The prominent ed-tech company Byju’s faces serious charges of violating the Foreign Exchange Management Act (FEMA). The Enforcement Directorate (ED) has accused Byju’s of a massive FEMA violation, amounting to Rs 9,362.35 crore. This is a huge sum and points to potential irregularities in how the company managed its foreign funds. The ED, which oversees ...

Ajay Goel, who was handling money matters as the CFO at Byju’s, has decided to leave. He had joined just six months ago and now he’s going back to his old company, Vedanta.  This happened in the middle of sorting out some major money issues, and they have not yet shared their financial results for ...