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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.

On 9 March the union government issued an order under the Essential Commodities Act, 1955 that discouraged companies which receive pooled gas supplies from legally challenging its decision to divert natural gas to priority sectors.The move comes amid concerns over possible supply disruptions caused by the ongoing West Asia conflict, which has affected liquefied natural gas (LNG) shipments through the Strait of Hormuz.Mint explains what the order says, the legal basis for it, and whether courts can still entertain challenges from affected companies.The ministry of petroleum and natural gas issued the natural gas (supply regulation) order, 2026 to deal with potential LNG shortages. The order introduced a four-tier priority framework for allocating natural gas.

₹18,000 crore ($2 billion) in realised and potential equity value over the company’s lifecycle.Even if the company lists closer to $10.5 billion, a steeply marked down valuation at which the IPO is widely expected, the value of that pool could still be around ₹13,000 crore, or about $1.4 billion.Of that, the options that still exist today and can convert into shares in the future, could be worth roughly $500-600 million.While other tech firms also use Esops to retain top talent, PhonePe’s rewards to its employees have seeded at least half a dozen “deca-millionaires”, or very high-net-worth individuals, in its top deck.And thanks to the payments platform's extravagant Esop structure, its top leadership has stuck around from its early Flipkart-acquisition in 2016 to the cusp of its IPO. (Walmart Inc.

AIFs. Unlike mutual funds that pool in investors' money to invest primarily in listed equities and bonds, AIFs are also pooled investments but can invest beyond securities and bonds to invest in less traditional assets such as private equity, venture capital, real estate and hedge funds.“My allocation to AIFs was driven by one simple realization that traditional instruments capture broad market beta, but they rarely provide access to early-stage alpha.

₹1,000 crore over the last two years in acquiring stakes in startups such as BlackBuck, OfBusiness, Purplle, Shiprocket and BlueStone.The size of the first fund was about ₹300 crore, followed by a ₹400-crore second fund. The third fund is likely to have a corpus of ₹500 crore and will go live shortly, Oister’s co-founder and co-chief executive officer Sandeep Sinha told Mint in an interview.

The 16th Finance Commission (FC) report, covering 2026-31, arrives at a consequential moment for India’s fiscal federalism. It is wide-ranging, analytically rich and notable for making underlying data publicly available.

Mint, referring to India's growth trajectory.However, the task now is to integrate the deep domestic liquidity in Mumbai with international participation at GIFT IFSC, he added.“In GIFT City today, participation is currently limited to a handful of players. The real opportunity lies in bringing these two pools of liquidity together.

₹50 crore employee stock ownership plan (Esop) buyback, offering liquidity to employees at a time when the company’s valuation has fallen significantly below its 2021 peak.“Grateful to the Board for carving out a cash pool for the employees even though the valuation is significantly less than our last fundraise,” co-founder and chief executive Gaurav Munjal said in a post on X on Thursday.The buyback signals an attempt by the company to reward and retain talent after two years of turmoil owing to the founders’ plans to exit the firm.According to Munjal, eight employees will receive over ₹1 crore each under the programme, 17 will receive more than ₹50 lakh, and 38 more than ₹10 lakh.The company will reach out to employees over the coming weeks to facilitate participation, he added.Unacademy had earlier revised its Esop policy to require former employees to exercise vested stock options within 30 days of departure drawing criticism. The company subsequently reinstated its earlier policy, allowing former employees to exercise options for up to 10 years.The Temasek-backed firm has faced a difficult internal environment over the past two years.

Subscribe to enjoy similar stories. Gold loan company Muthoot Finance Ltd posted impressive earnings in the December quarter (Q3FY26), with gold loan assets under management (AUM) rising 50% year-on-year to around ₹1.4 trillion, beating expectations. This was backed by strong demand for gold loans amid elevated gold prices.

Subscribe to enjoy similar stories. Prime Minister Narendra Modi, in his address to chartered accountants (CAs) in July 2017, shared his vision of “Big Eight" audit firms in India, of which he said four should be of Indian origin with a global footprint. The idea was not to displace the existing global Big Four, but to complement them with domestic champions.

Subscribe to enjoy similar stories. MUMBAI: Settlement disruptions hit investors for a second consecutive day on Thursday as operations at National Securities Depository Ltd (NSDL) remained suspended because of a technical glitch. As a result, investors who bought shares on Tuesday did not receive them on Wednesday in their demat accounts, while those who sold did not see sale proceeds credited.

Subscribe to enjoy similar stories. Several investors who initiated trades on Tuesday were yet to get their shares or funds credited to their accounts by Wednesday night due to a settlement glitch between India’s top two depositories. The problem cropped up at National Securities Depository Ltd (NSDL), but impacted the entire settlement process on Wednesday, four brokers told Mint.

Subscribe to enjoy similar stories. The 16th Finance Commission (FC) must be commended for breaking the mould of earlier FCs in what is perhaps the most contentious area of fiscal federalism: ‘horizontal devolution’ or how each state’s share of India’s divisible pool of taxes is worked out.

Subscribe to enjoy similar stories. The budget is unlikely to cause a meaningful shift in the assessment of equities from a medium-term perspective, and so investors should look at markets through a fresh lens to identify which newer themes could emerge as winners, said Harish Krishnan, chief investment officer - Equity at Aditya Birla Sun Life AMC Ltd. After the budget classified tax on buybacks as capital gains, some relief for buybacks may help return excess capital in a few mature companies, which can then be recycled into newer capital-intensive opportunities, said Krishnan.

Subscribe to enjoy similar stories. In India’s federal set up, devolution of funds ensures proper transfer of resources, from the central government to the states, and further down to local bodies. Article 280 of the Indian constitution mandates that the President of India appoint a Finance Commission every five years to make recommendations on how to divide the net tax proceeds of the Union (divisible pool) with the states.

Subscribe to enjoy similar stories. Bengaluru: India’s artificial intelligence (AI) startups may be drawing growing attention, but some of the country’s richest family offices and ultra-high-net-worth individuals (UHNIs) are placing their biggest bets thousands of miles away—on US-based ‘frontier AI’ and large language model (LLM) building firms that they believe could define the next computing cycle.

Subscribe to enjoy similar stories. MUMBAI: India’s wealth management industry is scrambling to scale as a growing pool of household financial wealth remains underserved. Of the at least $1.1 trillion held by the country’s top households, defined as those with annual incomes of $25,000 or more, at the end of FY24, only about $0.7 trillion was addressed by registered wealth managers, according to a 2025 Deloitte report.

Subscribe to enjoy similar stories. New Delhi: India’s National Board of Examinations in Medical Sciences (NBEMS) on 13 January lowered the qualifying cut-off marks for the National Eligibility-cum-Entrance Test for Postgraduate (NEET-PG) 2025 in a bid to fill vacant postgraduate medical seats.

Subscribe to enjoy similar stories. MUMBAI : India’s only listed pure-play investment bank, DAM Capital Advisors Ltd, plans to deploy its capital reserves into recurring, fee-based businesses to reduce the inherent volatility of investment banking, managing director and chief executive Dharmesh Mehta told Mint. While merchant banking remains the firm’s primary earnings driver, DAM Capital is evaluating asset-light ancillary services that require minimal capital deployment and limited balance-sheet risk to diversify its revenue base.

pollution. At the heart of the dispute, experts say, was not private carpooling itself but the absence of a clear state-level framework governing commercial pooling features on ride-hailing platforms.While the government is keen to restart services as early as this month, carpooling will be classified as a non-commercial shared mobility option.

With India’s urban hubs struggling with creaking infrastructure and weak service delivery for bulging populations, the central government is drawing up a blueprint to give municipal administrators greater autonomy over finances and service delivery, while reducing reliance on state and central grants.The blueprint—expected to be unveiled at the upcoming Union budget—will focus on strengthening urban local bodies’ (ULBs’) own-revenue sources such as property tax and user charges, two government officials directly involved in the process said, requesting anonymity.It will also encourage ULBs—including municipal corporations, municipalities and nagar panchayats—to tap market-based instruments including municipal and green bonds to fund long-term urban investment.