India’s popular online gaming and fantasy sports startup Mobile Premier League is reducing its staff by approximately 50%, two people familiar with the matter said, weeks after New Delhi implemented a 28% tax on online real-money games. The Bengaluru-based startup initially announced its plans to cut jobs to employees last week and sent a formal…
India plans to impose a significant tax on the fund that online gaming firms collect from consumers in a major blow to the fast-growing industry that was quick to label the move as “catastrophic” and “unconstitutional.” The Goods and Services Tax Council, which comprises top federal and state finance ministers, said it had agreed to…
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