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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The rummy and poker platform is the first in the industry to contest the legislation, while most major players have accepted it despite severe revenue losses.
Gaming platform A23’s parent company, Head Digital Works, has filed the first legal case against the Indian government's recent ban on online real-money games. The lawsuit marks a departure from the industry's largely compliant response to the new legislation that has led to significant revenue losses across the sector.
In a filing with the Karnataka High Court, which has been reviewed by Reuters, A23 argued that the new law “criminalises the legitimate business of playing online games of skill” and called it a “product of state paternalism”. The company has requested the court declare the law unconstitutional when applied …
The AI startup’s $100 million ARR claim does not quite add up even as Dream11—forced out of real-money gaming—prepares to take its massive user base into stockbroking.
In one of its worst years yet, India’s largest winemaker is facing headwinds on all fronts and has little by way of a plan.
The loss of business could dent volumes, but should have next to no effect on the bottom line of payment companies
