Sunday, July 14, 2024

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BYJUs

From once being on Forbes’ Billionaire list, Byju Raveendran’s net worth plummets to zero

A year ago, Byju Raveendran's net worth stood at ₹17,545 crore ($2.1 billion) However, in the wake of a series of crises, his net worth has dropped to zero.

Byju’s vacates all offices except Bengaluru Headquarters, mandates employees to work from home

In previous years, Byju’s laid off thousands of its employees and recently it defaulted in paying the full salaries of its employees for February.

Rumours of my firing exaggerated and highly inaccurate: After being ‘fired’ by Bjyu’s shareholders, B. Raveendran asserts he continues to be the CEO

Byju's CEO Byju Raveendran refuses to accept decision of shareholders to fire him, calls the EGM invalid

Family takes away TV installed in Byju’s office after cash strapped Ed-tech company refuses to refund for a learning program

The controversial ed-tech startup Byju's, which is under scanner for possible violations of the FEMA, ran into yet another embarrassing predicament after a family visited their office, dismantled a TV installed there and took it away over non payment of refund

ED seeks ‘look out circular’ against Byju’s co-founder B. Raveendran over Foreign Exchange Management Act (FEMA) violations: Report

Once lookout circular is issued, Byju Raveendran would not be allowed to leave the country after he returns to India.

BCCI drags Byju’s to NCLT over pending dues of nearly Rs 160 crore, edtech firm says hope to settle matter soon

The case was filed on 8th September and officially registered on 15th November pertaining to the dispute around sponsorship rights of the Indian cricket team's jerseys.

ED issues notice to Byju’s demanding Rs 9,000 crore for FEMA violation, firm denies receiving any such communication

The development comes a day after the company failed to meet the deadline to clear the dues of the employees who were laid off.

Shah Rukh Khan, Byju’s staffer ordered to compensate IAS aspirant for ‘fraudulent behaviour’ and ‘unfair trade practices’: Details

Shah Rukh Khan and a BYJU's staffer were ordered to compensate the victim with Rs 1.08 lakhs paid at the time of admission i. 2021, along with 12% annual interest.

‘Routine enquiry under FEMA, we have been completely transparent with the authorities’, says Byju’s after ED searches

'Routine inquiry, closely working with authorities', Byju's says after ED searches

ED raids three BYJUs premises in Bengaluru over FEMA violations

According to the probe agency, BYJUs has received foreign direct investment (FDI) worth Rs 28,000 crore between 2011 and 2023.

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