Page 26 - Byju's
Byju's ropes in Messi as global brand ambassador for social initiative EFA
Edtech major BYJU's has roped in football star Lionel "Leo" Messi as the first global brand ambassador of its social impact arm Education For All, the company said on Friday. Messi, who plays for Paris Saint-Germain and captains the Argentinian football team, has signed an agreement with BYJU'S to promote the cause of equitable education, BYJU'S said in a statement. "We are honoured and excited to collaborate with Lionel Messi as our global ambassador. He rose from the grassroots to become one of the most successful sports persons ever. That is the kind of opportunity that BYJU'S Education For All (EFA) wants to create for the nearly 5.5 million children it currently empowers. No one represents the power of enhancing human potential more than Lionel Messi," BYJU'S co-founder Divya Gokulnath said. The engagement of BYJU's with Messi will enhance visibility of the edtech firm overseas as football has roughly 3.5 billion fans worldwide, and Lionel Messi has a social media following of
 "Byju's ropes in Messi as global brand ambassador for social initiative EFA")
Top headlines: Consumer protection rules, Infosys may overtake Cognizant
Business Standard brings you the top headlines at this hour
 "Top headlines: Consumer protection rules, Infosys may overtake Cognizant")
Byju's Aakash Educational Services IPO valuation likely to hit $4 billion
May pick the lead bank in 2 weeks and DRHP expected in Jan-Feb
 "Byju's Aakash Educational Services IPO valuation likely to hit $4 billion")
Byju's decides not to shut its Kerala centre after founder meets CM
Byju Raveendran reiterates his commitment to the state, says company spokesperson
 "Byju's decides not to shut its Kerala centre after founder meets CM")
Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran
"I want to emphasise that the overall job cuts are not more than five per cent of our total strength," he said
 "Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran")
Truly sorry to those who'll have to leave Byju's, says Raveendran to staff
The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees
 "Truly sorry to those who'll have to leave Byju's, says Raveendran to staff")
Top headlines: Morbi death toll at 132; India Inc eyes Dubai for investment
Prime Minister Narendra Modi on Sunday said he could foresee that India would soon be manufacturing big passenger aircraft that would proudly bear the words 'Made in India'.
 "Top headlines: Morbi death toll at 132; India Inc eyes Dubai for investment")
No plans to exit Kerala, will hire around 600 people, says Byju's
The total number of Byju's centres across the state will be 14, while no. of employees will increase from 3,000 to 3,600
Employees not forced to resign, it's part of 5% workforce reduction: BYJU's
Earlier this month, BYJU's had announced to reduce 5 per cent of its 50,000-strong workforce (about 2,500 people), which will be "rationalised across product, content, media
 "Employees not forced to resign, it's part of 5% workforce reduction: BYJU's")
Byju's laying off workers in Bengaluru HQ, says K'taka IT workers' union
Bengaluru-based Edtech giant Byju's, after making news for massive layoffs in Kerala's Thiruvananthapuram, is now facing similar allegations in this city of Karnataka
Kerala govt to meet Byju's executives on Nov 2 as 170 staff asked to resign
A meeting was called by the officials of the labour department on October 25, but the company did not appear for meeting
Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'
The loan was granted at an interest rate of 7.5 per cent per annum, according to the filing
Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%
Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million
Kerala government orders probe as Byju's shuts down Trivandrum office
A Byju's official said that the company is aiming to cut costs and "restructure" for profitable growth
Byju's employees meet Kerala minister after 170 staff are 'asked to resign'
Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its latest financial report
Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds
The funds are being raised at a time when the company said it is in the sweet spot of its growth story and the capital its invests in its business now will result in profitable growth
The great Indian unicorn conundrum: High valuations and higher losses
Companies get investors' financing though many of them not on path to profitability
 "The great Indian unicorn conundrum: High valuations and higher losses")
Byju's raises $250 mn from existing investors, valuation remains at $22 bn
Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability
Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss
Business Standard brings you top news of the evening
Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances
Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech