City Hyderabad Financial News

India's angel networks are increasingly creating their own funds, tapping into the surge of domestic capital to institutionalise early-stage investing in the country's startup ecosystem.To streamline their investment focus, these networks are shifting from deal-by-deal syndication to closed-ended funds, capitalizing on the surge in domestic capital available.“Failure rates for individual angels can be very high, and coming together to structure their investing is a way of addressing that failure rate,” said Ranjeet Shetye, a deeptech angel investor and a mentor at YourNest Venture Capital.Veteran networks like Indian Angel Network (now IAN Group), Hyderabad Angels, and Rajasthan Angels have launched their own funds. These networks have successfully identified enough winners, encouraging investors to supply capital for early-stage bets rather than engaging directly in deal-making.Hyderabad Angels Fund (HAF) launched their maiden fund last year, but it is relatively small at ₹150 crore.

Two of the world’s largest pharmaceutical companies, a chemical manufacturer, and an auto giant have established internal artificial intelligence (AI) teams and opened centres to increase automation across their businesses, as the technology’s rapid pace continues to upend business operations worldwide.Over the last 18 months, Swiss life sciences major Novartis International AG and Texas-based chemical manufacturer Celanese Corporation started AI councils to identify segments that can be automated. Indiana-based Eli Lilly and Co.

NEW DELHI: The Centre’s second e-bus tender under the ₹10,900 crore PM E-Drive scheme, for 2,900 e-buses in Ahmedabad, Hyderabad, Pune, and Mumbai, and 3,330 buses in Delhi has been deferred by one month.The tender for 6,230 e-buses opened for manufacturers and operators on 9 January this year, and was scheduled to close on 10 March. But a 6 March notification by Convergence Energy Services Ltd (CESL), the government’s demand aggregation agency, showed the closing date was deferred to 9 April.

two land acquisitions. It bought 11.36 acres in Gurugram, Haryana, with an estimated revenue potential of more than ₹4,500 crore, strengthening its exposure to the National Capital Region (NCR).

AI-focused data centre can consume as much electricity as 100,000 households, while the largest facilities under construction could consume 20 times as much.In 2024, data centres accounted for 1.5% of global electricity consumption, largely concentrated in the US, China and Europe. Global data-centre electricity consumption is expected to more than double to 945 terawatt-hours (TWh) by 2030, equivalent to more than half of India’s electricity consumption in 2023-24 (1,622 TWh).The IEA estimates data centres will account for about half of electricity demand growth in the US between 2025 and 2030.

Subscribe to enjoy similar stories. Brigade Enterprises Ltd, a southern India-focused realty developer, has hit a rough patch. The stock has declined 28% over the past year, far steeper than the Nifty Realty index’s 4% fall.

Subscribe to enjoy similar stories. BENGALURU: ICE MT India Pvt. Ltd, a subsidiary of US financial services firm Intercontinental Exchange Inc., has opened a 193,053 sq.

Subscribe to enjoy similar stories. Raamdeo Agrawal, co-founder of Motilal Oswal Financial Services, says the next trillion dollars of India’s market capitalization could create more wealth than the last. Drawing on decades of market cycles, the ace investor, speaking at the Mint Money Festival on 14 February in Mumbai, argued that compounding on a larger base, deeper participation and improving corporate profitability could make the coming decades disproportionately rewarding for patient investors.

Subscribe to enjoy similar stories. As part of the Income Tax Rules, 2026, notified last week, the government has proposed three key changes that may tilt the needle towards the old tax regime again. First, the children’s education allowance exemption is to be increased sharply from a token ₹100 per month per child to ₹3,000 per month per child.

Subscribe to enjoy similar stories. The draft income tax rules released by India’s government for public comments are a marked improvement on what’s currently in force. For one, the number of rules and forms will almost be halved.

Subscribe to enjoy similar stories. Hyderabad: Giant mounds of broken black stones and rocks, typical of the Deccan Plateau region, lie by the side of the eight-lane Nehru Outer Ring Road in Hyderabad. The tips of tall towers that are being built and yellow construction cranes are visible from afar.

Subscribe to enjoy similar stories. Prestige Estates and Projects Ltd is set to close FY26 on an impressive note, helped by new launches and continued sales traction in existing projects. Pre-sales or bookings rose a whopping 122% year-on-year to ₹22,327 crore in the nine-month period ended December (9MFY26) when it unveiled nine projects (residential and plotted), including Prestige Garden Trails in Mira Road in Q3FY26.

Subscribe to enjoy similar stories. Hyderabad: India's top airlines IndiGo, Air India and Akasa Air may together add 240 aircraft in the next two years, expanding their fleet size by a combined 30%. Currently, the three carriers have a combined strength of 804, a number which may swell to 1,044 by the end of 2027.

Subscribe to enjoy similar stories. HYDERABAD: Gautam Adani-owned Navi Mumbai International Airport expects to start international operations by June, after obtaining clearance for night flying operations in the next month, the company’s top executive said. “We are in the process of getting the night flight permit, after which the next step will be to start 24-hour domestic operations and in the first quarter of FY27 we will start international operations," Arun Bansal, chief executive officer of Adani Airport Holdings Ltd, told Mint at the Wings India 2026 event in Hyderabad on Wednesday.

Subscribe to enjoy similar stories. The government is set to operationalise the ₹25,000 crore Maritime Development Fund (MDF) by allocating ₹9,800 crore to it in the upcoming budget. The fund aims to lower capital costs and attract long-term, low-cost investment into shipyards, coastal infrastructure, and inland waterways.

Subscribe to enjoy similar stories. Mumbai: InvAscent-backed Ankura Hospitals has kickstarted a fundraising process to raise ₹400-500 crore in a mix of primary and secondary transactions, three people familiar with the matter said. The Hyderabad-based company has appointed Alvarez & Marsal as an advisor to facilitate the capital raise, and the deal is expected to be launched in the coming weeks, the people said.

Subscribe to enjoy similar stories. India Inc’s global capability centre (GCC) boom is keeping the country’s law firms busier than ever as more multinational companies set up larger office campuses on longer lease tenures across major cities.

Subscribe to enjoy similar stories. Uber India is shifting its fleet strategy. Until now, the company had invested only in Everest Fleet, backing the operator with a $20 million funding round in June 2023, followed by around $30 million in 2024 and another $20 million in 2025.

Subscribe to enjoy similar stories. Bengaluru: About three years ago, on a regular sunny August day in Hyderabad, Altmin, the battery materials company, set out to make cathodes, a critical component in lithium-ion batteries, in India for the very first time. The pilot plant, established within the white walls of the Indian government’s International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI) in 2023, has scaled up to produce 250kg a day of the critical mineral that constitutes a significant percentage of a battery cell’s chemistry today.

Subscribe to enjoy similar stories. BENGALURU : Venture capital and private equity investors are increasing their bets on post-hospital care—often referred to as ‘continuum care’—as India’s hospitals are discharging patients more quickly and families seek structured recovery outside hospitals.

Subscribe to enjoy similar stories. Bengaluru: Almost a decade ago, Pranav Vempati knocked on the doors of nearly 40 venture capital (VC) firms, asking them to back a bet that would take years to pay off. Not one of them said yes.