Declare as they arrived, A brand-new India is taking off, speeding toward uncharted territory and a brighter future. Using tomorrow’s innovations to address current issues, the country’s innovators and entrepreneurs are setting the standard. Leap To Unicorn, a startup mentorship and funding program developed by IDFC FIRST Bank in partnership with Moneycontrol and CNBC-TV18, has given the talented entrepreneurs the platform they truly deserve. It contributed to bringing attention to India’s top 100 companies.

Union Budget 2022: Section 94(8) of the Income Tax Act prohibits bonus stripping by tax payers by taxing bonus units of mutual funds. The restriction did not, however, apply to company bonus equity shares. That changes with the Budget.

According to Hella India’s report, income increased by a healthy 42%, from 61 crores in 2022 to 87 crores in 2023.From 16 crore in 2022 to 26 crore in 2023, the pat has climbed by 62%. As well, the eps has increased from 53 to 86.

Markets regulator Sebi plans to change its rules to force unlisted companies to make more disclosures, including on related-party and financial transactions at the group or conglomerate level.Private companies in India are not required to make rigorous disclosures related to their financials or other material changes in the same way public companies are. This also applies to conglomerates that may have both listed and unlisted units.

Aanjjan Srivastava, who has been a popular television and film personality, recently opened up about his bond with Bollywood’s megastar Amitabh Bachchan. Srivastava, who has completed several decades in the industry, has seen the many phases of the superstar, including his rise, fall, and later the road to superstardom. In a recent interview, he recalled the 80s and the 90s when Amitabh Bachchan was going through a low phase in his life.

The Securities and Exchange Board of India (Sebi), the market regulator, announced on June 28 that it would shorten the current T+6 listing schedule following an initial public offering (IPO) to three days after the issue’s closure. The issue ends for the subscription on day ‘T’. The amended T+3 day deadline will be implemented in two stages, starting with optional application for all public issues opening on or after September 1, 2023, and moving to mandatory application on or after December 1, 2023, according to Sebi.

According to Nitish Mittersain of Nazara Technologies, “We are also considering attractive acquisitions that we will make this year in both of these segments to scale our business and possibly increase our margins.”What are the prospects, then? Let’s talk briefly about your overall margins as you’ve stated that you’re considering growing aggressively. Is anything currently planned, and how would that affect your margin situation as a whole? Yes, the company has grown significantly in the first nine months, and we are currently on track to exceed our margin targets for this year as we had earlier guided. Nazara’s revenue has increased by 80%, therefore we are pleased with the company’s overall revenue balance and speedy revenue. growth 

NFL news outlet Pro Football Network Inc. in the US has been acquired by sports media source Sportskeeda, a fully owned subsidiary of Nasdaq gaming firm Nazara Technologies. On March 22, Sportskeeda acquired 73.27% of Pro Football Network in an all-cash acquisition for $1.82 million through Absolute Sports, another wholly-owned subsidiary of Nazara.

The Mumbai bench of the National Company Law Tribunal vide order dated
October 27, 2020 had allowed the petition filed u/s 66 of the Companies Act, 2013 read with National Company Law Tribunal (Reduction of Share Capital of the Company) Rules, 2016 by Syngenta India Private Limited (formerly known as Syngenta India Limited’) [hereinafter referred to as the Company’] to reduce the issued, subscribed and paid-up equity share capital of the Company by cancelling and extinguishing the equity shares to the extent of 3.59% (Three point Five Nine per cent.) of the total issued, subscribed and paid-up equity share capital, comprising 11,81,036 (Eleven Lakh Eighty One Thousand and Thirty Six) equity shares of INR 5/- (Indian Rupees Five only) each held by the non-promoter shareholders of the Company and by discharging consideration of INR 2,445/- (Indian Rupees Two Thousand Four Hundred and Forty Five only) per equity share to the non-promoter shareholders whose names were registered with the Company as on November 11, 2020 (‘the Record Date‘),

Digital gaming and sports platform Nazara Technologies reported on March 12 that two of its step-down companies, Kiddopia Inc. and Mediawrkz Inc., have cash balances there amid the shocking collapse of US-based Silicon Valley Bank (SVB), the main supplier in the startup scene. The aggregate balances held by the subsidiaries with SVB are $7.75 million (approximately Rs 64 crore). Mediawrkz Inc. is a subsidiary of Datawrkz Business Solutions Private Limited, while Kiddopia Inc. is a subsidiary of Paper Boat Apps Private Limited, which is owned 51.5 percent by Nazara (owned 33 percent by Nazara).

In what could be a big blow to the broking industry, and a painful affair for mutual fund companies, the Securities and Exchange Board of India has proposed that mutual funds get membership on stock exchanges, and do trades through their own trading terminals, two senior MF officials with knowledge of the matter told Moneycontrol.

The meteoric rise of the Café Coffee Day brand is still hailed as one of the greatest success stories of home-grown businesses in India. However, not many knew about the huge debts the coffee giant has amassed until its owner VG Siddhartha died by suicide. After his death, many thought that the company wouldn’t survive. But, Malavika Hegde, Siddhartha’s wife, took over the reins of the company at a crucial juncture and scripted an amazing saga of resurrection.

Cash offer of buyback of upto 10,62,000 fully paid-up equity shares of face value of rs. 10/- each, representing approximately 9.50% of the total number of equity shares in the issued, subscribed and fully paid-up equity share capital of the company, from the existing shareholders / beneficial owners of equity shares of the company as on the record date i.e. february 24, 2023, on a proportionate basis, through the “tender offer” route at a price of rs. 283/- (rupees two hundred and eighty- three only) per equity share for an aggregate amount not exceeding rs. 30,05,46,000/- (rupees thirty crore five lakhs and forty-six thousand only)

The CEO, founder and joint MD of gaming unicorn takes us through his journey from being a gamer to building a large diversified gaming company. He is on Entrepreneur India’s Digital Cover for February 2023.They say blessed are those who can follow their passion and turn that into their profession. Nitish Mittersain, CEO, founder and joint MD, Nazara Technologies is one of those few lucky people who not only converted his love for gaming into his career, but built a large business around it. That too, when smartphones had not arrived and nobody else was thinking of gaming as a business in India.

These appeals are directed against the judgment And order dated 5th March, 2021 of the National Company Law Appellate Tribunal, New Delhi (hereinafter referred To as “NCLAT”). The NCLAT had reversed the approval Granted by the National Company Law Tribunal, Mumbai (hereinafter referred to as “NCLT”) on 27.10.2020 to the Proposal initiated by the appellant (hereinafter referred Proposal initiated by the appellant (hereinafter referred To as “Syngenta”) The proposal was to reduce its issued, Subscribed and paid-up share capital of the appellant Syngenta by canceling and extinguishing in aggregate 3.59% Of such total shares issued by it and held by the public Shareholders. These shares had been earlier de-listed in The stock exchange. The NCLT by its order took note of The proposal as well as the valuation reports submittedin support of it by the Price Waterhouse & Co. LLP, Chartered Accountants (“PWC”) and Haribhakti & Co. LLP (“Haribhakti”) dated 25.10.2017 and 26.10.2017 Share accepted by Syngenta’s Board of Directors and Approved by majority of its shareholders, was in order

Kratos Studios, a Web3 game startup, has raised Rs 160 crore ($20 million) in a seed round that was co-led by Accel and included investors such as Prosus Ventures, Courtside Ventures, Nexus Venture Partners, Nazara, and others. According to a press statement from the company, the cash will aid in developing distribution channels for international Web 3 games in developing countries. In addition, the Decentralised Autonomous Organization (DAO) will invest in the most promising Web 3 games worldwide.

Markets are collapsing, and it appears like a recession is about to start. The good news is that “markets always rise” and this is just another economic cycle if you are a long-term passive investor like us who invests in a number of capitalist economies throughout the world. After all, you’ll have more serious issues to worry about if major world indexes don’t recover.