Mit Magzter GOLD unbegrenztes Potenzial nutzen

Mit Magzter GOLD unbegrenztes Potenzial nutzen

Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur

$149.99
 
$74.99/Jahr

Versuchen GOLD - Frei

Real-money gaming staff now stare at unemployment

Mint Mumbai

|

August 21, 2025

Ban threatens jobs of over 200,000 persons employed with 400 online gaming companies

- Shouvik Das & Devina Sengupta

Real-money gaming staff now stare at unemployment

On Wednesday, at 5am, a senior executive who tests games for MPL was woken up with a call from his parents. He never gets a call that early and thought it was some kind of emergency. "Do you have your job?" they asked. He was flabbergasted at the line of questions, and while they hounded him with questions, he saw missed calls from his brother as well. He had no idea until he saw the messages from his friends, colleagues and even former colleagues asking him what would happen next.

The MPL employee is among 200,000 employed with 400 online gaming companies whose future is at stake as the government aims to bring down the shutters on fantasy sports, online rummy, poker, and other real-money games.

On Wednesday evening, The Promotion and Regulation of Online Gaming Bill, 2025, was cleared in the Lok Sabha. Online gaming firms, with this move, find themselves one step closer to facing a blanket ban of their services in India—subject to it being cleared in the Upper House as well.

Union IT minister Ashwini Vaishnaw said on Wednesday that while there will be job losses from online gaming firms, the government's Bill also facilitates promotion of esports and casual gaming ventures—which will help migrate many of the jobs lost.

WEITERE GESCHICHTEN VON Mint Mumbai

Mint Mumbai

Sebi, RBI plan easy int'l investor entry

The Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are in advanced discussions to ease entry processes for new overseas investors, four people aware of the matter said, at a time of weak foreign flows in the economy.

time to read

1 min

September 24, 2025

Mint Mumbai

Fortis to expand obesity clinics

Fortis Healthcare plans to open more dedicated obesity clinics across its hospitals to meet surging demand for weight-loss drugs and therapies in the world’s most populous nation, its managing director and chief executive, Ashutosh Raghuvanshi, said in an interview earlier this month.

time to read

1 min

September 24, 2025

Mint Mumbai

Why Sebi-registered advisers are dwindling despite eased norms

Shrinking number of Sebi-registered advisers means fewer options for investors seeking conflict-free advice

time to read

4 mins

September 24, 2025

Mint Mumbai

Nvidia-OpenAl: A clinch we should all be wary of

This deal is aimed at a data centre build-up but what's win-win for Al businesses need not work out well for the rest of us. Nobody should get to dominate AI. It’s much too important

time to read

2 mins

September 24, 2025

Mint Mumbai

Mint Mumbai

Pepperfry buyout set to reveal cracks in online furniture retail

Pepperfry's falling revenue and abandoned IPO were proof of a rapidly changing landscape

time to read

3 mins

September 24, 2025

Mint Mumbai

Accenture eyes new Andhra campus

Tech consultancy Accenture has proposed setting up a new campus of about 10 acres in Andhra Pradesh’s port city of Visakhapatnam, aiming to eventually add about 12,000 jobs to its workforce in India, three people familiar with the matter said.

time to read

1 min

September 24, 2025

Mint Mumbai

L’Oréal has eyes for Armani’s profitable beauty biz alone

L’Oréal SA, named by Giorgio Armani as a potential investor in the late Italian fashion mogul’s eponymous business, would only be interested in its profitable beauty arm, according to a person familiar with the matter.

time to read

2 mins

September 24, 2025

Mint Mumbai

Mint Mumbai

Nato pledges ‘robust’ response to Russian airspace breaches

The North Atlantic Treaty Organization (Nato) promised a “robust” response to Russian incursions into its airspace and said it would use all options, including military, to defend itself.

time to read

1 min

September 24, 2025

Mint Mumbai

Centre appoints 49 drug inspectors

Six months after a government report showed an alarming shortage of drug inspectors in the country, the Union health ministry appointed 49 to the role.

time to read

1 min

September 24, 2025

Mint Mumbai

MID-& SMALL-CAP FUNDS: WEALTH ENGINE OR RISK?

In recent years, midand small-cap funds have taken centre stage in investor conversations.

time to read

2 mins

September 24, 2025

Listen

Translate

Share

-
+

Change font size