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BYJUS PROTEST
WazirX’s legal woes mount; NPCI’s big profitTwo large users of WazirX have raised questions about the legal proceedings over the $230-million cyberhack. This and more in today’s ETtec...- SC denies relief to Byju’s; China back in India’s electronics playIn another blow to Byju’s, the Supreme Court has once again refused to halt the insolvency proceedings against the embattled edtech startup...
- Prosus writes off investment in Byju's marking $493 million lossProsus writes off 9.6% stake in Byju's worth $493 million due to value decrease as per HSBC note. Also marks investment in Primrose Hill (Z...
- Byju’s challenges NCLT order restricting fund use in Karnataka High CourtByju’s faces protests from investors over $200 million rights issue conducted at 99% discount. Lenders within consortium loaned $1.2 billio...
- NCLT directs Byju’s to maintain status quo, halts $200 million rights issueThe National Company Law Tribunal (NCLT) has directed edtech major Byju's to maintain status quo in its shareholding, pausing its controver...
- Paytm Bank slows down in Fastag lane; q-comm in soup over food safetyHappy Friday! Banks are gaining ground in the toll payments space as Paytm Payments Bank’s market share continues to plummet. This and more...
- Macquarie slashes Byju’s valuation by 98% after Julius Baer protestThe unit of Australia’s Macquarie Group Ltd. is cutting the value of its stake in the beleaguered education provider by about 98%, the peop...
- Winning the subscription battle; and other top tech, startup stories this weekE-commerce industry executives say that the key to making a subscription programme work is always a large bouquet of offerings. The pricing...
- Byju’s seeks lifeline, valuation crashes 99%Edtech major Byju’s beset with internal and external challenges rolled out a rights issue to raise up to $200 million. In its desperate att...
- FY23 earnings for Unacademy, Myntra; Union Bank staff spurn digital currency perksFY23 results for Myntra, ZestMoney, Curefoods, Unacademy, Sugar Cosmetics, and Kapiva presented a mixed picture on Wednesday, with surging ...
- Mojocare’s plan for its remaining capital; Mamaearth's fresh global pushThe board of troubled health and wellness products startup Mojocare has taken a call to return the remaining capital to investors. Details ...
- Exclusive: Byju’s, lenders agree to alter terms of $1.2 billion loanCreditors could drop the demand for accelerated repayment; all litigations may come to an end if talks turn out to be fruitful.
- Byju’s staffers temporarily call off protest after ‘unplanned’ town hallThe virtual town hall, a 50-minute call starting around 11 am, had Mohit assure employees that the company will no longer delay variable pa...
- Ripple effects of Byju’s crisis; Foxconn pings others as Vedanta JV stallsThe crisis at Byju’s is experienced first-hand by its employees, who now stare at an uncertain future as their employer battles one problem...
- ETtech Exclusive | Snap’s India usage doubled in 2022: Evan Spiegel; Byju’s in funding talks with Apollo Global, Abu Dhabi Fund 10X ADSnap Inc's cofounder & CEO spoke exclusively to ETtech about growth in the Indian market, leadership changes here, and focus on monetisatio...
- Telcos want the likes of WhatsApp, Telegram to come under Trai; Byju’s in funding talks with TPGTelecom operators, including Reliance Jio, Bharti Airtel and Vodafone Idea, have once again made a strong pitch for regulation of communica...
- Fintechs, RBI consult over FLDG rules; restaurants explore options as Zomato Gold returnsFollowing the release of the Reserve Bank of India’s (RBI’s) new digital lending rules, fintechs in India have been in continuous consultat...
- The lessons we learnt from 2021’s controversies2021 — also known as the year of the brouhaha, when the advertising and marketing sector faced a fair share of storms. Industry vets tell E...
- ETtech Evening Briefing on Feb. 16, 2021: Greta’s toolkit explainedShared by Greta Thunberg on February 4, the protest toolkit has been spoken about endlessly since the arrest of 21-year-old climate activis...
- Kerala assembly passes resolution against the three Central farm laws demanding its withdrawal
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