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Weekly Business Updates: From Tesla’s potential India entry to iPhone 16E

by Ishaan Negi
February 23, 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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From significant acquisitions in online gaming to Tesla’s much awaited debut in India, the business and technology world is undergoing profound changes. Here is a detailed look at six significant breakthroughs that are changing the technical and economic landscape of India.

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Head Digital Works Acquires Adda52 for ₹491 Crore: A Game-Changer in Online Poker

With Head Digital Works (HDW) purchasing Deltatech gambling Limited (DGL), the parent firm of Adda52, for ₹491 crore, the Indian real-money gambling market is rapidly changing. This historic agreement strengthens HDW’s position in online poker, a market that has been rapidly expanding in India.

Head Digital Works Buys Adda52 Parent For INR 491 Cr

Credits: Inc42

Since real-money gaming is under regulatory scrutiny, it is anticipated that industry innovation and legitimacy would increase as a result of important businesses consolidating. Already a major force in online poker, Adda52 will now gain access to HDW’s technology know-how and marketing network. This action creates the conditions for a more vibrant gaming industry in India by escalating rivalry with rivals like MPL and PokerBaazi.

Gautam Adani’s Net Worth Drops $12 Billion Amid Market Decline

Since the start of 2025, Indian billionaire Gautam Adani has lost an incredible $12 billion, giving him the second-biggest loss in the world’s wealth rankings. Investor confidence has been severely impacted by the steep decline, which comes after a 13% decline in Adani Group stocks.

Adani’s current net worth is $66.8 billion, based on the Bloomberg Billionaires Index. Elon Musk, the CEO of Tesla, is the only person who has lost more money during this time; his fortune dropped by an astounding $35.2 billion. The decline in Adani’s fortune draws attention to the stock market’s volatility in India as well as investor worries about corporate governance, global economic trends, and regulatory obstacles.

Google Pay Introduces Convenience Fee on Card Transactions

By charging a convenience fee to consumers using credit and debit cards, Google Pay has taken a risk. The new fees mark a change in the digital payments environment and vary from 0.5% to 1% of the transaction amount (plus GST).

Due to this action, many users may now reevaluate their chosen payment methods, which could change consumer behavior. The implementation of transaction fees on card payments may encourage more customers to use alternative payment methods or direct bank transfers even though UPI transactions are still free. This move by Google Pay may create a precedent for other fintech companies in India, as digital payment companies are looking for long-term revenue streams.

Credits: trak.in

Apple Launches iPhone 16E with ‘Made in India’ Focus

Apple’s dedication to manufacture in India has advanced significantly with the release of the iPhone 16E, a modernized model of the iPhone SE (2022). In contrast to its predecessors, this model has been manufactured in India from the beginning to serve both export and domestic markets.

This action is consistent with Apple’s overarching plan to diversify its supply chain outside of China. Apple may be able to provide competitive pricing through local production, bolstering India’s standing as a major global manufacturing base. Additionally, this supports the Indian government’s “Make in India” campaign, which increases employment and the production of local components.

India to Ban 119 Foreign Apps, Many Linked to China

India intends to restrict 119 apps, many of which are connected to China and Hong Kong, as part of its ongoing regulatory crackdown on foreign apps. In accordance with Section 69A of the IT Act, the government is taking action to protect public order, sovereignty, and national security.

Only fifteen of these apps have been prohibited thus far, though, which raises concerns about the enforcement procedure. The action comes after earlier widespread prohibitions on Chinese apps such as PUBG Mobile and TikTok. In the upcoming months, India’s crackdown on foreign internet platforms is anticipated to get more intense due to growing geopolitical tensions and cybersecurity concerns.

India Blocks 119 Apps on Google Play Store, Majority Linked to China & Hong Kong

Credits: CNBC TV 18

Tesla’s India Entry: High-Stakes Meetings Set for April

It looks like Tesla may finally make its long-awaited debut in India! Key Indian government leaders, including those from the Prime Minister’s Office (PMO), the Ministry of Heavy Industries, and the Ministry of Commerce, will meet with senior Tesla executives in April.

The timing is perfect: India just reduced import taxes on EVs costing more than $40,000 from 110% to 70%, which makes it easier for Tesla to enter the market. Tesla has the ability to completely transform India’s EV ecosystem by introducing state-of-the-art technology, innovative battery designs, and possibly even domestic production if these talks are fruitful. The debut of Tesla has been widely anticipated by Indian consumers, who may finally get to drive a Model 3 or Model Y in 2025.

Tags: #gautam_adani#iphone16EBusinessGoogle PayiPhone
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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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