Business, socio- economic and cultural environments of India Introduction India has emerged as a potential and a diversified market for the Western firms and other foreign investors. Earlier establishing a business in India was a challenging assignment, but economic reforms, brought in by different Indian governments over a period of time, have smoothen the course of entry for Western multinationals and other business magnets. Still it is considered difficult and a different proposal to do business
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BRIC – Brazil, Russia, India and China – as the world’s fastest developed economies that can be considered as the most promising emerging markets in the world. Latter the BRICs become BRICS with South Africa joining the group, together the five BRICS countries had represented approximately 3 billion people and a combined nominal GDP being US$ 14.8 trillion and US$ 4 trillion in combined foreign reserves (IMF 2013). However, within the five BRICS countries, China and India very similar and the only
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Year Uniform Previous Year Previous year in case of newly set up business/profession Income of previous year not taxable in assessment year Income of nonresidents from shipping Income of persons leaving India permanently or for a long period of time. Income of bodies formed for short duration Income of persons trying to alienate his assets with a view to avoiding payment of tax. Income of discontinued business. Person [Sec 2(31)] Individual Hindu undivided Family A company
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Introduction:- INTERNATIONAL BUSINESS includes all those business transactions or exchange of products and services (these exchange can be through import or export) between two or more countries out of national boundaries . These transactions includes sales, Investment and Transportation . Manufacturing & Trade outside the boundaries of one’s own country is known as International Business . In International business performance of trade & Investment activities by firm across national boundaries
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IIBM Institute of Business Management Distance Learning Approval, Accreditation, Membership MBA IIBM | From the Director's Desk Dear Students, Gone are the days when open distance learning (ODL) courses by institutes merely offered a correspondence course for a Bachelor's or a Master's degree. This concept has indeed come of age and is nearing its demise with its pair of foot all set for the liberated celestial journey with no possible signs of reincarnation. In this knowledge and information
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Marketing Specialization Sector Specific Foreign Direct Investment in India 1. Hotel & Tourism: FDI in Hotel & Tourism sector in India: 100% FDI is permissible in the sector on the automatic route. 2. Private Sector Banking: * Non-Banking Financial Companies (NBFC): 49% FDI is allowed from all sources on the automatic route subject to
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I. Factor Conditions A country creates its own important factors such as skilled resources and technological base. The stock of factors at a given time is less important than the extent that they are upgraded and deployed. Local disadvantages in factors of production force innovation. Adverse conditions such as labor shortages or scarce raw materials force firms to develop new methods, and this innovation often leads to a national comparative advantage. II. Demand Conditions When the market
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Introduction In the United States today many business leaders work to prevent their organization from becoming organized by labor unions. In light of the weakened economy, the effectiveness of labor unions has come into question and is at the forefront of many news stories. Collective bargaining is a responsibility of the labor unions in which the writer of this post is the most familiar. This topic was chosen as a result of academic curiosity and an interest in developing a better understanding
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Introduction This case is an example of cultural differences and ethics in business. Olivia Jones, a buyer for a British clothing retailer, went on a buying trip to India for woven materials for the next season’s clothing line. Throughout her four day trip she was treated very well and shown many of the niceties of the Indian culture. It was on her last day that the tone of the trip changed for Olivia. Even though she knew it would her request would not be immediately considered by her hosts
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Cultural Impact on Business: A Case Study on Coca Cola’s Cultural Issues in India admin August 20, 2012 Blog No comments Socio Cultural barriers faced by coca cola in India Coca – cola, the world’s largest selling soft drink company had established its strong presence in the world since 1886. Coca-Cola is the first international soft drink brand to enter the Indian market in the early 1970’s. Till 1977 Coca-Cola was the leading brand in India; later, due to FERA (Foreign Exchange Regulation Act)
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