Marquee investors have reportedly been pushing the CEO of the edtech company Byju Raveendran, to relinquish his founder control including his say over secondary transactions by investors. He seems to have withstood such pressures, for now.
Three separate audits of CATS completed in the last year identify more than 30 shortcomings the organization is now scrambling to fix, impacting taxpayers and the people who rely on bus and light rail service.
India with its waves of engineering and accountancy graduates each year may be able to provide these services to ageing US and European countries for the foreseeable future.