Gaming
India’s DOTA 2 team eyes success at Asian Games 2022
Mumbai: India’s premier DOTA 2 team is gearing up to recreate their stunning success at the Commonwealth Esports Championships as they take on Kyrgyzstan and the Philippines in their opening group stage games of the Asian Games 2022 at the China Hangzhou Esports Centre on 29 September.
Led by skipper Darshan Bata (A35), the skilled DOTA 2 unit comprising Krish Gupta (Krish-), Abhishek Yadav (Abhi-), Ketan Goyal (Evil-Ash), and Shubham Goli (Madness) has been drawn into Group A, where they are scheduled to compete against Kyrgyzstan and the Philippines in Best-of-One (BO1) single round-robin format matches. The top-ranked team from this group will advance to face Nepal in the quarter-finals on 30 September.
All matches in the elimination stage for DOTA 2 will be contested in the head-to-head, Best-of-Three (BO3) single elimination format. There will be a total of 14 notable teams participating in the title.
“As the captain of the team, I feel an immense sense of responsibility and pride in leading the country’s first-ever DOTA 2 team at the Asian Games. The entire team has been practicing constantly in the build-up to the tournament as all of us understand the honor of representing India at such a prestigious competition. With the constant support of ESFI throughout our journey, we are ready to give our all and make the country proud by bringing home a medal,” said DOTA 2 team captain Darshan Bata.
The squad sealed their qualification for the Asian Games 2022, by prevailing in the finals of the National Esports Championships (NESC) organized by Esports Federation of India (ESFI) last year. The team’s experienced players Ketan, Abhishek, and Shubham were part of the iconic squad that scripted history by clinching the bronze medal at last year’s inaugural Commonwealth Esports Championships in Birmingham.
Sharing his thoughts on the talented team participating in the tournament, Esports Federation of India director & Asian Esports Federation (AESF) vice president Lokesh Suji expressed, “At ESFI, we have witnessed the incredible growth of Esports in India and the extraordinary talent that has emerged from our nation. This DOTA 2 team consists of some of the finest players in the country who have already proved their mettle at the Commonwealth Esports Championships last year. We are confident that they will perform at a similar level in Hangzhou and bring laurels for the country.”
One of the country’s top sports and Esports communication agencies, Artsmith-Concepts & Visions, will continue its support to the Esports Federation of India as its official communication partner.
On Sunday, India’s Charanjot Singh and Karman Tikka bowed out of the Asian Games 2022 after suffering hard-fought defeats in EA Sports FC Online.
Charanjot suffered a 0:2 defeat to China’s Liu Jiacheng in his opening game but bounced back strongly with three consecutive wins. He won by 2:0 against Aristorenas Jorrel of Philippines, 2-1 against Alrowaihi RKM of Bahrain, and 2-0 against Yessentayev Olzhas of Kazakhstan in the Losers Bracket Round 1, 2, and 3 respectively.
However, his campaign came to an end after enduring another 0-2 defeat against Liu Jiacheng of China in the Losers Bracket Round 4. The 20-year-old finished in the Top 16.
On the other hand, Karman Singh went down fighting in a 1-2 loss against Faqeehi Abdulaziz Abdullatif of Bahrain in his tournament opener. Similar to Charanjot, he too made a strong comeback by defeating Kiswani Abdelrahman of Palestine by 2-1 in the Losers Bracket Round 1 before going down by 1-2 against Aldhafiri Meshari of Kuwait in the Losers Bracket Round 2 to exit the competition.
On Tuesday, two of the country’s most distinguished Street Fighter V: Champion Edition athletes, Mayank Prajapati (MiKeYROG) and Ayan Biswas (AYAN01) will embark on their pursuit for a medal from the Round of 32 stage. Mayank will go head to head against T.F. Rajikhan of Saudi Arabia while his teammate, Ayan Biswas, will be up against K.H.C Nguyen of Vietnam.
Following the Street Fighter V: Champion Edition fixtures, the nation’s star-studded League of Legends which has been seeded directly to the quarter-finals will begin its campaign on 27 September. As a result of dominating the recently held Central and South Asia seeding event and clinching top seed, the team has gained direct entry into the top-8 of the tournament and will face Vietnam in its tournament opener.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
