ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
BANKING
If
things go according to plan, then the first branch of Bank of
China may open in Mumbai soon.
National
Security Advisor (NSA) Ajit Doval
has given the security clearance for opening of the bank, and has conveyed this
to Maharashtra chief minister Devendra
Fadnavis.
Fadnavis
had recently accompanied Prime Minister Narendra Modi
on a tour of China, where he aggressively pushed for Chinese investments in the
state, and had a one-on-one meeting with Bank of China chairman Tian Guoli. Chairman
Guoli, though keen to open a branch in Maharashtra, had raised the issue of
security clearance by intelligence wing of the country, which he feared, might
cause problems. Fadnavis is learnt to have spoken to Doval who assured the
chief minister that he has no objections to the proposal.
The
NSA, however, told Fadnavis that Bank of China would have to adhere to the
Reserve Bank of India's (RBI) and other regulatory guidelines before setting up
its branch in Mumbai for which it has to seek the central bank's permission.
INDIA
BUSINESS
There
are around 51 million Small and Medium Businesses (SMEs) in India. However,
less than 5-6 per cent are currently online. Goggle aims to bridge this titanic
gap with its mobile app, Google My Business (GMB).
"In the next three years, India will have over 500 million internet users, who will search for information, including local businesses. The search experience for local business in India is broken today and we want to help connect businesses and customers," Rajan Anandan, VP and Managing Director, Google South East Asia and India told reporters today.
The app will help small and medium businesses (SMBs) create and manage information about their businesses online in English and Hindi across the Google platform for free. They'll neither have to invest in a website, nor a domain.
"GMB is our first mobile-based product initiative for SMBs and we have seen huge uptake of it. In the last five months of the pilot phase, over a million SMBs have already signed on. We are engaging with 25,000 new SMBs every week," Anandan said.
"In the next three years, India will have over 500 million internet users, who will search for information, including local businesses. The search experience for local business in India is broken today and we want to help connect businesses and customers," Rajan Anandan, VP and Managing Director, Google South East Asia and India told reporters today.
The app will help small and medium businesses (SMBs) create and manage information about their businesses online in English and Hindi across the Google platform for free. They'll neither have to invest in a website, nor a domain.
"GMB is our first mobile-based product initiative for SMBs and we have seen huge uptake of it. In the last five months of the pilot phase, over a million SMBs have already signed on. We are engaging with 25,000 new SMBs every week," Anandan said.
ODISHA
BUSINESS
Ending
years of uncertainty, the Odisha government has recommended to the Centre for
allotment of two bauxite deposits, Kutrumali and Sijimali in south Odisha, to
engineering & construction giant Larsen & Toubro (L&T).
L&T held the prospecting licence (PL) for these deposits for last two decades. But the state was unwilling to recommend its case for grant of mining lease (ML) as the company did not have any end use plant in the state.
"The state government has recommended L&T's case to the Union mines ministry for award of ML over the two bauxite deposits. Since L&T holds a PL, it is eligible to get the ML under the amended Mines and Minerals - (Development & Regulation) Act, 2015," said an official with direct knowledge of the matter.
R K Sharma, principal secretary (steel & mines), Odisha refused a comment on the matter. Earlier, this month, L&T's group executive chairman A M Naik met the chief minister Naveen Patnaik, impressing upon him the need to recommend the company's case for ML over the bauxite deposits. Kutrumali and Sijimali, located across Rayagada and Kalahandi districts, have combined reserve of 300 million tonne of bauxite.
L&T held the prospecting licence (PL) for these deposits for last two decades. But the state was unwilling to recommend its case for grant of mining lease (ML) as the company did not have any end use plant in the state.
"The state government has recommended L&T's case to the Union mines ministry for award of ML over the two bauxite deposits. Since L&T holds a PL, it is eligible to get the ML under the amended Mines and Minerals - (Development & Regulation) Act, 2015," said an official with direct knowledge of the matter.
R K Sharma, principal secretary (steel & mines), Odisha refused a comment on the matter. Earlier, this month, L&T's group executive chairman A M Naik met the chief minister Naveen Patnaik, impressing upon him the need to recommend the company's case for ML over the bauxite deposits. Kutrumali and Sijimali, located across Rayagada and Kalahandi districts, have combined reserve of 300 million tonne of bauxite.
______________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on June 1 , 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
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
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
No comments:
Post a Comment