On September 22, the much-awaited GST 2.0, which aims to reform the country's indirect tax system, came into effect. The new system introduces two main categories with an additional "sin tax" bracket, making tax compliance easier and reducing prices on many essential items. Prime Minister Narendra Modi has estimated that the changes will help people save Rs 2.5 lakh crore, with benefits from both GST cuts and the earlier income tax reduction. With the implementation of the GST Bachat Utsav (savings festival) coinciding with the first day of Navratri, the country can expect increased consumption and savings.
Less than a year after its initial launch at Daytona Beach International Airport, Breeze Airways has expanded its nonstop service offerings to a fifth destination. The low-cost airline now flies twice a week to Akron/Canton/Cleveland, Ohio in addition to its current routes to Hartford, Connecticut, Providence, Rhode Island, and Raleigh/Durham, North Carolina. This growth is a testament to the success and positive reception of Breeze Airways in Daytona Beach and their commitment to providing affordable and convenient travel options to customers.
Indian cricket's latest sensation Tilak Varma has added another achievement to his growing list of accomplishments by purchasing a brand new Mahindra XEV 9e for his father. The images of this proud moment have been circling the internet, with the entire family present to celebrate the occasion. The XEV 9e offers the best in terms of technology and connectivity, with powerful battery options, high-speed charging capabilities, and impressive performance figures. This latest move by the young cricketer highlights the growing demand for Indian-made products and shows a promising future for indigenous brands like Mahindra.
The Amazon Great Indian Festival is back and Prime members can take advantage of huge discounts on flagship smartphones. Some of the popular phones on sale include the Samsung Galaxy S24 Ultra, OnePlus 13, and the iQOO 12, all available at discounted prices. From powerful processors to high-quality cameras, this sale has something for every tech lover.
Tanzania has become a major player in the global graphite market with the commissioning of two refineries in the Tanga Region. With a daily capacity of 1,000 tonnes, these refineries are the first in the country to produce industrial-grade graphite. This move not only supports Tanzania's industrialization agenda, but also positions the country to benefit from the rising demand for graphite in clean energy technologies and other industries. Additionally, the refineries have created over 600 jobs and stimulated small-scale entrepreneurship in the local community.
The Indian government announced that they will be implementing GST 2.0 reforms on September 22nd, which will result in a major transformation in the country's indirect tax system. The new reforms will consolidate the current four slabs into two, with a lower 5% tax on essential items and a 18% tax on most goods and services. Additionally, a higher 40% sin tax will be imposed on products such as tobacco, alcohol, betting, and online gaming. Consumers can look forward to a decrease in costs on various household items, as many will shift from a 12% tax to the lower 5% slab.
Samsung has announced huge discounts on its Galaxy lineup for the upcoming festive season in India. The popular Galaxy S24 Ultra, priced at ₹1,29,999 at launch, will now be available at just ₹71,999, making it an ideal time for Indian buyers to upgrade. The mid-range models, like the Galaxy A55 5G and the budget-friendly Galaxy M06 5G, also see significant price drops, making it a great opportunity for users to get their hands on the latest technology at unbeatable prices. Don't miss out on these deals, starting September 22, 2025.
While the trade talks with the United States have been grabbing headlines, the Indian government has been actively pursuing trade deals with other countries to boost its economic strength and global power aspirations. Recently, India has signed major trade agreements with Australia and the United Arab Emirates, and is currently in talks with at least a dozen other countries, including the European Union. These deals not only offer economic benefits for India but also serve as a counter to any uncertainties in US policies. However, the talks with the EU may face hurdles due to their emphasis on environmentally sustainable business practices.
In a first for the country, India's electric vehicle industry has reached a major milestone of 100,000 unit sales in FY2025, driven by launches from top players like Tata Motors, Mahindra & Mahindra, and BMW. This issue also covers the challenges faced by Tata Sons chairman N. Chandrasekaran in his third term and India's response to US President Donald Trump's tariffs. Read more in the latest Fortune India issue.
Instamart, a leading Indian e-commerce platform, announced the launch of its annual festive sale, Quick India Movement 2025, with incredible discounts up to 90%, 10-minute delivery, and exclusive early access to the latest iPhone 17. The sale features over 50,000 products from top brands such as Apple, Samsung, Philips, L’Oréal Paris, LEGO, and more. Customers can also vote for their favorite deals to be featured in the sale, and avail additional savings through bank and wallet offers. The sale is live on the Instamart app from 19th to 28th September 2025, promising a thrilling shopping experience with unbeatable value and speed.