Ergo Newsflash

The government recently notified the Promotion and Regulation of Online Gaming Act 2025, which imposes a complete ban on 'online money games'.

In a landmark ruling on a foreign entity’s taxable presence in India, the Supreme Court in Hyatt International Southwest Asia Ltd. v Additional Director of Income-tax, 2025 INSC 891 held that the existence of sustained, pervasive, and enforceable control over a hotel’s strategic, operational, and financial affairs is sufficient to constitute a ‘Permanent Establishment’ (PE) of a foreign enterprise in India.

In the board meeting held on 18 June 2025 (Board Meeting), the Securities and Exchange Board of India (SEBI) introduced a series of reforms to facilitate ease of doing business and align regulatory provisions to the evolving market needs across the Alternative Investment Funds (AIFs), Venture Capital Funds (VCFs), Portfolio Management Services (PMS) and Foreign Portfolio Investors (FPI) ecosystem.

The 55th GST Council Meeting, a highly anticipated event amidst widespread discussions on rate restructuring, carried significant expectations. Among the key reasons for its critical importance was the potential for policy and rate rationalization, promising far-reaching economic and social impacts while aiming to restore investor confidence and affirm opposition to retrospective levies.

Government of India has invited public comments on the proposed amendments to the Insurance Act, 1938 (Insurance Act).

The Competition Commission of India (CCI), in its order dated 18 November 2024 (Order), has imposed a penalty of INR 213.14 crore (~ USD 25 million) on Meta Platforms, Inc. (Meta) for abusing its dominant position in the market for Over-the-Top (OTT) messaging apps through smartphones in India (OTT Messaging Market)