Dream11 bucked the trend, doubling installs despite the ban. While most players accepted the law, A23 has legally challenged it. The Board of Control for Cricket in India has announced the reserve prices for the National Team Lead Sponsor rights.

He attributes the selling to private equity investors booking profits from IPOs, rather than a negative view on the Indian market. Arora highlights a global shift towards non-US markets, benefiting India. Defending champions India geared up for the Asia Cup with a rigorous practice session in Dubai, marking their first team training since the England Test series. Key players like Suryakumar Yadav, Shubman Gill, and Jasprit Bumrah participated, with Bumrah’s return to T20Is keenly observed after a break. Team India is preparing for the Asia Cup 2025 in the UAE, commencing September 9. Shivam Dube unveiled the new sponsor-less jersey after BCCI’s contract termination with Dream11 due to the Online Gaming Bill.

Take ownership of the Darnell Bros Garment Factory – where plans for some of Los Santos’ most legendary crimes have been hatched – and use it as a covert ops installation. Partner with Jodi, in addition to a familiar face, your first mate Pavel from The Cayo Perico Heist. Together, you’ll utilise the latest clandestine tech to zero in on some of the city’s preeminent scores in this thrilling new GTA Online update. 28% GST items include luxury and sin items on which a 28% GST rate applies. 12% GST items refer to the items that are subjected to a 12% GST rate.

However, Jain is confident of the investors backing him. The company’s cash reserves provide it with a few years of runway, he added. Dream Sports, the parent of fantasy sports app Dream11, was last valued at $8 billion during its 2021 funding round, when it raised $840 million from Tiger Global, Alpha Wave Global, DST Global, and TPG. The Online Gaming Bill, 2025 triggered a collapse in real-money gaming apps, with downloads plunging 60–95% for MPL, Winzo, and Zupee.

• These GST amounts are derived by multiplying a tax percentage with taxable supply value.
• The sponsorship cycle will run from September 30, 2025, to March 31, 2028.
• This move aims to curb social and financial risks, including money laundering and terror financing.
• These Notifications amend the relevant rate schedules, input-tax provisions, and refund rules to give legal effect to the Council’s decisions.

Google has brought new updates to its AI filmmaking tool Flow, along with a new version of its AI video generating model, Veo 3.1. The company claims that Flow can now make more realistic images at a time when Elon Musk’s xAI is looking to build more robust AI video detection mechanisms in Grok. Uber is testing a new feature in the US which allows its drivers to earn extra money by training Artificial Intelligence (AI) models when they are not driving. The company may rollout this feature to non-drivers in the future. TCS has clarified that it is not working towards any predetermined number when it comes to reducing its workforce. The company’s chief human resources officer said the process will remain flexible and based on continuous evaluation rather than a fixed target.

BCCI’s Devajit Saikia opens up on parting ways with Dream 11 as Jersey sponsors

After the state government’s move to counter online gaming addiction was struck down by the HC, Kerala Police came up with its Digital De-Addiction (DDA) programme for children under 18. Each DDA unit has a psychologist attending to cases related to online gaming and mobile phone addiction. The Union Cabinet on Tuesday cleared a draft bill to regulate India’s booming online gaming and e-sports industry. Executives from the online real-money gaming industry—home to unicorns such as Dream11, Games24x7 and Mobile Premier League (MPL)—warned the move would “severely impact” the sector.

ASUS ROG Xbox Ally and Ally X go on sale with new ROG accessories in India

The GST law defines and classifies goods and services under 5%, 12%, 18% and 28%. However, a few items attract a lower GST rate of 0.25% and 3%. GST rate of 18% GST attracts instead of 12% on the marginal value for sale of old and used Electronically operated vehicles (EVs) at par with other vehicles.

Government proposes dedicated regulator for online gaming under new law

The new version introduces a suite of AI-powered features, performance enhancements, a redesigned user interface, and new security protocols. While most big companies in the RMG space have complied with the new law, one firm, Head Digital Works, which owns India’s top online gaming platform A23, melbet has moved court. While some firms have announced the shutting down of real-money offerings, others are weighing the option of tapping overseas markets where real-money play is legal. For the domestic market, they plan to shift to free, ad-supported contest formats. But this is not expected to keep players looking for financial payoffs, engaged. The Board of Control for Cricket in India invites bids for the Indian national team’s lead sponsor.

Broadcasters and rights holders who relied on fantasy sports advertising will face challenges. The Board of Control for Cricket in India seeks a new sponsor for the Asia Cup. India’s ban on real money gaming sees offshore platforms surge. Illegal sites exploit loopholes, routing money via crypto.