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Weekly Business News: Everything from the Mobikwik Spam to Ola Electric’s PLI Claim

by Ishaan Negi
September 20, 2025
in Business, Markets, News, Tech, Trending, World
Reading Time: 3 mins read
0
Weekly Business News: Top business updates in this week

Credits: Dreamstime.com

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In this article, we’ll look into six powerful stories—from billion-euro tech bets and bold infrastructure moves to everyday heroes braving the floods—that shaped headlines this week.

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SAP Bets €20 Billion on Sovereign Cloud, India Shines

Global tech giant SAP SE just dropped a bombshell—€20 billion for sovereign cloud infrastructure worldwide. And guess what? India is on the priority list. With data becoming the new oil, governments want their sensitive information stored locally. SAP’s sovereign cloud promises just that—security, compliance, and AI-powered growth. Martin Merz, President of SAP Sovereign Cloud, said India’s role will be pivotal. For a country racing ahead with Digital India and Atmanirbhar Bharat, this isn’t just an investment—it’s a confidence boost that puts India firmly on the global digital leadership map.

Credits: Asianet Newsable

Hyderabad Flooded, Delivery Agents Turn Saviours

Hyderabad turned into a water park this week—but not the fun kind. Heavy rains left streets drowning, bikes floating, and commuters stuck. In the middle of this chaos, a surprising group of heroes emerged: Zomato and Swiggy delivery agents. While most people struggled to wade through knee-deep water, these rain warriors pushed vehicles, rescued the stranded, and still managed to deliver food! Social media lit up with praise, calling them the real-life superheroes of the gig economy. When the city was underwater, these everyday workers showed what true grit looks like.

Credits: SakshiPost

Microsoft’s $30 Billion Love Letter to the UK

While India was buzzing about SAP, across the pond, Microsoft pledged $30 billion in the UK—its biggest bet yet on AI and cloud infrastructure. The timing? Spot on. U.S. President Donald Trump landed for his second state visit, and together they rolled out the shiny new “Tech Prosperity Deal.” Alongside AI, the deal spans nuclear energy and space innovation. For the UK, this isn’t just money—it’s a ticket to the next industrial revolution. With U.S. tech muscle backing it, Britain is gearing up to be a serious contender in the global AI arms race.

Credits: The Economic Times

MobiKwik’s ₹40 Crore Scam Sparks Alarm

India’s fintech scene just got a nasty wake-up call. Gurugram Police unearthed a ₹40 crore scam after a bug in the MobiKwik app let fraudsters quietly transfer money into over 2,500 bank accounts. Six masterminds are now behind bars, but the incident shook confidence in digital wallets. With India sprinting towards a cashless future, this scam highlights a dangerous gap: security isn’t keeping up with innovation. For users, it’s a reminder to stay cautious. For fintech companies, it’s a loud siren: fix your tech, or risk losing trust.

Credits: Global Newsmakers

Adani’s ₹1,342 Crore Highway Takeover

In infrastructure news, Adani Road Transport Limited (ARTL) is hitting the accelerator. On September 11, it snapped up 100% ownership of D P Jain TOT Toll Roads Private Limited in a deal worth ₹1,342 crore. Why does this matter? Because Adani isn’t just building roads—it’s building an empire of connectivity. This acquisition strengthens its position as a leader in India’s booming transport sector. Expect smarter toll management, tech-driven highways, and smoother commutes. For millions of Indians hitting the road daily, Adani’s expansion is set to redefine the driving experience.

Credits: Rediff Money

Ola Electric’s Bold ₹400 Crore PLI Claim

And finally, the EV battlefield is heating up. Ola Electric has filed a ₹400 crore claim under the government’s Production Linked Incentive (PLI) scheme for FY25. But this isn’t just paperwork—it’s a statement. Ola wants to supercharge its factories, scale up EV production, and dominate the two-wheeler space. With competition rising, this claim signals Ola’s intent to stay ahead of the pack. More EVs on the road means fewer imports, less pollution, and a stronger domestic ecosystem. Ola is not just building scooters—it’s trying to lead India’s green mobility revolution.

Credits: Mint
Tags: #hyderabad_rains#ola_electricadaniMicrosoftMobikwikSAP
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Ishaan Negi

Ishaan is a student at Sri Venkateswara College, University of Delhi, where he combines his academic pursuits with a deep passion for technology and storytelling. Ever since his school days, Ishaan has been an avid reader, a thoughtful writer, and an articulate speaker. These interests have naturally evolved into a strong inclination towards journalism, especially in the fast-paced world of tech. Known for his balanced approach, Ishaan is committed to presenting unbiased viewpoints and ensuring every story he tells is rooted in facts and multiple perspectives. Whether he’s reporting on emerging startups, corporate developments, or ethical issues in the tech space, he brings a sharp analytical lens and a curiosity-driven mindset to his work. With a strong foundation in research and communication, Ishaan strives to make complex topics accessible to readers while maintaining depth and nuance. His goal is not just to inform but also to spark thoughtful conversations around the ever-evolving tech landscape.

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