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Byju Raveendran: Byju's, Davidson Kempner in talks to settle dispute

Byjus and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan covenant linked to the Indian edtech companys test preparation subsidiary, Aakash Institute.

Troubled-byju , Byju-raveendran , Byjus , Aakash , Byjus-loan , Davidson-kempner-capital , Aakash-institute , Think-amp-learn-pvt-ltd ,

davidson kempner: Davidson Kempner begins rejig of Aakash board

The hedge fund is inducting at least four new independent and nominee directors in the test-prep subsidiary of Byjus parent Think & Learn, said people in the know.

Reuters , Davidson-kempner , Aakash , Byjus , Prosus , Aakash-educational-services-ltd ,

Byjus crisis: Troubled Byju's misses target to amend $1.2 billion loan terms

Beleaguered ed-tech firm Byjus missed yet another target date set by its creditors to amend terms of a $1.2 billion debt, adding fresh challenges to the Indian borrowers efforts to resolve disputes around the loan.

India , Byjus-ettech , Bloomberg , Byjus-crisis , Byju , Billion-loan-term , Aakash , Byju-term-loan ,

Tata Cliq continues to bleed; Ola's valuation trimmed to $3.5 billion

Smoke is billowing as the Tata Group continues to burn cash on its first ecommerce platform — Tata Cliq. Tata UniStore Ltd, which owns and runs Tata Cliq, saw its net losses rise in double digits and turnover drop more than 50% in fiscal 2022-23. The exit from certain categories of electronics is the reason behind the drop in revenues, per the companys filings. But how about the rise in losses? This and much more in todays ETtech Morning Dispatch.

Ankura , Ankara , Turkey , India , David-kempner , Mohit-yadav , Tata-cliq , Bhavish-aggarwal , Arpit-agarwal , Amit-jaju , Gopal-asthana , Pankaj-chaudhary

byju s: Byju's sends legal notice to Aakash founders demanding share transfer

Education technology startup Think and Learn Pvt Ltd, which operates under Byju's brand name, has sent a legal notice to founders of Aakash Educational Services following their alleged resistance to complete a share swap that was unconditionally agreed as part of the sale of Aakash Educational Services Ltd (AESL), sources said.

Ettech-byju-raveendran , Byju-raveendran , Learn-pvt-ltd , National-company-law-tribunal , Aakash-educational-services-ltd , Aakash-educational-services , Byju-s , Byjus , Aakash , Byjus-legal-notice , Think-and-learn-pvt-ltd ,

davidson kempner: Davidson Kempner sends legal notice to Aakash for loan covenant breach

In the legal notice which was sent to the company last week, Davidson Kempner said it reserves the right to invoke Aakashs pledged shares which were offered as collateral and potentially take control of the company.

Byju-ettech , Davidson-kempner , Aakash , Byjus , Blackstone , Edtech ,

Byju's: Byju's shutters offices across NCR, Bengaluru

The move comes as the edtech company has already let go of thousands of employees this year, while grappling with multiple legal and financial woes.

Bengaluru , Karnataka , India , Kalyani , Tuition-centres , Kalyani-tech-park , Prestige-tech-park , Byju-s , Edtech-company , Aakash ,

byjus: Becoming, being and recovering Byju's: the possible roads ahead

ET Prime assesses Byjus growth prospects, financials, and the organisational restructuring that it must undertake to improve its probability of success at a time when the cost of capital is going up. Also, as investors are beginning to re-assess opportunities in a world that is not necessarily going to become completely digital.

Byjus , White-hat-jr , Byju-raveendran , Aakash , Ed-tech ,

BYJU'S seeks investors to acquire stake in Aakash: Report

BYJU'S holding company, Think & Learn Pvt Ltd, is considering reducing its stake in Aakash by up to 20% out of its current 70% stake, said a report.

Bengaluru , Karnataka , India , Learn-pvt-ltd , Deloitte , Aakash-education-services , Aakash , Yju-raveendran , Yju-x27-s , Ust-in ,

Teacher, Principal Arrested For Abetting Suicide Of Student | Surat News

Surat: Police arrested a teacher and the principal of a nursing college in Palsana in Surat district on Monday for allegedly abetting the suicide of a.

Surat , Gujarat , India , Palsana , Aakash-patel , Heena-baria , Shrimati-rm-bhadarka-nursing-college , Lajpore-central-jail , Shrimati-rm-bhadarka-nursing , Sonal-chaudhary , Surat-news , Urat-latest-news