ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
ASIAN
BUSINESS
Ending
speculation over the location of its next big manufacturing facility, India's
largest paint manufacturer Asian Paints Limited today signed an MoU with the Andhra
Pradesh government for setting up a 400,000 kilo litre capacity plant in north
coastal district of Visakhapatnam.
Proposed
to be developed in phases at an investment of Rs 1,750 crore, the facility
would be the largest and most modern compared to the 25 manufacturing plants
Asian Paints currently operates, according to Jalaj Dani, president of the
company. The combined capacity of the existing manufacturing facilities of the
company was around one million kilo liters.
"Apart
from the incentives and logistics, the ease of business and transparency which
the state government has demonstrated during the course of our interaction in
the last eight months has tilted our decision in favour of AP," Dani said
during the MoU signing ceremony in the presence of chief minister N Chandrababu
Naidu.
The
company had negotiated for land and other incentives with both AP and Karnataka
governments and finally settled for a better deal. It may be recalled that in
December last year the state investment promotion board headed by chief
minister Naidu had cleared the incentives for this project.
The
state government is giving 110 acres of land to the company at Pudi village in Visakhapatnam apart from promising the reimbursement of 100
per cent of gross value added tax (VAT)/ gross state goods and services tax
(SGST) of the eligible capital investment for a period of 12 years from the
date of commercial production. These are in addition to the other incentives
promised in the industrial policy of the undivided AP.
ASIAN SCHOOL OF
BUSINESS MANAGEMENT
A
Management Development Programme titled ‘Personal Effectiveness At Workplace’
was successfully conducted in Asian School of Business Management on the 12th
& 13th of March, 2015.
Prof.
Sibananda Mishra and Prof. Saswati Tripathy imparted the training programme
over two days which included several management participants from Odisha
Industrial Infrastructure Development Corporation Ltd., Apollo Hospitals and
GATI-KWE who were trained through innovative means engaged to create a lasting
impact of the training deployed.
The
workshop aimed at sensitizing the participants on individual needs and mental
well-being and incorporated training components such as Motivation – The Only
Resolution to Success, Time Management, Distress to De-Stress and
self-awareness, effective communication, accurate self-assessment, importance
of psychological first-aid, teambuilding, group cohesiveness, conflict
resolution, effective leadership and on practicing self-care and stress
management techniques meant to enhance personal values, beliefs, and behaviour
enabling in developing clarity about life, personal and work goals within a
healthy state of mind required to frame meaningful and lasting strategies to
manage time and personal effectiveness at the workplace.
BANKING
Electronic
wristbands use customers’ heartbeats to verify their identities and could mean
the end of passwords and pin codesPasswords, pin codes and memorable words
could soon be a thing of the past if new heartbeat technology being trialled by
a high street bank takes off.
Halifax
is the first UK bank to test electronic wristbands that use customers’
heartbeats to verify their identities in an effort to make online banking
safer.
The
technology means that people will not need to remember multiple passwords when
they log into their accounts. The Nymi band, which looks like a watch,
authenticates the wearer by identifying the unique electrical signals emitted
by his or her heart, known as an electrocardiogram, when it is first placed on
the wrist.
The
customer wears the band on one wrist and touches the top sensor with the
opposite hand. Another set of sensors detects whether the person is still
wearing the band, and shuts the device down if their heartbeat is not
recognised.
INDIA BUSINESS
A new
trade association has been launched to promote commercial links between India
and Turkey by creating more networking and collaboration opportunities.
The
Turkish Indian-Chambers of Commerce and Industry (TICCI), an affiliate of the
Turkish business confederation TUSKON, has offices in Bangalore, Chennai, New
Delhi, Hyderabad, Kolkata and Mumbai.
The main
objective of TICCI is to develop bilateral trade and facilitate contacts for
exports, joint ventures and alliances.
TICCI
president Ersin Karaoglan said the group will also promote the "Make In
India" campaign to attract Turkish companies to invest in Indian
manufacturing.
He said
construction, medical tourism, infrastructure and automotive parts business are
some of the areas that hold potential for joint ventures between Turkish and
Indian companies.
TICCI's
launch event at the Lalit Hotel in New Delhi on Tuesday evening was attended by
a number of prominent people. They included Federation of Indian Chambers of
Commerce and Industry (FICCI) president Jyotsna Suri, PHD Chamber of Commerce
and Industry president Alok B. Shriram, Associated Chambers of Commerce and
Industry of India (Assocham) secretary general D.S. Rawat, former Indian
ambassador to Kazakhstan and National Foundation for Communal Harmony secretary
Ashok Sajjanhar, Arya Samaj president Swami Agnivesh, UN Information Center
director Kiran Mehra, Bharatiya Janata Party (BJP) leader Vijay Jolly, and
TICCI vice president Mehmet Ali Seker.
MARKETING
Oracle
this week is launching three new services, applying cloud technology to help
organizations use big data to market their products and services more
effectively.
One
new service provides a wealth of information that can be used to generate sales
leads. Another service focuses on getting more insight from customer feedback.
The third service helps educational institutions get in better touch with their
students.
The
Oracle Data as a Service for Marketing offers a list of 300 million profiles of
business users and companies, which could be used by B2B (business to business)
firms to hunt for new customers as well as to develop a better understanding of
their potential customer base.
_______________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on Mar 16 , 2015
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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