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BYJUS PROBE
Byju’s faces new probe over financial, accounting practicesIndian authorities have launched an investigation into Byju's financial practices, including potential misreporting and fund diversion. Thi...- ETtech Explainer: What's next for Byju's after SC stays settlement deal with BCCIByju's founder Byju Raveendran is dealing with several legal disputes, including a Rs 158 crore payment issue with the Indian cricket board...
- Proceedings initiated against Byju's under companies law 'still ongoing': MCALast year, the ministry ordered the inspection of the books of Byju's in the wake of various developments at the edtech company, including ...
- Probe finds Byju’s failed investors but didn’t commit fraudByju's governance lapses led to financial troubles, legal battles, and Raveendran's efforts to innovate and manage debts for the ed-tech co...
- MCA seeks fast submission of inspection report on Byju’s; company says 'complied with' govt directionsThe Ministry of Corporate Affairs (MCA) has requested a swift investigation into potential corporate governance issues at Byju's and will d...
- Govt expedites inspection of crisis-hit Byju's books amid growing troublesByju's crisis: The corporate affairs ministry expedited the inspection of Byju's books and submitted a report on Think & Learn Pvt Ltd. Tro...
- Byju’s says fully compliant with Fema regulations amid ED probeThe APRs were with respect to duly compliant overseas direct investment (ODI) of about Rs 8,000 crore that arose from the delayed statutory...
- Byju’s has ED trouble, as agency finds alleged forex violations of Rs 9,000 croreThe Enforcement Directorate has found FEMA violations to the tune of Rs 9,000 crore by edtech major Byjus, sources told us.
- More trouble for Byju’s as three board members, auditor Deloitte resignRepresentatives from Peak XV (formerly Sequoia Capital India), Prosus and Chan Zuckerberg, on Byju’s board have resigned along with its aud...
- 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...
- GST officials visit UpGrad office; routine survey, says companyThe news comes a day after ET reported that the directors of embattled edtech major Byju’s parent, Think and Learn Pvt Ltd, may be summoned...
- MCA summons likely for directors of Byju’s parentA senior official privy to the developments told ET that the officer conducting the inquiry will also ask the directors to join the probe i...
- Former UpGrad CEO Arjun Mohan returns to Byju’sBefore his UpGrad stint, Arjun Mohan had spent a little over 11 years at K-12 edtech major Byju’s, where his last designation was chief bus...
- Byju’s misses $40 million loan payment, sues term loan lender RedwoodIn its suit, edtech major Byju’s sought to “disqualify” lender Redwood, which allegedly has taken on “predatory tactics”, and consistently ...
- BlackRock marks down Byju’s valuation again to $8.2 billionEarlier in February, the fund manager had cut the value of its investment in Byju’s to about $11 billion. The edtech firm’s other marquee i...
- Byju’s denies allegations against US arm, says transfers fully compliant with credit agreementThe fund transfers “did not contravene any terms of the parties’ credit agreement and the agreed-upon rights and responsibilities”, Byju’s ...
- Exclusive: ED to tap lenders for information on Byju’s loans, transactionsThe agency is said to be investigating four types of transactions — those related to investments, fees paid by foreign students, sale of ga...
- ED searches premises linked to Byju’s over alleged violation of forex rulesFounder Raveendran to be summoned for questioning; co says it has provided all info sought by ED
- Byju’s reverses decision to close product development centre in ThiruvananthapuramCompany reiterates its commitment to Kerala, says it will pursue a growth strategy in the state
- Byju’s picks up Rs 300-crore loan from subsidiary AakashLast week, Byju’s closed a financing round of $250 million from existing investors, including Qatar Investment Authority (QIA), which led t...
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