Happiest Minds taps the public markets this week,
Dear Balbir Singh,
A few years ago, a serial entrepreneur met Ashok Soota at a club in Bengaluru. Upon hearing that Soota, the founder of Happiest Minds Technologies, was there for a swim, the serial entrepreneur remarked that the weather was a tad cold for a splash. Get into the pool and all will be fine, Soota is said to have replied. That is the spirit that has driven this 77-year-old entrepreneur. As Happiest Minds taps the public markets this week, ET Prime chronicles his journey.
TECH
Ashok Soota: a zesty entrepreneur at 77
Ashok Soota helped nurture Wipro in its early days, and went on to launch Mindtree, which he took public in 2007. Happiest Minds is Soota’s second venture going public — a feat that is as rare as it is awe inspiring. But can the benchmark of astute leadership he has set become too tough to match when he is no longer around?
MARKETS
Indiabulls-Embassy merger: a crown of thorns
With the merger of the Indiabulls Real Estate and the Embassy Group, the real-estate market will have a new leader soon. But the deal comes with its fair share of challenges, the reason why the Indiabulls stock has underperformed the broader market this year.
TECH
Oppo boosts production to fill Huawei void
Smartphone company Oppo has asked its contract manufacturers to make 110 million units in the second half of this year. Combined with the 60 million units it ordered in the first half, its figure for 2020 stands at a record 170 million. But Oppo’s move comes in the face of the global smartphone market shrinking in recent years.
Regards,
ET Prime Team