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MPL to slash headcount by 350 to survive tax impact

Last updated : Aug 10, 2023 19:08
SportzPower Team
Aug 09, 2023 17:08

BENGALURU: Indian gaming app Mobile Premier League will lay off 350 employees as it takes steps to "survive" a tax imposed by the Indian government on online gaming companies, according to an internal memo seen by Reuters on Tuesday.

The move comes on the back of the government's decision last month to impose a 28% tax on funds that online gaming companies collect from customers, a Reuters report said.

Jun 02, 2023 15:06
Puma Al Hilal FC
Puma partners with Al Hilal FC partnership for Saudi football
PUMA, one of the world’s leading sports brands, has announced its official five-year sponsorship with Saudi Arabia’s Al-Hilal FC, one of the world’s most decorated football clubs.  The groundbreaking partnership unites the two global giants as they come together to transform the country’s thriving and passionate football culture with dynamic new initiatives and products, a media release said.
May 26, 2023 19:05
Nike announces senior leadership changes
NIKE HAS ANNOUNCED senior leadership changes that will continue to build on its strong momentum and underscore its commitment to product innovation, serving athletes and unrivaled brand storytelling, while driving deeper integration across the business, a media release said.
May 15, 2023 17:05
dazn
DAZN to set up product development centre in Hyderabad
HYDERABAD: A global leader in sports live streaming, DAZN, has announced a Product Development Centre in the city, a day after banking finance sector major London Stock Exchange Group announced its Technology Centre of Excellence in Hyderabad,
Aug 23, 2021 17:08
Ultimate Battle logo
Esports a rapidly growing industry & new career domain: Tarun Gupta
MUMBAI: Esports in India is in its infancy. However, its growth prospects are promising. If trends are to be believed, esports in India has massive potential to beat the traditional sports in terms of popularity, reach and earning potential, etc. 
Jun 24, 2021 17:06
Disney+ Hotstar logo
Disney+ Hotstar announces 250+ job openings in India
MUMBAI: The Walt Disney Company India's streamer Disney+ Hotstar has announced over 250 job openings in India across different levels and verticals to drive the company’s "next phase of rapid growth and transformation".
May 04, 2020 20:05
Curefit logo
Curefit fires 100s, closes fitness centres: Reports
BENGALURU: Indian gym and wellness startup cure.fit has laid off hundreds of employees and trainers across the country and permanently closed a number of fitness centres amidst the uncertainties around the world's biggest coronavirus lockdown. 
Jul 02, 2019 15:07
Kapil leads angel funding in legal-accounting startup
MUMBAI: Wizcounsel, an online market network that helps people hire & manage freelance Legal, tax & accounting experts, has raised Rs 10 million in an angel round led by Kapil Dev, former Indian cricket team captain, Sunil Kumar Gupta, founder & chairman, SARC Associates, and Manas Fuloria, founder & CEO, Nagarro. The funds will be used for marketing, sales and to strengthen current operations.
Sep 14, 2018 15:09
UEFA, FedEx renew Europa League sponsorship deal
ZURICH: UEFA announced on Thursday that leading logistics company FedEx Express will continue to remain an official sponsor of the Europa League as per a renewed agreement that will last till 2021. The deal was brokered by UEFA’s exclusive marketing agency, TEAM Marketing AG. 
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