A month after being announced as the youngest International Cricket Council chairman, the Board of Control for Cricket in India’s secretary, Jay Shah, is expected to continue as the BCCI secretary until the end of November, reported Hindustan Times on Tuesday. According to the schedule, the BCCI Apex Council will meet on 25 September to…
NEW DELHI: Byju Raveendran, the founder of Think and Learn, the edtech company that owns the Byju’s brand, will assume control of the company’s daily operations following the departure of CEO Arjun Mohan, as announced by the company on Monday. The company has revealed a significant restructuring of its business, consolidating its operations into three…
Byju Raveendran will now handle the firm’s day-to-day. New Delhi: Founder of the edtech company Think and Learn, which owns the Byju’s brand, Byju Raveendran will handle the firm’s day-to-day operations following the resignation of CEO Arjun Mohan, the company said on Monday. Following the move, the company has announced a major rejig of the…
Byju’s salary update: The edtech major Byju’s, which is facing financial challenges, has started paying salaries for March and aims to complete the process by April 18. The management team informed employees that due to issues with accessing funds from a rights issue, they have arranged an alternative credit line to ensure timely payments. According…
NEW DELHI: Byju’s has once again postponed salaries for many employees for the second consecutive month, citing an interim order obtained by certain foreign investors in late February. This order restricted the use of funds raised through a recent rights issue. In an email on Monday, the company’s management conveyed the news of the salary…
Byju’s has asked about its14,000 employees to work from home (File) New Delhi: Edtech firm Byju’s has asked its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid the ongoing crisis. Sources told NDTV Profit that except for IBC Knowledge Park in Bengaluru – where over 1,000…
MUMBAI: Byju’s has given up all office spaces except its Bengaluru headquarters as the troubled startup struggles with cash crunch. Sources at the company said that the move is part of the firm’s business restructuring that has been mandated by India CEO Arjun Mohan. To be sure, Byju’s has been vacating offices since the past…
MUMBAI: A day after a majority of Byju’s investors voted to remove founder Byju Raveendran as CEO and restructure the board that includes his wife Divya Gokulnath and brother Riju Ravindran, the founder wrote a letter to employees stating that the extraordinary general meeting (EGM) was a “farce” and only 35 of 170 shareholders, representing…
Byju’s said the resolutions taken at the meeting were “null and void” (File) New Delhi: Crisis-hit edtech star Byju’s has contested Friday’s decision of its shareholders to oust its founder as the chief executive officer. The company said the resolutions taken at the shareholders’ meeting were “invalid” since its founders were not present. “The resolutions…
The Enforcement Directorate (ED) has requested the Bureau of Immigration (BOI) to issue a look out circular (LOC) against Byju Raveendran, the founder and CEO of Byju’s, an embattled edtech company, according to sources. The ED approached BOI this month to ensure Raveendran does not depart from the country.An LOC ‘on intimation’ was previously issued…
