Parliament Clears Online Gaming Bill
Your daily dose of business news
🗞️ Govt Clears ₹6,982 Cr for BSNL Capex
The Cabinet approved fresh funding to accelerate BSNL’s 4G/5G rollout and network modernisation, aiming to strengthen state-run competitiveness.
🗞️ Parliament Passes Online Gaming Bill
Lawmakers cleared the Online Gaming Bill to regulate real-money platforms, player protection and compliance.
💬 Expert Take: “Clear central rules can unlock responsible growth and VC flows, but state alignment and tax clarity will decide pace of adoption.”
🗞️ Centre Nets ₹1.42 Lakh Cr via Monetisation
The government has raised asset monetisation proceeds of ₹1.42 lakh crore till FY25, led by roads, power and rail assets.
🗞️ Proposed GST Changes May Strain Federal Ties
Upcoming reforms could intensify Centre–State fiscal tensions over revenue share and compensation timelines.
💬 Expert Take: “If calibrated well, rationalisation can lift compliance and buoyancy; a poor rollout risks litigation and deferred capex at the state level.”
🗞️ Kyndryl to Invest $2.25B in India
IT infra major Kyndryl plans multi-year India investment to expand data centres and AI-led services.
🗞️ Avanse Raises $200M via ECB
Education-focused NBFC boosted lending firepower with a $200 million ECB to scale student financing.
🗞️ MF Industry Seen at ₹400 Lakh Cr by 2035
Union MF projects 16–18% CAGR for mutual funds, driven by SIPs and digital penetration.
📊 Market Update
Sensex: 82,000.71 ▲ +142.87 (+0.17%).
Nifty 50: 25,083.75 ▲ +33.20 (+0.13%).
Nikkei 225 (Thu close): 42,610.17 ▼ −278.38 (−0.65%).
SSE Composite (Thu close): 3,771.10 ▲ +0.13%.
USD/INR: 87.26 ▼ −0.19 (Rupee weaker).
Gold (MCX Oct): ~₹10,022 and 10 grams.