hours daily | Data

33% urban Indian children were addicted to online gaming such as Minecraft, PUBG, Fortnite, Among Us, FIFA, Fantasy Sports according to a survey conducted by LocalCircles After the COVID-19 period, as children returned to school and face-to-face teaching recommenced, there was an upswing in the use of the Internet for leisure. A recent survey by … Read more