Prøve GULL - Gratis

Gamers lose over long term, apps didn't stop huge losses

Mint Mumbai

|

August 21, 2025

The Centre is pushing ahead with a ban on real-money online gaming, citing widespread financial losses and societal harm, a move that threatens to shutter dozens of startups in what was once a sunrise sector.

- Shouvik Das

Union minister for IT and broadcasting Ashwini Vaishnaw said the clampdown on online gaming is not a "knee-jerk" reaction, but a response to thousands of complaints from users who have lost thousands of crores against companies like Dream11 and Rummy Circle.

"Without checks and balances, these companies have time and again refused to safeguard the interest of citizens," Vaishnaw said in an interview. "We found irrefutable proof that the algorithms of online gaming firms are built in such a way that no user can ever emerge as a net winner in the long run."

Lok Sabha on Wednesday passed the Promotion and Regulation of Online Gaming Bill, 2025, approved by the Union cabinet a day earlier. The bill now goes to the Rajya Sabha and further to the President for assent, before it becomes law. Vaishnaw said that if the bill does not go to a special committee for vetting, his ministry will move to notify the bill tentatively "within the next three months."

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Mint Mumbai

Sebi to revamp settlement rules, curb penalties

India’s capital markets regulator has initiated a review of its rules on case settlement to simplify calculations and address concerns on stringent conditions and inflated penalties, three people familiar with the matter said.

time to read

3 mins

November 15, 2025

Mint Mumbai

Investors dump tech shares as shutdown relief evaporates

Wall Street's relief at the end of the government shutdown gave way on Thursday to new fears about a flood of delayed economic data, the prospect of slowing interest-rate cuts and the extreme valuations of tech giants.

time to read

3 mins

November 15, 2025

Mint Mumbai

Mint Mumbai

Tata Motors rejects Maruti’s call for softer emissions on small cars

A rift between India’s top automakers over emission norms has burst into the open. Tata Motors Passenger Vehicles Ltd on Fri day publicly rejected calls for easing norms for small cars, directly countering market leader Maruti Suzuki India Ltd’s longstanding demand for relaxed standards.

time to read

2 mins

November 15, 2025

Mint Mumbai

Tata Motors PV slips into a loss in Q2 as JLR woes mount

JLR cuts operating profit margin guidance for 2025-26 fiscal year amid multiple headwinds

time to read

3 mins

November 15, 2025

Mint Mumbai

Mint Mumbai

Centre to roll over electric bus and truck incentives to FY27

The ministry of heavy industries has asked the finance ministry to shift the allocation for financial incentives to encourage the purchase of e-trucks and e-buses to next year's budget, according to two people aware of the development.

time to read

1 mins

November 15, 2025

Mint Mumbai

Mint Mumbai

Relief on specialty steel likely

Govt plans to temporarily suspend strict quality-control rules for importing 55 products to address supply gaps

time to read

3 mins

November 15, 2025

Mint Mumbai

Mint Mumbai

The bespoke tailor to the stars

Meet Madhav Agasti, the self-taught designer who has created costumes for heroes and villains for 50 years

time to read

5 mins

November 15, 2025

Mint Mumbai

Mint Mumbai

Wakefit boosts listing size, seeks pre-IPO fundraise

Home-furnishings brand Wakefit is gearing up for a ₹1,400-crore public listing in early December, three people with knowledge of the matter said.

time to read

2 mins

November 15, 2025

Mint Mumbai

Govt defers safety rules for electrical devices, machinery

Centre scraps rollout date, a day after withdrawing 14 QCOs for imported petrochemicals and industrial raw materials.

time to read

2 mins

November 15, 2025

Mint Mumbai

India Inc.’s new hiring play: Bring in industry outsiders

Firms believe hiring from other sectors will question existing practices, enable new work styles

time to read

2 mins

November 15, 2025

Listen

Translate

Share

-
+

Change font size