Byju’s is in advanced talks to raise $600-700 million in its first fund-raising round this year, which would value the edtech unicorn at close to $15 billion. The edu-tech company is raising money from a clutch of new investors based in the US. Byju’s raised over $1.25 billion in 2020 and was valued at $12 billion after it raised around $200 million last November from BlackRock and T Rowe Price.

Bacardi unveiled a new variant of its ready-to-drink brand Breezer in India. To strengthen its presence in the alcoholic fruit-flavoured drink category, the privately-held premium spirits company launched a Watermelon Mint variant for the summer. The new flavour will be available in Goa beginning March and move to Karnataka and Telangana in April-May before being rolled out pan-India.

The disinvestment process of BPCL is going ahead well and expected to conclude by September-end, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. The government is selling its entire 52.98% stake in BPCL in the nation's biggest privatisation till date. Vedanta Group and private equity firms Apollo Global and Think Gas have put in an expression of interest for buying the govt stake.

Coinbase has decided to set up its base in Hyderabad and will hire talents even as uncertainty around the regulation for cryptocurrency continues. The US-based cryptocurrency exchange will set up IT services, including engineering, software development and customer support operations in the South Indian city. The company, founded in 2012, is planning to list in the US exchanges.

Yes Bank’s AT1 bondholders filed a petition in Bombay HC asking interim relief of Rs 160 crore from the bank. AT1 securities are a type of contingent convertible bonds designed after the financial crisis to try to ensure that investors would be on the hook if a bank runs into financial stress. Yes Bank decided to write off Rs 8,415 crore worth AT1 Bonds as part of the SBI-led bailout.

DLF raised Rs 500 crore by issuing non-convertible debentures (NCD) to investors. In a regulatory filing, DLF informed that the allotment committee has allotted 5000 senior, secured rated listed redeemable non-convertible debentures (NCDs) with a face value of Rs 10 lakh each. The tenure of the NCDs is three years and the coupon rate is 8.25%.

Philips NV will sell its household appliances arm to China's Hillhouse Capital for 3.7 billion euros. The Dutch company will now focus on healthcare equipment. Once a sprawling conglomerate, Philips is concentrating on healthcare after spinning off its lighting and consumer electronics divisions in recent years. The proceeds would be used for a mix of dividends, share buybacks and acquisitions.

The Corporate Affairs Ministry made it mandatory for companies dealing with virtual currencies to disclose profit or loss incurred on crypto transactions and the amount of cryptos they hold in their balance sheets. This could possibly mark the first move by the government to regulate cryptocurrencies and related transactions in India.

To stimulate the listing of start-ups, the Securities and Exchange Board of India (SEBI) on March 25 approved a slew of relaxations to norms, including reducing the holding period for pre-issue capital. Besides, the capital market regulator permitted revamping of delisting rules and rationalising the existing framework related to the reclassification of promoter and promoter group entities.

Adani Enterprises incorporated a wholly-owned subsidiary ‘Kutch Copper Limited’ (KCL) on March 24, 2021. The company acquired 100% shares at Rs 1 lakh (10,000 equity shares of Rs10/- each). “KCL is incorporated with the object to undertaking Copper business-related activities such as the manufacture of copper cathodes and copper rods etc.,” Adani Enterprises stated on Thursday.

Polycab India Limited incorporated a wholly-owned subsidiary under the name and style as ‘Uniglobus Electricals and Electronics Private Limited’. The Company has received the Certificate of Incorporation from the Registrar of Companies on 24th March 2021. The objective of incorporating a Company is to expand the business of trading and manufacturing cables, wires, fast-moving electricals goods.

Infosys Limited won three awards at the 4th DevOps Industry Awards. The software giant is the only participating service provider to have won the highest number of recognitions at these industry awards for three consecutive years. The DevOps industry awards recognize organizations and individuals who have demonstrated noteworthy achievements in integrating and adopting DevOps practices.

Rakesh Jhunjhunwala revealed not many of his private equity investments paid off, but those who did gave him more money than the real estate. He added, “My strike rate is not high. I would have made 20 private equity investments by now, but 10 of them would be duds, dead and written off.” Jhunjhunwala said one must leverage extremely only when the market is giving you unbelievable opportunities.

KFC plans to double the count of women employees at its restaurants in India to around 5,000 in the next three to four years as it steps up diversity and inclusion initiatives in the country. KFC India, which currently operates two all-women restaurants, is also looking at increasing the overall ratio of women employees to 40% by 2024 from the current 30% under its 'KFC Kshamata' programme.

Silicon Valley-based web stories platform Firework raised $55 million in series A funding, backed by investors GSR Ventures, IDG, Lightspeed and supported by Sumitomo Corporation, Asahi. The investment would drive the imminent shift from the current popular centralised internet or Internet 2.0 to a more decentralised environment of the future or Internet 3.0.