From Finance Minister Nirmala Sitharaman unveiling GST 2.0 to Girish Mathrubootham exiting Freshworks, YourStory brings you tales that spotlight important developments throughout industries.
Featured tales
From soaps to fridges, GST cuts promise to supercharge India’s consumption story
Finance Minister Nirmala Sitharaman, who chaired the 56th GST assembly that cleared the much-anticipated GST reform, known as it a “Diwali present” for residents. Efficient September 22, the GST construction will now comprise solely two main slabs—5% and 18%, changing the sooner four-tier system.
In her announcement, she particularly famous that “objects utilized by the frequent man and center class”, together with objects similar to hair oil, bicycles, and kitchenware, can be taxed at 5%.
“The GST reduce brings well timed aid for households, particularly with staples like edible oil. It eases day by day bills whereas boosting constant demand. For the business, it opens room to develop refining, strengthen provide chains, and transfer in the direction of self-sufficiency—aligning client profit with the broader Make in India imaginative and prescient,” says Sparsh Sachar, FMCG and Enterprise Head, Nutrica, BN Group, in a dialog with YourStory. Learn extra.
GST 2.0: What it means for India’s MSMEs
For years, MSMEs have struggled with India’s multi-slab GST system—at 5%, 12%, 18%, and 28%. Usually, gamers have been caught in both classification challenges or compliance confusion.
With GST 2.0, the system has simplified the tax construction for MSMEs below two slabs—at 5% for important and benefit items, and 18% for traditional items and providers. SMBStory asks specialists from throughout industries to weigh in. Learn extra.
India needs its AI expertise again residence. However they will not return simply, warning specialists
India is pushing arduous on its $12 billion deeptech ambitions in AI and semiconductors, however the greatest hurdle isn’t capital or coverage—it’s expertise. Whereas world-class researchers and founders in these fields are overwhelmingly Indian, most of them are constructing careers and firms overseas.
At Semicon India 2025, Stanford Professor Emeritus Arogyaswami Paulraj bluntly famous that whereas prime Chinese language lecturers are returning to China, none have come again to India, highlighting how tough it’s to reverse the mind drain. T.Okay. Kurien of Premji Make investments bolstered the priority, stating that although Indian expertise is shaping world AI, little or no of it’s rooted in India.
The info backs this: in keeping with the Institute for Progress, 60% of US-based AI 50 firms have been immigrant-founded, with India producing extra founders than even China. Examples embrace Perplexity AI’s Aravind Srinivas and Skild AI’s Deepak Pathak and Abhinav Gupta. Learn extra.
Newest information
CRED takes on Jar with digital gold rewards and financial savings function
CRED has begun testing a gold-savings function that permits customers to put money into digital gold, whereas providing choose members 1% cashback within the asset on invoice funds as a part of the pilot. The transfer places the fintech in direct competitors with Jar, the Tiger International-backed micro-savings app.
Screenshots circulating on social media present CRED crediting as much as Rs 50 in pure gold into an in-app pockets. The cashback is a part of the pilot part to check the financial savings function, and micro-savings through cashback is probably not included within the remaining providing, a supply aware of the developments instructed YourStory. Learn extra.
.thumbnailWrapper{
width:6.62rem !vital;
}
.alsoReadTitleImage{
min-width: 81px !vital;
min-height: 81px !vital;
}
.alsoReadMainTitleText{
font-size: 14px !vital;
line-height: 20px !vital;
}
.alsoReadHeadText{
font-size: 24px !vital;
line-height: 20px !vital;
}
}
Girish Mathrubootham to exit Freshworks by December
Girish Mathrubootham, Co-founder of Nasdaq-listed Freshworks and one of many main voices of India’s SaaS sector, will step down as Government Chairman of the corporate efficient December 1, 2025.
In a submitting with the US SEC, Freshworks mentioned Mathrubootham will deal with Collectively Fund, the enterprise capital fund he co-founded. The corporate additionally clarified that “Mathrubootham’s resignation was not the results of any disagreement on issues regarding the corporate’s operations, insurance policies, or practices.”
Based in 2010 in Chennai, Freshworks grew below Mathrubootham’s management right into a unicorn and have become the primary Indian startup to record on Nasdaq. He continued to function CEO throughout its development journey earlier than shifting into the Chairman position. Learn extra.
OpenAI is constructing an AI-powered jobs platform to rival LinkedIn
OpenAI is shifting past ChatGPT and constructing an AI-powered jobs platform to rival LinkedIn. Fidji Simo, CEO of Functions at OpenAI, has introduced the OpenAI Jobs Platform in a weblog submit.
He additionally introduced the OpenAI Certifications programme, as a part of the corporate’s dedication to creating AI expertise accessible at scale. The OpenAI Jobs Platform, anticipated to roll out in mid-2026, will use AI to match companies with AI-savvy candidates, starting from enterprise hires to native companies and governments. Learn extra.
Funding information
L Catterton’s India-focused client fund raises $200M in first shut
Non-public fairness agency L Catterton has raised $200 million within the first shut of the agency’s maiden India-focused fund, a supply aware of the matter instructed YourStory. The corporate is seeking to again growth-stage firms elevating Collection B rounds and people planning an IPO inside a few years. It’s holding its cheque dimension between $25 million and $150 million, together with co-investments. Learn extra.
MonkTrader.ai raises Rs 2.4 Cr in pre-seed funding
MonkTrader.ai, an AI-powered inventory discovery and decision-making platform for retail buyers, raised Rs 2.4 crore in pre-seed funding led by a gaggle of early-stage buyers from India and Singapore with sturdy experience in monetary markets and expertise.
Based in 2024, MonkTrader allows customers to analyse fundamentals, technical indicators, futuristic themes, sector developments, institutional holdings, and AI-driven insights in a single intuitive platform. It should use the funds to speed up product improvement, strengthen AI and engineering capabilities, and develop go-to-market initiatives to succeed in thousands and thousands of retail buyers throughout India.
Roadzen raises Rs 40 Cr for India subsidiary
Roadzen Inc., a world chief in AI on the convergence of insurance coverage and mobility, as we speak introduced binding commitments for Rs 40 crore (~$4.5 million) in fairness financing for its India subsidiary, at Rs 740 crore ($84 million) pre-money valuation on a stand-alone foundation.
The financing values Roadzen’s India subsidiary—which contributes lower than 60% of consolidated revenues —at roughly Rs 740 crore ($84 million) pre-money, representing a ~25% premium to the corporate’s present Nasdaq market capitalisation. Dilution on the subsidiary degree is proscribed to ~5%, with Roadzen retaining ~95% possession. There isn’t any dilution for shareholders on the Nasdaq-listed guardian firm.
Dectrocel raises Rs 4 Cr funding led by IAN Group-powered BioAngels
Dectrocel, a healthtech firm creating AI-powered diagnostic options, raised Rs 4 crore in current funding led by IAN Group-powered BioAngels, with participation from PadUp Ventures and Vinners. Key buyers from IAN on this spherical embrace Nitin Zamre, Samir Kalia, and Mitesh Shah.
It should use the contemporary capital to scale Dectrocel’s business operations throughout India, improve its self-learning foundational multimodal AI expertise, develop into worldwide markets, and speed up the launch of its upcoming AI instruments in CT /MRI/PET-CT and HPB diagnostic modules.
Headquartered in Lucknow, Dectrocel launched its flagship product, DecXpert—considered one of solely three AI-based diagnostic instruments authorized by the Central Medication Customary Management Organisation (CDSCO) for medical use in India.
Different information
Digantara and ispace accomplice to ascertain cislunar situational consciousness and area infrastructure
Spacetech startup Digantara and ispace, inc., a Japan-based world lunar exploration firm, have partnered to ascertain a cislunar situational consciousness and area infrastructure.
<determine class="picture embed" contenteditable="false" data-id="580339" data-url="https://pictures.yourstory.com/cs/2/e641e900925711e9926177f451727da9/Imageepbv-1757064505626.jpg" data-alt="digantara" data-caption="
Takeshi Hakamada (left), Founder & CEO of ispace and Anirudh Sharma (proper), Founder & CEO of Digantara
at India-Japan Financial Discussion board in Tokyo
” type=”float: left; margin-right: 20px; width:50%; peak:auto” align=”heart”> Takeshi Hakamada (left), Founder & CEO of ispace and Anirudh Sharma (proper), Founder & CEO of Digantara at India-Japan Financial Discussion board in Tokyo
The announcement was made in Tokyo alongside the fifteenth Annual India–Japan Summit between Prime Minister Narendra Modi and Prime Minister Shigeru Ishiba, underscoring how government-to-government ties are being bolstered by private-sector management in house.
Constructing on the legacy of India’s Chandrayaan missions, the upcoming ISRO–JAXA Lunar Polar Exploration (LuPEX) mission, and ispace’s pioneering business lunar missions, this collaboration marks a turning level in Asia’s lunar ambitions.
(The copy can be up to date with the most recent information all through the day.)
Edited by Suman Singh
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the most recent breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s developments as we speak: learn extra, subscribe to our publication, and grow to be a part of the NextTech neighborhood at NextTech-news.com
