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6 days ago · Karnataka Labour Minister Santosh Lad has urged Byju's parent company, Think and Learn, to address outstanding dues owed to former employees, according to media reports. Approximately 160 to 200 ex-employees have approached the Labour Department, with total unpaid dues amounting to around Rs 4.5 crore.During a meeting at Vikasa Soudha in Bengaluru, Lad directed the company to pay at least 50 per cent of the outstanding dues promptly, with the remainder to be settled subsequently, according ...
6 days ago · Indeed, Byju’s founders, who also serve as the three directors of the overall enterprise—Byju Raveendran, Riju Ravindran, and Divya Gokulnath—unlawfully diverted $533 million in loan proceeds, the whereabouts of which are still unknown." Close to ten petitions are pending against the edtech firm at the Bengaluru bench of the NCLT.
3 days ago · Total revenues from operations grew by 20.4% y-o-y in Q4 FY24 to Rs. 164.9 Crore, showing sustained growth momentum across the year. Here, on their part, Aloke Bajpai, CEO of Ixigo and Rajnish Kumar, Co-CEO of Ixigo due to their strategy that majorly involved being customer centric, respectively, attributed this success.
3 days ago · Rights issue row: Karnataka High Court directs Byju's to maintain status quo. ... Byju Raveendran. Follow Us.
4 days ago · Further rounding off the financials, Ixigo added that in Q4 FY24, EBITDA grew 23.2% compared to Q4 FY23 and 17.8% against FY23 to finally settle at Rs 53.1 crore. "In Q4, we delivered double-digit adjusted EBITDA margins and grew our market share in flights, buses and trains despite continued challenges within market capacity growth," it added.
4 days ago · Earlier, Byju’s said the delay stemmed from funds raised through a recent rights issue, which have been locked in a ‘separate account’ due to the ongoing dispute with the investors. The company management, including founder Byju Raveendran, had assured employees that regardless of the court verdict, they would receive payments.
3 days ago · Government probe clears BYJU's of fraud but flags governance lapses Byju Raveendran. Prosus writes off investment in BYJU'S, records $493 million loss National Company Law Tribunal.
