SEBI has issued a consultation paper proposing a way for entities to apply for a reduction or waiver of interest on penalties, aligning with recent Income Tax Department guidelines.
This move would allow eligible entities, facing genuine hardship or uncontrollable circumstances, to seek relief on interest accrued on delayed penalty payments after fully paying the principal amount.
The healthy snacks segment, driven by rising health consciousness, is growing 1.2 times faster than traditional snacks, with 63% of consumers seeking healthier options. Small, convenient packs are fueling demand, and South and East India dominate this market. Brands are encouraged to innovate around health benefits like bone and heart health to capture this trend.
Rajeev Misra is stepping down from SoftBank, with Alex Clavel becoming sole CEO of its investment arms. SoftBank reported a $8 billion quarterly profit, driven by Indian IPOs like FirstCry and Ola Electric. Misra will now advise SoftBank and may co-invest with founder Masayoshi Son.
Razorpay has launched a venture program to invest up to $1 million in early-stage B2B startups, targeting 10-15 investments annually across sectors like fintech, travel, and healthcare. The program aims to support 50 startups, with co-investments from Peak XV Partners and Lightspeed.
