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Corporate Feuds, VC Backlash and Banker Blunders Lead MC Insider
M
Moneycontrol•19-10-2026, 15:31
Corporate Feuds, VC Backlash and Banker Blunders Lead MC Insider
- •A low-profile corporate family is pulling out all stops in an epic family feud, employing PR firms, social media influencers, and even seeking divine intervention at Kerala's Pambu Mekkavu temple.
- •The newly announced cohort for the deep-tech-focused RDI fund has sparked widespread controversy, with rejected venture capital funds crying foul over the selection process.
- •Disgruntled observers allege that some excluded funds merely rebranded their websites to look like deep-tech players or hired former bureaucrats to gain an unfair advantage.
- •An investment banker in central Delhi was recently pulled over by police amid heightened security alerts for protests, proving that high-end cars and suits offer no immunity from rigorous checks.
Key Questions Answered
The Research, Development and Innovation (RDI) Fund has a corpus of Rs 1 lakh crore and was created to provide low-cost, long-term loans to private companies involved in advanced research and innovation in priority deep-tech sectors.
The Empowered Group of Secretaries approved 19 institutions, consisting of 14 alternative investment funds and five focused research organisations, committing Rs 7,131 crore to the first cohort of fund managers.
Government and Ministry of Science and Technology officials clarified that committee members with ties to applicants are required to fully recuse themselves, and guidelines acknowledge that expert overlaps are managed via existing policies.
