Indian Online Gaming Bill and Key Stock Movements Dominate Market Focus
The Union Cabinet's approval of the Promotion and Regulation of Online Gaming Bill, 2025, has sent ripples through India's multi-billion-dollar real-money gaming sector. The proposed legislation, set for parliamentary tabling this week, targets platforms like Dream11 and PokerBaazi, putting gaming stocks such as Delta Corp, Nazara Technologies, and OnMobile Global under investor scrutiny.
Corporate reshuffling continues as Info Edge's CFO Chintan Thakkar tenders resignation, with Ambarish Raghuvanshi poised to take interim financial leadership. Meanwhile, VA Tech Wabag secures a ₹118 crore O&M contract in Bahrain, demonstrating India's growing infrastructure export capabilities.
In fintech developments, Motilal Oswal Mutual Fund increased its stake in Paytm parent One 97 Communications beyond 5%, signaling continued institutional confidence in India's digital payment ecosystem despite recent regulatory challenges.