If you are about to manage a foray into India , here are some tips and insights to help you along. Indiaserver.com offers some excellent help in all facets of cultural issues that anyone outside of needs to know.

Here is an excellent take on greeting and courtesies:

 

Indians greet each other (and say good-bye) with the namaste, which is formed by pressing the palms together (fingers up) below the chin and nodding the head. When greeting superiors or to show respect, a slight bow is added. When meeting foreigners, Indian men will shake hands. Indian men do not generally shake hands with or otherwise touch women (as a gesture of respect for a woman's dignity and privacy). Indian women who are educated or familiar with international customs may offer their hands to foreigners as a courtesy. When meeting a woman, a man should wait for her to initiate a handshake. If she does not, smile and nod slightly. When in public, men should not initiate a conversation with an Indian woman who is alone. Indians value titles; if someone has a title use it when greeting them. The suffix "ji" after a last name is a general term of respect. Indians generally ask permission before leaving other people. Showing respect for others (especially those who are older) is very important. In a group, greet the eldest person first.

Here is another gem that is mentioned here:  

 DECISION MAKING

Decisions are made slowly. Indians require time to discuss every aspect of a deal, and then usually take more time before giving a final answer. Be patient and plan other activities while waiting. Impatience is viewed as rude, and high-pressure attempts to get things done faster will be resisted and resented. Decisions are made at the top of the hierarchy, so whenever possible cultivate and maintain good relationships with the highest-ranking executives.   

So if you are about to manage a transfer of business to or plan on investing in business there, keep these important things in mind and check out this great site. 

For another site that is really good from a foreigner’s point-of-view, and is fun to read go here