An Extraordinary General Meeting (EGM) of Byju's shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged "mismanagement and failures". Raveendran and his family stayed away from the EGM, calling it "procedurally invalid."
Anurag Tiwari, national academic director, medical, Aakash+BYJU'S, answers queries from students who will appear for the exam the first time this year.
Australia blanked England while South Africa and Bangladesh showed their bowling prowess with mighty wins over Zimbabwe and USA respectively. In the 16th-place play-off, Afghanistan fought off a spirited USA side to win a low-scoring thriller.
Hardik recently led his IPL franchise Gujarat Titans to title win in their debut season
'How many more chances to Rishabh Pant?' is what folks on social media were asking after yet another white ball failure for the left-hander.
Chennaiyin FC beat Delhi FC 2-1; Gokulam qualifies following Bengaluru-Blasters draw
Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around Rs 4,000 crore of personal capital into the company in recent months. This move comes as the company grapples with challenges, including securing fresh capital, delays in financial reporting, and legal disputes with lenders. "Raveendran has pledged personal property to assist the company in dealing with the crisis. "He conveyed to employees that despite perceptions of being a billionaire, he has reinvested a major portion of his wealth back into the company," said a person familiar with the matter.
'Yashasvi-Tilak should be given a longer rope and encouraged to bowl as often as possible. Washington has to be in India's T20 scheme of things too.'
So upset was Nehra with Titans' slide that he didn't celebrate Gill's maiden IPL century. While the players and coaching staff gave Gill a standing ovation, Nehra stayed put in his seat.
The bride and groom complemented each other in red and white Manish Malhotra ensembles, and made loved-up pictures on social media.
This, Byju, was the time to apply the business lens, treat your company as a business, run your company as a business. Instead, you splurged, observes Suveen Sinha.
With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.
The legal battle between Byju's and lenders in the US on the edtech firm's $1.2-billion term loan B (TLB), along with the company skipping an interest payment of $40 million on the loan, has made the other investor Davidson Kempner Capital Management, "extremely concerned", according to the people familiar with the matter. They said Byju's has closed a Rs 2,000-crore ($250 million) round from the US-based investment firm and it may stop or consider slowing down the flow of various tranches of that capital to the company. It may also decide not to provide any new funding or participate in any such round in the future, the sources said.
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
Mrinal Kutteri scored a perfect score of 720/720 in the National Eligibility cum Entrance Test Undergraduate (NEET UG) 2021.
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
Chennaiyin FC beat Tribhuvan Army 3-0 to enter quarter-finals
'He has scored one fifty in five matches, and it was a scratchy fifty against Netherlands.'
Shobhaa De recalls the splendid glowing Diwalis of her childhood.
Leading scientists and experts said this monumental accomplishment not only marks India's indelible imprint on lunar exploration but also demonstrates the prowess of human collaboration, determination, and cutting-edge technology.
Esports to breakdancing, Hangzhou will set the trend for future of sport
Indian Army soldiers posted along the Line of Control in Akhnoor light candles on Dhanteras.
The international award-winning series Delhi Crime returns for a second season, and certainly called for a special screening that no one wanted to miss!
India's schedule on Day 4 of the Asian Games on Wednesday, September 27.
Serum Institute of India (SII) and Bharat Biotech have also stopped producing the Covishield and Covaxin vaccines respectively.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
A common mistake students make is either they don't have a focussed strategy or there are too many gaps in the study plan, warns Dr Rajesh Pandey, Academic Head, Engineering, Aakash Byju's Digital.
The team was picked following eight days of competition in the ESFI's National Esports Championship.
It is not certain whether KL Rahul opening the batting will work for the team in the future.
wo months into his stint as West Bengal governor, La Ganesan copped national criticism for pushing Indian football talisman Sunil Chhetri, in order to get clicked during the Durand Cup prize distribution ceremony in Kolkata.
Sisi will be the first Egyptian President and the fifth leader from the Middle-East to grace the Republic Day celebrations as the chief guest. He is scheduled to arrive in India on January 24.
Anurag Tiwari, National Academic Director, Medical, Aakash+BYJU'S, will address your queries and offer expert advice.
Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed. In a letter sent to the board of Think & Learn Pvt Ltd (known as Byju's), Deloitte said it has not been able to start an audit due to the delays and that will have a "significant impact" on its ability to "plan, design perform and complete" the audit as per standards.
The Indian Air Force will carry out a mega exercise covering the Northeastern region early next month to check its combat readiness, amid a fresh spike in tension with China along the Line of Actual Control in Arunachal Pradesh.
With the first season of the Web series Inside Edge doing really well, the second season is ready for streaming on December 6.
Despite the recent turmoil in the Indian markets after a scathing report on the Adani group from Hindenburg Research, American private equity major Blackstone is "bullish" on the India growth story and plans to invest more in the country's infrastructure and real estate projects. "We have a long-term view on India, as growth will be higher here. We have invested half of our Asia exposure in India. "Our extraordinary performance in India has made us bullish," said Jonathan Gray, president and chief operating officer of Blackstone.
For her first formal appearance at this year's Cannes Film Festival, jury member Deepika Padukone channeled her inner royalty.
With the T20 World Cup looming later this year in Australia, Pandya bowling at full throttle is music to the ears of the team management.
Police escorted the rally all the way, at one point standing in a row to prevent the rallyists from entering a side road where stood a huge mosque. Across the road, an old Muslim woman asked her Hindu neighbour what the rally was all about. The latter shrugged her ignorance, looking on in bewilderment at the young men with their saffron flags, all of them wearing Bajrang Dal T-shirts.
Zerodha and True Beacon co-founder Nikhil Kamath, along with Abhijeet Pai, has invested in Omnipresent Robot Tech through their investment arm Gruhas Proptech. This round also saw co-investments from Kavin Shah, and other individual high networth individual (HNIs), according to a statement released on Thursday. However, the amount invested by Kamath and Pai has not been disclosed.
