/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The mostly bootstrapped startup based in Udupi quietly ignored the IT services playbook and managed to get a perfect exit for the founder and investors
Rohith Bhat moved back to India in 1996, a few years after liberalization, or the opening up of the economy that marked a radical turning point for the country. Bhat had been working at a software company in Japan called Recosoft for about three years at that point. Spotting an opportunity in building software for Apple’s Mac platform, he decided to start his own business, called Robosoft, back in his home town of Udupi, Karnataka.
A couple of weeks ago, Robosoft Technologies announced that it was being acquired by a Japanese conglomerate—TechnoPro Holdings—for Rs 805 crore, or around $108 million. …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
Stagnant wages and job growth are straining the economy. The government’s hyped tax breaks can do little to fix what is fundamentally wrong with demand.
The country’s largest private sector bank has received brickbats from consumers and the regulator for its clunky and outdated systems. It seems to have learnt a lesson.
