1.2B

Byju’s woes seem to have no end. The company has suffered a series of setbacks over the last year, including ED raids and valuation markdowns. Now, lenders have halted talks with the edtech major to restructure a $1.2 billion loan. This and…

A visitor to the 21st China Beijing International High-tech Expo looks at a computer chip through the microscope displayed by the state-controlled Tsinghua Unigroup…

Byju’s lenders have sought up to $200 million (about Rs 1,600 crore) in prepayment along with a higher rate of interest from the Bengaluru-headquartered company as a precondition to restructure its $1.2 billion (Rs 9,600 crore) term loan B…

Happy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in November 2021, per sources in the know. This and more in today’s ETtech Morning Dispatch. Also in this…

TD Bank Group says it will pay $1.205 billion US to settle a lawsuit in connection with a multi-year Ponzi scheme operated by the Stanford Financial Group.Under the terms of the agreement, TD has settled with the receiver, the official…

Edtech giant Byju’s, India’s highest-valued startup, has been looking to restructure a $1.2 billion loan as it struggles with huge losses and steep cost-cutting targets. Now, Bloomberg reports some of the company’s creditors want it to…

Advocacy groups working to end extreme poverty say they hope Canada will use an upcoming international AIDS conference in Montreal to commit new funding for a global organization that fights AIDS, tuberculosis and malaria. But the…