ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
ASIAN BUSINESS
As the financial world turns its eyes toward
the Federal Reserve and awaits the decision on interest rates, JPMorgan Chase's
Adrian Mowat said Monday he believes a hike will be something positive for
Asian markets.
BANKING
Equity markets recouped its lost ground after a sluggish opening
while key share benchmark indices advanced sharply thereafter, after the key
inflation data showed WPI plunging to a record low in August, encouraging
investors to resort to short-covering on expectations the RBI may undertake a
rate cut during its month-end policy meet.
With the announcement of the grant of “in-principle” approvals
to 10 “small finance banks” yesterday (16 September), the Reserve Bank of India
(RBI) has kicked off its second leg of transformative changes in the banking
system.
INDIAN BUSINESS
New Delhi - Gujarat, the
state Prime Minister Narendra Modi ran for more
than a decade, is India's best place for conducting business, the World Bank
said on Monday, in a report that ranks the country's states in an effort to
encourage them to cut red tape.
INDIAN MANAGEMENT
The extension of Ravi Shastri’s tenure as India team director till
the World T20 next year was a formality, especially after the comeback 2-1 Test
series win in Sri Lanka.
National carrier Air
India is staring at yet
another industrial unrest with a majority members of one of its pilots' unions
favouring a strike against a Labour Ministry notification on the exclusion of
flight commanders from the workmen category.
ODISHA BUSINESS
BHUBANESWAR: Odisha has been ranked 7th
among the States in putting on track the reforms process for ease of doing
business.
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Source of Information for this issue : Google alert accessed on Google alert on September 21, 2015
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Best wishes
Compilation
Dharitri Pradhan
Library Professional Trainee
Information and Documentation Divison, Chanakya Central Library
Asian School of Business Management
Shiksha Vihar Bhola,
Barang Khurda Road, Chandaka
Bhubaneswar-754012
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