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ED slaps over Rs 9,300 cr FEMA notice against BYJU's, main promoter Raveendran | Business News

Post final adjudication, the ED has powers to penalise FEMA violators up to three times the value of the amount mentioned in the show cause notice. ....

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BYJU's to lay off up to 3,500 employees this fiscal | Business News

BYJU's had "over hired" people at the time of Covid pandemic due to sudden jump in online education, but the demand has now receded, for which the company needs to do the course correction, reported PTI quoting sources. ....

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Byju's hid $533 mn in obscure hedge fund, say lenders; firm says not proscribed to move funds | Business News

Byju's US-based subsidiary Alpha Inc transferred more than half a billion dollars to Camshaft Capital Fund in 2022, Bloomberg reported, citing a lawsuit in US court. ....

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Byju's, creditors agree to amend $1.2 billion loan terms

Byju's and its lenders, who own more than 85% of the edtech startup's $1.2 billion term loan, have agreed to work towards amending that loan by August 3, the steering committee of the creditors group said on Monday. ....

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Byju's downsizes Bengaluru office space to cut costs, ramp-up liquidity

The move comes as Byju's has already let go of thousands of employees this year, while grappling with multiple legal and financial woes. ....

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