Edtech firm Byju’s has started paying salaries after a two-month delay. The company is unable to use the funds from its recent rights issue due to a directive from the National Company Law Tribunal (NCLT). Byju’s has assured employees that salary disbursement has begun and will be completed within the next 10 days. The company has not yet received approval to access the rights issue funds. Byju’s is facing a financial crisis and is awaiting a decision from the NCLT. Byju’s-owned test prep firm Aakash has appointed a new CEO, Deepak Mehrotra. You Can Read Full News By Clicking On Below Link.
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In just 15 minutes, the Sensex fell by 800 points, causing investors to lose 5 lakh crore.
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