Newsletter#5

Newsletter#5

Tax Woes for Online Gaming Firms

Online gaming companies face potential tax notices amounting to around INR 1 Lakh Cr from the Directorate General of GST Intelligence (DGGI).

The DGGI has dispatched approximately a dozen pre-show cause notices to several prominent real money gaming companies, cumulatively worth about INR 55,000 Cr. Notable companies like Dream11, Play Games24x7, and Head Digital Works are among those who have received these notices. Specifically, Dream11 has taken legal action, moving the Bombay High Court in response to the notice.

The tax scenario is further complicated as Gameskraft is currently engaged in a legal battle at the Supreme Court, contesting an INR 21,000 Cr tax demand raised by the DGGI.

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Sony Systems Hacked

A hacker group, believed to be from Russia, claims to have breached Sony's security systems, stealing customer data and holding it for ransom.

The hacker group, Ransomed.vc, alleges that they have successfully compromised all of Sony's systems and are now offering the stolen data for sale. They have stated their intent to sell the data due to Sony's refusal to pay the ransom.

While Sony has not officially confirmed the breach, they have released a statement indicating that they are currently investigating the claims. The group claims to have 6,000 files in their possession, which they describe as a "small" portion of Sony's entire system.

This isn't the first time Sony has faced a major security breach. Back in 2011, data from 77 million users was compromised, leading to the PlayStation Network being taken offline for a month. Sony officials had to answer to Congress and compensate affected users.

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AI Athletes in META11 Cricket

Behaviol Pty Ltd.'s META11 Fantasy introduces a unique digital cricket tournament featuring AI-powered athletes, offering fans a novel way to engage with the sport.

Kumar Sangakkara, co-founder of Behaviol Pty and former Sri Lanka national cricket team captain, emphasized the evolution of cricket and the new opportunities META11 brings for fans. The platform aims to integrate fan stories and provide an immersive experience.

The digital cricket tournament, which started recently, enables players to earn points, climb the leaderboard, and potentially win from a $100,000 prize pool. Points earned from 26th September onwards can be exchanged for in-game assets, including personalized AI athletes. META11 ensures a rewarding experience for all participants, introducing them to AI athletes and QBOT, an AI quiz master. Ravi Shastri, the 1983 World Cup winner with India, highlighted the unique experience for fans to step into managerial roles for their favorite AI players.

META11 aims to bridge the gap between reality and the digital realm, offering accurate game predictions and crafting intricate narratives for the characters in their virtual world.

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Google Patches Chrome Vulnerability

Google releases an urgent update for Chrome to fix a security issue that's being taken advantage of by hackers

Google has addressed a new security flaw in its Chrome browser that's currently being exploited. Identified as CVE-2023-5217, this serious issue is related to a technical glitch in a video function. In simple terms, hackers could use this flaw to cause problems or gain unauthorized access.

This isn't the first time Google has had to fix such issues. In fact, this year alone, they've released patches for several similar vulnerabilities. Some believe that certain spyware companies might be using these flaws to target specific individuals.

For everyone's safety, it's recommended to update Chrome to the latest version. If you use other browsers based on Chrome, like Microsoft Edge or Brave, you should update them too.

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Blog Updates

Building a Delightful Food Delivery Platform

In today's fast-paced digital landscape, merely having a food delivery platform isn't enough; it needs to be exceptional. Our in-depth guide sheds light on the intricacies of developing a platform that resonates with modern users. Understand the pivotal role of user experience, from easy navigation to quick checkout processes. Dive deeper into advanced features, such as real-time tracking, multiple payment gateways, and AI-driven personalized recommendations. We also touch upon the challenges faced by the food delivery sector and provide actionable solutions. Our overarching goal? To ensure every user is met with a delightful, efficient, and memorable experience - making your platform their go-to choice for food delivery.

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Perfecting Your Fantasy Cricket App

Fantasy cricket is not just a trend; it's becoming a favorite pastime for many. Our guide is designed to help you create an app that stands out in this growing market. We delve into the must-have features: from providing live scores and in-depth player statistics to an intuitive interface where users can effortlessly manage their teams. Challenges, rewards, and leaderboards can boost user engagement, making them come back for more. Additionally, understanding the user's needs and preferences can lead to personalized experiences, enhancing their overall satisfaction. On the business side, we discuss potential revenue streams. In-app purchases, for instance, can offer premium features or virtual goods, while ads can generate consistent revenue. Integrating feedback mechanisms can also help in refining the app over time. The ultimate aim? Crafting an app that becomes the go-to platform for every cricket enthusiast out there.

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