> I mean both western companies and local companies like Reliance/Infosys...
Just adding another note, on the firms you mentioned.
Reliance, is a known to be a crooked player that uses non-ethical business practices and is a major crony-capitalist player. Modern business practice followed: profit at any cost.
Infosys, on the other hand, isn't ethically/morally corrupt and is actually known for setting standards in corporate governance. But these days, it seems to have lost the game and run into troubles by fanatically adhering to the "maximize shareholder value while minimizing risk" rule. Modern business practice followed: keep shareholders happy no matter what.
Both followed 'modern business practices' too much to the word, or so it seems.
Just adding another note, on the firms you mentioned.
Reliance, is a known to be a crooked player that uses non-ethical business practices and is a major crony-capitalist player. Modern business practice followed: profit at any cost.
Infosys, on the other hand, isn't ethically/morally corrupt and is actually known for setting standards in corporate governance. But these days, it seems to have lost the game and run into troubles by fanatically adhering to the "maximize shareholder value while minimizing risk" rule. Modern business practice followed: keep shareholders happy no matter what.
Both followed 'modern business practices' too much to the word, or so it seems.