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Post gaming bill, questions aplenty for Indian cricket

The New Indian Express Anantapur

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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'.

The New Indian Express Anantapur'den DAHA FAZLA HİKAYE

The New Indian Express Anantapur

‘Our profitability is better than many bigger industry peers’

CANARA Bank reported a net profit of %4,774 crore in Q2 FY26, up 19% year-on-year, driven by improved asset quality and growth in advances. Yet the bank’s net interest income fell by 2% and net interest margin fell to 2.52%.

time to read

2 mins

November 03, 2025

The New Indian Express Anantapur

The New Indian Express Anantapur

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 Anantapur

The New Indian Express Anantapur

Ahead of talks, MHA asks Ladakh bodies to submit fresh draft of demands

AHEAD of the talks with Ladakh leaders, the Ministry of Home Affairs (MHA) has sought a fresh detailed draft from Leh Apex Body (LAB) and Kargil Democratic Alliance (KDA) on their charter of demands.

time to read

1 min

November 03, 2025

The New Indian Express Anantapur

AT IIM AHMEDABAD, CURIOSITY HAS AN ADDRESS

India’s ‘unicorn factory’ didn’t happen by accident; it grew from classrooms where leadership is questioned, tested, and reinvented

time to read

2 mins

November 03, 2025

The New Indian Express Anantapur

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 Anantapur

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

The New Indian Express Anantapur

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 Anantapur

The New Indian Express Anantapur

'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 Anantapur

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 Anantapur

The New Indian Express Anantapur

HOW TO MAKE SENSE OF THE IPO BOOM

INDIAN financial markets are set for another blockbuster year of initial public offerings (IPOs).

time to read

2 mins

November 03, 2025

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