Shareholders, including prominent investors like Prosus NV, voted to remove Raveendran as CEO—a decision he legally contested. The Institute of Chartered Accountants of India found Byju's auditors guilty of gross negligence, recommending punitive measures.
These crises forced the company to scale down, laying off thousands of employees and shuttering multiple offices and tuition centers. BlackRock, one of its key investors, slashed the company's valuation from $22 billion in 2022 to a mere $1 billion, exposing the inflated metrics upon which its growth was predicated.
Denne historien er fra December 28, 2024-utgaven av Financial Express Lucknow.
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Denne historien er fra December 28, 2024-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Putin Apologizes for 'Tragic' Azerbaijani Airplane Crash
But stops short of admitting airliner was shot down
Hallucinatory AI May Not Necessarily Be a Bad Thing
The smart machines, it turns out, are dreaming up riots of unrealities that help scientists track cancer, design drugs, and even win the Nobel Prize
Genome reveals how a small group burst out of Africa
DNA from European fossils dating back 45,000 years offers new clues to how our species spread across the world
What does the future hold for out-of-form India captain Rohit Sharma?
Steve Smith was said to be a shadow of his best self before he scored a long overdue hundred against India in the Brisbane Test.
Defiant push to change Constitution
Support of two-thirds of the members present and voting required to pass a Constitution Amendment Bill. The Opposition needs only 182 votes in the Lok Sabha to defeat the Bill. The I.N.D.I.A. bloc has 234 seats.
Individualised AI Tools
According to the Info-Tech Research Group report, more and more organisations will also be pursuing building their own AI tools.
Biotech Advancements
Recent breakthroughs in the field of biotechnology are expected to provide solutions for dominant problems in 2025.
Adani Green Forms New Subsidiary for Renewables
ADANI GREEN ENERGY on Saturday incorporated a new wholly owned subsidiary, Adani Green Energy Sixty Eight Limited.
Scindia Meets FM to Discuss India Post's Profitability Path
COMMUNICATIONS MINISTER JYOTIRADITYA Scindia has met finance minister Nirmala Sitharaman to discuss India Post's path to profitability, an official release said on Saturday.
Tax Officials Initiate Inspection of M&M Records in Chennai
MAHINDRA & MAHINDRA on Saturday said state tax authorities in Tamil Nadu initiated an inspection of records at one of the places of its business operations in Chennai.
