Some industry representatives said the tax would eat into earnings despite Finance Minister Nirmala Sitharaman saying the decision was taken after consultation with states and had no intent to hurt the industry.on Wednesday that the tax will apply only to the skill-based real money gaming segment of its business, which they say contributed 5.2% to consolidated revenue in fiscal year 2023.
Nazara and Delta have risen 21.6% and 15.9%, respectively, so far this year as of Tuesday's close, while Onmobile has fallen 11.9%.
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Indian shares open higher ahead of inflation data, earningsIndian shares opened higher on Wednesday, tracking Asian peers, with investors eyeing both domestic and U.S. inflation data for June as the quarterly results season kicks off.
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