Page 17 - Byju's

Byju's yet to pay provident fund for several months to many ex-employees

Byju's made contributions for December 2022, January, February and March on June 19 and then too all employees did not receive the payment

TMS Ep462: Byju's problems, India-US ties, Indian IT stocks, jet engines

Can Byju's revive its fortunes? Will chips, jets and rockets propel India-US ties? What do Accenture's Q3 earnings mean for Indian IT stocks? India-US deal: What are jet engines? All answers here

Edtech major Byju's tells investors it will file 2022 earnings by Sept

Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022

Byju's staff say morale waning amid turmoil amid layoffs at edtech firm

Byju's has already let go of several thousand employees this year due to slowing demand and it is locked in a legal battle with its lenders and faces regulatory scrutiny

Prosus, Peak XV Partners, CZI confirm stepping down from Byju's Board

The resignations by the auditor and board members complicate the troubles that the company is facing

Mature start-ups need fully functional boards: Auditing major Deloitte

Deloitte has recommended that a mature start-up should forecast CSR spends depending on profitability, and a CSR policy should be made available on the company website

Byju's early investor Pai calls for better governance after auditor exit

Deloitte disclosed on Thursday that it was resigning as auditor because Byju's had delayed providing financial statements for 2021-22

Edtech major Byju's in talks with investors who quit board to reconsider

Byju's investors had in recent months raised concerns with the company's leadership related to audit delays and how it dealt with issues relating to its lenders, one source said

Corporate affairs ministry ordered inspection of Byju's last week: Report

The ministry has taken cognisance of various corporate governance lapses at Byju's, the television channel reported

Corporate Affairs Ministry ordered inspection of Byju's recently: Report

We have not received any such correspondence from MCA regarding this, and are not aware of any such inspection, the spokesperson said in a statement

A hard lesson for Byju's Raveendran amid mass firings, delayed results

The former teacher from the southern state of Kerala got carried away. In 2015, just as a smartphone revolution was about to kick off in India, he launched a learning app

Troubles mount for Byju's, auditor Deloitte resigns over financial results

Separately, three board members reportedly resign but the company denies this

Top headlines: Byju's sacks staff, Zee Ent terms Sebi's order unjustified

Business Standard brings you the top headlines at this hour

India's largest edtech firm Byju's sacks 1,000 more; count jumps to 3,500

The company, according to the sources, will give two months' salary to those laid off

Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's

Byju's recently filed a suit against US-based investment mgt firm Redwood to challenge the acceleration of the $1.2-bn term loan B facility, and disqualify the lender for its 'predatory tactics'

After riding the pandemic edtech boom, Byju's inverted learning curve

India's first decacorn is mired in losses, court cases, valuation cuts and the attention of enforcement agencies

TMS EP452: Byju's debt crisis, Apple Vision Pro, market, sellers' inflation

How can Byju's get out of its debt crisis? How will Apple Vision Pro change the user experience? How to identify potential winners in the stock market? What is sellers' inflation? Answers here

Top headlines: Show-cause notice to Xiaomi, worried Byju's investors & more

Business Standard brings you top news at this hour

Edtech giant Byju's 'meritless' suit effort to avoid obligations: Lenders

Byju's filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion term loan B facility, and disqualify the lender for its "predatory tactics"

$1.2-billion loan dispute: Byju's' legal battle worries key investor

"They are extremely concerned," said the person familiar with the matter. "They have dispersed some tranche of the amount and may not disperse further"