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Byju Raveendran and Divya Gokulnath are prohibited by the judge from further transferring or using any of the $533 million in loan proceeds previously held by Camshaft Capital Fund, and subsequently transferred to an unnamed and unknown offshore trust.
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The company has pledged to settle the outstanding balance as soon as it gains access to the funds from the recently concluded rights issue.
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Last month, we faced challenges due to a lack of capital, and now we are experiencing a delay despite having funds, CEO Byju Raveendran told employees
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The lessons from Byju’s and Paytm crises are clear: Innovation must be wedded to integrity and expansion to ethical practice
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Byju Raveendran said that the management remains unchanged, the Board remains the same and the rights issue has “seen an overwhelming response.”
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The company had earlier listed February 1 for the January salary pay-out for its employees, which has now been delayed and there is no communication.
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Edtech company BYJU'S Chief Financial Officer Ajay Goel has quit the company after completing the audit process
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The new social media policy is a part of the companys strategy for a major business restructuring, being undertaken by Arjun Mohan, who was recently elevated as CEO of its India business, replacing Mrinal Mohit.
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New Delhi: Edtech major BYJU’s on Monday said it has roped in former senior executive of IT company Infosys, Richard Lobo, to drive the company’s human resource functions. Lobo joins BYJU’s after a 23-year career at Infosys, where he held various leadership roles, most recently serving as its EVP and Head of Human Resources, the […]
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The deal envisaged AESL merging with TLPL as it was more tax efficient for the seller Chaudhrys
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The ministry has not made its view on whether there is a need for a more rigorous regulatory framework for startups
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The steering committee of lenders has agreed to amend a USD 1.2 billion term loan with Byju's by August 3, 2023, the lenders announced
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Fantasy gaming platform Dream11 is all set to be the new jersey sponsor of the Indian cricket team, replacing edtech company Byju's
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Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process
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Think & Learn Pvt Ltd, BYJU's parent company, is yet to disclose the audited financial accounts for the last two fiscal years
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According to sources, the employees are being asked to immediately resign or face terminations which would affect their career prospectus.
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Digital Employment Exchange of Telangana (DEET) is an initiative of Telangana government, where you can instantly apply for jobs, receive job alerts, government job alerts, walk-in interview alerts, recruitment drives and career advice every day. Workruit & DEET have more than 2,40,000 active vacancies available today. DEET is powered by Workruit (www.workruit.com). Job seekers who […]
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By Amit Mishra Startups in online education saw a spike as a result of the ‘stay-at-home’ Covid policy. Now, as India gets back to the ground, a large number of ed-tech employees are going home. A stock market meltdown earlier this month did not bode well for the wider economic world, and as a result, […]
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New Delhi: Edtech major Byju’s on Thursday said that less than 500 people have been laid off at Whitehat Jr and Toppr, but sacked employees have claimed that 1,100 staff had been retrenched at Toppr alone. The layoff at Toppr comes alongside Byju’s group firm Whitehat Jr retrenching 300 employees in addition to the resignation […]
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New Delhi: As the battered edtech platforms enter the physical tuition centre space, knives are out and the traditional coaching institutes have threatened their teachers on leaving the institutes. As schools and colleges reopen, leading edtech platforms like Unacademy, BYJU’s, Vedantu and the rest are facing the heat. While BYJU’s has already opened offline tuition […]