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News
BYJU
BYJU News
BYJU
23 Oct 2024
SC Sets Aside NCLAT Nod To Byju's Settlement With BCCI
Byju’s Insolvency Case: The NCLAT order came with a rider that in case of failure of timely payment of the dues on the specific dates submitted in the undertaking, the insolvency proceedings would be revived automatically.
BYJU
11 Sep 2024
Byju's Insolvency Case: Supreme Court Sets Plea Hearing For September 17
The August 2 verdict of the NCLAT had come as a huge relief for Byju's as it had effectively put its founder Byju Raveendran back in control.
BYJU
21 Aug 2024
Byju’s Employees Haven’t Received July Salaries Yet, CEO Explains Why
In an email to employees, Byju Raveendran expressed that each legal hurdle has prolonged the company’s journey toward recovery.
BYJU
02 Aug 2024
NCLAT Gives Nod To Byju's Settlement With BCCI, Sets Aside Insolvency Plea
The appellate court maintained that the lenders failed to provide any evidence to substantiate their claims.
BYJU
26 Jun 2024
MCA Denies Clean Chit To Byju's In Financial Fraud Case
The Ministry added that proceedings under the Companies Act, 2013, initiated by the MCA are still ongoing and no conclusions should be drawn at this stage.
BYJU
08 Jun 2024
Byju's, Once Valued At $22 Billion, Is Now Worth "Zero”
The embattled edtech firm is struggling to pay employee salaries amid mounting legal battles.
BYJU
22 Apr 2024
Byju's Pays Partial March Salary Dues Ahead Of NCLT Hearing: Report
The global ed-tech company will have to face a hearing at the National Company Law Tribunal (NCLT) on Tuesday.
BYJU
15 Apr 2024
Byju's CEO Arjun Mohan Quits, Edtech To Consolidate Biz In 3 Units
Byju has now decided to consolidate its business into three “focused” divisions -- The Learning App, Online Classes and Tuition Centres, and Test-prep.
BYJU
09 Apr 2024
Byju's Starts Paying March Salary To Employees
The company raised USD 200 million through rights issue to meet its operational requirements, including expenses related to employees' salaries.
BYJU
08 Apr 2024
Byju’s-Owned Aakash Institute Appoints Deepak Mehrotra As New MD & CEO
Aakash Institute, Mehrotra held the position of Managing Director at Ashirvad Pipes before joining Aakash Institute.
BYJU
02 Apr 2024
Byju's Delays March Salaries; Blames Few Foreign Investors
As you know, the founders have put everything back into the company, and regardless of the court verdict, we are following a parallel line of credit to ensure that you receive your salary by 8th of April," the management said.
BYJU
22 Mar 2024
Byju's Says 262 Tuition Centres Operational, A Few To Undergo 'Strategic Restr
The company is giving up office spaces as the leases expired, keeping only its Bengaluru-based headquarters.
BYJU
15 Mar 2024
US Court Orders Byju's To Freeze $533 Million Owed To Lenders
The court also found that Raveendran and Gokulnath "are working in concert with the defendants and ordered them to comply with its ruling".
BYJU
22 Feb 2024
Investors To Go Ahead With Friday Meet To Oust Byju’s CEO Amid Court Order
The edtech major had filed the petition under Section 9 of The Arbitration and Conciliation Act, 1996.
BYJU
23 Jan 2024
Byju's Seeks To Raise $100 Million With 90% Valuation Cut: Report
The company's core loss expanded by over 61% in fiscal year 2022.
BYJU
01 Oct 2023
Byju's Misses Deadline To File FY22 Financials Will Now Be Released In Oct
In a statement, the company said it will convene a board meeting in the second week of October "for approval and adoption of accounts for FY22".
IT Layoffs 2023
27 Sep 2023
Byju's To Cut 4,000-5,000 Jobs In Business Restructuring Exercise
“Byju's new India CEO, Arjun Mohan, will be completing this process in the next few weeks and will steer a revamped and sustainable operation ahead,” the spokesperson added.
BYJU
29 Jun 2023
“Things Are Not As Bad As You...," Byju's CEO Message To Employees
According to a remark from Byju Raveendran in the Economic Times, "things are not as bad as you think - as you read in the media, for sure." He added that the startup is now more effective than it was six months ago.
BYJU
27 Jun 2023
India's Byju's Seeks To Raise $1 Billion To Stave Off Investor Revolt - Report
Byju seeks to close a round within two weeks, according to the report.
BYJU
25 Jun 2023
Byju's Staff Say Morale Waning Amid Turmoil At Indian Edtech Firm
Byju's has already let go of several thousand employees this year.
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