Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

Betting ads mushroom in India's regulatory grey zone

Mint Mumbai

|

April 15, 2025

Banned betting sites are piggybacking on popular platforms again, as India's taxmen and regulators play whack-a-mole with shady operators from distant shores.

- Sakshi Sadashiv

Betting ads mushroom in India's regulatory grey zone

Betting ads have popped up on grocery app Zepto and on taxis operated by an Uber fleet provider, while items branded lxBat, a mirror name for betting app 1xBet, sell on Amazon. Ads have also appeared on ATMs, billboards, metro stations as well as in print.

India has banned and blocked hundreds of offshore gambling platforms, but many of them still operate through so-called mirror sites—replicas of the original with a near-identical URL, and hosted on a different server. Meanwhile, many celebrities endorse and keep the betting platforms in public view, while tax authorities stare at lost revenue.

Everest Fleet, Uber's biggest cab provider, said it became aware of the ads recently and takes the matter seriously. "Immediate steps are being taken to address the situation and ensure the removal of these ads. While we collaborate with partners for campaign management, we remain committed to reviewing future campaigns more closely. We are committed to maintaining the trust of our customers and partners and will continue to improve our processes to prevent such occurrences in the future," a spokesperson said.

Everest is Uber's biggest cab provider, operating thousands of vehicles. In September, Uber invested $30 million in the company. An Uber spokesperson did not respond to queries.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

Defence signals

The US has approved the sale of Excalibur projectiles and Javelin missile systems to India in a deal valued at about $93 million, according to the US Defense Security Cooperation Agency.

time to read

1 min

November 21, 2025

Mint Mumbai

Mint Mumbai

Small loans against property begin to sour for non-banks

Indian lenders are seeing the stress in their microfinance books gradually spread to their secured portfolios as overleveraged customers delay repayments. This comes less than a year after the Reserve Bank of India warned of a spillover.

time to read

3 mins

November 21, 2025

Mint Mumbai

Mint Mumbai

LIFE OF VI: HOW INDIA AVERTED A TELCO DUOPOLY

The inside story of how the Centre created a limited legal reopening to prevent Vi's collapse

time to read

9 mins

November 21, 2025

Mint Mumbai

Kirin in talks to recast B9, has no plan to sell stake

Japan's Kirin Holdings, among the largest shareholder in B9 Beverages, that operates Bira, is holding joint discussions with stakeholders and creditors of the beer-maker to restructure the existing business including the management and business strategy as the company navigates a funding crunch and employee unrest.

time to read

2 mins

November 21, 2025

Mint Mumbai

Mint Mumbai

Cracks are appearing in OpenAI’s dominant facade

THE 21ST-CENTURY tech landscape was built with a winner-takes-all mindset. It started with Microsoft’s Windows monopoly at the end of the 1990s. Since then Alphabet-owned Google has cornered search and Amazon has become the king of e-commerce. Meta, too, has blanketed much of the world with social media—though on November 18th, a judge in Washington, DC, spared it the ignominy of being declared a monopolist.

time to read

2 mins

November 21, 2025

Mint Mumbai

DATA RECAP: THE WEEK IN CHARTS

From widening trade gaps caused by US tariff headwinds and surging gold imports, to a rise in the urban unemployment rate in October, shifting consumption patterns in the economy

time to read

2 mins

November 21, 2025

Mint Mumbai

Mint Mumbai

Automation hits tech jobs as GCCs dial back on hiring

Automation is beginning to reshape India's tech-hiring landscape, with global capability centres (GCCs) pulling back on routine recruitment-intensifying the slowdown already hitting large staffing firms dependent on information technology (IT) hiring.

time to read

2 mins

November 21, 2025

Mint Mumbai

Bluechips lift Street to a 13-month high

Eyes on Q3 earnings as Nifty crosses 26,200, FPIs turn positive

time to read

3 mins

November 21, 2025

Mint Mumbai

Mint Mumbai

Delhi's toxic air: Do we have an adaptation plan?

The national capital has seen two citizen-led protests in November over worsening air quality in the region. Doctors have called the winter air pollution in Delhi a public health emergency, urging stringent measures. Mint explores the issue.

time to read

2 mins

November 21, 2025

Mint Mumbai

Mint Mumbai

Automation hits tech jobs as GCCs too dial back on hiring

Quess ended last quarter with ₹3,832 crore in revenue, up 5% sequentially.

time to read

1 mins

November 21, 2025

Listen

Translate

Share

-
+

Change font size