Raghavendra and Velmurugan focused their questionnaire survey on currency hedging practice of 100 IT companies in India. The results show that larger companies are more vulnerable to the influence of the 3-4 currencies (US dollar, euro, pound and yen), because their income is mainly controlled by overseas businesses of different currencies in different parts of the world. The results show that the foreign exchange risk is the most important financial risk for IT enterprises, and the forward contract is the best contract to reduce the risk of the India IT enterprises. The study shows that the 6-12 - month contract is the average time span of the use of monetary hedge tools by India IT companies. The survey also found that the overall attitude of the India IT companies in the implementation of the currency hedging is fairly risk averse (2014, p.592).
Although developing nations have opened their economies to international corporations, these companies still find it hard to access reliable information about customers, especially low-income earners (Khanna and Krishna 67). Multinational firms risk starting subsidiaries in developing countries due to the absence of useful data about consumer trends. The lack of sophisticated market research firms and advertising agencies in developing countries make it impossible for multinational corporations to find databases with consumption patterns, which would allow them to formulate favorable marketing
Ultimatix Ultimatix is part of TCS (Tata Consultancy Services). This company is great in IT services, digital and business solutions that partners with its clients to simplify, strengthen and transform their businesses. Basically Ultimax is an ERP Portal of this company which is especially for the TCS employees only. About Tata Company The Tata Group is a multinational Indian origin, founded in 1868, which has a presence in more than countries. This company participates in market sectors such as metallurgy, services, consumer goods, chemicals, technology, among others.
Tata Consultancy Services (TCS) is an Information Technology (IT) services, consulting, business solutions and outsourcing organization. TCS is a part of Tata Group, one of the largest pioneers of business in India. TCS is the largest Indian company by market capitalization. TCS is now placed among the ‘Big 4’ most valuable IT services brands worldwide. It is largest IT employer in India.
The industry was relatively more important in India than in the USA and attracted the best resources in India. In the USA, scarce resources were moving to higher value-added industries where they commanded higher returns. It opened up opportunities for the Indian software industry. In India, As of highly paid job generator, the IT industry attracted the best resources within the nation. This was a case where the USA had a strong diamond in this industry but where Indian had a comparative advantage.
Indian IT companies work on the hybrid model of outsourcing 30% of work and rest 70% is done by Indian in-house units. This dependency on the foreign markets, change in the regime in the US modified VISA norms and mandate local hiring are causing little hiccups. Way forward: 1. Change in the Business model Indian IT companies are mostly seen as low-end, low-cost service providers to other companies and businesses. With the advancements of Artificial Intelligence in IT industry, this can be changed by venturing into new business and by expanding our portfolio to create products and technologies by emerging as product based technological companies.
Passion for excellence: The indian web development companies are quite passionate for providing outstanding work to their clients abroad.The passion to achieve something, the diligence they work with sets the indian web development companies apart from all the web development companies.They just work hard and smart to produce awesome results. Openness & Honesty: The indian web development companies are quite honest and open with their clients regarding the progress of the project and also with the difficulties which may arise during the development process. These things help the web development companies to retain their professional relationship and also take it to the next level. Non Disclosure Agreement(NDA): The indian web development companies make sure that they sign an NDA with their clients.Thus by signing it with their clients, they keep their information confidential. Timely project
It is an endemic feature of Indian administration and Commercial life. In 2008 a study was conducted by Transparency International which reported that about 40% of Indians had firsthand experience of paying bribes or using a contact to get a job done in public office. This is possible because of 3 main reasons that lacks in Indian Institution. Firstly, is the lack of transparency and accessibility of information. People are not aware of many things which they should know and is there right.
This changed mindset has significant ramifications for Indian companies that have global aspirations. No Indian company that hopes to globalize in any manner can afford to ignore these changes sweeping the global business arena on the ethics front. Globalizing Indian companies essentially have two options. One is to sit back and wait for the tightening of regulatory and societal screws on them, forcing them into ethical behavior in a reactive mode. The other approach is for them to proactively herald the new era of business ethics by becoming torch bearers of the new order of things.
Giving to the Transparency International (2010), India is a ranked 87 of 178 countries on corruption and India gets 3.3 points, which epitomize the most corrupt nation. So, as the Titan functions business in India, it must have a good association with governmental parties because it may help Titan to diminish the risk on commerce. Economic: India has converted into a crowded nation and it is one of the fast developing and dominant economic in the world. Based on the Times of India (2010), in 2008 the India per capital income is Rs.40,141 and in 2009 it raises 10.5% to Rs.44,345. Growing the income as well as by growing the buying power in India.