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| Name | Byju's Under Siege: Challenges And Controversies For India's Ed-Tech Pioneer |
| Video Uploader | Video From Business Today |
| Upload Date | This Video Uploaded At 22-02-2024 15:15:02 |
| Video Discription | #Byjus #ByjuRaveendran #onlinelearningapp #extraordinarygeneralmeeting #markzuckerberg Byju Raveendran, the visionary behind India's renowned online learning giant Byju, finds himself thrust into the spotlight for reasons beyond innovation and success. Amidst allegations of potential foreign exchange violations amounting to over 9,600 crore rupees, Raveendran is now the subject of intense scrutiny and legal battles. As tensions escalate between the company and key investors, including General Atlantic and the Chan Zuckerberg Initiative, an extraordinary general meeting (EGM) looms large on the horizon. Scheduled amidst controversy, this pivotal meeting holds the potential for Raveendran's ouster, prompting intervention from the Karnataka High Court to temporarily safeguard his position. However, the Enforcement Directorate's issuance of a lookout circular against Raveendran further complicates matters, imposing travel restrictions and signaling the gravity of the allegations. At the heart of the controversy are allegations of foreign exchange violations, prompting a probe by the Enforcement Directorate and casting a shadow over Byju's once-impeccable reputation. While Byju contends that the allegations are merely technical, the outcome of the EGM and ongoing legal battles will shape the future of one of India's most prominent startups. With uncertainty looming over Byju's and its founder, the question arises: could this tumultuous period mark the beginning of the end for a titan of India's startup ecosystem? ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/ |
| Category | News & Politics |
| Tags | Business Today | business today live | Trending news | Viral news | Enforcement Directorate | Byjus | Byju Raveendran | look out circular | notice | foreign travel | India | business | company | foreign exchange management act | lookout circular | Think and Learn Pvt Ltd | Foreign Direct Investment | byju raveendran interview | byju raveendran qualification | where is byju raveendran now | byju raveendran byju's app | byjus co founder | business news | breaking news | byju's news | about byju raveendran |
