Media & Entertainment
TMT
Government levies indirect tax on online gaming companies
India on Tuesday decided to impose a 28% indirect tax on the turnover of online gaming companies, a state minister ......
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IPL's enterprise value nearly doubles after viewer fatigue in 2022
The Indian Premier League, the country’s annual domestic cricket tournament, made a comeback in 2023 after witnessing a fall in ......
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Poonawalla-backed JetSynthesys acquires kids-focused news platform
Digital entertainment and gaming company JetSynthesys, on Tuesday said that it has acquired a majority stake in KidzByte MediaTech Pvt. ......
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Lumikai hits halfway mark in first close for new fund
Early-stage gaming-focused venture capital firm Lumikai, which has backed startups like All Star Games, Loco, Crater, Eloelo, Studio Sirah, Bombay ......
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Sony arm keeping 'close watch' on SEBI developments around Zee promoters
Sony Pictures Entertainment said on Wednesday it took "seriously" an Indian regulator's ban on Zee Entertainment's founder and chief executive ......
Economy
Govt to tax incentives by online gaming firms citing winnings
Bonuses, referrals and incentives offered by online gaming companies to their customers will be considered as part of winnings and ......
TMT
Zee insolvency case: NCLT dismisses IDBI Bank's plea
The National Company Law Tribunal (NCLT), on Friday, rejected IDBI Bank's insolvency plea against Zee Entertainment. The bank had applied ......
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Madhusudan Kela's family office picks up stake in digital media firm
Singularity Ventures, a family office of Madhusudan Kela, former Reliance Capital executive turned investor, has invested in a digital media ......
TMT
Goldman Sachs-backed Nextiva snaps up Bengaluru firm
Conversation firm Nextiva on Thursday said it has bought Bengaluru-based social media analytics startup Simplify360 for an undisclosed amount. Arizona-based Nextiva ......
TMT
Baring PE-backed VideoVerse marks first acquisition
Software-as-a-service (SaaS)- based video editing platform VideoVerse (formerly Toch.ai) has acquired artificial intelligence-backed content creation and social media distribution firm ......
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