In a candid conversation with ANI in May this year, Raveendran acknowledged that strategic missteps, hasty global expansion, and unexpected macroeconomic shocks contributed to BYJU’S unravelling over the past few years. Raveendran traced the crisis to the company’s aggressive push into 21 countries during the pandemic-era boom from 2019 to 2021, fuelled by capital and investor pressure to grow. “Every investor — we have 160 world-class equity investors — the mandate was: grow, grow, change the way kids learned,” he said. “We were raising money for growth… [but] when the world changed — interest rates went up, the Russia-Ukraine war started — liquidity dried up, $700 million of signed, committed capital didn’t…

The potential £360m savings are allowed to be spread over 10 years, creating an annual net gain of £36m a year.

However, this is heavily offset by the need to start repaying debts now estimated to start costing £40m a year.

When added to the new interest payments of £7m a year, it leaves the council having to find £11m a year in cuts or savings.

Earlier this year it said there would need to be £8.6m in savings by 2028/29.

Council leader Joanne Sexton said the administration was “taking decisive action”.

“These are tough but necessary steps to protect local services and secure the borough’s long-term future,” she said.

The plans will go before full council on Monday.

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NZ Student Debt Relief Measures – New Zealand has announced major relief measures for students struggling with education debt, starting from 20 November 2025. This new policy aims to ease financial pressure on graduates by introducing flexible repayment options, reduced interest rates, and in some cases, partial debt forgiveness. The initiative is designed to support young New Zealanders who are entering the workforce amid rising living costs. It represents a significant step by the government toward improving finan cial stability for students and ensuring fairer access to higher education across the country.

New Zealand Student Loan Repayment Relief 2025

The New Zealand…

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