The Karnataka High Court, on February 14, struck down the state’s recent online gambling law as unconstitutional, providing a major relief to the skill-based gaming firms that had shut down operations in the state.
This judgement will likely pave the way for fantasy sports and gaming firms such as Dream11, Mobile Premier League, Games24x7 (RummyCircle, My11Circle), and Ace2Three make a comeback in the state.
The Karnataka High Court had on December 22 reserved its judgement after concluding the hearings from a series of petitioners that included industry associations, gaming companies and individuals who had challenged the law.
Rahul Bajaj, one of India’s top industrialists and chairman emeritus of Bajaj Auto Ltd passed away in Pune. He was 83.
Rahul played a key role in industry bodies around the world like World Economic Forum and CII and was very well respected.
Bajaj companies have presence across segments such as automobiles, general and life insurance, investment and consumer finance, home appliances, electric lamps, wind energy, special alloy and stainless steel, material handling equipment and travel.