Monday, January 11, 2016

ASBM Business Updates Vol. 5(2) 11 Jan 2016, Monday from Chanakya Central Library, Asian School of Business Management , Bhubaneswar.




ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the links.

BUSINESS
Two industry bodies representing several major national and international corporations said that they are opposed to a blanket enablement of differential pricing of data services, in response to a telecom regulator paper seeking comment on the practice. One of them, however, said that there may be certain situations that warrant allowing discounted tariffs for some online services.
"The differential pricing issue is important, because it has implications for net neutrality," R Chandrashekhar, president of the National Association of Software and Services Companies (Nasscom) president told ET. "Differential pricing as a blanket enablement is out of question. It should not be done because it will completely erode net neutrality," he added.
Nasscom member companies include technology services companies such as Tata Consultancy Services, Infosys and Wipro.
The Internet and Mobile Association of India (IAMAI), which includes members such as Google, Microsoft, LinkedIn, Facebook and Twitter, said it was opposed to differential pricing, as it violates net neutrality.

BUSINESS COMMUNICATION
The mobile channel is fast becoming an important component of business communications strategies worldwide.
SMS or text messaging has become an effective tool for business communications because of its simplicity, ease of use and reach.
SMS is available on virtually all mobile phones and over all mobile networks, making it the world’s most pervasive communications technology.
According to Communications Authority of Kenya (CA) sector statistics report 2014-2015, local SMS traffic stood at 6.57 billion up from 6.55 billion messages reported previously. Similarly, the volume of SMS sent throughout the year grew significantly to 27.4 billion up from 24.4 billion messages sent during the previous year.
Advanta Africa Chief Executive Lawrence Muriuki says businesses worldwide are actively pursuing text messaging to enhance engagement and loyalty.
He said text message has stood the test of time and continues to play an important role in business communication, despite recent debates suggesting that SMS is dead in the face of instant messaging applications.
“Though consumers are ditching texting for over-the-top (OTT) mobile applications like Viber, Snapchat and Whatsapp, small businesses and large enterprises are turning to application -to-person (A2P) SMS messaging as a powerful tool to connect with their customers,” Muriuki added

FINANCE
Two industry bodies representing several major national and international corporations said that they are opposed to a blanket enablement of differential pricing of data services, in response to a telecom regulator paper seeking comment on the practice. One of them, however, said that there may be certain situations that warrant allowing discounted tariffs for some online services.
"The differential pricing issue is important, because it has implications for net neutrality," R Chandrashekhar, president of the National Association of Software and Services Companies (Nasscom) president told ET. "Differential pricing as a blanket enablement is out of question. It should not be done because it will completely erode net neutrality," he added.
Nasscom member companies include technology services companies such as Tata Consultancy Services, Infosys and Wipro.
The Internet and Mobile Association of India (IAMAI), which includes members such as Google, Microsoft, LinkedIn, Facebook and Twitter, said it was opposed to differential pricing, as it violates net neutrality.
"In addition to being against net neutrality, the differential pricing models suggested by Trai prima facie also violate the regulator's own stated principles of intervening in pricing," said Subho Ray, the president of IAMAI.

INDIA BUSINESS
E-commerce giant Flipkart on Monday came out with a new brand licensing initiative to ease the process for international brands entering India and offer consumers more authentic merchandise.
In “a first of its kind” arrangement in the industry, Flipkart has tied up with Viacom 18 for the licensing of three large brands -- Teenage Mutant Ninja Turtles, Spongebob Squarepants and Peanuts -- for sellers.
Global brands are constantly looking to partner with the most competent manufacturers across categories, and Flipkart wants to become the licensing platform that connects these brands to the most deserving sellers in India, the company said.
The brands’ “core pain points” such as fakes and lack of transparency on retail sales can be addressed effectively through Flipkart’s “superior analytics system and the tight control” it keeps on product quality, the company said.
In addition, Flipkart’s expertise across 70 plus product verticals will allow the company to offer these brands in a more innovative approach towards merchandising and sales, it said in a release here.
The sellers, in turn, will have the opportunity to create a better experience for buyers, by assuring them quality of authentic products and differentiating themselves from the clutter on the marketplace, it said further.

LOGISTICS
Online marketplace Snapdeal, backed by Japan's SoftBank Group and others, will spend more on logistics and technology to better compete with Flipkart and Amazon's Indian unit, its co-founder said on Monday.
Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and e-commerce firms are struggling to cope with the growing demand and make faster deliveries in different parts of the country.
The e-commerce market in India is expected to grow to $220 billion in the value of goods sold by 2025, up from an expected $11 billion this year, Bank of America Merrill Lynch said in a recent report.
Flush with $500 million from a funding round in August, led by China's Alibaba, SoftBank and Foxconn, Snapdeal is now looking to expand its services.
One area Snapdeal will focus on is to cut delivery times by investing in better data analytics and demand forecasting, co-founder Rohit Bansal told Reuters.
"We have done over 10 acquisitions and investments in the last one year, almost all of them in the field of technology or supply chain and payments," he said. "With all these investments we have been able to reduce our delivery times by 70 per cent in the last one year."

ODISHA BUSINESS
Odisha Police on Wednesday decided to launch Operation Smile-2 from January next year to trace and rescue missing children in the country.
A meeting was held at the Crime Branch Headquarters in Cuttack to sensitize police officials for carrying out search and rescue of the missing children.
Director General of Police K.B. Singh, along with more than 100 police officials from various districts of the state, was present in the meeting.
Crime Branch Additional Director General B.K. Sharma said 'Operation Smile-2' will be implemented in two phases.
The first phase will be from January 1 to 15 within Odisha while the second phase will be held from January 16 to 31 outside Odisha, he added.
Ten police teams have been constituted for the special drive. Each team will comprise at least five police personnel, two of whom would be woman police officers.
Odisha Police have preliminary information on about 2,500 missing children from the state. Based on the information, the Crime Branch sleuths would visit different places to rescue them.
"Police have also obtained information about missing Odia children outside the state in various places in Tamil Nadu, Andhra Pradesh, Telangana, and at Bengaluru, Delhi, Mumbai, and Nashik. The children have been traced in temples, brick kilns, orphanages, children homes and the like," said Sharma.

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Source of  Information for this issue: Google alert accessed on Jan 4, 201­­­­­­­­­­­­­­­­­­­­6

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Best wishes
Compilation
 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
                                                          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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