WinZO's Rs 590 Cr Fund Freeze; Uday Shankar Predicts AI Will Boost India's Media Sector to 5%

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WinZO Rs 590 Cr Freeze, AI Boosts Media, HUL's Premium Push: Top Business News

The move has intensified scrutiny on overseas direct investments (ODI) by gaming companies and triggered fresh concerns over the absence of operational clarity under the newly enacted Promotion and Regulation of Online Gaming Act, 2025 (PROGA). (AI image: Unsplash)

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Storyboard•20-02-2026, 19:07

WinZO Rs 590 Cr Freeze, AI Boosts Media, HUL's Premium Push: Top Business News

•Enforcement Directorate freezes WinZO's assets worth ₹590 crore under FEMA, raising regulatory concerns for real-money gaming.
•Uday Shankar states AI can elevate India's media share from 2% to 5% of the $3 trillion global market.
•ED moves Karnataka HC to cancel WinZO Co-founder Saumya Rathore’s bail in PMLA case.
•India's print advertising grew 21% over 2021 levels, with the auto sector leading the 2025 revival, according to TAM data.
•HUL targets a 50% premium portfolio as Unilever focuses on India and the US for expansion, aiming for 45% combined revenue.

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