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Byju's fires 500 employees; India Inc and influencer marketing

Troubled edtech Byjus has fired nearly 500 staffers amid a severe cash crunch. More details on this in todays ETtech Top 5. ....

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byjus news: BCCI initiates insolvency plea against Byju's over unpaid dues

The complaint has been registered with the Bengaluru bench of the National Company Law Tribunal (NCLT). Justices K Biswal and Manoj Dubey have scheduled the next hearing for December 22. ....

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Byju Raveendran: ED issues show cause notice of Rs 9,362 crore to Byju's for forex violation

Earlier in the day, ET reported that ED had found alleged forex violations to the tune of Rs 9,000 crore by edtech giant Byjus, citing sources. In response to ETs request for comment on the matter, a spokesperson said the company “unequivocally denies media reports that insinuate it has received any notice from the Enforcement Directorate.” ....

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Byju's to rebrand WhiteHat Jr as Byju's Future School, fully merge operations with itself

A merger of WhiteHat Jr with self would thus help the company in reducing its overall burn, which will be critical considering its impending cash needs ....

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Byju's to cut 5,500 jobs amid restructuring of business

The job cuts are being implemented only at Byju s parent, Think & Learn, and are not linked to any of its subsidiaries. ....

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