Author: Arabian Media staff

The next generation GST reforms would ‘absolutely’ set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.She was speaking at the 120th Foundation Day celebrations of Tamil Nadu-based City Union Bank, where President Droupadi Murmu was the chief guest.Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystem for startups, Micro, Small and Medium enterprises and entrepreneurs.”Complementing this, the planned rollout…

From Finance Minister Nirmala Sitharaman unveiling GST 2.0 to Girish Mathrubootham exiting Freshworks, YourStory brings you stories that highlight significant developments across industries.Featured storiesFrom soaps to refrigerators, GST cuts promise to supercharge India’s consumption storyFinance Minister Nirmala Sitharaman, who chaired the 56th GST meeting that cleared the much-anticipated GST reform, called it a “Diwali gift” for citizens. Effective September 22, the GST structure will now comprise only two primary slabs—5% and 18%, replacing the earlier four-tier system.In her announcement, she specifically noted that “items used by the common man and middle class”, including items such as hair oil, bicycles, and…

CRED has begun testing a gold-savings feature that allows users to invest in digital gold, while offering select members 1% cashback in the asset on bill payments as part of the pilot. The move puts the fintech in direct competition with Jar, the Tiger Global-backed micro-savings app.Screenshots circulating on social media show CRED crediting up to Rs 50 in 24-karat gold into an in-app wallet. The cashback is part of the pilot phase to test the savings feature, and micro-savings via cashback may not be included in the final offering, a source familiar with the developments told YourStory.Users can purchase…

Private equity firm L Catterton on Friday said it raised $200 million in its first close of the firm’s maiden India-focused fund, a source familiar with the matter told YourStory. The Economic Times was the first to report on the development. The consumer-focused PE fund, which has a target corpus of $400 million, also includes a green shoe option of $200 million. According to the source, the amount raised by the firm includes commitments from a range of domestic and international investors, such as asset management firms, insurance companies, along with participation from International Finance Corporation (IFC)—the private sector investment…

Prime Minister Narendra Modi has said that the government brought in a new law to regulate online gaming without heeding to any pressure to ensure that the future of country’s youth is safeguarded from the harmful effects of the digital world.In an interaction with national awardee teachers, the prime minister said there are huge job opportunities in the online gaming market, and urged teachers to sensitise students about opportunities in the sector which can be tapped.”Gaming is not bad but gambling is… Future of our youth must be safeguarded,” Modi said, referring to the Promotion and Regulation of Online Gaming…

In the heart of Tel Aviv, a semiconductor startup is quietly redefining how enterprises crunch data. Speedata is forging ahead with a bold aim: transforming analytics infrastructure through its pioneering Analytics Processing Unit or APU.A Breakthrough in Data ProcessingEstablished in 2019 by a team of six researchers including early innovators in Multi-Threaded Coarse-Grained Reconfigurable Architecture (CGRA)—Speedata saw a critical market gap. Data analytics were lingering on general-purpose processors, often requiring hundreds of servers to handle complex workloads. From this realization emerged an ambitious vision: a single, purpose-built chip capable of doing much more with far less energy. The APU Advantage:…

Arogyaswami Paulraj, Professor Emeritus, Stanford University, believes India has to build a strong ecosystem to woo talent in the fields of AI and semiconductors to return home. “In the last five years from Stanford, maybe 10 profs have gone back to China—nobody has come to India,” Paulraj told a packed audience at Semicon India 2025. “It’s good to say I’ll bring them back, but it’s not easy. We need to do a lot more work.”The note of caution cut through a day otherwise filled with optimism about India’s $12-billion deeptech push. It spotlighted the country’s central problem: world-class talent in…

Bengaluru-based deeptech startup GalaxEye is set to revolutionise Earth observation.Previously, most Earth observation companies built single-sensor satellites — hyper-spectral cameras, radars, or infrared systems. However, this approach had limitations. Though optical sensors deliver easily interpretable imagery on sunny days, their visibility is limited at night and under cloudy conditions. And while radar works well even under dark, cloudy conditions, its raw data requires expert interpretation to understand. Thus, users never received consistent, reliable data across all conditions.GalaxEye is building a multi-sensor satellite that fuses optical cameras with radar capabilities. This allows for reliable imagery to be obtained, all round the clock.Additionally,…

With the fast adaptation of flexible workspace, the coworking segment is witnessing a remarkable transformation in India’s commercial real estate landscape, with India’s metro cities leading the charge. According to Collier’s report, as of 2024, the country is home to over 500 coworking and managed office brands, covering approximately 72 million sq. ft. across major urban centres. The flexible workspace market is booming. For example, Cushman & Wakefield reports that India’s flexible office leasing hit a record 12.4 million sq. ft. in 2024 (a 57.5% annual jump), now accounting for roughly 14% of all new office leases. Across India, there are…

For years, Indian enterprises have depended on global cloud giants like AWS and Azure, but high costs, compliance hurdles, and data sovereignty concerns have made them less than ideal. Utho Cloud steps into this gap with a homegrown alternative and claims to cut costs by over half, offers direct human support, and keeps data within India’s borders.“People often think that moving away from AWS or Azure is impossible,” says Manoj Dhanda, Founder and CEO of Utho Cloud. “But with the right architecture, customers shifted, saving up to 70% and gaining the confidence of hosting with an Indian company.”From Noida to…