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ED Arrests 3 Gameskraft Cofounders In Alleged Betting-Linked Fraud Probe

ED has reportedly arrested three cofounders of gaming platform Gameskraft Technologies in connection with an alleged fraud-linked money laundering case The agency has reportedly arrested Deepak Singh, Prithvi Raj Singh and Vikas Taneja Deepak Singh and Prithvi Raj Singh were arrested from Delhi NCR, following which the ED obtained transit remand to produce them before a Bengaluru court

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Paytm Bets On AI Makeover To Drive FY27 Momentum

Paytm CEO Sharma made it clear that the company will not build its own data centre, but would rent out the data centre and run its model on top of it On top of this, the company plans to automate all services across its platform, from Paytm Money to Paytm Check-In, for both end consumers as well as merchants Paytm has also integrated AI into its Soundbox devices to woo merchants, while it is leveraging AI to acquire higher-quality users at lower costs while driving greater monetisation

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Paytm’s Q4 Show, Freshworks To Axe 500 Jobs & More

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Paytm Posts ₹183 Cr Profit In Q4, Revenue Up 18% To ₹2,264 Cr

Paytm reported yet another profitable quarter, posting a consolidated net profit of ₹183 Cr in Q4 FY26 as against a loss of ₹545 Cr in the year-ago quarter Its operating revenue for the quarter under review stood at ₹2,264 Cr, growing 18.4% from ₹1,912 Cr in the same period last year Including other income of ₹178 Cr, total income for the period stood at ₹2,442 Cr

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Dream11’s Broking Avatar, Kissht’s IPO & More

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Eternal’s Triple Bet Faces Profitability Test

Eternal today is not one business. It is three very different bets, each at a different stage of maturity, each with its own economic realities.

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SportVot Bags ₹32.7 Cr To Take Its Sports Streaming Platform Global

Sportstech startup SportVot has raised ₹32.7 Cr (about $3.8 Mn) in a fresh funding round led by IAN Alpha Fund, with participation from Anicut Capital, Lets Venture, Capital A, Succeed Innovation, among others The startup plans to use the capital to expand its international presence and strengthen its AI-powered production and analytics capabilities Founded in 2019 by Siddhant Agarwal, Shubhangi Gupta, and Yash Bhagwatkar, SportVot is a sports technology startup that helps bring professional-style broadcasting to grassroots and local sports

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Eternal’s Q4 Show, Snabbit Bags $56 Mn & More

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Eternal Q4: Profit Surges 4.5X YoY To ₹174 Cr

On a sequential basis, profit grew 71% from ₹102 Cr Operating revenue skyrocketed 196% YoY and 6% QoQ to ₹17,292 Cr For the full fiscal year FY26, the company's profit declined 31% to ₹366 Cr from ₹527 Cr in FY25

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Paytm Tanks 8% After RBI Revokes Payments Bank Licence

Shares of Paytm fell 8.37% intraday to a low of ₹1,051.05 after the RBI cancelled the licence of Paytm Payments Bank The stock later recovered and was trading 3.78% lower at ₹1,103.75 at 10:44 IST, with a market capitalisation of ₹70,552.8 Cr (about $7.4 Bn) Brokerages remained largely positive, saying the impact would be limited as the payments bank business had already been ring-fenced and written off earlier

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Karnataka Drafting Responsible AI Framework To Embrace ‘I-Governance’: Priyank Kharge

By using real-time data, automation and agentic systems, the state government plans to transform how citizen services are delivered and monitored Its strategy spans deeptech grants, supply chain sub-stacks, sustainable data centre policies, and global partnerships, which signals a push to own IP creation and ecosystem depth, not just host big tech Instead of reacting to displacement fears, the focus is on employability, skill readiness and policy preparedness

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Game Developer PlaySimple Files DRHP For ₹3,150 Cr OFS-Only IPO

Swedish gaming company MTG-owned PlaySimple Games has filed DRHP for an OFS-only IPO of ₹3,150 Cr with SEBI The game developer, which operates a portfolio of 30 live casual mobile games, was acquired by MTG for more than $360 Mn in 2021 In the calendar year 2025, PlaySimple's operating revenue jumped 20% YoY to ₹2,2598.2 Cr while PAT declined by 31% to ₹359 Cr

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Zomato Withdraws Price Parity Clause From Restaurant Contracts

Eternal’s food delivery arm Zomato has withdrawn a contract term that obligated its restaurant partners to match the pricing at their walk-in outlets and websites to the price offered on the platform As per the clause, Zomato could fine three times the differential amount for each order, if the restaurant partners violated the clause Notably, the clause was opposed by the National Restaurant Association of India (NRAI) as it restricted restaurants’ pricing ability

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LightFury Games Bags $11 Mn To Develop AAA Game ‘eCricket’

The pre-Series A funding round saw participation from Blume Ventures, V3 Ventures, MIXI, and Times Internet along with Indian cricketers like MS Dhoni, Jasprit Bumrah and Hardik Pandya Apart from game development, LightFury will also invest in bolstering its live operations and infrastructure content pipeline for post-launch scale and player engagement Founded in 2024 by former Unacademy CMO Karan Shroff, along with Anurag Banerjee, and Tina Balachandran, LightFury is AAA-focused gaming studio building AI-powered gaming experiences

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Gramophone Cofounder Navneet Singh Batra Quits, Joins Superplum

Batra joined Gramophone in 2022 and was elevated Batra to the position of cofounder in 2024. He is joining Superplum as the CBO The development comes following the acquisition of Gramophone by Unnati Gramophone is a full-stack agritech platform, helping farmers with purchase of agri products, offering soil health check platform, providing platform to sell their crop digitally, and expert advice

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Pocket FM Claims EBITDA Profitability, Crosses $400 Mn ARR

CEO Nayak claimed that Pocket FM’s ARR stood at $430 Mn last month, with a projected $450 Mn expected by April 2026 The cofounder also claimed that the company is free cash flow positive at nearly 5% EBITDA, attributing the surge to AI-native "storytelling system” Nayak also said that the company is operational in 20+ countries, adding that 3 Lakh creators produce 80,000+ hours of content every month on its platform