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Firms Prep Challenge to Gaming Ban at Karnataka HC This Week

Mint Hyderabad

|

August 26, 2025

At least five parties are planning to file an appeal against the law that banned the multi-billion-dollar industry last week, seeking recourse by citing Article 19 of the Constitution at the Karnataka High Court, three people aware of the matter said.

- Shouvik Das

The online money gaming industry, which generated nearly $3 billion in revenue until the last fiscal, is hoping for a partial strike-down of the law that has already received the President's assent—and only waits for a formal Gazette notification to be brought into effect.

Key grounds in its arguments include the constitutionality of the law, as well as parity with real-world equivalent offerings.

FLERE HISTORIER FRA Mint Hyderabad

Mint Hyderabad

CCI clears Torrent's JB stake buy proposal

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared Torrent Pharmaceuticals Ltd's proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies.

time to read

1 min

October 22, 2025

Mint Hyderabad

'Balanced India-US portfolios fared better'

Saurabh Mukherjea has a simple message for investors in Indian equities: it's time to look beyond. The chief investment officer and co-founder of Marcellus Investment Managers believes that with jobs in India drying up due to the US tariffs, consumption slowdown and tepid corporate earnings, it “will be tough for a market already trading at record-high valuations to move any further”.

time to read

2 mins

October 22, 2025

Mint Hyderabad

Mint Hyderabad

NITI Aayog proposes new panel to supercharge net-zero push

India’s top government think-tank has called for setting up a panel to guide policy and coordinate multi-ministry efforts on climate action and energy transition, two people aware of the development said.

time to read

1 mins

October 22, 2025

Mint Hyderabad

Reliance seeks to buy Middle East oil

Reliance Industries Ltd bought Middle Eastern crudes last week and may place more orders, ina sign that Western pressure against Russian flows may be starting to impact its procurement patterns.

time to read

1 min

October 22, 2025

Mint Hyderabad

Deloitte's AI debacle in Australia isa warning for all early adopters

That a report riddled with AI hallucinations was sent to a government should be a wake-up call

time to read

3 mins

October 22, 2025

Mint Hyderabad

Jio-BP’s Q2 petrol, diesel sales up 34%

Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34% rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network.

time to read

1 min

October 22, 2025

Mint Hyderabad

Recent Nobel prizes for economics seem rich in irony

This year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded “for having explained innovation-driven economic growth,” with one half to Joel Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Philippe Aghion and Peter Howitt “for the theory of sustained growth through creative destruction.”

time to read

3 mins

October 22, 2025

Mint Hyderabad

Mint Hyderabad

Gold, silver fall as traders take stock of record rallies

Gold and silver slid as traders took stock of record-breaking rallies, with technical indicators looking stretched while US-China tensions ease.

time to read

1 mins

October 22, 2025

Mint Hyderabad

Non-banks are making markets nervous again

As sudden banking strains in the US show, the growth of non-banks is a mixed blessing, especially if they use bank funds for lending. The motto should be 'better safe than sorry'

time to read

2 mins

October 22, 2025

Mint Hyderabad

Mint Hyderabad

Venu Srinivasan reappointed for life at Tata Trusts

Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life and all eyes are now on the upcoming decision regarding Mehli Mistry’s renewal, amid reported internal divisions within the organisation.

time to read

2 mins

October 22, 2025

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