Redwood

NEW DELHI: Once a celebrated startup, Byju's is sinking deep into trouble. Amid its ongoing tussle with lenders, its auditor, Deloitte, on Thursday said it has resigned. Separately, three nominees of investors have also stepped down as…

As the battle between embattled edtech venture Byju’s and lenders over its $1.2 billion term loan B (TLB) intensifies, the creditors are clear that they want the company to send the draft loan amendment proposal, even as the scheduled call…

A group of lenders, who claim to collectively own more than 85% of a $1.2 billion term loan taken by Byju’s, has termed the suit filed by the edtech company against their demand for an “accelerated” repayment “meritless”.The group,…

Edtech major Byju’s has reportedly sued its lender Redwood, an American investment management company and its related entities in the New York Supreme Courtfor accelerating the repayment of a $1.2 billion Term Loan B (TLB). According to a…

NEW DELHI: In a fresh turn of events, Byju's on Tuesday said that it has filed a suit in the New York Supreme Court to challenge acceleration of the $1.2 billion term loan B (TLB) and to disqualify lender Redwoodwho the firm alleged,…

Troubled edtech company Byju’s has sued lender Redwood and its related entities in the New York Supreme Court for accelerating a $1.2 billion Term loan (TLB), calling their demands “high-handed”.Byju’s also skipped its quarterly interest…

Byju's filed a suit against investment management firm Redwood to challenge the acceleration of a $1.2 billion term loanB facility and disqualify the lender for its "predatory tactics," the company said on Tuesday.Byju's, which filed the…

Rad Power Bikes is partnering with Redwood Materials, a battery company founded by a former Tesla executive, to recycle e-bike batteries when they reach the end of their lifespan. Customers will be able to bring in their depleted batteries…

Redwood Materials said on Thursday it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department to help build out a $3.5-billion recycling and re-manufacturing complex in Nevada for electric vehicle…

JB Straubel sits down with CNBC's Phil LeBeau at Redwood Materials.Panasonic Energy of North America, the largest supplier of battery cells for electric vehicles in the U.S., has struck a deal with Nevada-based battery recycling company…