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Real-money gaming startup GetMega launched, targets 50 mn users

Real-money gaming startup GetMega launched, targets 50 mn users
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Plea in Kerala HC seeks ban on online gambling, particularly rummy

February 9, 2021 There is a fresh plea, this time in the Kerala High Court, asking for online gambling and wagering platforms or real-money gaming platforms depending on what state you are in be regulated and monitored. Filed by one Pauly Vadakkan, a film director, the petition pleaded the Kerala HC to declare online betting and gambling, particularly online rummy, unlawful and illegal. The plea also asks for direction to the Kerala state government to ban these online betting or gambling “of any nature” until an appropriate regulatory regime is established and regulations are framed by the state government.  The petition was filed on January 12 by Vadakkan’s lawyer Jomy K. Jose.

ETtech Deals Digest: MPL s ~$1 billion valuation, Accenture-Imaginea deal, Startups and ESOPs

ETtech Deals Digest: MPL’s ~$1 billion valuation, Accenture-Imaginea deal, Startups and ESOPs SECTIONS Last Updated: Feb 05, 2021, 07:29 PM IST Share Synopsis Mobile Premier League (MPL) has raised $95 million at $945 million. Accenture has acquired Imaginea in Cloud First push. A handful of Indian startups are extended ESOPs to their rank-and-file. Getty Images Bengaluru: This week on ETtech Deals Digest, an Indian mobile gaming startup achieved near-unicorn status, a traditional IT services firm one of the world’s largest acquired a cloud-engineering upstart, and a handful of startups are giving employees ownership of where they work. Sai Srinivas Kiran, co-founder at Mobile Premier League.

Budget 2021: Here s what the Indian startup ecosystem is hoping for

Budget 2021: Here s what the Indian startup ecosystem is hoping for Ahead of this year’s Union Budget on February 1, here’s what business leaders, entrepreneurs, investors, and other stakeholders from the Indian startup ecosystem expect from the Indian government. 0 claps Share on 2020 was a year full of challenges for livelihoods and the overall economy of the country, sparked by the COVID-19 pandemic. According to the National Statistical Office (NSO), India s GDP is estimated to contract by a record 7.7 percent during 2020-21 fiscal as the pandemic severely hit key manufacturing and services segments. The Union Ministry of Finance is all set to roll out additional measures to revive the slowing economy, post the Rs 20 lakh crore COVID-19 relief package announced in May 2020. 

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