The Manipal Group has submitted an expression of interest (EOI) to acquire embattled edtech firm Byju’s under the ongoing insolvency proceedings, sources told NDTV Profit. The group is reportedly aiming for a complete takeover of the company. Meanwhile, other potential bidders are still weighing their options ahead of the November 13 deadline for EOI submissions. The resolution professional may consider extending the deadline if required, sources added.
Turmoil for Byju’s began when tech investor Prosus in June 2023 cut Byju’s valuation by 75%, leading to layoffs and allegations of financial mismanagement.
The huge blow came after the company reached a valuation of $22 billion in 2022 as its popularity rose by offering online and…
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
VAS Infrastructure’s NCLT Hearing for Resolution Plan Scheduled for November 20, 2025 scanx.trade
Read the original article here
ED–IBBI Coordination Clears Path for Restitution of PMLA-Attached Assets in IBC Cases Moneylife
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
A new report shows the number of Pitt employees who are using the Savi program to help take control of their student loan debt.
The Savi benefit provides public service and nonprofit workers a digital process to simplify the student debt management experience and help them determine qualification for student loan forgiveness, identify potential savings, navigate through enrollment, maintain eligibility, and provide a clear path to applying for full forgiveness.
-
More than 3,080 Pitt employees are estimated to have student loans. Since the University started offering the Savi benefit in 2022, there have been 3,008 enrollments in the Essential plan.
-
With a combined student loan debt amount of more than $113 million,…
Read the original article here
REVEALED: Latest business liquidations in Mildura Herald Sun
Read the original article here
Derrimut 24:7 founder Nick Solomos has placed the largest company in his gym network into voluntary administration, days after a proposed rescue deal with billionaire businessman Adrian Portelli collapsed.
According to The Age, staff were notified on Thursday via an internal message, which emphasised that gyms would continue operating as normal despite the business facing debts believed to total almost $30 million.
“This decision was not made lightly, but it represents a proactive step to give us the best possible opportunity to restructure, protect jobs, and position the business for a stronger future,” Solomos said.
He assured employees that wages would continue to be paid and that members would retain access…
Read the original article here
[SINGAPORE] The sudden closure of Twelve Cupcakes last week once again shone the spotlight on axed workers left in the lurch, unsure if they will receive owed salaries and Central Provident Fund (CPF) contributions.
The closure affecting the bakery chain’s 80 staff is only the tip of the iceberg. From Jan 1 to Oct 23, 2,431 F&B businesses have gone bust, Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong said in Parliament on Wednesday.
According to MTI, four in five of those in business for up to five years had never made a profit.
What doesn’t help is how several F&B establishments did not have orderly winding up procedures or proper compensation packages. This left many of their staff in financial crisis,…
Read the original article here
Sri Lanka risks losing USD 70 million debt relief– Verité Research Daily Mirror – Sri Lanka
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
The Electric City Food Co-op, a decade-long initiative to establish a community-owned grocery store in downtown Schenectady, is nearing its goal of opening by mid-spring to early summer 2026. The co-op, which began its journey in 2013, is seeking additional financial support to meet its $1.35 million target to open debt-free. “If we’re successful in this, in addition to all the money that we’ve gotten from the city, the county, the $2.1 million that we’ve gotten from the Ag and Mark branch, this will bridge the gap to get us to construction,” said Adine Viscusi, a board member of the co-op. The store plans to renovate and move into the Wedgeway Building, aiming to provide fresh food access to downtown residents, particularly in the…


