ASBM Business
Updates is a Weekly Selective Compilation of Business News from Various
Sources. To find details follow the links.
ASIAN SCHOOL OF BUSINESS
MANAGEMENT
Asian School of Business Management, Bhubaneswar conducted
Training Programme for freshly recruited managers of Odisha Forest Development
Corporation (OFDC) from 14 December to 30 December 2015 at ASBM Campus. The
objective of the training programme was to develop the managerial Skills of the
employees. The Training Programme was inaugurated by Dr. Ajay Kumar
Mahapatra, IFS, Managing Director, OFDC by lighting the "Lamp of
Wisdom". He said that the newly inducted managers should strive hard to
update themselves professionally and the training programme would help them do
that.
Shri Vivek Pattanayak, IAS (Retd) encouraged all the participants
by providing vivid description of today's scenario relating to forest and
environment.
Prof. (Dr.) Biswajeet Pattanayak, Director ASBM, said that
management is a subject required in all sphere of life and congratulated the
managers to be part of management training at ASBM. During the training, they
were trained with important managerial skills including basics of HR, Financial
Management, Accounting, Marketing, Business Communication, Self awareness &
Interpersonal Skills, Cost Concepts, Effective Decision Making, Managerial
Function, Drafting, Accounting Package – Tally 9.2 ERP ,Service Rules, Team
Building & Leadership, Professional Etiquettes etc by an array of
experts and richly experienced team of ASBM. Noteworthy thing is that the activities
and tasks in the training module dealt with forestry as the central theme.
BUSINESS
Micromax
Informatics today announced the launch of India’s first smartphone based native
payments solution in a strategic partnership with leading mobile payments
company TranServ.
Under
the partnership, the companies will be rolling out a series of payment
solutions specifically designed to meet the varied demands of the mobile-first
Indian consumer.
The
move will see the creation of an indigenous digital payment infrastructure
leveraging Micromax’s unparalleled presence and partner ecosystem in the Indian
market and TranServ’s leading payment solutions. This will be India’s first
smartphone based native payments solution whereby Micromax users will be able
to conduct financial and social transactions such as sending or requesting
money, splitting bills, sending gifts to friends and making payments through
native phone integrations, such as contacts in the device address book.
Commenting
on the partnership, Vikas Jain, co-founder, Micromax Informatics said, “The
growth in mobile payments has a lot to do with the ease of payment and tight
integration with popular services. And our partnership with TranServ will bring
Indian consumers, the most convenient and easy way to mirror their life on the
fast evolving internet and mobile ecosystem.”
INDIA
BUSINESS
Reliance
Communications and Aircel have begun talks to combine their wireless telecom
operations to create India's second largest mobile operator as intensifying
competition fuels consolidation in a crowded market.
The Reliance mobile phone business is India's
fourth-biggest by customer numbers while Aircel ranks fifth. The combined
business would surpass Vodafone's Indian operation as number two in the sector.
India's telecoms market is the world's second-biggest
behind China in terms of mobile phone subscriptions, but tough competition
means low margins for the 10 carriers.
Reliance Communications, controlled by billionaire
Anil Ambani, has entered a 90-day exclusivity period for the talks with Aircel,
it said on Tuesday. Financial details of the proposed transaction have not been
disclosed.
In the first sign of sector consolidation, Reliance
Communications last month agreed to buy Russian conglomerate Sistema's Indian
mobile phone business in an all-stock deal.
This month it agreed to sell its tower business to a
group including TPG Capital Management LP to cut a heavy debt load. The Aircel
talks exclude those assets.
Reliance Jio, a telecoms business controlled by Anil
Ambani's elder brother and India's richest man Mukesh Ambani, is preparing to
launch the nation's biggest 4G network, which will only add to competition.
LOGISTICS
Etihad Airways, the national airline of the UAE, has
announced an agreement with Luggage Logistics to transform the end-to-end
baggage management process across the airline’s global airport network.
Luggage Logistics’ advanced baggage management system (BMS) will enable Etihad Airways to significantly improve the delivery of guests’ luggage to their destination on-time. It will also help the airline to easily track where bags are at any point along the journey throughout its global operation.
BMS will integrate with flight schedules and other key passenger information and departure control systems. This will increase the speed at which Etihad Airways’ guest bags can be identified and transferred from the aircraft to the airport terminal facilities onto connecting flights, keeping departures on schedule and improve the on-time performance of its flights.
The software works from a centralized database that manages all baggage-related data from multiple sources. This real-time information can be shared quickly and efficiently across Etihad Airways’ operations teams ensuring the consistency and visibility of baggage information.
Geert W. Boven, Etihad Airways’ SVP airport services, said: “The partnership with Luggage Logistics will greatly improve the identification, management and transfer control of guest baggage across our global airport network including at our Abu Dhabi base. The new baggage management solution will enhance the guest experience by reducing lost or misplaced luggage, minimize delays commonly associated with baggage management, while optimizing our flight operations.”
Luggage Logistics’ advanced baggage management system (BMS) will enable Etihad Airways to significantly improve the delivery of guests’ luggage to their destination on-time. It will also help the airline to easily track where bags are at any point along the journey throughout its global operation.
BMS will integrate with flight schedules and other key passenger information and departure control systems. This will increase the speed at which Etihad Airways’ guest bags can be identified and transferred from the aircraft to the airport terminal facilities onto connecting flights, keeping departures on schedule and improve the on-time performance of its flights.
The software works from a centralized database that manages all baggage-related data from multiple sources. This real-time information can be shared quickly and efficiently across Etihad Airways’ operations teams ensuring the consistency and visibility of baggage information.
Geert W. Boven, Etihad Airways’ SVP airport services, said: “The partnership with Luggage Logistics will greatly improve the identification, management and transfer control of guest baggage across our global airport network including at our Abu Dhabi base. The new baggage management solution will enhance the guest experience by reducing lost or misplaced luggage, minimize delays commonly associated with baggage management, while optimizing our flight operations.”
_______________________________________________________________
Source of
Information for this issue: Google alert accessed on Dec 28, 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
Sabita Sahu
Asst Librarian
Information and
Documentation Division, Chanakya Central Library
Asian School of
Business Management
Shiksha Vihar Bhola,
Barang Khurda Road,
Chandaka
Bhubaneswar-754012
Tel:0674-2374832, 2374833
E-mail:library@asbm.ac.in, 
Sabita Sahu, Asst 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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