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BYJUS NEWS TODAY
Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...- Byju’s under scrutiny again; Infosys’ bonus bonanzaIndian authorities have started a fresh investigation into Byju’s financing and accounting practices. This and more in today’s ETtech Top 5.
- De-risking startup investing; Apple eyes more India manufacturing tie-upsHappy Tuesday! The Centre is charting a plan to cut investment risks for pension funds and insurance companies. This and more in today’s ET...
- Byju’s India CEO out; ShareChat valuation drops 60%Byju’s India CEO Arjun Mohan has resigned after just six months in the job. Founder Byju Raveendran will fill in the role for now. This and...
- Sachin Bansal’s Navi eyes $2B valuation; Byju’s seeks arbitration in investor battleSachin Bansal-promoted Navi Technologies is in the market to secure external funding at a valuation of around $2 billion. Details of this a...
- Byju’s fires 500 employees; India Inc and influencer marketingTroubled edtech Byju’s has fired nearly 500 staffers amid a severe cash crunch. More details on this in today’s ETtech Top 5.
- Byju’s vacates offices to cut costs, may give up Bengaluru HQ partiallyByju's is undergoing cost-cutting and restructuring by downsizing assets like offices and tuition centers. It aims to focus on top cities, ...
- NCLT reserves order on Byju’s rights issue; Meity tweaks IT rulesByju’s and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea a...
- ED smells Fema trouble in Paytm bank; legal breather for Byju’sThe Directorate of Enforcement is probing potential violations of forex laws linked to entities using Paytm Payments Bank. More stories aro...
- Byju’s CFO quits; Flipkart’s Big Billion sale numbersIn another blow to edtech Byju’s, its chief financial officer, Ajay Goel, is leaving after seven months at the company. This and more in to...
- Govt plans stricter rules to deter betting apps; Indian cricket jerseys fly off ecommerce shelvesTo curtail the spread of illegal online gambling and betting via offshore platforms in the country, the Centre is planning to tighten the r...
- Byju's to hold board meeting to approve delayed FY22 financialsByju's is at least 12 months behind the statutory due date to file its FY22 financial results with the Registrar of Companies. The delay ha...
- ETSA 2023: Jury to pick winners today; Byju’s puts prized assets on the block to raise capitalD-Day is here! In a virtual meet today, the jury of the Economic Time Startup Awards 2023 will reveal the brightest stars in India’s startu...
- Byju’s remits remaining PF contribution for employees after delayAccording to EPFO rules, employers or companies are mandated to deposit the PF for a particular month by the 15th of the next month.
- Things aren’t as bad as you think: Byju Raveendran tells employeesAt a townhall, Byju Raveendran says talks with term-loan lenders have taken ‘constructive turn’, Deloitte and directors left on good terms;...
- PhonePe goes live with merchant loans; Government probing Byju’sAfter its failed ZestMoney acquisition, PhonePe is kickstarting its credit journey with merchant lending.
- Petitioners against Google get relief from Madras HC; Byju’s plans more job cutsThe Madras High Court has been asked to play Solomon by a clutch of companies in their ongoing battle against Google over its billing pract...
- Byju’s lenders scrap talks to recast $1.2B loan; Janus Henderson cuts PharmEasy valuation furtherByju’s woes seem to have no end. The company has suffered a series of setbacks over the last year, including ED raids and valuation markdow...
- Zomato trims Q4 losses, aims to turn fully profitable in a year; Delhivery quarterly revenue slips, loss widensTwo important financial results were released today in the listed technology world. Zomato’s revenue rose 70% as it cut losses during the f...
- Byju’s raises $500 million in round led by Silver Lake, valuation almost $11 billionSince the lockdown, Byju’s has seen over 20 million new students start learning from its platform for free. Today, the app has over 64 mill...
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