Latest news with #NazaraTechnologies
Business Upturn
a day ago
- Business
- Business Upturn
Stocks Hitting 52-Week Highs on July 18: Dalmia Bharat, Nazara, GMDC, JK Cement, RBL Bank and more
Indian markets ended lower on July 18, with the Nifty 50 slipping below the 25,000 mark. However, several stocks defied the broader weakness and touched their 52-week highs during the session, signalling strong investor interest. Here's a look at some of the top stocks that hit fresh 52-week highs today: Company Closing Price 52-Week High Change (%) Dalmia Bharat ₹2,251.80 ₹2,258.00 2.84% Nazara Technologies ₹1,430.40 ₹1,436.00 0.44% Blue Jet Healthcare ₹1,010.20 ₹1,015.00 4.07% HDFC Asset Management ₹5,590.00 ₹5,626.00 1.45% CSB Bank ₹430.80 ₹434.05 0.64% Krishna Institute of Medical Sciences ₹761.25 ₹768.90 2.64% Samhi Hotels ₹245.82 ₹248.50 0.49% Choice International ₹753.05 ₹762.80 -0.43% KRBL ₹406.80 ₹412.50 2.73% Datamatics Global Services ₹770.75 ₹784.00 1.03% Gujarat Mineral Development Corp (GMDC) ₹435.30 ₹443.10 14.73% Ashok Leyland ₹122.25 ₹124.45 -1.21% Biocon ₹398.75 ₹406.00 0.44% Piramal Enterprises ₹1,326.70 ₹1,351.00 -0.94% Fortis Healthcare ₹798.50 ₹813.70 -1.45% JK Cement ₹6,498.00 ₹6,666.00 1.05% Anand Rathi Wealth ₹2,621.20 ₹2,690.00 1.34% Sai Life Sciences ₹815.20 ₹839.00 -0.98% Syrma SGS Technology ₹705.15 ₹728.75 -1.27% RBL Bank ₹263.14 ₹272.88 -1.95% Despite market weakness, these stocks showcased strength with new highs, hinting at underlying bullish momentum in select sectors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Dalmia BharatGMDCJK CementNazaraRBL BankStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Entrepreneur
2 days ago
- Business
- Entrepreneur
Nazara Reduces Stake in Nodwin Ahead of Fundraising
After the funds are raised, Nodwin will be called an associate company instead of a subsidiary. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Nazara Technologies said on Wednesday that it will no longer keep majority control of its company Nodwin Gaming. This step is being taken as Nodwin plans to raise money from current investors to grow its business in esports and youth media. To help with the fundraising, Nazara's board has agreed to give up some special rights it held over Nodwin. This change will give Nodwin more freedom to run its business and raise money on its own. The board has also agreed to remove Nodwin from its list of main companies, but this will need approval from shareholders at a meeting on August 13. After the funds are raised, Nodwin will be called an associate company instead of a subsidiary. Nazara first bought a 55 percent share in Nodwin Gaming in January 2018 through a mix of cash and company shares. Since then, Nazara has added more money to support Nodwin's growth. The latest investment was in December last year, when Nazara put in INR 64 crore to help Nodwin grow its business and brands. This is the second time an Indian listed company has reduced its stake in a smaller company to below 50 percent. PB Fintech recently cut its stake in PB Healthcare Services from 100 percent to 26 percent after a funding round, though it still invested in that round. This shows that Indian tech companies are looking for more flexible ways to grow and manage their money.
Time of India
12-07-2025
- Business
- Time of India
ICC's ambitious mobile cricket game plan sparks interest from global gaming giants
The ICC's search for a developer to create a flagship mobile cricket game has garnered significant interest from major gaming companies. Krafton, EA Sports, Dream11, and Nazara Technologies are among the firms vying for the opportunity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The International Cricket Council 's (ICC) global call for expressions of interest (EOI) to develop a flagship mobile cricket game has attracted significant attention from prominent gaming companies , according to people familiar with the firms are understood to have shown interest, including Krafton—the South Korean publisher of Battlegrounds Mobile India (BGMI) and a major investor in India's gaming sector; LightFury Games, a domestic studio backed by Blume Ventures and Krafton; EA Sports , known for franchises such as FIFA, F1, and Madden NFL; Dream11 , India's leading fantasy sports platform with a strong cricket-focused user base; and Nazara Technologies , which has a broad portfolio in mobile gaming and esports with a focus on sports potential participants include JetSynthesys, also backed by Krafton , Mobile Premier League (MPL), and several consulting EOI process is understood to be ongoing, with a shortlist potentially in the works. These selected parties will be invited to participate in the next stage: a detailed Invitation to Tender (ITT). Shortlisted entities will be expected to submit commercial terms during the ITT EOI was published on 16 ICC and the gaming companies did not respond to ET's queries. Nazara Technologies , which owns the World Cricket Championship (WCC) game, said it continues to explore potential opportunities for its flagship observers see this initiative as a key step in the digital transformation of cricket . Although cricket video games have been available for years, licencing rights have typically been split among multiple ICC's direct involvement seeks to consolidate these rights and introduce an officially sanctioned global title for cricket traditional areas like media rights and sponsorship, gaming rights are becoming an important focus for sports bodies. They offer new avenues for engagement, revenue, and brand presence among younger, digital-first project is being managed by ICC Business Corporation FZ LLC (IBC), the ICC's commercial subsidiary based in Dubai. IBC, in collaboration with its 12 Full Member Nations, is exploring the possibility of licencing certain intellectual property (IP) rights on a collective basis to a qualified entity for the development and publishing of a new, world-class mobile cricket initiative forms part of a broader push to connect with the sport's large base of digitally native followers. With cricket's global fan base estimated at more than a billion, the ICC is looking to channel that interest into a high-quality mobile gaming experience.A key element of the project involves licensing a comprehensive set of ICC intellectual property, including tournament branding, trophies, team uniforms, and player final consolidation of these rights is still in progress, IBC has indicated the potential for granting exclusive global rights for mobile may also propose additional versions for PC, console, or browser platforms if such expansions support the project's commercial ICC is not offering upfront funding. Instead, the commercial framework is expected to rely on minimum guarantees combined with revenue sharing, aligning incentives between the ICC and the selected companies with demonstrated technical expertise, financial stability, and a successful track record in mobile and sports gaming will be EOI outlines specific eligibility requirements, including experience in genres such as casual, arcade, simulation, or fantasy/strategy games, along with capabilities in live operations, user acquisition, and community were required to submit an eight-page response covering their company overview, financial performance over the last three years, leadership team, and relevant project also needed to include a vision for the game, addressing gameplay design, target audiences, monetisation plans, and creative direction.
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Business Standard
16-06-2025
- Business
- Business Standard
Nazara launches Pokerverse VR, enters immersive gaming with poker
Nazara Technologies, India's only listed gaming entity, has debuted into virtual reality (VR) and multiverse gaming after it rolled out an immersive multiplayer game of poker for headsets such as Meta Quest and Apple Vision Pro. The game, known as Pokerverse VR, is available to play globally. It was developed by Hyderabad-based studio YesGnome and published by Nazara Publishing. 'Featuring real-time multiplayer, natural VR controls, and AR/VR flexibility, it allows players to step into a futuristic poker lounge or bring the game into their real-world environment,' Nazara said in a statement. The VR modes enable players to choose between full virtual environments or augmented overlays in a player's real space. 'As platforms like Apple Vision Pro and Meta Quest gain traction, we see exciting possibilities in this space. We're actively exploring future titles with developers who want to build for the next era of gaming,' said Nitish Mittersain, Joint Managing Director (MD) and Chief Executive Officer (CEO), Nazara Technologies. Controls can be influenced via gesture-based interactions in the VR space to check, call or peek at one's cards. 'We wanted to reimagine poker as an immersive, social experience that felt tactile, intuitive and global from day one,' said Sridhar Muppidi, Founder of YesGnome. Nazara Publishing is a game publishing division of Nazara Technologies. It aims to support Indian and global game developers by providing resources, expertise and a strong network to bring gaming experiences to a wider audience, the company said in a statement. 'While no additional VR titles have been announced yet, the company is actively scouting high-potential projects for future collaboration,' it added. Nazara Technologies reported a consolidated net profit of ₹4.07 crore for the fourth quarter of FY25 (Q4FY25), a significant rise from ₹18 lakh in Q4FY24. However, the company recorded a loss of ₹9.79 crore from discontinued operations during the quarter, which weighed on overall profitability. Sequentially, net profit narrowed from ₹8.85 crore in Q3FY25. For the full year, Nazara's FY25 net profit contracted 31.82 per cent to ₹50.96 crore, down from ₹74.75 crore in FY24. The company's revenue from operations surged 95.40 per cent year-on-year to ₹520.2 crore in Q4FY25, up from ₹266.21 crore in the same period last year. Sequentially, revenue declined 2.7 per cent from ₹534.69 crore in Q3FY25.
Business Upturn
16-06-2025
- Business
- Business Upturn
Nazara Technologies launches Pokerverse VR on Meta Quest and Apple Vision Pro
By Aman Shukla Published on June 16, 2025, 11:42 IST Nazara Technologies has made its foray into the world of Virtual Reality (VR) and Metaverse gaming with the global launch of Pokerverse VR , a cutting-edge multiplayer poker game. Developed by Hyderabad-based studio YesGnome and published under Nazara Publishing, the game is now available on the Meta Quest Store and Apple Vision Pro App Store. Pokerverse VR offers players a deeply immersive, free-to-play experience that blends entertainment, social interaction, and skill-building in a futuristic poker lounge. It also provides the flexibility to switch between Augmented Reality (AR) and full VR environments, allowing users to play in virtual poker rooms or overlay the game into their real-world surroundings. The game leverages gesture-based VR controls for natural interactions like peeking at cards or making bets, and features real-time multiplayer gameplay that connects users across the globe. For solo players, smart AI bots offer challenging practice sessions. The game includes a detailed progression system, custom betting controls, a floating in-game menu, and daily chip rewards to keep players engaged. This launch also marks the debut of Nazara Publishing, a new division under Nazara Technologies focused on empowering Indian game developers. The publishing arm aims to support emerging platforms such as VR and AR by offering resources, expertise, and access to a broader market. With Pokerverse VR , Nazara Technologies signals its commitment to exploring next-generation gaming formats. While the company has not announced additional VR titles yet, it is actively seeking high-potential gaming projects for future collaborations in the immersive tech space. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
