ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
BANKING
Stashing cash in secret vaults is the sort of activity usually
associated with criminals. Now Swiss pension funds are considering getting in
on the act. The reason is that they are fed up with having to pay banks simply
to park their money in regular accounts and are considering making mass
withdrawals, according to ASIP, a trade body.
Welcome to the Alice in Wonderland world of negative interest
rates, a topsy-turvy universe where central bankers are so alarmed at the
prospect of weak inflation that they have cut borrowing costs below zero, in
effect charging financial institutions to leave their accounts in the black.
Policy makers hope that the charges will push banks to lend more
to households and businesses, where margins remain quite high.
Lending to businesses rose in the eurozone for the first time in
three years in March.
But negative interest rates could also exacerbate the threat that
banks and other investors create bubbles by buying riskier assets as they
search for some yield.
ODISHA BUSINESS
Milk Mantra, an
Odisha-based dairy product company is foraying beyond Eastern India with the
launch of MooShake, a dairy-based health beverage which is blended with
curcumin, an extract from turmeric, believed to have multiple health benefits.
This marks the Fidelity Growth Partners backed startup’s entry into the
dairy-based functional health-category space with ready-to-drink milk beverage
which has a longer shelf life.
To start with, the company has launched MooShake in four different flavours in Bengaluru, and is looking to launch the milk shake gradually across all major cities in interval of couple of months. “This is the world’s first such beverage with curcumin in it. Each pack of MooShake contains 0.05 per cent pure curcumin, an extract of turmeric which is anti-inflammatory, immunity booster and also sometimes believed as a natural medicine for preventing cancer,” said Srikumar Misra, Founder & Managing Director of Milk Mantra. “We have done almost three years of research and development to come out this complex product and make it shelf stable and tasty,” he added.
To start with, the company has launched MooShake in four different flavours in Bengaluru, and is looking to launch the milk shake gradually across all major cities in interval of couple of months. “This is the world’s first such beverage with curcumin in it. Each pack of MooShake contains 0.05 per cent pure curcumin, an extract of turmeric which is anti-inflammatory, immunity booster and also sometimes believed as a natural medicine for preventing cancer,” said Srikumar Misra, Founder & Managing Director of Milk Mantra. “We have done almost three years of research and development to come out this complex product and make it shelf stable and tasty,” he added.
RETAIL
Microsoft’s
free Windows 10 upgrade deal is looking better and better all the time. For if
you already own a genuine Windows PC, you could be saving yourself upwards of a
huundred to almost two hundred dollars.
Microsoft
confirmed Monday that the company will sell Windows 10 at retail for the same
price as Windows 8.1: $119 for Windows 10 Home, $199 for Windows 10
Professional, and $99 for a Windows 10 Pro Pack to jump from a licensed copy of
Windows 10 Home to the Professional version.
That
means, unfortunately, that the price leaked by Newegg's retail site over the
weekend for Windows 10 Home was incorrect. NewEgg
pegged the price of the Windows 10 Home Edition at $109, and the
Professional version at $149. It also claimed that the software would be
released on August 31.
On
July 29, according to Microsoft, you’ll be able either to download Windows 10
or buy a new Windows 10 PC from retailers. And if you click
the “reservation link” that Microsoft is pushing via its most recent
updates to Windows 7 and Windows 8.1, you can apparently sign up to preload the
software just as soon as it’s ready. Microsoft promises that upgrades will
be free for the “supported lifespan” of the device, although it hasn’t
explained what that phrase actually means.
______________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on June 8 , 2015
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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
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