Tata Consultancy Services has announced plans to cut almost 12,000 jobs, that is about 2% of their total workforce. With a current employee base of over 600,000 worldwide as of June 2025, this is a significant move for a company that has long been the pillar of India’s IT sector.According to media reports, the organisation…
Byju’s founders Byju Raveendran and Divya Gokulnath are preparing a $2.5 billion lawsuit in India and overseas as the edtech giant battles insolvency proceedings and a legal dispute with Glas Trust, trustee for Term Loan B lenders.According to their legal counsel, the planned legal action will be pursued both in India and internationally, targeting those…
BENGALURU: Byju’s has sold its US-based subsidiaries, Epic and Tynker, as part of US bankruptcy proceedings, in what appears to be a fire sale. This marks the latest step in the Indian edtech company’s asset liquidation following its financial collapse. Epic was acquired for $95 million by the Chinese education firm TAL Education Group, while…
BENGALURU: Aakash Educational Services filed an application before the NCLT in Bengaluru, seeking to dismiss a petition filed by Byju’s and calling for the impleadment of consultancy firm EY and its partner Ajay Shah. AESL alleged a conflict of interest, citing EY’s past advisory roles in transactions now being challenged by the resolution professional (RP)…
Byju Raveendran (File photo) BENGALURU: Byju’s founder, Byju Raveendran, outlined plans for what he described as a major reboot of the embattled edtech company, centred around AI-powered personalised learning and a renewed focus on mission-driven education. In a wide-ranging interview on ANI’s podcast with Smita Prakash, Raveendran addressed controversies around his leadership and financial mismanagement…
CEO Byju Raveendran in interview with ANI NEW DELHI: In his first extensive pubsince Byju’s came under intense scrutiny, founder and CEO Byju Raveendran has laid out a renewed vision for the embattled ed-tech company- “Byju’s 3.0”- with a sharp focus on returning to its roots: empowering teachers, prioritizing students as he explained on why…
NEW DELHI: National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BCCI and Byju’s board member Riju Raveendran, rejecting their request to withdraw insolvency proceedings and allow a settlement between debt-ridden edtech firm and the cricket board.The appellants had challenged the February 10, 2025 order by the Bengaluru bench of the National…
BENGALURU: Pankaj Shrivastava, the interim resolution professional at Byju’s, has convened a committee of creditors (CoC) meeting on Saturday, to vote on who would be the permanent resolution professional, as per sources.In accordance with a National Company Law Tribunal (NCLT) ruling, Glas Trust Company, the administrative agent appointed by a group of lenders of Byju’s,…
Mumbai: Byju Raveendran, founder of edtech startup Byju’s, allegedly tried to convince his US-based business associate William R Hailer to leave the country so he could skip appearing in court to testify about Raveendran’s involvement in dubious activities.“On Nov 20, Byju arranged a ticket for me to Dubai on Emirates out of Chicago, Illinois to…