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Weekly Business Updates: From TikTok’s Flicker to Tech Layoffs

by Ishaan Negi
August 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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India has seen its fair share of disruptions this week—nostalgic surprises, sweeping regulations, high-profile hospitalizations, corporate penalties, telecom shake-ups, and thousands of jobs lost. Each story reflects the volatile blend of technology, business, and society that defines the country’s current moment. In this article, we unpack the six developments that grabbed headlines.

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TikTok’s Sudden Reappearance: A Locked Shop With the Lights On

On Friday morning, Indians scrolling the internet were greeted with a blast from the past. Out of nowhere, TikTok’s website flickered back to life. Screenshots spread across X and Instagram, sparking a frenzy of speculation. Was the short-video giant making a comeback after its 2020 ban?

The excitement didn’t last long. Though the homepage opened, users couldn’t log in, upload, or even watch videos. On app stores, the TikTok app remained absent. It was as if the shopfront lights were turned on, but the doors stayed locked. For millions of creators who once lived and breathed TikTok, the glitchy reappearance was both nostalgic and cruel.

Credits: Business Today

Gaming Industry Rocked by Blanket Ban on RMG

If nostalgia lifted spirits in the morning, India’s gaming sector was dealt a hammer blow by noon. The government passed the Promotion and Regulation of Online Gaming Bill, 2025, banning all real-money games. The definition is sweeping: any game requiring monetary deposits in exchange for prizes is now illegal.

Platforms like Dream11, MPL, Gameskraft, Zupee, and PokerBaazi scrambled to suspend operations, bracing for penalties that include up to three years in jail or ₹1 crore in fines. For an industry that employed thousands and attracted global investors, this blanket prohibition has cast a dark shadow. Startups that once symbolized India’s digital innovation story now face an uncertain, possibly terminal, future.

Credits: India Today

Kokilaben Ambani Hospitalized: Nation Holds Its Breath

Later in the day, Mumbai witnessed tense scenes as Kokilaben Ambani, the 91-year-old matriarch of India’s most influential business family, was airlifted to HN Reliance Hospital. The urgency of the transfer and visuals of the Ambani convoy entering the hospital sent shockwaves through social media.

Security tightened outside, with luxury cars and guards marking the presence of the Ambani clan. For millions who follow the family’s every move, concern for Kokilaben’s health dominated conversations. While no official medical bulletin has yet been released, the incident reminded the nation how deeply intertwined the Ambanis are with India’s public imagination.

Credits: The Financial Express

Rapido Penalized for Misleading Ads

Even as one industry reeled from government bans, another faced regulatory ire. The Central Consumer Protection Authority (CCPA) slapped a ₹10 lakh fine on bike-taxi and auto aggregator Rapido for misleading ads.

Rapido’s campaign promises of “Guaranteed Auto” and “Auto in 5 minutes or get ₹50” were deemed unfair trade practices. For a platform fighting to establish trust among consumers and regulators, this penalty adds to its mounting challenges in an already competitive mobility market.

Credits: Inc 42

Airtel & Jio Hike the Price Floor for Data

In the telecom world, two bitter rivals—Reliance Jio and Bharti Airtel—quietly aligned on strategy. Both scrapped their cheapest prepaid plan, the ₹249 pack offering 1 GB/day. From now, the entry-level plan starts at 1.5 GB/day but at a steeper price.

For consumers, this means the days of ultra-cheap mobile internet are inching closer to an end. For telecom giants, however, the move signals a coordinated attempt to improve average revenue per user (ARPU), an industry obsession that has defined their pricing battles for years.

Credits: Mint

Oracle’s Mass Layoffs: AI & Geopolitics at Play

Capping off the week’s turbulence was news from India’s IT corridors. Oracle confirmed it has laid off nearly 10% of its Indian workforce—close to 3,000 jobs. The decision comes on the heels of cuts by Intel, Google, and TCS, underscoring the relentless storm of global tech layoffs.

What makes Oracle’s move striking is its timing. Analysts tie it not just to cost-cutting, but to the company’s pivot toward AI-driven services and the geopolitics of U.S.-China rivalry, which is reshaping supply chains and outsourcing strategies. For India’s IT professionals, long seen as the backbone of Silicon Valley’s talent pool, the message is clear: adaptability is no longer optional.

Credits: Republic World

Conclusion: A Week That Mirrors India’s Flux

From the fleeting glow of TikTok nostalgia to the devastating gaming ban, from corporate penalties to high-profile hospital drama, India’s news cycle this week was anything but ordinary. Each story reflects a broader truth: India’s digital and business landscape is evolving at breakneck speed, but with change comes turbulence.

Tags: #Kokilaben_Ambani#mukesh_ambaniAirtelOracleRapidoTikTok
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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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