FOREIGN GAMING COMPANIES IN INDIA
MeitY says no mandatory registration for online games without real money
New regulations from MeitY will exempt online games without real money stakes from mandatory registration. Real-money games will undergo stricter evaluation, with banks and payment firms enforcing bans. Competitive e-sports receives a separate classification, and user safety features are mandated.
Refurbished electronics firm Grest secures strategic FDI from Japan’s ICMG
Grest, a refurbished electronics company, has received investment from Japan's ICMG. This marks a significant early-stage cross-border investment in India's recommerce market. Global interest in India's refurbished electronics sector is rising. Industry reports show strong growth projections for used smartphones.
Tesla will bring humanoid robot Optimus to India at appropriate time: Company official
Tesla plans to introduce its humanoid robot, Optimus, to India when the time is right, according to a senior company official. The electric carmaker also intends to bring its integrated energy solutions business to the country in the future. This announcement was made during the launch of Tesla's Model Y in India.
Gaming startup Spill Games raises $3.1 million from Centre Court Capital and PeerCapital
Bengaluru-based gaming startup Spill Games has secured $3.1 million in seed funding from Centre Court Capital and PeerCapital. The company, founded by former PlaySimple Games executives. It plans to use the investment for user acquisition and to develop a diversified portfolio of profitable titles.
Short-term fluctuations, including FDI outflows closely monitored: RBI's Sanjay Malhotra
RBI Governor Sanjay Malhotra addressed financial leaders in New York, assuring them that short-term economic fluctuations are being closely watched. He detailed ongoing reforms aimed at boosting foreign investment and market integration. The Reserve Bank highlighted India's robust economic fundamentals, including low inflation and strong forex reserves, positioning the nation as a rapidly growing global economy.
Global, Indian companies vie for ICC's official cricket gaming rights
Major global and Indian gaming companies are competing for the International Cricket Council's official gaming rights. This competition highlights the growing commercial value of cricket video games. Several prominent companies have expressed interest in the tender process. The ICC is adopting a more structured approach to its gaming rights.
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It's not just war that brought rupee down, it needs better support
The West Asia conflict has accelerated INR depreciation, necessitating a rethink of India's economic fundamentals. Short-term measures include raising domestic interest rates and equalizing onshore tax regulations for asset classes. Longer-term, building world-class universities, encouraging local tourism, and potentially redesigning the INR symbol are proposed to foster resilience and economic growth.
Sony Networks acquires Asian Games 2026 broadcast rights for India
Sony Pictures Networks India has secured India media rights for the 2026 Asian Games in Japan for about $3.5–4 million. The event will air on Sony Sports Network and Sony LIV. With 41 sports, including cricket, the games are expected to draw strong Indian viewership.
Elevated foreign ownership a positive for Indian financial firms: Fitch
Foreign investors are showing increased interest in Indian financial firms. Fitch Ratings notes this can bring long-term capital and better governance. Transactions focusing on internal controls and risk management are key. Investors seek scalable platforms with local expertise. This trend could strengthen standalone credit profiles for institutions like Manappuram Finance and SMFG India Credit.
Apple CEO Tim Cook steps down; HCLTech Q4 report
After 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
Paris Paralympics medalist Avani Lekhara raises issue with Galaxy Z Fold 6 after service center denies help, asks 'What should I do?'
Paralympic champion Avani Lekhara faced service issues with her Samsung Galaxy Z Fold 6, gifted to athletes for the Paris 2024 Games. Despite a global warranty, a Jaipur service center denied repair, citing the phone was purchased abroad. This sparked public criticism of Samsung's warranty policy. Samsung repsonded to Avani Lekhara's concern.
Sony bags Asian Games broadcast rights
Sony Pictures Networks India will broadcast the 2026 Asian Games from Aichi-Nagoya, Japan. The event will be shown on Sony Sports Network channels and streamed on Sony LIV. India achieved a record 107 medals in the previous edition. Cricket will be a key attraction for Indian viewers.
South Korea’s Krafton, Naver, Mirae Asset launch Rs 6,000-crore India-dedicated fund
Krafton, Naver Corporation, and Mirae Asset have launched a Rs 6,000-crore fund for high-growth Indian startups. The Unicorn Growth Fund will invest in sectors like consumer internet, AI, and deeptech. This partnership signifies a long-term commitment to India's technology ecosystem. Mirae Asset Venture India will manage the fund, aiming to build future Indian technology champions.
Foreign betting sites pull a prank on taxman
Offshore gaming firms found a way to use the site name cgst.ahmedabadzone.gov.in to create additional, fake pages, complete with sub-links that take the browser to the actual gaming platforms, in claiming legitimacy of these online casinos.
NSE IPO can unlock Rs 12,000 crore for PSU insurers, boost solvency
The impending listing of the National Stock Exchange is poised to significantly bolster the financial health of three state-run general insurers. Their combined stake in the exchange, valued at approximately ₹11,500-12,000 crore, could improve their solvency ratios by nearly one percentage point, offering a substantial boost to their balance sheets.
EPL: It’s a new league now, says Arsenal manager Mikel Arteta
Arsenal's manager Mikel Arteta believes his players are more convinced than ever of winning the Premier League. Despite recent defeats, including to Manchester City, Arteta sees the team's performance as a positive sign. He said that the league is still open with five games remaining.s
Xbox Game Pass April–May 2026 update: Full list of new games arriving and titles leaving soon
Xbox Game Pass is adding a diverse lineup of games in April-May 2026, including day-one releases like 'Trepang2' and 'Final Fantasy V'. This update brings a mix of RPGs, action titles, and indie gems. However, several popular games, such as 'Dragon Ball Xenoverse 2' and 'Hunt Showdown 1896', will be removed on April 30th.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous for many CICs, particularly those not seeking public market access. The AUM-based approach may present challenges for these entities, especially regarding listing and governance.
FIIs bought 120 Indian stocks in Q4 amid Rs 1.3 lakh crore exodus. What's special about them?
Despite a significant Rs 1.3 lakh cr exodus in Q4, Foreign Institutional Investors selectively increased stakes in 120 Indian stocks. These companies are linked to domestic growth, balance sheet strength or niche industry leadership, indicating continued capital deployment in specific attractive pockets.
India 'extremely high' doping risk: Athletics Integrity Unit
India has been elevated to a list of nations including Russia where there is an "extremely high" risk of doping, the Athletics Integrity Unit said on Monday. "The doping situation in India has been high-risk for a long time and, unfortunately, the quality of the domestic anti-doping programme is simply not proportionate to the doping risk," AIU chair David Howman said.
Indian market faces AI narrative problem; it'll be smallcaps over largecaps for next 5 years: Manish Gunwani
Indian stock market valuations are attractive. However, global investor focus on Artificial Intelligence is diverting capital away from emerging markets like India. Foreign institutional investor flows are expected to remain subdued unless the AI theme slows or India implements significant structural reforms. Bandhan AMC is investing in manufacturing exporters and metals. The IT sector faces a long-term slowdown.
NGOs lose foreign donation nod for failing to use funds
The Indian government is taking action against non-profits holding unused foreign funds. Registrations are being cancelled for organizations that have not utilized foreign donations received years ago. A new bill aims to further tighten controls, potentially freezing funds and restricting asset management for these entities. This signals a shift towards greater accountability in the non-profit sector.
Foreign handles, desi stories: How global creators are decoding India
An American picking up Malayalam. A Korean calling himself Bihari. A Kiwi showing the nooks of India. Foreign influencers are using Indian languages, hyperlocal humour and cultural nuances to connect with the country’s growing digital audience that is curious about seeing itself through firang eyes.
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concerns
Indian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG and OTC pharmaceutical companies, and the phase-out of the GST compensation cess has resulted in a backlog of unusable credits. Additionally, the regulations surrounding free trade agreements are creating barriers.
India's forex reserves up $3.83 billion to reclaim $700 bln mark
India's foreign exchange reserves surged by $3.83 billion to $700.946 billion in the week ending April 10. This increase was primarily driven by a rise in foreign currency assets and gold reserves. Special Drawing Rights and India's reserve position with the IMF also saw modest gains.
Nvidia brings GeForce Now to India in early access, opens the door to high-end cloud gaming
Nvidia's GeForce Now cloud gaming service has launched in India, offering PC gaming without high-end hardware. This move aims to make premium gaming accessible to a wider Indian audience, overcoming cost and hardware barriers.
Mega deals less likely, but media M&A show to stay strong in 2026
Media and entertainment deals will remain strong in 2026. Transactions will focus on content, gaming, sports, and AI companies with intellectual property. Most deals will be mid-sized. The sector saw significant activity in 2025, with deal volumes rising. Value creation will be driven by content, IP, and platform consolidation. Digital advertising will also see more mergers and acquisitions.
Xbox CEO Calls Game Pass ‘too expensive’ in leaked memo: Will prices be cut? Here’s what Microsoft is planning
The move comes after Microsoft significantly increased subscription prices in 2025, with Game Pass Ultimate rising to $30 per month. Other tiers are currently priced at $15 for Premium, $10 for Essential, and $16.50 for PC Game Pass.
Foreign Secretary Vikram Misri arrives in Berlin for India-Germany Foreign Office consultations
Foreign Secretary Vikram Misri is in Berlin for important India-Germany talks. This visit follows German Chancellor Fredrich Merz's trip to India in January 2026. Misri will co-chair discussions with Geza Andreas von Geyr. They will cover trade, defense, technology, green energy, and global issues. Misri also recently met French officials in Paris.
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