Page 4 - Byju's

Top headlines: Consumer protection rules, Infosys may overtake Cognizant

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Byju's Aakash Educational Services IPO valuation likely to hit $4 billion

May pick the lead bank in 2 weeks and DRHP expected in Jan-Feb

Byju's decides not to shut its Kerala centre after founder meets CM

Byju Raveendran reiterates his commitment to the state, says company spokesperson

Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran

"I want to emphasise that the overall job cuts are not more than five per cent of our total strength," he said

Truly sorry to those who'll have to leave Byju's, says Raveendran to staff

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

Top headlines: Morbi death toll at 132; India Inc eyes Dubai for investment

Prime Minister Narendra Modi on Sunday said he could foresee that India would soon be manufacturing big passenger aircraft that would proudly bear the words 'Made in India'.

No plans to exit Kerala, will hire around 600 people, says Byju's

The total number of Byju's centres across the state will be 14, while no. of employees will increase from 3,000 to 3,600

Employees not forced to resign, it's part of 5% workforce reduction: BYJU's

Earlier this month, BYJU's had announced to reduce 5 per cent of its 50,000-strong workforce (about 2,500 people), which will be "rationalised across product, content, media

Byju's laying off workers in Bengaluru HQ, says K'taka IT workers' union

Bengaluru-based Edtech giant Byju's, after making news for massive layoffs in Kerala's Thiruvananthapuram, is now facing similar allegations in this city of Karnataka

Kerala govt to meet Byju's executives on Nov 2 as 170 staff asked to resign

A meeting was called by the officials of the labour department on October 25, but the company did not appear for meeting

Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'

The loan was granted at an interest rate of 7.5 per cent per annum, according to the filing

Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%

Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million

Kerala government orders probe as Byju's shuts down Trivandrum office

A Byju's official said that the company is aiming to cut costs and "restructure" for profitable growth

Byju's employees meet Kerala minister after 170 staff are 'asked to resign'

Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its latest financial report

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

The funds are being raised at a time when the company said it is in the sweet spot of its growth story and the capital its invests in its business now will result in profitable growth

The great Indian unicorn conundrum: High valuations and higher losses

Companies get investors' financing though many of them not on path to profitability

Byju's raises $250 mn from existing investors, valuation remains at $22 bn

Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability

Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss

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Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances

Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech

Will hire 10,000 teachers in next 6 months, says Byju's co-founder

The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023