It is unclear what the regulator plans to do with the data, but industry persons said it could well be to check whether the comparatively easier regulations of angel funds are being misused to overcome restrictions on foreign direct investment (FDI) or indirectly acquire equity stake in a company.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created