Page 6 of Byjus

Byju’s shareholders vote to remove Byju Raveendran as CEO of edtech major

The decision resulting from the vote during the Extraordinary General Meeting (EGM) won’t take effect until March 13.

Updated: February 23, 2024 19:46 IST

This move aims to prevent additional dilution to their shareholding. (Image source: Reuters)

Byju Raveendran ‘unfit’ to run company – Byju’s investors move NCLT over mismanagement, oppression

Byju’s Latest News: The mismanagement plea by the investors also seeks the NCLT to declare the rights issue as void.

Updated: February 23, 2024 14:02 IST

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Raveendran, wife & brother not to attend EGM tomorrow

Meeting will get adjourned because of lack of quorum

February 23, 2024 06:20 IST

ED seeks ‘look out circular’ against Byju Raveendran over FEMA violations

The ‘on intimation’ look out circular means that the authorities concerned are informed about the probe against a person and…

Updated: February 22, 2024 11:21 IST

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EGM moves won’t be valid until Byju’s plea heard: HC

Investors seek board rejig, CEO’s ouster in tomorrow’s meeting.

February 22, 2024 06:15 IST

Raveendran's letter to the shareholders comes ahead of an extraordinary general meeting on Friday.

Byju’s opens channel with miffed investors

Offers monitoring mechanism for use of funds post-rights issue

Updated: February 21, 2024 08:12 IST

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Byju’s asked by Karnataka Labour Department to pay up former employees

Sources close to the company confirmed that an HR executive from the company, and a few former employees attended the…

February 17, 2024 05:30 IST

The company's monthly payroll expenses are close to Rs 70 crore, according to sources.

Byju’s investors issue notice for EGM; want to oust founders

The reconstitution of the board of directors, so that it is no longer controlled by the founders of Byju’s parent…

February 2, 2024 01:10 IST

The day started with a phishing attack to attempt to disrupt the meeting.

Byju’s launches rights issue to raise $200 million

The issue will happen at a post-money valuation of $220-250 million, which is 99% lower than the company’s last funding…

January 30, 2024 00:45 IST

Poor lessons: Through its dodgy accounting, Byju’s has queered the pitch for India’s start-ups

Tracxn estimates that the number of investors has increased from 2,450 in 2014 to 16,300 in 2021.

January 25, 2024 03:00 IST

Salaries at Byju’s set to be delayed again

Byju’s FY22 losses jump 80 per cent to Rs 8,245 crore

Think and Learn posted an operational loss (EBITDA) of Rs 4,143 crore in FY 2021, the company said in a…

Updated: January 24, 2024 00:46 IST

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Byju’s faces backlash from employees and IT department for delaying TDS deposits

The affected employees allege that the TDS deducted from their salaries from April 2023 onwards do not reflect on their…

Updated: January 17, 2024 22:43 IST

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Aakash’s revenue up 45 per cent, profit jumps 82 per cent in FY22

Tuition fees earned from students on coaching services increased 48.4% to Rs 1,282 crore, which accounted for 87.8% of the…

January 16, 2024 00:45 IST

Startup Grapples with Lender-initiated Bankruptcy and $1.2 Billion Term Loan Repayment Negotiations.

BlackRock slashes Byju’s valuation by 95 per cent to $1 billion

While Blackrock, like other mutual fund investors, makes multiple disclosures about its portfolio during a year.

January 13, 2024 02:45 IST

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No thaw in funding winter; 108 startups laid off 15,000 staff this year

B2B platform Udaan sacks 8% of its staff.

December 19, 2023 05:30 IST

Meeting will be adjourned because of a lack of quorum.

Byju’s founder pledges homes to raise funds to pay salaries to 15,000 employees

Byju Raveendran has pledged his home as well as those owned by his family members to raise money for paying…

December 5, 2023 10:01 IST

Raveendran emphasised his commitment to transparency, stating that he no longer sugarcoats his words.

Prosus marks down Byju’s valuation below $3 billion

This is the second time in a year that Prosus has marked down Byju’s valuation.

November 30, 2023 05:15 IST

The company, which has a total of about 14,000 employees in India, excluding subsidiaries like Aakash Institute, resets its salary cycle on the first of every month.

BCCI drags Byju’s to NCLT

The case between the BCCI and the parent company of Byju’s, Think and Learn, was scheduled for a hearing on…

November 29, 2023 01:50 IST

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‘Terrorism and water sharing cannot flow together’: Jaishankar’s sharp warning to Pakistan

India News42 min ago

Jaishankar, speaking at IIT Madras, sends a strong message to Pakistan that India will no longer tolerate terrorism and will not separate regional cooperation from security concerns. He emphasizes the need for a recalibrated foreign policy that focuses on humanitarian aid while also taking a firm stance on security.

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