मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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कोशिश गोल्ड - मुक्त

Gaming ban puts billions of rupees in investor capital at risk

Mint Chennai

|

August 21, 2025

The new bill could also affect the plans of gaming companies that were preparing for initial share sales

- Sneha Shah & Priyamvada C.

Investors in real-money gaming startups are in wait-and-watch mode after the government unveiled a sweeping ban that could wipe out the billion-dollar industry.

The 'Promotion and Regulation of Online Gaming Bill 2025' bill was passed in the Lok Sabha on Wednesday by a voice vote amid protests by Opposition members. It will become law after it is cleared in the Rajya Sabha.

The bill treats fantasy games and online gambling alike, effectively criminalizing an industry that generated over $2 billion in revenue last year.

Bankers and investors

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Mercedes Expects Best Festive Season

The recent GST rate cut is likely to make the upcoming festive season the 'best-ever' for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India managing director and chief executive officer Santosh Iyer said.

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Indian Market Resilient; Stocks Could Touch New Highs by March

Over the long term, say 7 to 10 years, small and midcaps will be the real winners A. Balasubramanian, managing director and chief executive of Aditya Birla Sun Life AMC

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Top Debtor States Seek More From Finance Commission

Greater fiscal relief, revamped criteria for tax revenue sharing, special funds among demands

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Insurance law revision likely next session: FM

The Insurance Amendment Bill, which proposes 100% foreign direct investment in the sector, is likely to be introduced in parliament in the winter session, finance minister Nirmala Sitharaman has said.

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When street dogs, cats bring the office closer

When colleagues work towards a collective goal like looking after community animals, it offers them a sense of purpose

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COP-30: Use carbon trading to win climate leadership

An efficient and credible carbon market can give India a chance to lead a global agenda that's fair to everyone

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Small stores, bold ambitions: Ikea to ramp up presence

Ikea India plans to add 3-4 small city stores over 10 months, shifting focus from large-format outlets to compact spaces

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