Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.

Global consumer-focused investment firm L Catterton has invested $60m in Indian pet food company Drools. It is the firm's first entry into the Indian pet food market, which could reach $1.2bn by 2028, with a projected annual growth rate of 20%. Drools was founded in 2010 and its portfolio includes brands such as Pure Pet, Meat Up, Canine Creek, and Kitty Yum.

Earlier, Asia-focused PE fund BPEA EQT had tried to acquire Suneratech. Suneratech helps enterprises enable digital transformation with a team of experts who specialise in cloud, analytics, internet of things, automation, data science, artificial intelligence/machine learning, and business intelligence, according to the company website.

Reliance Innoventures, a company owned by Anil Ambani, has been admitted for insolvency proceedings by the national company law tribunal (NCLT) after JC Flowers Asset Reconstruction Company, which took over Yes Bank's bad loan portfolio worth ₹ 48,000 crore in December, claimed that Reliance Innoventures had defaulted on its debts. JC Flowers claimed that Reliance Innoventures defaulted on interest payments worth ₹ 100 crore, however, Reliance Innoventures countered JC Flowers's assertions at NCLT claiming there was no default.

Trehan, a die-hard Liverpool football fan and tennis enthusiast, joined KKR to head its India private equity business in 2020, after a 16 year stint at TPG.

The latest decision of Ministry of Corporate Affairs would complement the ongoing drives by the taxman and the Enforcement Directorate against various shell companies.

Consumer benefits marketplace Thriwe is entering the Saudi Arabian market with investment from Al Multaq. The multi-billion-dollar conglomerate will fund Thriwe's launch and operations in the country. Thriwe provides loyalty and rewards programmes for companies operating in sectors such as travel and entertainment. The Indian firm has partnered in the past with private banks, card networks and luxury lifestyle brands.

India's complex regulations on disclosing related-party transactions have been in place for eight years, but the spirit of the law may still not be filtering into corporate behaviour. Experts believe Adani Group, India's top infrastructure player embroiled in governance issues, should have been more forthcoming about doing business with a legal firm where the chairman's daughter-in-law is a partner.