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Post gaming bill, questions aplenty for Indian cricket

The New Indian Express Kalaburagi

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August 21, 2025

If bill becomes law, the wider sporting establishment may be forced to look for sponsors; gaming companies may challenge constitutional validity in court

- SWAROOP SWAMINATHAN/GOMESH S @ Chennai

INDIA's burgeoning real money online gaming industry faces one of its biggest challenges after the Lok Sabha, on Wednesday, passed the Promotion and Regulation of Online Gaming Bill, 2025. If the Bill becomes law, the entire ecosystem, touted to be valued at over Rs 2 lakh crore, may crumble.

A day before it was tabled in the Lok Sabha, the industry, led by its three associations—the Federation of Indian Fantasy Sports (FIFS), E-Gaming Federation (EGF), and the All India Gaming Federation (AIGF)—wrote a letter pleading their case. "Such a blanket prohibition," they addressed to the home ministry, "would strike a death knell for this legitimate, job-creating industry and would cause serious harm to Indian users and citizens. This Bill, if passed, will shut down regulated and responsible Indian platforms, driving crores of players into the hands of illegal matka networks, offshore gambling websites, and fly-by-night operators who operate without safeguards, consumer protections, or taxation." It further stated that this industry was a 'sunrise sector'.

FLERE HISTORIER FRA The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

IIHL, Invesco Mutual Fund form JV

INDUSIND International Holdings Limited (IIHL), the promoter of IndusInd Bank, and Invesco Ltd. (Invesco) have completed formation of their asset management joint venture (JV) following ITHL’s acquisition of a60% ownership stake in Invesco Asset Management India (IAMD).

time to read

1 min

November 03, 2025

The New Indian Express Kalaburagi

Two children among 6 dead in Russian blitz on Ukraine

RUSSIA fired a wave of drones and missiles at Ukraine overnight, killing at least six people including two children and cutting power to tens of thousands, officials said Sunday.

time to read

1 min

November 03, 2025

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

'Sweden to handhold India to comply with CBAM norms'

SWEDEN will be helping India to develop industry and make more sustainable model that will help India cater to the rules and regulations of Carbon Border Adjustment Mechanism (CBAM), confirmed Sara Modig, state secretary, Ministry of Environment & Climate, Government of Sweden.

time to read

1 min

November 03, 2025

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

Groww initial public offer: Founders, early investors to gain up to 5,100%

THE promoters and the early investors of Billionbrains Garage Ventures, the parent of the country’s largest brokerage Groww, are going to make a killing from the %6,632 crore IPO that’s opening on Monday because their acquisition value is only a fraction of the post-issue valuation of the company that’s at $61,735 crore at the upper end of price band. Some of them will be making a windfall gains of up to5,100%, while the lowest return is 1,700%.

time to read

1 min

November 03, 2025

The New Indian Express Kalaburagi

77 foreigners among 1.1K run for J&K tourism

IN the first major event held in the Valley after the Pahalgam terror attack in April, the second edition of Kashmir Marathon 2025 was organised in Srinagar on Sunday to revive tourism and promote Kashmir as a global hub for sports and adventure.

time to read

1 min

November 03, 2025

The New Indian Express Kalaburagi

Six-month deadline set to finalise heritage by-laws

TO ensure speedy and transparent approval of construction and repair works in the vicinity of the protected historical sites, the National Monument Authority (NMA) has embarked on finalising the Heritage Bylaws (HBLs) for 141 monuments.

time to read

1 mins

November 03, 2025

The New Indian Express Kalaburagi

Covid death relief only for 500 docs' kin: RTI

ONLY 500 families of doctors who succumbed to COVID-19 during the first and second waves have been compensated by the government so far, latest RTI data has revealed.

time to read

2 mins

November 03, 2025

The New Indian Express Kalaburagi

India clinch third T20I vs Australia

WASHINGTON Sundar hit an unbeaten 49 as India chased down 187 to beat Australia by five wickets in the third Twenty20 international on Sunday and level the series.

time to read

1 min

November 03, 2025

The New Indian Express Kalaburagi

Iran vows to rebuild nuclear sites stronger than before

IRAN said on Sunday that it would rebuild nuclear sites damaged by Israeli and US strikes “stronger than before”, as mediator Oman urged Tehran and Washington to revive stalled diplomacy.

time to read

1 min

November 03, 2025

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

THE WEALTH OF MERCY

N the delicious interlude between Diwali and Dev Diwali, or Kartik Poornima, that's coming up on November 5, the thoughts of many devotees may frequently dwell on the abundance of Mahalakshmi. So, it seems appropriate to talk a little about her.

time to read

4 mins

November 03, 2025

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