Byju's vacates four lakh sq ft office space in Bengaluru to cut costs
Tue, Feb 20, 2024 9:46 AM

Byju's vacates four lakh sq ft office space in Bengaluru to cut costs

A Flip by Avya Verma
Get it on Google Play
Financially troubled Byju's has downsized its office space in Bengaluru, vacating a 400,000 sq ft property at Prestige Tech Park, as part of its ongoing cost-cutting efforts. "The rental was terminated earlier this year, and the deposit was adjusted against the rent defaults. The firm also has ongoing disputes with its other landlords," said two people aware of the development.

More great flips

TCS headcount shrinks by 5,370 in Q3, reversing two quarters of growth

TCS headcount shrinks by 5,370 in Q3, reversing two quarters of growth

Tata Consultancy Services (TCS) reported a net decline of 5,370 employees in its workforce during the fiscal third quarter, a reversal after two consecutive quarters of growth, with the company now employing 6,07,354 people, the company said on January 9 as it shared the numbers for the third quarter of FY25, despite promoting over 25,000 associates and investing in upskilling.

Open Flip
TCS acquires two Tata Realty & Infrastructure subsidiaries for ₹1,625 crore

TCS acquires two Tata Realty & Infrastructure subsidiaries for ₹1,625 crore

Tata Consultancy Services (TCS) has agreed to acquire two wholly owned subsidiaries of Tata Realty and Infrastructure Limited—TRIL Bengaluru Real Estate Five Limited and TRIL Bengaluru Real Estate Six Limited—for ₹1,625 crore. The acquisition, comprising optionally redeemable convertible debentures and 100% equity shares, will aid TCS's delivery centre expansion.

Open Flip
TCS Dividend: Tata Group giant announces mega ₹76 payout for shareholders

TCS Dividend: Tata Group giant announces mega ₹76 payout for shareholders

TCS declares third interim dividend of ₹10 and special dividend of ₹66 for FY25, with a record date of January 17 and payment on February 3, 2025, bringing the total dividend to ₹20 per share so far. TCS shares will trade ex-dividend before the record date, and the company reported revenue of ₹63,973 crore, a 0.4% decline, in its Q3 results.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon