1.2BILLION

Edtech major Byju’s has offered to increase the rate of interest on its $1.2 billion term loan B (TLB) as part of renegotiating debt-financing arrangements, said several people with knowledge of the matter. This has been prompted by the…

Troubled edtech giant Byju’s has sought more time from its creditors to renegotiate an agreement pertaining to a $1.2-billion loan that is in breach of covenants, news agency Bloomberg has reported, citing sources familiar with the matter.…

A group of creditors to Byju’s, India’s most valuable startup, has asked the company to immediately repay part of a $1.2 billion loan they recently bought into as they renegotiate terms of the debt, according to people familiar with the…

Pfizer is being investigated in Italy over claims it funneled more than a billion dollars in profit out of the country to skirt taxes.Italy's finance police believe the firm's local branch near Rome sent $1.2bn in excess income overseas,…