On a standalone basis, Aakash reported a loss of ₹266 crore and negative net worth of ₹441.6 crore. Current liabilities exceeded current assets by ₹1,411.6 crore. Bengaluru: A long-drawn court battle ...

Byju Raveendran has proposed relinquishing his claimed beneficial interest in 17.89 Mn Aakash shares to settle Qatar Holding’s arbitration claim of more than $235 Mn The shares are a key asset in ...

MUMBAI, June 26 (Reuters) - Byju's global lenders are in talks to take a roughly 30% stake in one of its partly-owned education firms and drop all legal action against the Indian company's founder ...

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New Delhi: Byju Raveendran, the founder of the famous edtech startup Byju’s, which is struggling with a terrible financial crisis, is ready to return the money to the lenders. However, he has set a ...

Sept 7 (Reuters) - Indian education technology company Byju's' auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju ...

An Indian tribunal court on Tuesday initiated insolvency proceedings for Byju’s, once India’s most valuable startup, in response to a petition from the country’s cricket board. The ruling effectively ...

Edtech giant Byju's was once India's most valuable startup, hitting a valuation of $22 billion in 2022. The Indian company has since seen a sharp reversal in its fortunes, following a series of ...

(Bloomberg) -- A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 ...

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Due to operational and financial problems, Byju's, a once highly valued edtech start-up, has gone under a severe decline. According to experts, this is a necessary adjustment to the Indian startup ...

(Bloomberg) -- Lenders accused one of India's hottest tech companies, Byju's Alpha, of hiding $500 million as part of a fight between creditors and the self-proclaimed biggest education technology ...