In separate but almost identical stock exchange filings, CG Power and Murugappa Group firm Tube Investments of India Ltd (TIIL), said lenders have accepted one-time settlement and restructuring of debt

The development assumes significance in the domestic steel industry as a fruitful result of the experiment would break the monopoly of Australia in coking coal supply to India

With the latest funding round, Byju's has further narrowed its valuation gap with digital payments platform Paytm, which presently enjoys a valuation of $16 billion, as per the Hurun India Unicorn Index 2020

According to a report by Bernstein, key segments like e-commerce, financial technology and education technology have grabbed investors' interest due to structural shift in consumer behaviour in wake of coronavirus pandemic

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Hurun India Unicorn Index 2020 has valued two of India's leading online food delivery start-ups -  Swiggy and Zomato - at an equal valuation of $3.5 billion each

The fresh funding values Byju's at $10.8 billion as against last valuation at $10.5 billion from its earlier Series F round that was secured in August

As closure of schools, colleges brings new students into their fold, Ed-Tech firms look for innovative ways to monetise their new user base

Venture capital investors believe things could get much worse for startups in the next two months because of the worsening COVID-19 outbreak and the blocking of investments from China over border tensions

Indian cricketers may sport Oppo logo on their jerseys only till the end of the upcoming West Indies tour. Byju's is expected to take over the jersey once India starts its South Africa tour from September 15.

The edu-tech startup's valuation has jumped by $2 billion in its ongoing Series F round, which kicked off in December. While such spikes in a single round are unprecedented, Byju's rapid growth has made it possible.

Byju's that is backed by Naspers and Tencent has been growing at 100% for the last three years. The company has around 2 million annual subscribers.

With this acquisition the Bangalore-based startup expands into a new age demographic of 3-8 year olds.

The edu-tech startup run by Think and Learn Pvt. Ltd. has raised $400 million in a fresh round led by South Africa's Naspers Ventures, valuing the company at about $3.8 billion