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Nazara Technologies secures board approval for Rs 250 crore fundraising and acquires 10.77% stake in Kofluence

Mumbai-based Nazara Technologies has garnered board approval for fundraising of Rs 250 crore from a mix of new and existing investors. Notable contributors include Zerodha co-founder Nikhil Kamath, Plutus Wealth, and ICICI Prudential Mutual Fund. This completes Nazara’s targeted fundraise of Rs 750 crore, as announced last year, with prior funding from SBI Mutual Fund […]
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Mahadev app scandal unfolds in court: Anil Agrawal and Navin Tibrewal appear today

A significant development has emerged from Raipur regarding the Mahadev App. The presentation of two accused individuals is scheduled for 17th January, and it is noteworthy that the remand of both these accused by the Enforcement Directorate (ED) is concluding today.  As reported by IBC24, Anil Agrawal and Navin Tibrewal are set to be presented […]
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Illegal gambling activities disrupted the Sankranti celebrations in the Telugu States

During the Sankranti festivities in the Telugu states of South India, incidents of illegal gambling activities and animal fights have come to the forefront, despite efforts by law enforcement to curb such practices. In Wankidi Mandal, twelve individuals were arrested in two separate incidents for engaging in prohibited gambling activities. The arrests were made in […]
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Preventive detention for gambling with FIR simpliciter cannot be sustained

The Courts have often held that preventive detention laws are an ‘exceptional measure reserved for tackling emergent situations’. Prevention detention means detention of individuals with out trial and conviction and based on mere suspicion. Several states in the country have enacted preventive detention laws with a stated object of maintaining peace and order by detaining […]
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Karnataka Govt and ABAI drive Bengaluru GAFX 2024 with the theme ‘Augmented Intelligence’

In a much-anticipated gathering of the Animation, Visual Effects, Games & Comics (AVGC) industry, Bengaluru GAFX is slated to take place from January 29 to 31, 2024, at The Lalit Ashok, Bengaluru. Organized by the Ministry of ITBT, Karnataka, and ABAI, the event aims to foster knowledge exchange and propel the AVGC sector into a […]
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WinZO launches “Bharat Tech Triumph” initiative to facilitate export of made in India for the world technology

India’s largest interactive entertainment platform, WinZO, has revealed the ‘Bharat Tech Triumph’ initiative, aimed at boosting the global export of culturally relevant games and related technology originating from India. The program, designed to nurture homegrown startups, emphasizes offering essential resources like a global platform and access to foreign direct investment (FDI). Building upon the success […]
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Goa police busts illegal gambling den in Candolim : 11 arrested

In an operation, the Crime Branch of Goa Police detained 11 individuals on charges of participating in illicit gambling activities within a casino located at Candolim. The arrests followed a raid conducted at the Ocean 7 Casino, situated within the Novotel Hotel, Annawado, Candolim, in the Bardez taluka. According to police reports, the raid was […]
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Illegal betting app Fun88 teams up with Dabang Delhi in sponsorship deal

Despite numerous warnings, illegal betting companies persist in their dealings, illustrated by Fun88’s recent decision to support Pro Kabaddi League’s Dabang Delhi. The online gaming platform, known for its extensive sports sponsorship portfolio in cricket, hockey, tennis, and football, continues to engage in promotional activities, clearly disregarding advisories from the government. In a move that […]
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Noida police arrests Jhansi resident in connection with Mahadev gaming App and gambling racket

Noida police arrested Ayush Tiwari from Jhansi on Monday, discovering his alleged involvement in an elaborate gambling racket associated with the Mahadev App reported. This arrest follows the police’s crackdown two months ago when charges were pressed against 18 individuals linked to the group. The ongoing operation aims to capture the remaining suspects. The activities […]
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Andar Bahar – a game of skill; Karnataka High Court quashes FIR

The Karnataka High Court has recently quashed an FIR registered against eight accused of gambling by playing a card game ‘andar bahar’ in a hotel in Mangalore in 2010.  The accused were booked under Sections 79 and 80 of the Karnataka Police Act,1963.  Earlier, the trial court had convicted the accused for gambling and the […]
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