Here are the top business headlines this morning, to get your day started
More trouble at Byju’s, with reports of directors, auditor quitting The troubles at edtech giant Byju’s just seem to continue. In recent days the startup has been to court, battling lenders over term-loan repayments, it has fired more employees, and minority shareholder BlackRock has cut its valuation of Byju’s. Now, in the latest development, there are media reports of three board members—GV Ravishankar, managing director at Peak XV Partners (earlier Sequoia India), Russell Andrew Dreisenstock of Prosus group, and Chan Zuckerberg's Vivian Wu—stepping down. Byju’s auditor Deloitte has also resigned from its function. Byju’s has dismissed these reports as ‘entirely speculative’.
(Economic Times, Times of India, Mint, Business Today, CNBC-TV18)
(The Print, Al Jazeera, Economic Times, Times of India, CNBC-TV18, Zee Business)
(Bloomberg, Financial Express)
(Business Standard)
(Economic Times)