Dream11

Fantasy sports platform Dream11 reported a 32% increase in net profit and a 66% jump in operating revenue for fiscal 2023, show its regulatory filings.The company, which is facing a tax demand for more than Rs 28,000 crore from the GST authorities, posted a profit of Rs 188 crore on revenue of Rs 6,384 crore for the year ended March 31, 2023, according to the filings sourced from Tofler.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For…

Patym parent One 97 Communications has narrowed its losses by 43% on year for the quarter ended December. This and more in today’s ETtech Top 5.Also in this letter:■ Interview with Samsung’s Southwest Asia president and CEO■ ETtech Deals Digest ■ Davos 2024: Tech chiefs hype AI’s potentialPaytm Q3 results: Loss narrows 43% to Rs 220 crore Paytm founder Vijay Shekhar SharmaDigital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore…

IND vs WI 2nd Test Dream11 prediction: India displayed tremendous form in the first test match and comfortably won the game by an innings and 141 runs. India has already taken a lead of 1-0 but the men in blues would like to take it to 2-0 in order to stay on the top of the table of the World Test Championship (WTC). The game is also important for West Indies as they will be looking to quickly bounce back from the defeat and take advantage of the home turf. The second test match begins today, and both teams will be keen…

India's new 28 percent tax on online gaming companies will stifle foreign investment and put $2.5 billion (roughly Rs. 20,500 crore) already invested in the sector at risk, more than 100 gaming firms have said in a letter to India's finance ministry.India this week announced the tax on the funds that online gaming companies collect from their customers. Games such as fantasy cricket have became increasingly popular in recent years, but have also raised concerns about addiction among players.Top investors including Tiger…

IND vs WI 1st Test Dream11 prediction: While Ashes is the talk of the town due to the last moment comeback by England which keeps the series alive, another exciting series is beginning today, July 12. India has traveled to the West Indies and will be playing 2 test matches, 3 ODIs, and 5 T20Is. The first test match begins today, and both teams, after their recent disappointing performances, will be keen on picking up the momentum. If you want to build a team that fetches you the highest points in your online fantasy…

The GST Council came to the decision of taxing online gaming, casinos and horse racing after much deliberation. A Group of Ministers (GoM) who were assigned to look into the issues related to this taxation, submitted the first report in June last year. The report was prepared and placed before the 47th GST Council meeting but the GoM was asked to look at it again. Another report was submitted before the 50th GST Council meeting but the GoM could not reach a consensus on whether a 28 percent tax should be levied on online…

Fantasy sports platform Dream11 has bagged the lead sponsor rights for the Indian cricket team from July 2023 to March 2026 for a base price of Rs 358 crore, multiple people confirmed to ET.As the lead sponsor, Dream11 will have its logo on the front of the jersey of Indian men's, women's, and U-19 cricket teams.Dream11 was the only serious contender in the race as Disney Star was the only other company that picked the tender document, one of the people said.A top executive with a sports marketing firm blamed exorbitant…

ENG vs AUS Ashes 2023 2nd Test Dream11 prediction: The 73rd Ashes series is underway. Australia won the 1st Test match with 27 balls left in the final session of day 5 with just 2 wickets in hand. After such a close match, England would be ready for a comeback in the 2nd Test. On the other hand, this presents a grand occasion for Australia to increase the lead and get closer to defending the trophy. With both teams seemingly in good form, it can be difficult to assess those who have a chance to perform better than others…

ENG vs AUS Ashes 2023 Dream11 prediction: In just one day, the 73rd Men's Ashes series will begin with the 1st Test match between England and Australia. The series is taking place in England and will mark the 37th Ashes series to be played in the country. The visitors are the current holders of the Ashes and have momentum in their favor after beating India to claim the World Test Championships. On the other hand, England, under coach Brendan McCullum, have also made a lot of noise with their new ‘bazball' approach in…

SL vs USA Dream11 predictions: The road to ICC World Cup 2023 is gaining momentum. We are officially entering the last stages before the full list of participating countries can be revealed. Eight out of ten teams have already been announced — New Zealand, England, India, Bangladesh, Pakistan, Australia, Afghanistan, and South Africa. Now, for the two remaining spots, ten countries will play in the ICC World Cup Qualifiers. And surprisingly, some World Cup regulars such as Sri Lanka, West Indies, and Zimbabwe are also…