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Byju’s Files For Bankruptcy In Delaware.

(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 billion in debt.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoQQQ Up in Late Trading as Meta Soars, Apple Falls: Markets WrapLewis Hamilton to Join Ferrari F1 Team in 2025, Leaving Me...

Approximately 58% of its overall revenue came from its core business of selling video lectures recorded on SD cards and tablets

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Edtech major Think and Learn, operating under brand BYJUS, on Tuesday, said its

New Delhi, Jan 23 (PTI) Edtech major Think and Learn, operating under brand BYJU'S, on Tuesday said its operational loss widened to Rs 6,679 crore in FY22, mainly due to losses incurred by subsidiaries White Hat Jr and Osmo.

Residents say red dust from excavation activity at the Pulelehua project is infiltrating nearby properties, causing a range of health and nuisance issues.

The term loan, availed during the peak of its growth in 2021 to support an aggressive acquisition spree, has been a major pain point

For years, a local businessman paid off officials in exchange for lucrative contracts. The system he exploited has been left largely unchanged.

The appointment was made on behalf of secured creditors of Byju’s Alpha Inc, as an exercise of their security rights following defaults by Byju’s Alpha Inc