Delta Corp, Nazara Tech Gaming Company Shares Fall in Indian Market Due to GST Hike

share price down delta corp nazar tech

Today Delta Corp, Nazara Tech many gaming company shares in the Indian share market are down due to the recent news that the Goods and Services Tax (GST) on online gaming companies has been increased to 28%. This hike has affected companies such as Delta Corp, Nazara Tech, and many others.

Read more: Delta Corp, Nazara Tech Gaming Company Shares Fall in Indian Market Due to GST Hike

How shares declined

Delta Corp, a leading company in the gaming industry in India, has seen a decline of 22.98% in their share price. Nazara Tech, an online gaming platform, has seen a major dip of 3.33% in its share price. Other companies, which also operate gaming businesses, have been negatively impacted by the GST hike.

Gaming industry in India and GST impact

The gaming industry has been growing rapidly in India, with online gaming platforms becoming increasingly popular. However, with the GST hike on online gaming companies, there are concerns that this will affect the growth of the industry. Companies may need to pass on the increased costs to the consumers, making their services less affordable and less attractive.

It is important to note that the decision to increase the GST on online gaming companies was made by the GST Council, a group of members including the Finance Minister, and other representatives from the central government. Although their decision was made with the intention of increasing revenue for the government, it has had negative impacts on the gaming industry in India.

From a diverse perspective, there are differing opinions on the GST hike. Some argue that it is a necessary step to increase revenue for the government, while others believe that it will negatively impact the growth of the gaming industry.

Overall, the GST hike has had a significant impact on the gaming industry in India, with many companies experiencing declines in their share price. As the industry continues to evolve and regulations continue to be put in place, it will be interesting to see how these changes will impact the market in the long run.

Delta Corp: A Leading Gaming Company in India

Business Profile

Delta Corp is a prominent gaming company in India, specializing in the hospitality and gaming sectors. Established in 1990, the company has become a market leader, operating both offshore and onshore casinos. With a focus on providing a world-class gaming experience, Delta Corp has established itself as a trusted and reliable player in the industry.

The image source: screeners.in

The company owns and operates three offshore casinos in Goa: Deltin Royale, Deltin JAQK, and Deltin Caravela. It also has a significant presence in the online gaming space through its subsidiary, Adda52 – one of India’s largest online poker platforms.

The image source: screeners.in

Delta Corp has successfully capitalized on the booming gaming industry in India. It has expanded its business operations by offering a range of services, including gaming, hospitality, entertainment, and integrated resorts. The company’s vision is to provide memorable entertainment experiences and contribute to the growth of the gaming sector in the country.

The image source: screeners.in

Delta Corp’s success in the gaming industry of India can be attributed to its commitment to providing exceptional gaming experiences and its continual expansion into new business ventures. With its extensive portfolio of offshore casinos and online gaming platforms, the company has established itself as a key player in the market.

As the gaming industry in India continues to flourish, Delta Corp is well-positioned to capitalize on the growing demand for entertainment and gaming experiences. Its innovative approach and determination to offer top-notch services cement its status as a leading gaming company in India. Investors and enthusiasts alike will continue to closely observe the performance of Delta Corp’s stock in the market.

If investing in Delta Corp observe the fundamental analysis of this share and need to know about how the share behaves on further days with technical analysis

for the company operations and margins, profits and other info screener.in

Vedanta’s Share Price Plummet as Foxconn Cancels $19 Billion Investment Deal

Vedanta’s Share Price, one of the leading companies in the mining and metals industry, witnessed a considerable drop in its share price today. This downfall comes on the heels of the news that Foxconn, a global electronics manufacturing giant, has decided to pull out of a $19 billion investment deal with Vedanta.

Read more: Vedanta’s Share Price Plummet as Foxconn Cancels $19 Billion Investment Deal

Vedanta’s Business Profile

Vedanta, incorporated in 1976, operates in various sectors such as zinc, aluminum, iron ore, copper, and oil. The company has a significant presence in India and has managed to expand its operations globally. With a diverse product portfolio and a solid reputation in the industry, Vedanta has been a key player in the market for several years. for the Vedanta chart and analysis, for the fundamental analysis can check on screeners

Foxconn’s Business Profile

On the other hand, Foxconn, based in Taiwan, is the world’s largest contract manufacturer of electronics and a major supplier to prominent technology companies like Apple and Amazon. Foxconn is known for its expertise in manufacturing, assembly, and component production. The company has an extensive global network and has been a driving force in the electronics industry for many years.

The Cancellation of the Investment Deal

The cancellation of the $19 billion investment deal by Foxconn has sent shockwaves through the market, leading to a rapid decline in Vedanta’s share price. The deal was originally announced with much fanfare, as it would have significantly boosted Vedanta’s resources and allowed for further expansion. However, due to reasons yet unknown, Foxconn has decided to withdraw from the agreement, leaving Vedanta in a vulnerable state.

Impact on Vedanta’s Share Price

Vedanta’s share price took a severe hit in response to the news. Investors reacted swiftly, selling off their shares, resulting in a downward trend for the company. As of the time of writing, the share price of Vedanta had dropped by 1.59%

Diverse Perspectives

The cancellation of the investment deal between Vedanta and Foxconn has raised concerns and prompted discussions within the business community. Here are some perspectives on the matter:

Investors’ Concerns:

Investors are understandably worried about the sudden drop in Vedanta’s share price. They were banking on the Foxconn deal to propel the company’s growth and generate favorable returns on their investments.

Industry Experts:

Industry experts argue that while the withdrawal of such a significant investment deal is undoubtedly disappointing for Vedanta, it does not undermine the overall strength and potential of the company. Vedanta’s track record and a diverse portfolio may help them weather this setback and explore alternative options for growth.

Market Speculation:

Speculation is rampant in the market regarding the reasons behind Foxconn’s decision to cancel the investment deal. Some believe it may be due to changing market dynamics, geopolitical concerns, or undisclosed internal issues within either company.

Long-term Effects:

It remains to be seen how Vedanta will recover from this setback. However, the company’s strong foundation and past successes give hope that it can overcome this obstacle and continue to thrive in the long run.

Conclusion

The cancellation of the $19 billion investment deal by Foxconn has undoubtedly led to a sharp decline in Vedanta’s share price. While this setback poses challenges for Vedanta, the company’s resilience and strong market standing may allow them to navigate through troubled waters. Investors must keep a close eye on future announcements and strategic moves made by Vedanta to fully understand the company’s recovery prospects.

Shiba Inu Cryptocurrency Review On Robinhood Listing.

History Of Shiba Inu Cryptocurrency

Invention

The Shiba Inu Cryptocurrency is a mime-type token, and it is a decentralized cryptocurrency, the inventors of the Shiba token are ‘Ryoshi’ & the group was invented in August 2020.

The Shiba Inu or SHIB token is called “Doge-killer” because it encountered the Doge meme token when it is invented in the crypto world. The Riyoshi & Group sent half of the supply (nearly 500 Trillion) of the Shiba project to “Vitalik Buterin“.

Read more: Shiba Inu Cryptocurrency Review On Robinhood Listing.

Vitaliki Buterin has burnt the 90% of the supply by sending the dead wallet, which is he got a gift from the Shiba group. The remaining supply he donated to the “Covid-19 relief fund” in INDIA. Now the entire supply was nearly 500 Trillion and it was a decentralized cryptocurrency.

Image source from CoinMarketCap

Binance listing

Shiba Inu is started for $0.000000000183 in Sep 2020. Many whales are invested in this project at low prices. They bought this project in view of the “DogeCoin” pump and dump system. Shiba Inu Cryptocurrency does not have an auto burn system it burns manually.

The Shiba Inu (SHIB) was listed in the “Binance Exchange” in April 2021 for this, the group of Shiba Inu has maintained a good relationship with the “Binance exchange“.

This project is gained a big capital market from Binance list boosing, The Shiba Inu coin is pumped with $ 20 Billion Market by the “FOMO (Fear of Missing Out)“.

Later, most of the people who invested in this project at the beginning, they have dumped their money from their wallets after the Binance listing.

while the price was lying at $ 0.0001 investors out from this project.

Robinhood listing roomer

Following a few days, whales have dumped the money from their wallets, later few months the price is consolidated from October 2021. Then, people and investors rotationally shared and posted a roomer that is “Shiba Inu Cryptocurrency will going to list on Robinhood exchange.

Roomer spread with the enormous response and Shiba Inu rose in price and volume up to $ 40 Billion in market capitalization. But “Robinhood exchange” clarified that was a roomer from the whales who dumped their money sequentially.

The Source of the image is Tradingview

Everyone knows this was a pump and dump game of the whales. But, many people became millionaires with this currency, and many people have screwed in this pump and dump game with consequences.

Fundamentals of shiba Inu Cryptocurrency

The Shiba Inu is the foundation of this project, after the invention of Shiba Inu they came up with LEASH with 1,07,0646 supplies and BONE with 250,000,000 supplies with, we can get these tokens with Shiba Swap.

The fundamental analysis of Shiba Inu makes sense about the investment in this type of crypto.

Shiba has not been working on any, new technology blockchain systems recently they are introduced Shiberium, and Shibaverse.

Robinhood listed Shiba Inu on 12 April 2022 but after this announcement, Shiba Inu did not get a hike in price and capital.