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News on Medial
Tamil Nadu notifies e-gaming rules; to come into force immediately
Economic Times
·
5m ago
Medial
The Tamil Nadu government has published the Tamil Nadu Online Gaming Authority (TNOGA) Regulations, 2025, which immediately came into effect. These regulations prohibit minors from playing real money games, require Aadhaar verification, and mandate pop-up warnings for prolonged play. Providers must offer options to set financial limits and display warnings about gaming addiction. However, implementing these state-specific regulations poses challenges, and experts suggest a unified national framework for real money gaming platforms could be more effective.
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TN law to place time, user curbs on all online games
Economic Times
·
1y ago
Medial
The Tamil Nadu administration is planning to regulate online and real money games by implementing time and usage restrictions. The initiative is being led by the Tamil Nadu Online Gaming Authority (TNOGA) and aims to address addiction and excessive gaming. The state government aims to set an example for other states dealing with similar issues. The TNOGA is also gathering information from companies to better understand the gaming industry and intends to compile comprehensive industry insights. Tamil Nadu was one of the first states to ban online gambling and games with stakes in April 2021. India's gaming market is projected to grow significantly in the coming years.
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KSH Infra to invest nearly $54 mn in South India logistics park
VCCircle
·
11m ago
Medial
Pune-based KSH Infra, a subsidiary of KSH Group, is set to invest around $54 million in a warehousing project in Hosur, Tamil Nadu. The company aims to tap into the strong industrial demand in southern India, particularly Tamil Nadu, by developing 1.25 million square feet of industrial and logistical assets. KSH Infra has already developed four industrial and logistics parks and plans to develop 10 million square feet over the next five years. The project in Tamil Nadu is expected to generate employment for over 1,800 people.
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‘Don’t know where these numbers are from...’: FM Nirmala Sitharaman hits back at claims that Tamil Nadu gets little
Business Today
·
3m ago
Medial
Finance Minister Nirmala Sitharaman refuted claims that Tamil Nadu receives minimal support from the Centre, emphasizing its significant share of Production-Linked Incentives (PLI). She highlighted that about 25% of PLI beneficiaries and 46 out of 257 PLI auto component applicants are in Tamil Nadu. Additionally, electronic manufacturing companies in Tamil Nadu benefit from PLI funds, and clusters have been allocated ₹1,100 crore. Sitharaman underscored that Tamil Nadu contributes more to the Centre than it receives.
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Online gaming companies move HC against regulations
Economic Times
·
4m ago
Medial
Online gaming companies have approached the Madras High Court challenging certain provisions of the Tamil Nadu Online Gaming Authority (Real Money Games) Regulations, 2025. The companies argue that mandatory KYC verification with Aadhaar and restricted gaming hours (midnight to 5 a.m.) are unconstitutional, hindering their business rights under Article 19 (1) (g). They claim these regulations are an indirect attempt to ban skill-based games, previously struck down by the court.
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States frame laws to regulate online gaming in absence of central policy
Economic Times
·
1y ago
Medial
The absence of a self-regulatory mechanism for online gaming in India has led to multiple regulatory efforts at both the state and central level. States like Tamil Nadu and Karnataka are working on laws to control online real money gaming, while the Telecom Regulatory Authority of India (Trai) is consulting on a proposed National Broadcasting Policy that includes a regulatory framework for online gaming. The Ministry of Electronics and Information Technology (MeitY) had initially proposed self-regulatory organizations (SROs) to regulate the sector, but these were not approved, resulting in the emergence of various regulatory measures by states. The lack of clear regulations has sparked ethical debates and interpretations about the nature of online gaming activities. Industry representatives are urging for the operationalization of amended IT rules and the need for regulatory clarity and consistency.
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28% GST on online gaming comes into effect tomorrow
Economic Times
·
1y ago
Medial
India has implemented a 28% Goods and Services Tax (GST) levy on online gaming, effective from October 1. Despite some state governments not passing the necessary legislation, the new regime will come into effect as planned. A detailed notification has been issued specifying the implementation date and applicable rules.
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SEBI tweaks Foreign Venture Capital Investors' registration, eligibility criteria
YourStory
·
10m ago
Medial
India's capital markets regulator, SEBI, has introduced new rules to streamline the registration process for Foreign Venture Capital Investors (FVCIs). The rules delegate the registration process to designated depository participants, bringing it in line with provisions for Foreign Portfolio Investors. The changes also allow Resident Indians, Non-Resident Indians, and Overseas Citizens of India to be constituents of FVCI applicants, subject to conditions. Currently, FVCIs must appoint a domestic custodian to monitor their investments in India and provide reports to SEBI. The amendments will come into force on January 1, 2025.
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IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN
YourStory
·
9m ago
Medial
- IndoSpace plans to invest up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu to strengthen its presence in the manufacturing sector. - The investment will support the growing manufacturing sectors like automobile and electronics in Tamil Nadu. - The move is expected to create over 8,000 new jobs and enhance the state's industrial infrastructure. - IndoSpace has already developed over 8.8 million sq ft of completed infrastructure in Tamil Nadu and has an additional 2 million sq ft under construction. - The company's presence in Tamil Nadu includes 15 Grade A parks spread across 649 acres, serving 66 tenants from various sectors. - IndoSpace has a total equity committed to Tamil Nadu of $380 million and offers a potential chargeable area of 15.4 million sq ft in the state.
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Samsung to invest $117 million in southern Indian facility, minister says
Economic Times
·
2m ago
Medial
Samsung Electronics is set to invest $117.09 million in its facility in southern India, following worker protests over suspensions. This move, announced by a Tamil Nadu minister, signifies Samsung's trust in the state's labor force, with plans to create 100 additional jobs. The plant, pivotal in Samsung's Indian operations, manufactures appliances and previously faced strikes over wages and union recognition. Samsung asserts legal compliance amidst union allegations of union-busting.
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Madras HC upholds Tamil Nadu’s restrictions on real money games
Economic Times
·
1m ago
Medial
The Madras High Court upheld Tamil Nadu's restrictions on real money games, including a ban on gameplay during midnight to 5 am and mandatory Aadhaar verification. Gaming companies challenged these under the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022. The court affirmed the state's regulatory authority based on public health and trade provisions. Additionally, the sector faces a 28% GST levy, with scrutiny over tax evasion amid its significant economic footprint.
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