Imran Fazal – storyboard18

Maharashtra, MIB to sign MoU for 240 acre creative hub development in Mumbai

IICT will also benefit from a 10-acre land parcel leased by MFSCDCL for 30 years and backed by a one-time budgetary grant of ₹391.15 crore from the central government.

This ambitious project follows the announcement of the Indian Institute of Creative Technologies (IICT) at Dadasaheb Phalke Film City in Goregaon.

Breaking: MIB and Maharashtra to establish global creative centre in Mumbai

As part of the long-term vision for nurturing creative talent, a Memorandum of Understanding was signed between the Ministry of Information and Broadcasting (MIB) and the Maharashtra government.

On Friday, Union Minister of Information and Broadcasting, Ashwini Vaishnaw, conducted a detailed review of the preparations for the event.

Maharashtra joins regulatory wave, eyes licensing system for online gaming

Maharashtra’s bold move also shines a light on a deeper structural issue: India’s fragmented regulatory ecosystem. Multiple states are now looking to regulate online gaming industry including Tamil Nadu and Karnataka.

Through this policy, Maharashtra government is aiming for two-pronged goal: protect consumers from fraud and deception, while simultaneously legitimizing a booming sector through legal and economic channels.

“Not late, just starting strong”: IT Minister Ashwini Vaishnaw on India’s AI leap

Opposition, civil society groups, and activists have been rallying against Section 44 (3) of the DPDP Act, claiming that it weakens the RTI Act, and demanded immediate repeal. Union Minister Ashwini Vaishnaw took it to X (formerly Twitter) to clarify.

The minister highlighted the global recognition India is receiving in the AI space, referencing a tweet by OpenAI CEO Sam Altman, noting the country’s enthusiastic adoption of AI.

Karnataka eyes year-end gaming regulation, but will it abandon its SC battle?

Karnataka government had passed the Karnataka Police (Amendment) Act, which sought to prohibit all forms of online gambling except for lotteries and horse racing.

In recent developments, the Karnataka government has shown a willingness to distinguish between legitimate skill-based gaming and illegal betting activities.

Zee Media approves 10-Year, 5% FCCB issue worth USD 465.9 Million

This strategic move aims to bolster Zee Media's financial flexibility and is aligned with the External Commercial Borrowing (ECB) guidelines issued by the Reserve Bank of India.

The bonds will be issued on a private placement basis to UNICO Global Opportunities Fund Ltd. and Sun India Opportunities Investing Fund.

Tamil Nadu’s regulatory model not a fit for Karnataka, RMG stakeholders tell govt

Recently, Karnataka’s Minister for Information Technology and Biotechnology, Priyank Kharge, commented, “Illegal online gaming must be brought under control.

Special attention was given to why Tamil Nadu’s regulatory approach may not be suitable for Karnataka’s specific context, particularly given that betting and gambling fall under the State List of legislative authority.

SC to hear ₹2.5 lakh crore online gaming tax case on May 5

On Tuesday, Solicitor General N. Venkatraman and senior counsels representing the gaming firms appeared before the bench comprising Justices JB Pardiwala and R. Mahadevan.

Apex court’s verdict will not only decide the fate of India’s online gaming industry but also set a critical precedent for how digital innovation is taxed and regulated in the country.

Trade wars & AI: Sir Martin Sorrell predicts a new era of faster, smarter advertising

Sorrell’s message is clear: trade wars don’t happen in isolation. They infiltrate the economic bloodstream and affect every organ of the global body—including advertising.

Sorrell foresees an industry pivot where businesses, pressed by economic uncertainty, will lean harder into efficiency.

No insolvency for Zee: IDBI’s plea dismissed by Appellate Tribunal

In an official communication addressed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ZEEL confirmed that the appellate tribunal upheld the NCLT's order.

The appellate tribunal has also granted IDBI Bank the liberty to file a fresh plea against Zee Entertainment for defaults beyond the Covid moratorium period.