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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
On Wednesday morning, several news agencies cited MCA probe findings to say that Byju’s had been cleared of committing fraud. Come evening, and the narrative had changed completely.
If there’s one thing to be learnt from what unfolded on Wednesday, it is that no news about Byju’s should ever be taken at face value.
In the morning, news agency Bloomberg’s report, titled “India Probe Finds Byju’s Didn’t Commit Fraud But Had Compliance Lapses”, said that the edtech company, once the country’s most valued startup at over $22 billion, was almost given a clean chit by the Ministry of Corporate Affairs (MCA). The report said, citing sources, that while Byju’s may have been guilty of corporate governance issues, it did not commit any fraud.
“The year-long probe by the …
Amid creditors’ allegations that the missing $533 million from a term loan is being quietly used to settle cases in India, Delaware bankruptcy court grants them unrestricted use of confidential documents to pursue the matter.
At the ASU+GSV & Emeritus summit in Gurugram, even as experts rallied behind AI, everyone seems to have forgotten the significant failures in the last five years.
As the beleaguered edtech company fights bankruptcy, a deeper look at how reports by leading consulting firms—meant to serve as independent assessment—instead became a tool to drive up valuations and shield companies from criticism.
