ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
ASIAN BUSINESS
Beauterama
Trading, the Asian brand distribution specialists, will be launching Delphis
Eco, the UK’s leading ecological detergent brand at the 2014 Taiwan
International Green Industry Show on 6 October 2014 in Taiwan marking the
brand’s first entry into the Asian market.
Entirely
manufactured in the UK, Delphis Eco has one of the largest range of
environmentally friendly detergents accredited by the EU Ecolabel, the only
pan-European official green label governed by the European Commission.
Produced
in super concentrates with a high dilution capability, Delphis Eco is
especially designed for large commercial, industrial, educational and public
facilities, such as hotels, office buildings, factories, schools, hospitals,
parks and recreational grounds. Its core products include a multi-purpose
cleaner, anti-bacterial sanitiser and washroom cleaner, which are packaged in
2-20 litre drums.
FINANCE
Japan's
Nikkei share average surged 3.3 percent on Monday and was on track to post its
biggest daily rise in more than a year as investors took heart from upbeat U.S.
data and as the weaker yen lifted exporters such as Toyota Motor Corp and Honda
Motor Co.
Also underpinning the market was news that Japan's
$1.2 trillion public pension fund will likely raise its allocation to domestic
stocks to about 25 percent.
People familiar with the process told Reuters that a
weighting in the middle of the 20-30 percent range is the main proposal for the
coming reallocation and is under final discussion within GPIF.
The Nikkei share average rose 486.04 points to 15,018.55
by the midday break, recovering most of the losses posted last week.
Upbeat U.S. consumer sentiment gave relief to investor
sentiment and lifted risk appetite. The Thomson Reuters/University of Michigan
index of consumer sentiment unexpectedly rose in early October to its highest
level since July 2007. Separate data showed groundbreaking for new homes rose
more than expected last month.
Traders said investors were scooping up recently
battered stocks after the Nikkei tumbled 5 percent last week on concerns about
faltering global growth and the stronger yen.
INDIA
BUSINESS
From
being dismissive about the potential of e-commerce in India to joining hands with the sector,
leading 'brick and mortar' retailing entities seem to have had a change of
thinking on the former.
Kishore Biyani's Future Group has made a tie-up with Amazon to sell its private labels in the fashion category. Last month, Tata Group’s Croma entered into an alliance with Snapdeal.
The tie-up of Amazon and Future comes right after Jeff Bezos, founder-head of the former, visited the country and met Biyani. The partnership will be extended to other categories over time. Future will use the Amazon platform to sell its private labels such as Lee Cooper, Converse, Indigo Nation, Scullers and Jealous21, among others. The company has a portfolio of about 40 brands.
Kishore Biyani's Future Group has made a tie-up with Amazon to sell its private labels in the fashion category. Last month, Tata Group’s Croma entered into an alliance with Snapdeal.
The tie-up of Amazon and Future comes right after Jeff Bezos, founder-head of the former, visited the country and met Biyani. The partnership will be extended to other categories over time. Future will use the Amazon platform to sell its private labels such as Lee Cooper, Converse, Indigo Nation, Scullers and Jealous21, among others. The company has a portfolio of about 40 brands.
LOGISTICS
AVG Logistics is all set to start the first private cargo special train
from Kerala to Moga near Ludhiana. The service will be flagged off from
Chalakkudy Railway Station tomorrow (Wednesday).
The train, which will be operated on ‘round trip’ basis and weekly
once, will have stoppage at Erode, Bangalore and Delhi.
The company in a statement issued here said that the new service would
facilitate the movement of agricultural and industrial products from Kerala to
Delhi, Punjab, Jammu and Kashmir, Haryana, Rajasthan and western UP within the
transit period of 8-10 days.
The train with 21 compartments has a capacity to carry 468 tonnes per
week. This will ensure sufficient loading space for the users, with optimal
transit performance. The train loading will be handled by AVG Logistics, in
collaboration with the Central Rail-side Warehouse Company (CRWC).
AVG Logistics will actively involve in cargo consolidation, loading and
unloading of the train by providing door-to-door service to customers,
virtually covering the cargo movement network from Kashmir to Kanyakumari, the
release said.
The new cargo train services will cater to the needs of the industry
and trade sectors for transporting products for the movement of its products in
bulk quantities at competitive price with optimal transit time.
MANAGEMENT
Swedish
telco-equipment giant Ericsson has acquired Sentilla,
a Redwood City, California-based company that develops data center management
software for the IT side of the house.
As
telcos add cloud infrastructure services to their portfolios and increase their
use of software-based network management tools, there is an opportunity for
vendors like Ericsson to provide them with new types of technology products.
The acquisition brings additional technological capabilities to Ericsson’s
existing products for infrastructure management as well as a team of experts in
the field. Sentilla has a robust data center management platform that provides
visibility into current state and historical information about VMs, physical
hosts, private and public cloud infrastructure. It monitors things like CPU
usage, power consumption and cost and presents data through visualizations.
RETAIL
Amazon
is setting up a retail store in a San Francisco mall for the holidays.
The
company has confirmed a report from GeekWire on Monday, which said that Amazon will open a "pop-up" store
in San Francisco as well as one in Sacramento. The news is the first
acknowledgement that Amazon is expanding beyond its online roots. An October 9
story from the Wall Street Journal said that Amazon
will open a physical store in New York City, but the retail giant has yet
to confirm that bit of information.
The
stores will be set up as kiosks in shopping malls where customers should be
able to check out such products as the Kindle
e-reader, the Fire phone and tablets, and
the Fire TV. The San Francisco kiosk will set up shop at the Westfield San
Francisco Centre, a mall located in downtown San Francisco on Market and Fifth
streets, not far from where many tech companies have offices. The kiosk is
scheduled to open for business on Wednesday, October 22, according to GeekWire,
which said that Amazon confirmed the location and the date.
SUPPLY
CHAIN
Gerd
Müller, Germany's Minister for Economic Cooperation and Development (BMZ),
launched a new Textiles Alliance in Berlin on Thursday. Its goal is to help
move the international textile supply chain toward better labor and
environmental practices.
Müller's
ministry wants to see improvements at every link in the supply chain - from the
cotton fields through the textile dyeing and clothing production process to
distribution and retail.
Among
other aims, the Textiles Alliance seeks decent wages, an end to forced labor
and child labor, respect for safety standards, and a stop to the use of certain
particularly environmentally toxic chemicals in the textiles supply chain.
Membership
in the alliance is voluntary, however, and while the ministry reported that 29
textiles companies and associations had joined the Textiles Alliance in time
for Thursday's launch, many key industry players and associations in Germany
gave notice that they would not join.
"A
gap-free monitoring of all production steps from the cotton fields to the
retail-store clothes-hanger is unrealistic," said Jan Eggert, general
manager of AVE, the German association of importing retailers.
___________________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on Oct 20th, 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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