ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
ASIAN BUSINESS
Roads in Southeast Asia have been getting a little
louder lately as motorcycle makers, an aspiring middle class and easy bank
credit come together to breed a new genus of motorcyclists – the big-bike
rider.
Traffic in urban centers such as Jakarta, Kuala Lumpur and Ho Chi Minh City has long been characterized by swarms of small motorbikes and scooters. Honda Motor and Yamaha Motor, the world's biggest motorbike makers, have dominated this sprawling regional market.
The landscape is slowly shifting as the Southeast Asian market, the world's third-largest after China and India, undergoes a structural change. In Malaysia and Vietnam, motorbikes with bigger engine capacities are outselling their smaller cousins.
Italy's Ducati Motor Holding, Japan's Kawasaki and Austria's KTM are among motorbike makers looking to build a new axis of growth in this market of 600 million people as orders for larger bikes in first-world countries slow.
Traffic in urban centers such as Jakarta, Kuala Lumpur and Ho Chi Minh City has long been characterized by swarms of small motorbikes and scooters. Honda Motor and Yamaha Motor, the world's biggest motorbike makers, have dominated this sprawling regional market.
The landscape is slowly shifting as the Southeast Asian market, the world's third-largest after China and India, undergoes a structural change. In Malaysia and Vietnam, motorbikes with bigger engine capacities are outselling their smaller cousins.
Italy's Ducati Motor Holding, Japan's Kawasaki and Austria's KTM are among motorbike makers looking to build a new axis of growth in this market of 600 million people as orders for larger bikes in first-world countries slow.
BANKING
IndusInd Bank has inaugurated its first
digital branch at IndusInd Cybercity Rapid Metro station, Gurgaon. With this
launch, IndusInd Bank has become the first bank in India to have a fully
digital branch at a metro station, whose branding rights are owned by the bank.
The bank's fully digital branch aims to deliver best-in-class service to its growing tech savvy customer base. This digital branch is strategically located in the heart of Cybercity, which houses Cyberhub and many other key commercial establishments of Gurgaon.
One of the USPs of the digital branch is the interactive video branch machine - which the compnay claims to be first in India. This video branch machine allows customers to connect with the remote teller over a real-time video call and perform regular banking transactions like statement printing, cheque deposits, opening of FD account and encashment, funds transfer along with dispensation of cash. The digital branch lobby also has a smart table with iPads on which customers can do a host of banking and non-banking transactions. The digital branch at IndusInd Cybercity station has been aesthetically designed with stylish and modern interiors to provide customers a rich and a delightful banking experience.
The bank's fully digital branch aims to deliver best-in-class service to its growing tech savvy customer base. This digital branch is strategically located in the heart of Cybercity, which houses Cyberhub and many other key commercial establishments of Gurgaon.
One of the USPs of the digital branch is the interactive video branch machine - which the compnay claims to be first in India. This video branch machine allows customers to connect with the remote teller over a real-time video call and perform regular banking transactions like statement printing, cheque deposits, opening of FD account and encashment, funds transfer along with dispensation of cash. The digital branch lobby also has a smart table with iPads on which customers can do a host of banking and non-banking transactions. The digital branch at IndusInd Cybercity station has been aesthetically designed with stylish and modern interiors to provide customers a rich and a delightful banking experience.
BUSINESS
The government
has cancelled approvals of nine special
economic zones, including that of Hindalco Industries, Essar and Adani as no
"satisfactory" progress was made to execute the projects.
The decision was taken in the meeting of the Board of Approval (BoA) headed by commerce secretary Rajeev Kher on September 18.
"The Board noted that the progress made by the following developers/co-developers is not satisfactory. The Board, after deliberations, decided to cancel the formal approval/ notification/co-developer status, as the case may be, in 9 cases," commerce ministry said.
The decision was taken in the meeting of the Board of Approval (BoA) headed by commerce secretary Rajeev Kher on September 18.
"The Board noted that the progress made by the following developers/co-developers is not satisfactory. The Board, after deliberations, decided to cancel the formal approval/ notification/co-developer status, as the case may be, in 9 cases," commerce ministry said.
MARKETING
Google
has rolled out a new iPhone app called Primer, aimed
at teaching startups the fundamentals of marketing – with a Google spin, of
course. The new app, available only on iOS for now, but coming soon
to Android, complements the Google Primer website which further explains how the
mini-marketing lessons Google provides overlaps with the company’s larger
agenda.
“We
realized that some of the Google ad-tech products which connect businesses to
customers also widen the gap between rookies and marketing pros,” the website
explains. “We want to fix this.”
Instead
of simplifying its ad-tech offerings for those so-called “rookies,” Primer
instead is focused on getting would-be marketers up to speed by offering
straightforward marketing lessons, case studies, and quizzes that teach “big
picture strategy.” The content is co-developed between Google and industry
experts in each category, the company says.
ODISHA BUSINESS
Software Technology Parks of India (STPI), an
autonomous society under Union ministry of communication and information
technology, plans to set up a facilitation centre at Bhubaneswar with a mandate
to give boost to the IT sector in the state.
The centre, to be set up on three acres of land near the International Institute of Information Technology(IIIT), will have software and hardware incubation centres, data centre for the use of IT industries.
The Union ministry has sanctioned about Rs 49 crore for the centre in the first phase for taking up the civil infrastructure. The centre will be a G+7 storied building.
“Entire building will support the needs of IT industry, especially of the small and medium scale enterprises. The facilities to be available at the centre include a software library, common training centre, common financial services and HR services, among others,” said Manas Ranjan Panda, Director, STPI - Bhubaneswar.
National Buildings Construction Corporation Ltd (NBCC) has been entrusted the job of constructing the building, which will be completed within two years.
STPI was set up with the objective of encouraging, promoting and boosting the software exports from India. It maintains internal engineering resources to provide consulting, training and implementation services.
The centre, to be set up on three acres of land near the International Institute of Information Technology(IIIT), will have software and hardware incubation centres, data centre for the use of IT industries.
The Union ministry has sanctioned about Rs 49 crore for the centre in the first phase for taking up the civil infrastructure. The centre will be a G+7 storied building.
“Entire building will support the needs of IT industry, especially of the small and medium scale enterprises. The facilities to be available at the centre include a software library, common training centre, common financial services and HR services, among others,” said Manas Ranjan Panda, Director, STPI - Bhubaneswar.
National Buildings Construction Corporation Ltd (NBCC) has been entrusted the job of constructing the building, which will be completed within two years.
STPI was set up with the objective of encouraging, promoting and boosting the software exports from India. It maintains internal engineering resources to provide consulting, training and implementation services.
A regional airline has proposed to start flight
service to small and industrial towns of Jharsuguda, Angul, Rourkela and Jeypore
within Odisha.
"Air Odisha Aviation Pvt Ltd has expressed its interest to operate flights from Bhubaneswar to different parts of the state such as Jharsuguda, Angul, Rourkela and Jeypore from this month," Sharad Kumar, director Bhubaneswar Airport said.
Stating that the work for the Jharsuguda airport will begin from December this year, Kumar said it is likely to be completed within two years. Jharsuguda would be the second commercial airport in the state of Odisha, he said.
Go Air will be operating four daily flights - two flights to New Delhi and one each to Mumbai and Kolkata from the Biju Patnaik domestic airport from the October 26, Kumar said.
He also informed that the preparations are on for starting flights from Bhubaneswar to Bengaluru by another airline operator ATC Airways by February next year.
"Air Odisha Aviation Pvt Ltd has expressed its interest to operate flights from Bhubaneswar to different parts of the state such as Jharsuguda, Angul, Rourkela and Jeypore from this month," Sharad Kumar, director Bhubaneswar Airport said.
Stating that the work for the Jharsuguda airport will begin from December this year, Kumar said it is likely to be completed within two years. Jharsuguda would be the second commercial airport in the state of Odisha, he said.
Go Air will be operating four daily flights - two flights to New Delhi and one each to Mumbai and Kolkata from the Biju Patnaik domestic airport from the October 26, Kumar said.
He also informed that the preparations are on for starting flights from Bhubaneswar to Bengaluru by another airline operator ATC Airways by February next year.
___________________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on Oct 6th
and 10th, 2014
We
welcome your suggestions in improving this information updating service.
Knowledge
Is Power. Be Informed, Be Knowledgeable, Be Powerful.
Best
wishes
Compilation
Sabita
Sahu
Junior
Librarian
Concept,
Layout and Editing
Syamaghana
Mohanty
Chief
Librarian
Information
and Documentation Divison, Chanakya Central Library
Asian
School of Business Management
Shiksha
Vihar Bhola,
Barang
Khurda Road, Chandaka
Bhubaneswar-754012
www.asbm.ac.in
Tel:
0674-2374832, 2374833
E-mail:
library@asbm.ac.in, chieflibrarian@asbm.ac.in
Sabita Sahu :Junior Librarian Knowledge and Information Services Unit, Chanakya Central Library, Asian School of Business Management, Bhubaneswar. library@asbm.ac.in ; www.asbm.ac.in
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