NAZARA
Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp
Indian equity benchmarks closed higher on Friday, with significant gains recorded in the Nifty 50 and BSE Sensex. Several major companies, including Reliance Industries and Jio Platforms, published positive quarterly earnings results. Reliance Industries saw a 41% increase in net profit, supported by strong performances in various sectors. Other companies like Sun Pharma and Indian Oil Corporation also reported significant changes in their net profits.
Nazara swings to Rs 35 crore net profit as revenues rise 53%
The company also swung to a net profit of Rs 35 crore compared to a loss of Rs 34 crore in the year-ago quarter, which was impacted by provisions against investments in real-money gaming companies following the August 2025 ban.
Kae Capital launched a $25 million fund in 2012; 13 years later, Porter and HealthKart had helped it deliver more than 5x returns
Kae Capital’s $25 million bet on Indian startups in 2012 has paid off years later. Porter alone returned more than twice the fund’s original size, while HealthKart returned an amount equal to the entire fund. Together, the investments helped deliver multiple times the original capital, which shows the value of early startup investing.
The Rs 1.5 lakh crore MTF problem: How shrinking leveraged positions are deepening India's smallcap sell-off
India’s smallcap sell-off is intensifying as margin trading facility (MTF) positions decline from record levels. With nearly Rs 72,000 crore exposed to smallcaps, forced liquidations could deepen losses, although SEBI safeguards may limit systemic risks.
Stocks in news: Infosys, Kotak Mahindra Bank, YES Bank, Raymond, BPCL, Coforge and Senco Gold
Indian equity markets have faced a decline for four consecutive sessions, with the Nifty falling significantly. Various factors, including selling by foreign investors and rising crude oil prices, have contributed to this downturn. Notable stocks such as Infosys and Kotak Mahindra Bank have attracted investor attention due to their quarterly earnings. Upcoming developments may influence market sentiment further as investors remain watchful.
D-Street's margin-funded stock bets fall as smallcap rally falters
Retail traders in India are reducing their leveraged bets on stocks as the market showcases a decline. Recently, borrowed positions dropped to 1.56 trillion rupees after a record high in September. The NSE 500 Index has decreased almost 9% from its peak, pushing small- and mid-caps down significantly. Furthermore, higher interest rates and persistent oil prices have added pressure to the equity market.
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Meta appoints Ravi Garg as APAC enterprise business MD
Garg spent more than five years at WhatsApp, serving as country director of India for business messaging and payments from July 2021 to September 2026, Meta said on Wednesday.
Sarvam plans big fundraise; HCLTech's Q2 profit jumps
Happy Tuesday! Sarvam is in talks for a big round that could double its valuation to $3 billion. This and more in today’s ETtech Morning Dispatch.
Oil Price Today (October 13): Crude oil falls to $105 as traders assess Russian supply, Mideast attacks. What’s next?
Brent crude futures fell 61 cents, or 1.05%, to $105 a barrel, while US West Texas Intermediate crude futures declined 92 cents, or 1.05%, to $93 a barrel. Brent settled at $106.65 a barrel on Monday, its highest level since September 15. Oil prices have surged more than 70% this year as the US war on Iran rattled global energy markets.
Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCON
Indian stock markets struggled on Monday, as the Nifty 50 saw a considerable drop. The falls were attributed to increasing bond yields, consistent outflows from foreign institutional investors, and pervasive global concerns. Attention now shifts to forthcoming announcements from major players like HCL Technologies and RBL Bank, with quarterly earnings expected to influence investor outlook.
Nazara founder Nitish Mittersain steps down as MD; Caratlane’s Sacheti appointed executive director
Mithun Sacheti, cofounder of jewellery retailer CaratLane, who became a co-promoter of Nazara last year, has been appointed executive director. Sacheti will oversee strategic initiatives and operational responsibilities assigned by the board, the filing said.
Physical AI startups moot industry body to set data-collection standards
The proposed body could also help AI labs connect with various farms, factories, hotels and other real-world environments from where they can access and collect data needed to train robots at a fixed rate, one of the founders said.
Voice AI models struggle to understand speech, creating challenges for robot training: Humyn Labs
Voice AI models frequently encounter hurdles when it comes to grasping the intricacies of human speech. Variances in dialects and overlapping conversations can lead to significant transcription inaccuracies. Furthermore, extended silences may disrupt the models' ability to retain contextual relevance, undermining performance. This lack of precision can diminish user satisfaction and impact automation in real-world AI settings, making effective voice processing essential for collaborative robots working with humans.
Up to 152X return! Rentomojo IPO delivers eye-popping gains to Nitish Mittersain, other early backers
Rentomojo’s stock market debut has turned into a major windfall for early investors, with Nazara Technologies founder Nitish Mittersain set to clock a 152X return on his investment based on the IPO’s upper price band. Several other early backers, including Accel India, Madison India and Rajeev Chitrabhanu, are also poised to unlock multi-fold gains following the company’s listing on Thursday.
NODWIN Gaming expands into mainstream sports with new division
NODWIN Gaming launches NODWIN Sports to build mainstream sporting properties and events. This new division will focus on new-age sports and mass-participation lifestyle events. Gurbaksh Singh Virdi has been appointed vice president to lead the expansion efforts. NODWIN Sports aims to leverage existing content and community engagement capabilities. The company seeks to become a broader youth entertainment and live experiences provider.
India's physical AI boom spawns a new class of robot workers
Data collection related to basic human activity and on the shop floor was the first layer, and is well documented, but now teleoperators, robot operators, field workers, data annotators, supervisors and robotics technicians are emerging as the next layer, according to physical AI startups such as Humyn Labs, Neo Cambrian AI and Modal Robotics.
Rentomojo IPO may unlock 152x gain for Nazara Tech founder Nitish Mittersain
Rentomojo, the furniture and appliance rental company, is gearing up for a significant IPO, poised to raise over one thousand crore rupees. Nitish Mittersain stands to gain immensely, potentially realizing a staggering 152-fold return on his investment through the sale of some shares. The firm intends to utilize the proceeds from the fresh issue for debt clearance and boosting operational capacities.
Nifty may be in accumulation phase, says Anand James; Ather, Nazara top bets
Nifty’s September series begins with a cautiously positive undertone, with options positioning indicating support at 24,000–24,100 and resistance at 24,200–24,500. A decisive breakout could trigger further gains, while a break below 24,000 may invite downside. Meanwhile, Ather Energy and Nazara Technologies remain among the top stock picks, with analysts seeing further upside after recent bullish breakouts and strong momentum.
Nazara to raise Rs 733.5 crore via preferential issue to Bluetile, BestPlay leadership
The fundraise comes just after a leadership change with founder Nitish Mittersain stepping down as chief executive from September 1 while continuing as managing director, with Raymond Albaladejo Stauffer, founder and former CEO of Bluetile and BestPlay, taking over as CEO.
Gaming firm Nazara posts Q1 loss; Nitish Mittersain steps down as CEO
Nazara Technologies reported a revenue decline and net loss for the June quarter. The company announced founder Nitish Mittersain will step down as CEO. Raymond A. Stauffer will take over as the new chief executive officer. Nazara also revised terms for its acquisition of Bluetile Games and BestPlay. The gaming firm raised funds earlier this year to support its acquisition strategy.
Nazara CEO Nitish Mittersain steps down; Raymond Albaladejo Stauffer takes over
Mittersain will now focus his efforts as MD on shaping the company's long-term strategy, portfolio direction, strategic partnerships, and key stakeholder engagement.
Nazara Technologies acquires UK’s console gaming publisher Curve Games for Rs 247 crore
This acquisition, the company's largest international deal, gives Nazara complete ownership of Curve, which has a strong portfolio of indie games such as Human Fall Flat, For the King, and Lawn Mowing Simulator. These titles have collectively clocked over 100 million downloads globally.
Nazara to add Rs 800-1,000 crore to M&A war chest: Nitish Mittersain
Nazara Technologies is targeting global gaming studios with established intellectual properties, strong teams, annual revenue of around Rs 100 crore and an earnings margin before interest, taxes, depreciation and amortisation (Ebitda margin) of at least 20% for acquisition.
Nazara Tech acquires 47.7% stake in PokerBaazi parent in Rs 832 crore deal
Nazara Technologies has acquired a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 832 crores. Nazara will also inject Rs 150 crore into Moonshine. This move aims to strengthen Nazara's position in India's gaming market. PokerBaazi is a leading online poker platform with around 340,000 monthly active users.
Nazara acquires 15.8% stake in esports firm Stan for $2.2 million
In recent months, Nazara has made several acquisitions, particularly through its esports and events arm, Nodwin, including events firm Comic Con India, West Asia and Turkey-focused marketing firm Publishme, Singapore-based events firm Branded and Turkish esports and gaming firm Ninja Global.
Nazara Tech partners Telangana govt for AI centre of excellence
Nazara Technologies has partnered with the Telangana government to set up an AI centre of excellence focused on gaming and digital entertainment. The initiative will drive research, development, and innovation in areas like interactive media and gamified learning, leveraging technologies such as AI, VR/AR, blockchain, and Web 3.0.
Nazara Technologies acquires full ownership of Kiddopia publisher Paper Boat Apps in Rs 300 crore deal
Nazara Technologies is also exploring plans to merge Paper Boat Apps into the company to integrate Kiddopia into its platform, allowing the company to benefit from its healthy cash flow, according to a stock exchange filing. "In terms of additional acquisitions, Nazara is well positioned to acquire gaming studios and we are in advanced conversations with many other studios as well," Nitish Mittersain, CEO of Nazara Technologies told ET.
Nazara Tech shares jump 7% after Singapore arm acquires PublishME for $2 million
Today's gains are on the back of a fall witnessed by Nazara shares over the past three trading sessions.
Nazara acquires skill gaming platform OpenPlay for Rs 186.4 crore
OpenPlay operates a multi-game consumer gaming platform under the ‘Classic Games’ brand that hosts skill based games. The company currently has an annualised gross gaming revenue run rate of Rs 80 crore and is operating on EBIDTA positive margins, Nazara said.
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