MPL
Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%
Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.
Paul McCartney becomes world’s third richest musician, joins billionaire club with $1.4 billion fortune
Paul McCartney has officially joined the billionaire club, boasting a remarkable net worth of $1.4 billion according to Forbes. His fortune is chiefly derived from MPL Communications, which exploits his extensive musical library. Royalties from The Beatles, earnings from tours, and real estate investments further supplement his income. The recent 'Got Back Tour' exemplifies his continued vigor in music.
MPL to slash local workforce as real-money gaming ban wipes out India biz
As a group, India accounted for 50% of Mobile Premier League (MPL) parent M-League's revenue and this change would mean that we will no longer be making any money from India in the near future, the CEO told employees over email.
Gaming app MPL to sack 60% of India staff after real-money gaming ban, source says
Prime Minister Narendra Modi's government this month banned online paid games, citing financial and addiction risks especially among youth, leading to a shutdown of many gaming apps offering paid fantasy cricket, rummy and poker games.
Govt weighs new pilot training system to meet soaring demand
India is contemplating the introduction of the Multi-Crew Pilot Licence (MPL) system alongside the existing Commercial Pilot Licence (CPL) route, with the DGCA scheduled to meet stakeholders to discuss the proposal. This move aims to address the expected surge in pilot demand due to India's rapidly growing aviation market.
MPL-backed Web 3 fantasy platform Striker shuts down operations
The shutdown comes amid several layoffs and closures in the online real money gaming sector, which followed the imposition of a 28% goods and services tax (GST) on the sector.
Startups like MPL tweak compensation structure, Esops amid downturn
Bengaluru-based MPL has introduced a new system aimed at rewarding team performance over individual achievements, changed its Esop (employee stock ownership plan) vesting period from yearly to monthly, and merged fixed and variable pay.
Winzo drags Mobile Premier League to Delhi HC over alleged copyright infringement
Backed by California-based Griffin Gaming Partners, Winzo claims that in March 2022 it found out that MPL had copied one of its proprietary formats 'World War' with an identical name.
Mobile Premier League acquires German games studio GameDuell
The move is in line with MPL’s strategy to expand footprints across key global markets. It already has a presence in Indonesia and the US, and with the deal, it will now boast footprints across three continents. While the financial details weren’t disclosed, GameDuell employees will become a part of the MPL team.
MPL to partner with Econic, UK for new Polyol Technology
MPL has signed a MoU with Econic Technologies to scale their catalyst technology which would enable substitution of fossil based raw materials with captured waste CO2 in the production of polyols.
MPL’s latest funding almost triples its valuation to $2.3 billion
MPL was valued at $945 million in its Series D round which it closed in February this year, as ET had reported. Its pre-money valuation then was about $850 million. Pre-money valuation is a company’s valuation before it receives the funds.
Play Magnus Group, Mobile Premier League forge partnership for MPL Indian Chess Tour
“India is a fast-growing market for chess and the MPL Indian Chess Tour is a fantastic opportunity for young Indian players to shine on both this new national circuit and the global Meltwater Champions Chess Tour,” Andreas Thome, CEO of Play Magnus Group, said.
Adani Enterprises incorporates wholly-owned arm Mundra Petrochem Limited
MPL is incorporated in India and was registered with the Registrar of Companies, Gujarat at Ahmedabad on Monday, it added.
MPL renews RCB sponsorship in two-year deal
The partnership will see MPL continue to be featured on the RCB kit for the upcoming edition of the T20 tournament this year, as well as the 2022 edition.
Mobile Premier League valuation more than doubles to $945 million after $95 million fundraise
MPL claims to have over 50 games across various categories on its Android and iOS applications, and has worked with 28 game developers to publish their games on the platform.
MPL saves the day for BCCI, comes on board as official kit sponsor for Team India
BCCI announced MPL Sports, the athleisure wear and sports merchandise brand from MPL, as the official kit sponsor for the next three years, till December 2023. The Indian cricket board had to extend deadline after it found no bidders for kit sponsorship in September.
BCCI announces MPL Sports as official Kit sponsor for Team India
MPL Sports, the sports merchandise brand from Mobile Premier League -- an e-sports platform -- offers a wide range of sports wear and cricket equipment, along with other accessories such as masks, wrist bands, footwear and headgear.
MPL raises $90 million in funding led by SIG, MDI, RTP
Since its founding in September 2018, MPL has added over 70 games on its platform, working with over 28 game developers and studios. Its user base has grown to over six crore users.
Viacom18 signs MPL as title sponsor for ‘Bigg Boss 14’ post Vivo’s exit
MPL has replaced Chinese smartphone maker Vivo, which ended its two-year deal with ‘Bigg Boss’ amid anti-China sentiments post the skirmish between the two nations at the border.
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