Podcasts about nazara technologies

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of February 14 -The highlights of the Modi and Trump meeting are likely to be one of the main themes today. Following bilateral talks, India and the US have agreed on a roadmap to double trade to 500 billion dollars by 2030. The two leaders renewed commitments to making high value greenfield investments in each other's countries. Defence remains a very important area of cooperation. -Also, India and the US are to finalise a new defence framework which will be applicable from 2025 to 2035. And, US will review its arms transfer regulations in order to streamline defence trade -When asked if India has agreed to buy F-35's from America, the Foreign Secretary told CNBC-TV18 that he doesn't think the formal process with regard to acquisition of advanced aviation platforms has been initiated by India. Currently this is a proposal and there are many more steps which have to take place before any such acquisition takes place. -Gift Nifty remained flat this morning, indicating a muted opening for the Indian market. -Nagaraj Shetti of HDFC Securities said the short-term trend of the Nifty remains positive, but the market is lacking its strength to surpass immediate hurdles. A decisive move above 23,250 levels could confirm a near term bottom reversal pattern in the market. Immediate support is placed at 22,800 levels. -Stocks in focus: Hindalco, Manappuram Finance, Bank of Baroda, Nazara Technologies, Religare Enterprises, Paytm, defence, green energy stocks -Asian equities were headed for gains as markets reacted positively to signs the reciprocal US tariffs may be weeks from coming into effect, raising the prospect for negotiations. Shares in Australia and Japan and equity index futures for Hong Kong all advanced, indicating a region-wide stock gauge may climb for a third day. An index of Chinese companies that trades in the US rose more than 1% in New York trading. A measure of global stocks closed at a record high. -The S&P 500 rose 1% while the Nasdaq 100 climbed 1.4% as big tech outperformed. Tesla Inc. and Nvidia Corp each rallied over 3%, while Meta Platforms Inc. climbed for a 19th straight day. -US President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, singling out Japan and South Korea as nations that he believes are taking advantage of the US. Tune in to the Marketbuzz Podcast for more cues

-Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 18 -As the market resumes trading today after a mid-week holiday, June quarter results seem to have taken the centre stage. In the next 2 sessions, 35% of the Nifty companies will be in focus due to earnings. -On Wednesday, Asian Paints and LTI Mindtree reported their results whereas today IT major Infosys is due to announce its first quarter results after market hours. On Friday, Reliance, BPCL, JSW Steel, Ultratech as well as Wipro will report their earnings. And over the weekend, HDFC BANK and Kotak Mahindra bank will do so. -All eyes are now on the Union Budget which is three trading sessions away. Meanwhile, Chris Wood, Global Equity Strategist of Jefferies believes that we are nowhere near to ending the bull run market in India. -The GIFTNifty was trading with a premium of nearly 30 points from Nifty Futures' Tuesday close this morning, indicating a start in the green for the Indian Market. -Thursday is also the weekly options expiry of the Nifty 50 contracts. Earnings reaction will be seen in stocks like Asian Paints, Just Dial, LTIMindtree, Hathaway Cables, Elcon Engineering and others. -Stocks to track: Zensar Tech, L&T Finance, Zee Entertainment, IREDA, Nazara Technologies, Glenmark Pharma, Techno Electric & Engineering, Adani Green Energy, -In terms of global cues, Asian equities fell this morning, as a global selloff in technology stocks deepened on concerns over tighter US restrictions on chip sales to China. Shares in Japan and South Korea dropped, with the Topix falling as much as 1.5%, weighed down by a stronger yen and further fallout from heavy selling in chipmakers around the world. -Hong Kong and mainland Chinese stocks fluctuated in early trade, with the Hang Seng Tech Index down as much as 1.2%. US futures drifted higher after the S&P 500 fell 1.4% and the Nasdaq dropped 2.9%, its worst day since 2022, on Wednesday. - In other news from around the world, back home, Karnataka has put the controversial bill on job reservations in the private sector on hold. Globally, US President Joe Biden has tested positive for covid-19. Tune in to the Marketbuzz Podcast for more cues

Data suggest that young folks under the age of 30 are spending a lot more time on social media and gaming and less time on TV and physical sports. In this episode, we have the CEO of Nazara Technologies,Krafton India and Lila Games, leaders in the Indian gaming space. We also have Animesh Agarwal (8bit Thug), a protagonist of the Indian gaming Industry,turning gaming into a full time career in india Given that gaming for young kids today is what cricket was for Indians back in the day, we explore how one can prepare to become a part of the gaming industry: By either becoming a gamer, understanding specific skills needed and channels of monetisation or by developing and publishing games, knowing how hiring in the gaming industry works and so on.In both of these cases, what remains common is specific skills and knowledge Given that the industry is still in its nascent stages in India, we compare and contrast the climate of the gaming industry across geographies, break down what physiological aspects and latent human desires which makes certain games tick. It could be chasing emotions, status or making progress along with the opportunities that we are primed to capitalise based on the current landscape of the gaming industry. #NikhilKamath Co-founder of Zerodha, True Beacon and Gruhas Twitter: https://x.com/nikhilkamathcio/ LinkedIn: https://www.linkedin.com/in/nikhilkamathcio Instagram: https://www.instagram.com/nikhilkamathcio/ Facebook: https://www.facebook.com/nikhilkamathcio #AnimeshAgarwal l - CEO of 8bit Creatives Twitter: https://x.com/8bit_thug/ LinkedIn: https://www.linkedin.com/in/8bitthug Instagram:https://www.instagram.com/8bit_thug/ #SeanHyunilSohn - CEO of Krafton India Twitter: https://twitter.com/hisohn?lang=en LinkedIn: https://www.linkedin.com/in/sean-hyunil-sohn-1670216 #JosephKim - CEO of Lila Games Twitter : https://twitter.com/jokim1?lang=en/ LinkedIn: https://www.linkedin.com/in/jokim/ Instagram: https://www.instagram.com/jokim1/ #NitishMittersain - CEO of Nazara Technology Twitter: https://twitter.com/mittersain/ LinkedIn: https://www.linkedin.com/in/mittersain/ Instagram: https://www.instagram.com/nitishmittersain/

Order 'Build, Don't Talk' (in English) here: https://amzn.eu/d/eCfijRuOrder 'Build Don't Talk' (in Hindi) here: https://amzn.eu/d/4wZISO0--------------Smell good, feel confident. Use my code Raj10 to get additional 10% off all Blanko perfumes: https://hi.switchy.io/BlankoxRaj--------------Subscribe To Our Other YouTube Channels:-https://www.youtube.com/@rajshamaniclipshttps://www.youtube.com/@RajShamani.Shorts---------------In today's episode of Figuring Out, we have Nitish Mittersain in conversation with Raj Shamani.He is the Founder and CEO of Nazara Technologies, India's leading diversified gaming and sports media platform and also, India's only publicly listed gaming company. In the span of 7 years, under his leadership, his company made a profit of 200-250 crores. Today his company is worth more than 800 crores. His knowledge around global trends and building profitable business is truly inspiring and something to learn from.In this episode, we had a conversation around some of your favourite games like GTA, PUBG and many more. We talked about his young days and how he became friends with late Shammi Kapoor at 16. And how it led to him starting this leading gaming platform in India. We also talked about how his strong determination led to meeting his ideal Sachin Tendulkar and how he convinced him to be his brand ambassador all while he was just 24 years old. We discussed how brick by brick he builded his company, stories of getting his first investor to get 100 crores investment by the ‘Kamath brothers'. Towards the end, we talked about how big is the gaming industry in India, how much do gaming creators earn in India, is it a sustainable career and how can you make a profitable and sustainable career in gaming. We also talked about how gaming benefits the younger generation which is hardly talked about and the future of this industry. This episode will be a treat if you love gaming or you love knowing how successful businesses are created and the mindset they need. Till our next episode, subscribe to our channel and join us on this journey of Figuring Out. Follow Nitish Mittersain Here:Linkedin: https://in.linkedin.com/in/mittersainTwitter: https://twitter.com/mittersainInstagram: https://www.instagram.com/nitishmittersain/-----------

In this episode, we dive into Manish's latest endeavor, IndiGG DAO, an audacious project aiming to build the world's largest gaming decentralized autonomous organization. As Founder and Custodian of IndiGG, Manish shares his vision of empowering gamers and creators through blockchain technology. Get ready to explore how IndiGG is harnessing the energy of South Asia's gaming community to create a digital goods factory for the global stage. Manish Agarwal is the Founder and Custodian of IndiGG DAO, an accomplished gaming industry leader, and a trailblazer in the realm of blockchain innovation. With a background as the former CEO of Nazara Technologies, Manish's impact on India's gaming ecosystem is far-reaching. Armed with his educational prowess as an alumnus of IIM-A and NIT-W, he's now at the helm of IndiGG DAO, shaping the future of gaming through decentralization and collaboration. Join us as we uncover Manish's journey and his insights into the gaming industry's exciting evolution. Twitter: https://twitter.com/manishdieselLinkedIN: https://www.linkedin.com/in/manish-agarwal-6586482/

In this episode of Market Minutes, Shailaja Mohapatra talks about Federal Reserve John Williams' warning, Select Nexus Trust REIT IPO and Q4 numbers of Apollo Tyres and Nazara Technologies. (With inputs from Sucheta Anchaliya). Also, catch Aditya Agrawala of Invest4Edu in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends

Early trends indicate a higher opening for the Sensex and Nifty 50 on May 10 as SGX Nifty was trading at a premium of more than 20 points from Nifty Futures on Tuesday's close. Yesterday, the last hour fall led to a close near flatline for the market with Nifty 50 ending below 18,300 and Sensex falling three points to 61,761. Meanwhile, in the US, inflation data is due today. Overnight, the US markets ended lower on the back of the impasse over the debt ceiling as well as the US CPI data, which continue to remain key concerns. Asia, this morning, was largely weak. SGX however, indicated a positive start possibly indicating the underlying strength or positive sentiment for our markets. Brent crude, at the time of recording, was at around $77 per barrel, which was a marginal move since yesterday's trading session. In terms of result reactions, reactions are expected following the results of Apollo Tyres, Lupin, and Nazara Technologies. Larsen and Toubro, Dr. Reddy's Laboratories, Escorts Kubota, Bosch, Godrej Consumer are due to report their quarterly earnings today. The market shall also keep an eye out on the Karnataka assembly elections that are taking place today and the outcome will be announced on May 13. Tune in to Marketbuzz Podcast for cues and news to watch out for in trade today

In this episode, Manish Agarwal – ex-CEO of Nazara Technologies and founder of IndiGG, a web3 gaming DAO focused on India – joins Naavik co-founder Aaron Bush to discuss:#1 What guilds initially got wrong, why he prefers to not use the term “guild,” and how India might become a digital asset factory#2 The size of the web3 gaming opportunity in India, and why India could be a uniquely effective market for web3 gaming#3 Learnings from working in a DAO - the underappreciated benefits and the ongoing challenges#4 What IndiGG's strategy is going forward, plus his views on what he looks for in partnerships and gamesTo learn more, make sure to visit IndiGG's website. You can also find Manish on Twitter.As always, if you like the episode, you can help others find us by leaving a rating or review!Go premium with Naavik Pro to access an ever-growing library of deep exclusive research including free-to-play and blockchain game deconstructions, and market analysis. Check out the link to request a demo. TLDListen?: Episode summaryWatch the episode: YouTube channelJoin the discussion: Naavik DiscordFree newsletter: Naavik DigestGo premium: Naavik ProFollow us: Twitter | LinkedIn | Facebook | WebsiteSound design by Gavin Mc Cabe.

In this episode, Arpit Agarwal, Director at Blume Ventures, sat down with Nitish Mittersain of Nazara Technologies on running a listed gaming company. From coding at the age of seven to bouncing back from an incorrectly timed IPO listing decades later, Nitish's unconventional path to success makes him a true X-Unicorn founder.

The Big Bull of Dalal Street, India's Warren Buffett, Man with the Midas Touch, the Eternal India Optimist, King of the Stock Market – the legendary investor Rakesh Jhunjhunwala carried many nicknames. His death on Sunday at 62, prompted an outburst of tributes from businesspersons, politicians and investors big and small who followed his insights and stock bets. Jhunjhunwala's investing career started in 1985 with 5,000 rupees of borrowed money. At the time of his death, his net worth is estimated at $5.8 billion or 46,000 crore rupees. His first big profit came from the 5,000 shares of Tata Tea he bought in 1986. In three months, Jhunjhunwala tripled his money. There was no looking back after that.    In the late 1980s, the qualified chartered accountant made a leveraged bet on iron ore exporter Sesa Goa which brought him his first crores. He bought the stock at 25-26 rupees and sold the holding in tranches, riding the stock till it reached 2,200 rupees. His investment in Tata Power also paid off at the time.  Jhunjhunwa's affinity for Tata group stocks continued. In fact, Tata's Titan Company made him the most wealth. He first purchased the jewellery and watch maker's shares in 2002.  His other stock holdings from Tata group were Tata Motors, Indian Hotels Company and Tata Communications. He also multiplied his investments several times in stocks such as Lupin and CRISIL.  His biggest holding at the time of death remained Titan, accounting for over Rs 11,000 crore or one-third of disclosed portfolio value.  Although famous for his bets in listed stocks, Jhunjhunwala did not shy away from taking bigger risks through private market investments He reaped a windfall when three of his portfolio companies, Nazara Technologies, Metro Brands and Star Health and Allied Insurance, hit the public markets last year.  A Business Standard analysis showed that 76% of the value of Jhunjhunwala's disclosed portfolio emerged in the last seven years after he turned 55 and the biggest gains came in the past two years. The value of his disclosed portfolio rose from 8,431 crore rupees in March 2020 to 30,652 crore rupees in August 2022.  Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Financial Services says, he was an ‘economic philosopher', liked making predictions. Jhunjhunwala was a terrific bargain picker and he always tried to help his friends, be it with money or guidance, says Agrawal.  Rakesh Jhunjhunwala was astute not just as an investor who picked stocks for long-term holding but as a trader too. In 2018, he said he made a lot of money by shorting stocks and one of his biggest fortunes came from short selling in 1992 when the Harshad Mehta scam roiled the markets.  Rakesh Jhunjhunwala had his misses too in stocks, like Dewan Housing Finance Corporation, DB Realty and Mandhana Retail While some of his private investments paid off handsomely, In March last year, he acknowledged that half of his 20 private equity investments by then had turned out to be duds. His last bet was Akasa Air, in which he held a 40% stake. Motilal Oswal's Agarawal described this bet as the ultimate bargain, as Jhunjhunwala made the most of the discounts offered by the aircraft manufacturer.    Jhunjhunwala made his last public appearance at the inaugural flight of Akasa, on August 7th.  Among India's notable philanthropists, Jhunjhunwala's faith in the India story and bullish commentary on the economy and markets was visible till the very end.  Such was his infectious optimism for India that Jhunjhunwala told a business news channel six days before his death, that regardless of global developments, Indian markets will grow, but at a slower pace. According to him, India was entering a golden age.

In part 4 of our gaming series, we talk to Manish Agarwal, CEO, Nazara Technologies, Thomas Purtell, Co-founder & CEO, Omlet, and Anirudh Pandita, Founder, Loco,  talk about the untapped opportunities within the gaming industry. Tune in.

In part 3 of our gaming series, we talk to Manish Agarwal, CEO, Nazara Technologies, Thomas Purtell, Co-founder & CEO, Omlet, and Anirudh Pandita, Founder, Loco,  about the rise of Web3 and how we expect it to impact and transform the gaming industry.  Tune in to find out.

In part 2 of our Gaming series, we cover the rise of Estreaming and the key trends stemming from it, with insights from Manish Agarwal, CEO, Nazara Technologies, Thomas Purtell, Co-founder & CEO, Omlet, and Anirudh Pandita, Founder, Loco. Tune in.

In part 1 of our Gaming series, we talk about the future of e-sports with Manish Agarwal, CEO, Nazara Technologies, Thomas Purtell, Co-founder & CEO, Omlet, and Anirudh Pandita, Founder, Loco. Tune in for an insightful discussion.

Check Nazara Technologies share price, financial data and complete stock analysis. Get Nazara Technologies stock rating based on quarterly result, profit and loss account, balance sheet, shareholding pattern and annual report.

In this Episode, I (@Jivraj Singh Sachar) speak with Nitish Mittersain, Founder & MD of Nazara Technologies. Nazara Technologies is India's first gaming company to successfully go public and trade on India's stock exchange. A mega IPO in 2021 paved the way for India's illustrious gaming future. Nitish started this company as a young enthusiast in 1999. Almost 22 years later, those efforts have yielded a successful listing, giving incredible hope & belief to an entire country of young entrepreneurs. Nitish has built Nazara over decades, weathering multiple business cycles and championing the cause of Indian Gaming Innovation for the world from scratch. I chat with him and decode this journey, gaining incredible company building insights. We discuss the impact of experience, the role of business cycles, the fundamentals required to build a company that goes public, and how modern day founders can generate value. (Time Stamps Coming Soon) About our sponsor: Stride Ventures, which is one of India's leading Venture Debt Funds, becoming synonymous with innovative startup financing in India. Stride provides comprehensive solutions, going beyond venture debt, to cater to distinctive challenges faced by high-growth and inherently strong businesses, backed by leading institutions. The fund has a portfolio of over 60+ diversified companies, having deployed more than Rupees 1500 Crore to date. In just over two years, Stride Ventures has emerged as the preferred venture debt lender in the Indian Ecosystem. To know more about this phenomenal fund, visit - https://strideventures.in/ Hope you liked the 98th Episode on the Indian Silicon Valley Podcast - Building India's First Public Gaming Company! That was it from this Episode, thanks again for tuning in! :) If you liked the episode, do share with your friends or drop us a quick review! Also, do follow us on social media to stay updated with all new episodes: Twitter: https://twitter.com/isv_podcast LinkedIn: https://www.linkedin.com/company/indian-silicon-valley-podcast/ Instagram: https://www.instagram.com/indiansiliconvalleypodcast/ Gallery of all Episodes: https://airtable.com/shrTOFf1z5UT0q9p8 You can also subscribe to the YouTube Channel of the Podcast : https://www.youtube.com/c/IndianSiliconValley/ "If you never try, you never know" Stay Tuned, Keep Building.

The year 2021 was one of the most remarkable years for the primary markets. Nearly Rs 1.2 trillion had been mopped up till early December by 66 companies, beating the previous best of Rs 74,035 crore seen in 2017. New-age companies including Paytm, Zomato, and Nykaa raised approximately Rs 46,800 crore of this amount, cornering approximately 40 per cent of the fund raise. While Zomato started the trend of new-age firms debuting on the India bourses, it was Paytm that launched India's biggest-ever IPO worth Rs 18,300 crore. Policybazaar, Nykaa, Nazara Technologies, CarTrade Tech and Easy Trip Planners were some of the other companies that followed suit. Going forward, about 16 new-age start-ups are lined up to go public including Oyo, Snapdeal, Ola, Mobikwik, PharmEasy, Ixigo and Delhivery. However, the road for these companies will not be as easy as their predecessors. Since the appalling investor response to the initial public offer of Paytm, new-age companies have decided to re-assess their IPO sizes and valuation. MobiKwik, for instance, delayed its IPO after Paytm's listing debacle. While cautious market mood was one reason, the company decided to wait for its December financial report to back the valuation it seeks. On its part, markets regulator Sebi earlier this week approved changes to preferential allotment norms on pricing, and lock-in period for anchor investors in an IPO. Here is Ambareesh Baliga, an independent market analyst with his views on the latest Sebi move. As regards the performance at the bourses, except Zomato whose shares have done well since listing, majority of the new-age companies have seen market-cap erosion. So why have the secondary markets been unkind to the new-age companies? This uncanny market response to new-age tech companies across the globe caught the eye of Zerodha founder Nithin Kamath, too, who took to micro-blogging site Twitter to caution investors against the mad rush in these companies. Baliga adds that the discouraging stock market performance can also potentially create roadbocks for further fund raising by these start-ups. On Thursday, markets are likely to remain range-bound in the backdrop of the expiry of futures & options contracts for the December series. It will be the last monthly F&O expiry for the calendar year 2021. Stock-specific action, however, is likely to continue. Watch video

Selling resumed in Asian markets after a one-day hiatus as risks of China crackdown still loomed. Meanwhile, US futures also declined as traders weighed a possible slowdown for large tech companies after Amazon missed estimates in June quarter. Japan's Topix index shed 1 per cent, Hong Kong Hang Seng tanked 1.4 per cent and China's Shanghai Composite index lost 0.8 per cent. At the same time Nasdaq and S&P futures were down 1.3 per cent and 0.8 per cent, respectively. In overnight session, US stocks, however, had ended higher, boosted by robust earnings and GDP data. The Dow Jones rose 0.44 per cent, the S&P 500 gained 0.42 per cent and the Nasdaq Composite added 0.11 per cent. Amid this backdrop, Indian markets eyed a gap-down start to the day, with SGX Nifty ruling 100 points lower at 15,739 around 7.30 am. Apart from global cues, the Street would react to the Q1 earnings and some interest is likely in the primary markets as Rolex Rings IPO closes today. The IPO has been subscribed 9.2 times so far. Now, a look at the stock-specific triggers that are likely to guide the market today. Over 100 companies including Bandhan Bank, Britannia, Sun Pharmaceutical Industries, UPL, Indian Oil Corporation, Macrotech Developers, Marico, Nazara Technologies and Blue Dart Express are slated to post their quarterly numbers today. Furthermore, NTPC and IDFC First are among firms that will post their Q1 numbers on Saturday. Tech Mahindra's Q1 FY22 net profit came in at Rs 1,353 crore, up 39.2 per cenr year-on-year (YoY) 25 per cent sequentially. Broad-based growth across segments and verticals allowed the company to deliver strong numbers.  Revenue for the quarter grew 12 per cent YoY at Rs 10,198 crore. It was up 4.8 per cent sequentially. TVS Motor Company reported a consolidated net loss of Rs 15 crore for the first quarter ended June 30. The company had reported a net loss of Rs 183 crore in the April-June quarter of the 2020-21 financial year. State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30. The company had clocked a net profit of Rs 49.29 crore in the year-ago period. Ashish Kacholia increased stake in polyester films exporter Garware Hi-Tech Films, buying 1,41,871 equity shares at Rs 1,005 per share on the BSE, as per the latest bulk deals data. Kacholia held a 2.58 percent equity stake in the company as of June 2021.

US Federal Reserve's assurance that tapering of the stimulus was some time away and with the Chinese government in damage control mode, strength returned to bourses globally and consequently back home. The US Fed chair Jerome Powell overnight said the central bank wishes to see "some strong job numbers" in the coming months before tapering the bond-buying programme. Meanwhile, in China authorities stepped up efforts to calm frayed investor nerves after a market rout. Against this backdrop, investors flounced back to Street to lap up equities. Sensex ended at 52,653, up 209 points or 0.40 per cent and the NSE Nifty closed the expiry day at 15,778, up 69 points or 0.44 per cent. Tata Steel, Bajaj Finance, SBI and HCL Tech were the top gainers while Maruti Suzuki was the worst performer, down 2 per cent, following its Q1 results. In broader markets, the BSE Smallcap index outperformed with a 0.90 per cent gain while BSE Midcap rose in tandem with Sensex. The sectoral space was mixed. The Nifty Metal index was the outlier after it rallied over 5 per cent to hit a new high in trade. It was trailed by PSU Bank, Realty and IT indices which gained between 1-3 per cent. On the other hand, Nifty FMCG lost over 1 per cent. In stock-specific moves, shares of Tatva Chintan Pharma Chem closed at Rs 2,310.25 on the BSE, up 113 per cent over its issue price of Rs 1,083 per share. The scrip had listed at a 95 per cent premium at Rs 2,111.8 and touched intraday high of Rs 2468.30. Balrampur Chini Mills stock also hit a new high in intra-day session today after the company announced that its board will consider buyback of shares on August 9. The scrip settled nearly 8 per cent up at Rs 375 after hitting a high of Rs 387.10. Shares of Future Retail ended flat at Rs 60.45 following its June quarter results and after Supreme Court reserved verdict on the pleas of e-commerce giant Amazon against the company's Rs 24,713 crore deal for merger with Reliance Retail. Tech Mahindra shares gained 0.75 per cent to settle at Rs 1,127.95 ahead of its Q1 earnings. Post-market hours, the IT major reported a better-than-expected jump in Q1 profit at Rs 1,353.2 crore, up 39 per cent YoY. Going into trade on Friday, investors will react to Tech Mahindra's Q1 results. Further, over 100 companies will announce their June quarter numbers on Friday. Some of the prominent names include Sun Pharma, BHEL, Nazara Technologies, Marico, Britannia, Lodha, IOC and UPL. Globally, investors will eye US GDP data apart from the market mood for further cues. In the primary market, the Rolex Rings IPO would open for its last day of subscription. So far the issue has been subscribed nearly 9 times. Glenmark Life Sciences, whose issue closes today, has received over 44 times bids. Globally, Asian stocks advanced. Shanghai Composite index gained 1.49 per cent while Hong Kong's Hang Seng index closed up 3.30 per cent. Japanese shares rose notably up 0.73 per cent. Europe started upbeat, with the Stoxx Europe 600 up 0.3 per cent and futures on Wall Street also indicated at a firm US opening.

In a recent report as per KPMG, “Online gaming industry in India is going to be worth Rs.29,000 crore by FY25.”Have you heard about Nazara Technologies?Probably Yes, when its IPO came in March 2021, as it was very well highlighted in the News, being one of the portfolio companies of Rakesh Jhunjhunwala.Nazara's founder and the guest of our today's episode, Nitish Mittersain probably saw this coming much early, almost 20 years back.With its IPO, Nazara gave 80%+ as listing gains to its IPO applicants, this reflects how well the Indian stock market has reacted to a gaming company, and also highlights the potential of India's gaming industry in years to come.During the podcast, Nitish talks about his journey of building a gaming company in India, when no one believed that gaming as a domain was properly monetizable. He also shares how Nazara got listed in NSE & BSE and how it impacts the company's future growth plans.Notes - 01:14 - Textile business family background; coding games in BASIC02:33 - Started Nazara in 1999 while he was 1st year in college04:27 - 2000 Dot-Com Bubble - “I often say, I did an expensive but enriching MBA, sitting here in Bombay.”06:54 - Focus on Cash Flows; not chasing vanity metrics07:13 - Raising funds & Friends of Nazara07:59 - Acquisition since 2015 - NODWIN Gaming & Nextwave Multimedia among others08:44 - Synergy between the acquirer & the acquiree company10:14 - “Over a 20+ years journey gaming always looked like a mirage in the desert.”13:10 - “Just trying to run a profitable business today may not be good enough.”14:56 - Advantage of being the only listed gaming company20:09 - Source of Revenue: In-app purchases vs Advertising20:51 - What convinced Rakesh Jhunjhunwala to invest?24:53 - Getting listed in Indian markets being a startup

Benchmark equity indices slumped over 1 per cent in Friday's intra-day session but made a sharp V-shaped recovery to end the day little changed. Financials and metals exerted pressure on the bourses, even as gains in Reliance Industries, FMCG, and select private bank stocks tried to limit the losses. The S&P BSE Sensex fell 722 points intra-day but recovered to close 21 points, or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent. The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.7 per cent and 0.89 per cent down, respectively. Overall, the market breadth was heavily skewed towards bears with the Advance to Decline ratio standing at 1:2. ONGC, Coal India, Power Grid, JSW Steel, UPL, NTPC, M&M, SBI, and Nestle India were the top laggards among the large-cap stocks while Mahanagar Gas, Ashok Leyland, SAIL, Canara Bank, Max Financial Services, Graphite India, HEG, Hindustan Copper, Affle India, and Wockhardt Pharma cracked in the mid-, and small-cap segments. Sectorally, the Nifty PSU Bank declined nearly 2 per cent while the Nifty Auto, Metal, and Realty indices slipped up to 1 per cent each. On the upside, the Nifty FMCG index ended 0.29 per cent higher. Buzzing stocks   Shares of Vodafone Idea soared 10 per cent on report that the company may raise up to Rs 7,000 crore via QIP route. Reports further suggest the Department of Telecommunication may allow Vodafone Idea to raise funds supported by FDI. Shares of SBI Cards and Payment Services, on the other hand, tanked 6 per cent to Rs 984 on the National Stock Exchange (NSE) in intra-day trade on Friday after around 64 million shares, representing 6.8 per cent of the total equity of the company, changed hands on the NSE and BSE. While the names of the buyers and sellers could not be ascertained immediately, reports said US-based private equity firm Carlyle planned to offload 5.1 per cent stake in SBI Cards and Payment Services. The stock eventually ended 4 per cent lower on the NSE. Shares of Nazara Technologies also tanked 12 per cent to Rs 1,463.75 on the BSE in intra-day trade after foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation. The stock was trading close to its 52-week low level of Rs 1,412.50 hit on April 12, 2021. Lastly, shares of Adani Ports and Adani Enterprises snapped their four-day losing run as they surged 7 per cent and 9 per cent, respectively. Adani Power, Adani Green, and Adani Transmission, however, hit their 5 per cent lower circuit for the fifth straight day. In the primary market, the initial public offer of Dodla Dairy garnered subscription of over 45 times on the final day while that of KIMS got oversubscribed by nearly 4 times till 4:15 PM. Global markets   Stocks were stranded just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve's more hawkish stance. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat after falling for four sessions. Chinese blue-chip shares were also little changed, along with Japan's Nikkei. In Europe, a slide in bank and energy stocks hit shares, with a hawkish policy outlook from the US Federal Reserve also casting a dampener. The pan-European STOXX 600 index was down 0.2 per cent while Germany's DAX index fell 0.3 per cent.

After posting a record closing high in Thursday's session, the benchmark Nifty index may attempt to scale a fresh lifetime high on the first day of the June series. A firm trend among Asian stocks and a decline in daily Covid cases might bolster the investor sentiment in today's trade. In the global markets, US stocks advanced slightly on Thursday, as data showing improvement in the labor market helped bolster expectations in the economic recovery and spurred a minor rotation towards stocks seen as more likely to benefit from the rebound.  Besides, New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal, that US President Joe Biden will seek $6 trillion in US federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031. Against this backdrop, the Dow Jones rose 0.4 per cent, the S&P 500 gained 0.11 per cent, and the Nasdaq dropped 0.01 per cent. The trend was firm in Asia early Friday as well, with Japan's Nikkei ruling 1.9 per cent higher, Australia's ASX200 up 1.2 per cent and South Korea's Kospi up 0.35 per cent. At 7:50 AM, the SGX Nifty traded 61 points up at 15,476, indicating a positive open for the Indian markets. Back home, India recorded 1.79 lakh fresh coronavirus in the last 24 hours while deaths from the disease rose by 3,558. This comes even as the Centre, on Thursday, directed states and union territories to continue the ongoing Covid-19 guidelines till June 30 and asked them to go for intensive and local containment measures in districts with a high number of cases to check the spread of the deadly disease. That apart, the 43rd GST council meeting, corporate results, stock-specific action, oil price movement, and the Rupee's trajectory would guide market participants today. And before we close, here are some of the stocks that may remain in focus: A total of 96 companies, including Glenmark Pharma, M&M, Nazara Technologies, and V Mart are scheduled to report their Marhc quarter results today.' Mahindra & Mahindra (M&M) is likely to report a healthy performance for the March quarter of FY21 where analysts expect the utility vehicles and farm equipment major to report up to 330 per cent year-on-year (YoY) growth in net profit, helped by increase in volume and average selling price (ASPs). However, operating margins are expected to decline amid rise in commodity prices. Eicher Motors, on Thursday, posted a consolidated net profit of Rs 526.14 crore for the March quarter (Q4FY21), up 73 per cent, from Rs 304 crore logged in the corresponding quarter last year. The auto major's total revenue from operations were at an all-time high of Rs 2,940.3 crore for the quarter under review, up 33 per cent YoY.  Sun Pharmaceuticals, meanwhile, posted a 124 per cent year-on-year rise in net profit in the fourth quarter of FY21 at Rs 894 crore, mainly on operational efficiencies and a low base in the corresponding quarter last year. Hester Biosciences on Thursday said a memorandum of understanding (MoU) has been signed between vaccine maker Bharat Biotech and Gujarat Covid Vaccine Consortium (GCVC) for contract manufacturing the drug substance for Covaxin.

Link to detailed article: https://ajuniorvc.com/nazara-gaming-ipo-esports-mpl-dream11/ Last week Nazara Technologies became the first gaming company ever to be taken public. This INR 583 Cr IPO was oversubscribed 176 times by investors. Even before a 21-year-old Nitish Mittersain could find his foothold with his fledgling startup, he found himself in a $660K debt after the dot-com crash. Nazara.com v1.0 was kept aside, and Nitish resorted to selling bulk SMS packs to stay afloat. But the wheels of his fortune were turning, and by 2005, Nazara had landed a $1.5 MM seed investment and Sachin Tendulkar as its brand ambassador. The journey ahead could only be in one direction - upwards. But there several more twist and turn that Nitesh had to content with. What did Nazara do to eventually spring back again? Was it just COVID, or did the demographics have a role to play? Will it be able to compete with the new-age fantasy gaming industry and come out on top?

Nazara Technologies - a diversified gaming company, is going to debut on the Indian exchanges very soon. On the final day, the issue was oversubscribed by 175 times - not surprising, since the Company is backed by Rakesh ‘Big Bull’ Jhunjhunwala. The issue is a complete ‘Offer for Sale’ with IIFL & the promoters offloading INR 582 crore worth of shares. Read more on https://thebazaar.substack.com/p/ipo-8-nazara-technologies Get on the email list at thebazaar.substack.com

This week in Indian Startup News, Nazara Technologies becomes India's first company to IPO, Log 9 Materials launches EVs with their Rapid Charging Battery, Oyo shuts down some coliving and coworking business, Zomato enters dietary supplement market, Tata's acquisition bid for BigBasket and Square Yards acquires PropVR. In funding news, PolicyBazaaar raises $75 million, MyGlamm raises $24 million, Leap Finance raises $17 million, OZiva raises $12 million and YAP raises $10 million. Huge funding rounds in the making, CRED expected to raise $200 million, Delhivery could raise up to $150 million ahead of IPO and Stanza Living in talks to raise $120 million. Nazara Technologies becomes India's first company to IPO: Nazara Technologies finally launched its IPO on 17th March – making it the first Indian company ever to go public. The company has transformed itself from a telecom gaming subscription company to a full-fledged gaming company with fingers in every major segment from esports to gamified learning. Log 9 Materials launches EVs with their Rapid Charging Battery: Log 9 Materials has announced the launch of their electric scooters and three-wheelers that come with their disruptive Rapid Charging Battery packs. Oyo shuts down some coliving and coworking business: In a bid to focus on its core business, Oyo is checking out of its loss-making ventures – by shutting down some coliving and house rental business (Oyo Life) and some coworking spaces. Zomato enters the dietary supplement market: Indian foodtech unicorn Zomato is looking to diversify by launching its own brand of dietary supplements ahead of its expected IPO this year. Tata's acquisition bid for BigBasket: Tata Digital is finally seeking approval of CCI to acquire 64% of BigBasket. Square Yards acquires PropVR: Real estate startup Square Yards has acquired AI-based PropVR to turn 2D floor plans into interactive 3D walkthroughs in minutes. PolicyBazaaar raises $75 million: PolicyBazaar has raised $75 million in a round led by Falcon Edge Capital. MyGlamm raises $24 million: MyGlamm has raised $24 million in series C round led by Ascent Capital, Amazon and Wipro Consumer. Leap Finance raises $17 million: Leap Finance has raised $17 million series C led by Jungle Ventures. OZiva raises $12 million: OZiva has raised $12 million in series B led by Jungle Ventures. YAP raises $10 million: YAP has raised $10 million in series B led by Flourish Ventures and Omidyar Network. CRED expected to raise $200 million: CRED is expected to raise $200 million in fresh funding at a $2 billion valuation – that would make it India's fastest unicorn. Delhivery could raise up to $150 million ahead of IPO: Delhivery is reportedly in talks to raise up to $1450 million ahead of its IPO. Stanza Living in talks to raise $120 million: Stanza Living is in final talks to secure a $120 million funding – doubling its valuation from $300 million to $600 million. Follow Backstage with Millionaires to remain updated with our latest developments. LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/ Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Discord: https://discord.gg/XySGGhXKep

Nazara Technologies is one of the leading interactive gaming and new age sports media companies. They operate in 64 countries spread across India, Asia, Africa, America and the Middle East. They plan to raise Rs. 583 Crore. Should you subscribe to this IPO?

Nazara technologies which is going for an Initial public offer, will open for subscription on March 17th 2021. The price of the same has been fixed as Rs. 1100-1101.

Today on our show, we have the Founder and Managing Director of Nazara Technologies, Nitish Mittersain. Nitish talks to us about his gaming company which is going public very soon and is going to be India's first company to do so. Nitish started Nazara when the Internet had just started booming, he talks to us about his experience of being one of the first people in the industry. --- Support this podcast: https://anchor.fm/tbcy/support

Zostel vs Oyo: Zostel and Oyo have been engaged in a legal battle for more than 3 years. When Oyo refused to acquire Zostel back in 2016, Zostel believed that they had signed a binding agreement but Oyo considered it to be a non-binding agreement. Zostel believes Oyo owes them a 7% stake in the company for transferring their business as part of the deal. The tribunal has finally come to a decision that is still a little vague. The tribunal has said that Zostel is entitled to costs in the cause without putting any monetary value but it also said that ‘definitive agreements have yet to be executed'. CCI asks MakeMyTrip to relist Oyo rivals Treebo and FabHotels on its platform: Back in 2018, Oyo had signed a commercial agreement with MakeMyTrip and soon Oyo's rivals Treebo and FabHotels were delisted from MakeMyTrip. In 2019, FHRAI had filed a complaint against MakeMyTrip for stifling competition by not letting Treebo and FabHotels use MakeMyTrip's platform. While the probe is still underway, CCI has asked MakeMyTrip to relist both Treebo and FabHotels providing them interim relief. Paytm's new app turns smartphones into POS machines: Paytm has launched a Smart POS app that can turn any NFC-enabled android smartphone into a POS machine. In order to process payments using their Smart POS app, customers simply need to tap their credit/debit cards at the back of a merchants' smartphone. Acquisitions: Tata is reportedly in talks with an online search engine for local businesses Just Dial for an acquisition or a strategic alliance. Logistics technology startup FarEye has acquired another logistics technology startup PY Technologies to scale customer implementation and incubate new ideas. VerSe Innovation, the parent company of dailyhunt and Josh, has acquired photo-sharing platform Vebbler to boost the camera and social capabilities of its short video app Josh and build a comprehensive product platform for Indian language users. Turtlemint raises $46 million: Turtlemint has raised $46 million in series D from Jungle Ventures, GGV Capital, American Family Ventures, Mass Mutual Ventures, SIG, Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator and Trifecta Capital. NODWIN Gaming raises $22.5 million: NODWIN Gaming, a subsidiary of IPO-bound Nazara Technologies, has raised $22.5 million from PUBG Mobile developer Krafton. Ecom Express raises $20 million: Ecom Express has raised $20 million from the CDC Group. Quizizz raises $12.5 million: Quizizz has raised $12.5 million from Eight Roads Ventures, GSV Ventures, Rocketship.vc, Nexus Venture Partners and Prime Venture Partners. Riscovry raises $5 million: Riskcovry has raised $5 million from Omidyar Network India, Pentathalon Ventures, DMI Sparkle Fund, Bharat Inclusion Seed Fund, Varanium Capital and Better Capital. Follow Backstage with Millionaires to remain updated with our latest developments. LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/ Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Discord: https://discord.gg/XySGGhXKep

Here is everything interesting happening in and around the startup world for the day along with a discussion with Manish Agarwal, CEO, Nazara Technologies on this episode of #DailyDispatch by YourStory Read more at: https://yourstory.com/video/daily-dispatch-yourstory-wednesday-10th-february Facebook: www.facebook.com/yourstorycom Instagram: www.instagram.com/yourstory_com Twitter: www.twitter.com/YourStoryCo YouTube: www.youtube.com/yourstorytv Write to us: podcast@yourstory.com Hosted by Priya Sheth on February 10, 2021. Presented by Julius Sharma!