Byju's
- India
SC sets aside NCLAT order approving Byju’s settlement with BCCI
New Delhi: The Supreme Court on Wednesday, October 23 set aside the National Company Law Appellate Tribunal (NCLAT) order, which had closed the insolvency proceedings against embattled edtech firm Byju after approving…
- India
SC to hear plea related to insolvency proceedings against ed-tech firm Byju’s on Sept 17
New Delhi: The Supreme Court on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed…
- Business
SC agrees to list plea related to insolvency proceedings against ed-tech firm Byju’s
New Delhi: The Supreme Court on Friday agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed…
- Business
Once valued at USD 22 billion, Byju’s is now worth ‘zero’
New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm…
- Business
NCLT refuses to defer Byju’s EGM to raise capital via rights issue
New Delhi: In a breather for embattled edtech company Byju’s, the National Company Law Tribunal (NCLT) on Thursday refused to stay the extraordinary general meeting (EGM) called by the board of directors…
- Business
Byju’s says 262 tuition centres operational, a few to undergo ‘strategic restructuring’
New Delhi: Embattled edtech company Byju’s on Friday said that its tuition centres have entered the third successful year with 262 offline locations currently operational across the country. Denying reports that 200…
- India
Salaries delayed for Byju’s 20,000 employees, CEO blames investors
New Delhi: Edtech major Byju’s is yet to process the salaries of its employees for the month of February as the amount raised through the rights issue is currently locked in a…
- Technology
Centre expedites inspection of crisis-hit BYJU’S
New Delhi: The corporate affairs ministry has asked its field officers to expedite the inspection of the books of BYJU’S and submit the report, a senior official said on Monday as trouble…
- Technology
Tech glitch delayed some employees’ salaries, to be paid on Monday: Byju’s
New Delhi: Some employees of edtech unicorn Byju’s had their salaries delayed due to a “technical glitch” and they were in the process of being paid on Monday, the company said. The…
- Technology
Byju’s pays remaining employees’ salaries for Nov after ‘technical glitch’ (Lead)
New Delhi: Edtech major Byju’s has paid November salaries of some of its employees after a “technical glitch” hampered the payment of some 1,000 workers. Sources told IANS on Monday that the…
- Business
ED’s FEMA probe against BYJU’s in final stages
New Delhi: An Enforcement Directorate (ED) investigation into alleged foreign exchange law violations by edtech major BYJU’s and its CEO and co-founder Raveendran Bjyu is in the final stages of completion following which…
- Business
Manipal’s Pai acquires Rs 1,400 crore Davidson Kempner debt on BYJU’s
New Delhi: Manipal Education and Medical Group Chairman Ranjan Pai has acquired a Rs 1,400 crore debt raised by edtech major BYJU’s from Davidson Kempner, sources said. The settlement includes a penal…
- Business
BYJU’s to lay off nearly 1,000 employees
Edtech Byju’s has announced to lay around 500-1000 employees in an attempt to cut costs, initiated by the company to streamline operations. This is the second round of layoffs, the first happened…
- India
No FEMA violations found so far after ED searches at BYJU’S
New Delhi: The initial investigation after the recent searches at BYJU’S have so far found no Foreign Exchange Management Act (FEMA) violations by the edtech firm, according to sources. Sources indicated that…
- India
ED raids BYJU’s; claims it remitted Rs 9754 cr to foreign jurisdictions
New Delhi: The Enforcement Directorate (ED) has conducted search and seizure operations at three premises of Raveendaran Byju and his company ‘Think & Learn Private Limited’ in Bengaluru under the provisions of…
