Nazara 2.0, Walmart’s PhonePe Woe & More

This article analyses Nazara’s strategic reset amid a tough quarter, including a ₹34 cr loss due to its risky mobile gaming investments, and its plan to build own IPs, unify mobile studios around a universal Nazara ID, and integrate offline venues with its digital platform. It also covers Walmart’s $700 mn non-cash ESOP-related charge in its international business linked to PhonePe’s upcoming IPO, reflecting how valuation tweaks in PhonePe are impacting Walmart’s earnings even before a public listing. The piece also touches on other startup developments: Agrostar’s growth, Ultraviolette’s financials, Groww’s stock correction post-IPO, and TCS’s AI-data centre ambitions. (Inc42)