Gaming Industry

Consumer org COF seeks probe into activities of online gaming firm RARIO

Consumer Online Foundation, a consumer rights organisation, has written to the finance minister to investigate the activities of a cricket collectable and gaming platform, RARIO, for alleged violation of tax laws with respect to cryptocurrencies, an allegation denied by the company. The letter by Consumer Online Foundation (COF) alleged that RARIO is engaged in unfair trade practices that infringe on the rights of consumers. RARIO refers to itself as a company engaged in the buying and selling of digital player cards and does not disclose on its website that it is in reality an NFT and cryptocurrency platform, the COF alleged. However, RARIO said, "We adhere to all the KYC requirements and fully comply with the applicable laws, including taxation." The letter alleged that the company has been engaging in unethical marketing practices and misleading customers in all of its transactions. "Customers purchase player cards in either INR or USD currency, which are loaded into their 'RAR

82% of Indian gamers want mythology theme; women play more than men: Study

The report highlights that 64% of paying gamers make in-app purchases; 50% of Indian gamers surveyed are between the ages of 18-30

Fantasy gaming revenue to go up 25-30% during ongoing IPL: Redseer report

Transacting users in this IPL is expected to grow by 25-30 per cent, with 60-65 per cent of them coming from tier-II cities and beyond

NODWIN Gaming's Singapore subsidiary acquires 51% stake in Branded

Branded also produces It's A Girl Thing, an empowerment platform and touring festival for young women and Creator World, one of Asia's newest event platforms for young influencer

Top Headlines: Net direct tax collection exceeds RE, chip shortage & more

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iQOO Z7 5G review: A thin-and-lightweight phone good for gaming experience

Keeping aside its design shortfalls, the new iQOO Z7 5G facilitates smooth performance for regular use, besides being a delight for gamers

Paid competitive gaming growing 6x faster than overall mobile gaming: RPT

A report on Friday showed added that consumer spending on games has gone up by around 40 per cent in the last three years

Kapil Rathee elevated to the position of co-founder of Junglee Games

In 2017, Rathee was promoted to the position of Junglee's chief product officer (CPO) and then to the president in 2018

Nazara Tech jumps over 3% on buying majority stake in Pro Football Network

Brokerage firm ICICI Securities has a 'Buy' rating on the stock with a target price of Rs 700 per share.

Gaming apps can help identify ongoing problems of traumatic brain injuries

Gaming apps can help identify ongoing problems with navigation -- a common long-term symptom of traumatic brain injuries (TBIs) -- making these issues easier to diagnose and treat, claims a study

WinZO to invest $50 mn in gaming ecosystem as part of Game Developer Fund

Gaming startup WinZO plans to invest USD 50 million (about Rs 410 crore), in the global gaming ecosystem as part of its flagship Game Developer Fund, the company said on Monday. The company expects to invest at least USD 10 million of the fund in US-based startups as part of the programme. "Indian gaming startup WinZO announced the fourth edition of its flagship Game Developer Fund with the largest ever corpus of USD 50 million to support the global gaming ecosystem. It expects to invest at least USD 10 million of the fund in US-based startups," the company said in a statement. WinZO is looking to invest the fund in startups across all forms of interactive entertainment-- game developers and publishers, economies around gaming, content creation, live-ops, and security. The games cover diverse genres from casual, action, sports to mid-core multiplayer games such as tennis, golf, more. "Given our platform play at WinZO where we have access to the performance of over 100 games by mor

Right taxation, regulation to help make India a gaming hub: Report

The online gaming sector is a rapidly growing industry that has potential of contributing significantly to the country's goal of becoming a USD 1 trillion digital economy, generating substantial employment, and fostering innovation, a report said. Regulation of online gaming will not only open up economic opportunities but also address various social issues, a report titled 'Online Gaming in India: The Taxation Quandary' by Primus Partners said. Announcements in Union Budget 2023-24 are positive for the sector as it has addressed the persistent ask to incorporate the offset of losses in the calculation of gains from online games for income tax, it said. A pertinent issue relating to the implementation mechanism proposed in the Union Budget for TDS (Tax Deducted at Source) on online games has been highlighted in the report. "The issue has arisen due to amendments to section 194B under which online gaming is currently covered from April 1, 2023 and the separate provision on online ..

Epic Games to launch its 'Unreal Editor for Fortnite' on March 22

UEFN works parallel with the game's existing "Creative toolset", and also teams of creators can work together across PC and console to develop and test islands in real-time

Int'l Women's Day: Participation in gaming rising but still long way to go

International Women's Day 2023: Despite all the developments in the gaming sector, the representation of women in leadership positions remains less impressive

Online gaming sector hails govt's move to make IT ministry as nodal agency

The Federation of Indian Fantasy Sports hailed the Union government's move to appoint the Ministry of Electronics and Information Technology (MeitY) as the nodal point for regulations in the online gaming sector. In its meeting here on Friday, the FIFS, formed in 2017 to create a thriving ecosystem for users and operators of fantasy sports, said it will help the sector, which contributes extensively to the country's economy. The meet was attended by Goa transport minister Mauvin Godinho, FIFS chairman Bimal Julka, director general Joy Bhattacharjya, and heads of several online gaming firms. Addressing the meet, Godinho said Goa was keen on attracting investments from the online gaming sector as the state is the best place for innovation. The meet deliberated on regulations for the online gaming industry in the Union Budget, the future of the Animation-Visual Effects-Gaming-Comics (AVGC) sector, and the appointment of MeitY as the nodal ministry for skill-based online games, an FIFS

Amazon reveals Prime Gaming's free titles for 'March 2023' lineup

On the other hand, in the first-person tactical hero shooter game 'VALORANT', players can claim the Doomscrolling spray until March 23, the company said

Amazon's cloud gaming platform 'Luna' may add Epic Games' Fortnite

Luna dropped 53 games, including titles like 'Snake Pass', 'Retro Classic: Gate of Doom' and 'Bridge Constructor Portal'

India Gaming Show 2023 back offline after 4 years today: Details here

IGS 2023 will have several events like an exhibition, meet and greet, cosplay, product launches, product demonstrations and awards

Epic Games alleges Google not complying with Indian antitrust order

In October the agency said Google exploited its dominant position in Android in India, where 97% of smartphones run on the operating system

Samsung launches new range of gaming monitors, starting at Rs 75,000

he latest monitors include -- Odyssey OLED G8, Odyssey Neo G7 and Odyssey G7