The world’s 13th largest economy is the ideal investment destination for Indian organisations seeking international expansion to secure access to natural resources – minerals and energy – and create assets, technologies and brands, claims the country’s trade and investment commission. An economy with 26 years of consecutive growth integrated with Asia, Europe and North America; globally competitive industries; a smart, skilled workforce makes Australia an compelling investment destination. Australia - High-quality products and services to the world Australia is: a [...]
Automation in the global IT industry threatens to disrupt the sector in -India but it may be a blessing in heavy disguise. For the stagnant industry, robots may pave the way for the next round of growth. On March 19, news reports suggested Cognizant, the New-Jersey headquartered software services firm may fire between 6,000-10,000 workers in its bid to reduce redundant and non-performing workers. As the news spread and doomsday predictions started ringing, the firm’s spokesperson sought to cool frayed [...]
The northern part of the United Kingdom is making a strong case for Indian businesses to choose Scotland as a base for their UK expansion plans. Scotland’s people are famous for the warmth of their welcome. Home to just over five million people, it is estimated that for every person living in Scotland, another five people living across the world have Scottish ancestry. With such close and extensive connections to every corner of the world, it is no wonder that [...]
Bright sunny days over, Indian IT industry braces for big churn
With revenues of $ 160 billion employing a workforce of nearly 4 million, the Indian information and technology (IT) sector is without exception the first industry that showcased India’s prowess at low cost problem solving to the wide world. Kick-started largely thanks to the Y2K scare that gripped the world in late 1990’s, India firmly established itself at the forefront of outsourcing game.
India’s bilateral trade with Cambodia, Laos, Myanmar and Vietnam has grown exponentially from $460 million in 2000 to almost $12 billion in 2014. Till recently, they were considered the poor cousins of ASEAN’s more prosperous members, but the four countries – Cambodia, Laos, Myanmar and Vietnam – known by the acronym CLMV have emerged as the new cynosure of investors’ eyes –both for their economic potential as well as for their strategic value. Recognising these advantages, Prime Minister Narendra Modi [...]
The Tata Group is India’s most successful global firm but its geographical spread may not always be a good thing.
The Tata Group is a much respected, admired and valued conglomerate in India and one that is also highly successful. Very often the two do not go hand in hand. It is also perceived as a very ethical corporate group, having played a significant role in nation building since its inception in 1868 – creating country’s first steel plant, power station, luxury hotel, domestic airline and information and technology company.
Amit Bajaj is Chief Executive – Europe for Tata Consultancy Services, one of India’s leading software services firms. In this ‘India Global Business’ exclusive, he traces the Mumbai-headquartered IT giant’s 40-year footprint across Europe, what the region has to offer the Indian IT sector and the inevitable impact of Brexit. How important is Europe to TCS? We have been present in Europe for last 40 years and expanded our operations to over 21 countries. We work with 350 clients, including [...]
Indian IT companies help US companies retain their global competitive edge. This is just one reason why it must roll back visa curbs on Indian IT professionals, argues ‘India Global Business’.
The trickle of bad news buffeting the Indian IT sector is slowly gaining critical mass. Infosys, Wipro and Cognizant, three leading software exporters, have cut their annual revenue guidance to 8.4 per cent from 12 per cent, citing macro-economic factors such as falling ticket sizes of deals, Brexit and a frustrating inability to scale up the skill sets of their workforce.
Tata Group firm TCS is the perfect place to start the ‘Global View’ series of ‘India Global Business’, which goes in-depth into what makes Indian firms seek markets overseas and what are some of the ingredients that create truly global brands. Mumbai-headquartered Tata Consultancy Services (TCS) prides itself as one of the world’s largest services firms, with revenues of $15.5 billion and a brand value estimated around $9 billion. The firm’s European arm has bagged over 30 awards for excellence [...]