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Mobile Premier League acquires Lumikai-backed CloudFeather

TMT

10 December, 2024

Mobile Premier League acquires Lumikai-backed CloudFeather

Online skill-gaming platform Mobile Premier League (MPL) said Tuesday it has acquired a significant stake in gaming technology innovation company ......

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Grapevine: Boat, Zomato, Brookfield, Porter, Piramal-Bain ARC, Oyo, MPL in news

General

18 November, 2024

Grapevine: Boat, Zomato, Brookfield, Porter, Piramal-Bain ARC, Oyo, MPL in news

Gentari Sdn Bhd has agreed to acquire a renewables portfolio from Brookfield Asset Management, while Zomato has enlisted Morgan Stanley, ......

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Grapevine: General Atlantic-backed firm mulls IPO; NIIF-backed lender seeks funding

General

13 December, 2023

Grapevine: General Atlantic-backed firm mulls IPO; NIIF-backed lender seeks funding

Capital Foods Ltd is weighing the possibility of floating an initial public offering after talks to sell a majority stake ......

Sleuths demand $12 bn in taxes from Indian online gaming companies

TMT

25 October, 2023

Sleuths demand $12 bn in taxes from Indian online gaming companies

Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees ($12.03 billion) in taxes that ......

Offshore online gaming firms must register business in India or appoint proxy to pay tax

TMT

11 August, 2023

Offshore online gaming firms must register business in India or appoint proxy to pay tax

The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint ......

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Picus Capital hires MPL exec as India head, plans Asia expansion

Finance

10 August, 2023

Picus Capital hires MPL exec as India head, plans Asia expansion

Early-stage venture capital firm Picus Capital has appointed a new partner and head of India and Southeast Asia as it ......

Peak XV-backed MPL to lay off 350 employees to "survive" after gaming tax

People

08 August, 2023

Peak XV-backed MPL to lay off 350 employees to "survive" after gaming tax

Indian gaming app Mobile Premier League will lay off 350 employees as it takes steps to "survive" a tax imposed ......

Tiger Global, ChrysCap, Peak XV say gaming tax puts plan to invest $4 bn at risk

TMT

21 July, 2023

Tiger Global, ChrysCap, Peak XV say gaming tax puts plan to invest $4 bn at risk

Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi ......

Government levies indirect tax on online gaming companies

TMT

11 July, 2023

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 ......

Grapevine: Brookfield's biggest green bet in India; OfBusiness forays into food processing

General

11 April, 2023

Grapevine: Brookfield's biggest green bet in India; OfBusiness forays into food processing

Canadian investor Brookfield has agreed to invest $1 billion (around Rs 8210 crore) in Avaada Ventures in what will be ......