Bombay High Court questions Volkswagen’s defence in $1.4 billion tax case

The case concerns a show-cause notice (SCN) issued by Customs authorities, alleging that Volkswagen misclassified its imports of Audi, Škoda, and Volkswagen vehicles between 2012 and 2024

A bench comprising Justice B.P. Colabawalla and Justice Firdosh Pooniwalla rejected Volkswagen’s argument that CKD classification applies only when all parts arrive as a single kit.

India’s entertainment industry battles a relentless foe: Digital Piracy

Streaming Pakistani channels in India is illegal and poses a potential national security threat. The Kerala Police are now considering filing more serious charges against the accused, depending on further investigations.

Despite advanced security measures, streaming platforms and filmmakers struggle to curb the rapid spread of pirated content, costing billions in lost revenue.

Celebrities In Action: The rise of celeb investors in sports leagues

For leagues, celebrity association provides instant credibility, media traction, and fan engagement. For celebrities, it’s a way to diversify their investments beyond entertainment and into a space with long-term growth potential.

Celebrity investors are moving beyond endorsements and actively seeking opportunities that offer sustained fan engagement, strong business potential, and long-term value. Investing in sports leagues also position them as visionary leaders.

Tamil Nadu’s gaming law violates right to livelihood, EPWA files petition

At the previous hearing, the petitioners urged the court to declare certain sections of the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act of 2022 unconstitutional.

Storyboard18 had first reported about three Real Money Gaming (RMG) firms A23, Games 24×7 and Junglee Games filing a writ petition in Madras High Court seeking injunction on the newly enforced TNOGA Regulations, 2025.

EXCLUSIVE: A23, Games 24×7, Junglee Games take Tamil Nadu govt to court

It’s worth noting that in November 2023, the Madras High Court struck down the law banning online money games such as Rummy and Poker, declaring it "unconstitutional."

Storyboard18 had earlier reported that the RMG industry was preparing to take legal action against the Tamil Nadu government over its “blank hour” regulations, which would prohibit gaming between midnight and 5 AM.

Consumer advocacy groups demand ban on opinion trading platforms in India

The letter, written by CAIT's National President, B.C. Bhartia (a copy of which is with Storyboard18), highlights the rapid growth of opinion trading platforms, which have attracted over 50 million users in India.

Many advertisements, including influencer promotions, falsely portray earnings as risk-free, potentially violating ASCI and CCPA guidelines on deceptive promotions.

Australia slams Telegram with $1 million fine over delay in answering child abuse questions

Telegram maintains that it answered all of eSafety's queries last year and insists that the penalty, based solely on response timing, is both unfair and disproportionate.

Australia’s eSafety Commission penalizes messaging app over months-long delay in responding to inquiries on child abuse and extremist content controls.

Alibaba to invest $53 billion in AI as competition heats up

Alibaba's investment, which surpasses its total spending on AI and cloud computing over the past decade, will focus on expanding data centres and boosting computing power to support the next generation of AI applications.

Despite these concerns, Alibaba’s increased focus on AI has been well received by investors, with the company’s market value rising by over $100 billion in 2025.

India’s smartwatch shipments declined 30% y-o-y in 2024

In terms of smartwatch growth in India in 2024, Noise maintained its market leadership, while Titan demonstrated the fastest growth among the top five.

According to Counterpoint Research report India’s smartwatch market saw first major drop after several years of steady growth, due to weaker upgrade cycles and first-time buyers’ unsatisfactory user experiences.