Financial Crisis  

Byju's founder, Byju Raveendran, has been removed from the Forbes Billionaire list 2024. Just last year, his net worth amounted to around $2.1 billion, but now it has plunged to zero due to the company's financial crisis. 

Edtech Byju's is currently facing a financial crisis and has come down to a $200 million valuation from $22 billion in 2022. Reasons like mismanaged expansion and financial decisions have led to the downfall of the company. 

Urvashi Yadav had never thought of becoming a businesswoman. But her life took such strange turns against her will, that she needed to show her will to persevere. After her husband’s illness, there was a serious dearth of money which prompted her to sell Chhole Kulche on food carts. Initial days were full of struggles, but soon she started making Rs 3000 in a day. Today, Urvashi owns her own restaurant and earns in lakhs.

The Vice President of India, M Venkaiah Naidu expressed confidence that the Indian economy would rebound in the near future saying that the current slowdown was cyclical. Inaugurating the 102nd annual conference of the Indian Economic Association on December 27th, he said it was true that the Indian economy was facing some challenges due to the decline in growth this fiscal. However, he said the country had faced similar slumps in the past in the wake of the East Asian financial crisis and global slowdown but bounced back with a higher growth rate every time.

Hong Kong's financial secretary, Paul Chan, cut this year's official growth forecast to 0 to 1%, which could be the worst performance since 2009 during the global financial crisis. The previous forecast was 2% to 3%

The police arrived at the apartment when the security guard complained of a stench emanating from the house, where the four bodies were found in separate rooms. A suicide note was also recovered from the spot