GST 2.0 Unveiled
The GST Council approved new rates effective from Navratri, September 22. This marks the implementation of GST 2.0. Popular cars like Mahindra Thar and
Hyundai Creta are expected to get cheaper. Understanding these changes is key for Indian consumers. The highest tax rate of 40% has been approved for certain goods.
Funding Frenzy Continues
Several startups are making headlines with successful funding rounds. WeKan aims to incubate and fund 20 Indian startups. Avataar.me raised $7 million from Sequoia India, while Pepper Content secured $4.2 million. These investments signal continued confidence in the Indian startup ecosystem, despite global economic uncertainties.
E-commerce Evolution
Online brands are experiencing significant growth on their own channels and apps, surpassing platforms like Flipkart and Amazon. Flipkart and Walmart delivered $30 million more to Ninjacart, and Tata Group is evaluating M&A opportunities. Also, early Diwali is expected as banks offer deals on e-commerce.
Smart Investment Strategies
A focus on smart investment options is gaining traction. The article suggests how to get Rs 1 lakh monthly passive income. While this article does not go into detail on investment strategies, the focus on financial planning is essential for long-term financial stability, especially in a fluctuating economic environment.
Market Shifts & Trends
Food delivery volumes in India have reached pre-Covid-19 peaks, as indicated by Zomato's Deepinder Goyal. The rise of online spying and stalking apps during lockdown highlights privacy concerns. Furthermore, investors are showing hesitancy towards young startups with Chinese capital, reflecting a shift in the investment landscape.
