Page 8 - Great Learning News Today

This is the highest sum given by a batch of alumni to the institute, exceeding Rs 41 crore in donations that the class of 1971 had made during their golden jubilee celebrations in 2022, as per a statement from IIT Bombay.

Having an idea about pay packages can help students decide on the kind of money they would get to live on if they pick up certain jobs. It can also help them decide if they can afford to relocate to another city, and plan how to live away from parents on such salaries.

Byju Raveendran’s decision to pledge personal assets to meet salary obligations at his firm is being seen by some as proof of his commitment, but others are worried

Shareholders abstained to vote initially on resolutions as new statutory auditors MSKA and associates had failed to join. The auditor later flagged lack of internal controls and its ability to continue as a going concern

The spectacular conclusion of Collegedunia Connect 3.0 featured the presentation of Collegedunia Excellence Awards

Byju Raveendran, founder of educational technology (edtech) firm Byjus, 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 ...

Says company is engaged in active negotiations with the lenders to reach a resolution

Though there was no comment from the company, sources said the amounts were credited to the employees on Monday. Last week, Byju’s had said that there was a delay in processing salary for some employees which constitute less than 5 per cent of its workforce due to unexpected technical glitch

Sources says Byju Raveendran is confident of pulling through via asset sales, without depending on capital from existing investors

Raveendran also addressed concerns from on changes in its business plans and optimisation of cost – both on people and business front – to withstand the current crisis.