'Such steps would be a barrier and something people do not want.'
Manipal Group chairman Ranjan Pai is in early discussions to invest in Byju's-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju's founder and chief executive officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million (about Rs 650-740 crore). Raveendran may use the money to repay a large part of the Rs 800 crore loan that Byju's raised from US-based investment firm Davidson Kempner Capital Management in May, after facing a 'technical default', the sources said.
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'
Indian IT companies may become more competitive in the UK because EU players would not be able to come to the UK very easily as they would now need visa and work permits
The tax forces young startups to part with a portion of the capital they have raised from investors due to disagreements over the valuation of the company by Income Tax officials.
Half of the people earning between Rs 30 lakh and Rs 70 lakh will lose their jobs in next 10 years.
Ratan Tata invested about $299,000 during the first six months of 2016.
New listing on the BSE will create more jobs, say experts.
The Tata Sons controversy has raised governance concerns. Arun Duggal and Mohandas Pai on the role of independent directors in such conflict situations.
Most companies often subsidise the sale and the delivery, making losses on their books.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
Sayre Therapeutics aims for a spot among top 5 players in oncology.
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