ASBM Business
Updates is a Weekly Selective Compilation of Business News from Various
Sources. To find details follow the links.
ASIAN BUSINESS
Barclays Plc
plans to close most of its cash-equities business in the Asia-Pacific region as
Chief Executive Officer Jes Staley pushes to reduce costs, according to people
familiar with the matter.
The near-exit from cash equities is part of plans to eliminate about 50 percent of jobs at the wider equities unit in the region, said the people, who asked not to be named because no announcement has been made. They declined to specify how many employees are affected. A Barclays spokesman declined to comment. Staley's move comes as a slowing Chinese economy triggers stock declines throughout Asia. People familiar with the matter said in December that Barclays planned to cut 20 percent of staff at its investment bank, with most losses to come in Asia and the global cash equities business. The Asia securities operations aren't considered profitable and competitive enough, the people said then.
The near-exit from cash equities is part of plans to eliminate about 50 percent of jobs at the wider equities unit in the region, said the people, who asked not to be named because no announcement has been made. They declined to specify how many employees are affected. A Barclays spokesman declined to comment. Staley's move comes as a slowing Chinese economy triggers stock declines throughout Asia. People familiar with the matter said in December that Barclays planned to cut 20 percent of staff at its investment bank, with most losses to come in Asia and the global cash equities business. The Asia securities operations aren't considered profitable and competitive enough, the people said then.
ASIAN SCHOOL OF BUSINESS MANAGEMENT
Asian School of Business Management, Bhubaneswar
organized the 5th International Management Convention in its premises on 15 and
16 January 2016 on the theme “Global Business: Creating, Performing and
Sustaining.” Delegates from 10 countries like Brazil, Belgium, Canada,
Malaysia, Mexico, Poland, Singapore & South Korea, Nepal and USA presented
in the convention.
The inaugural session had Dr. Dave Harris, Dean, St. Cloud State University, USA as the chief guest of the occasion discussed the importance and ways of standing tall in the crowd. He stressed on learning other cultures, soft skills, and foreign languages. He also encouraged the students to take courses on selling and consulting having internships before graduating as management students. He gave an important insight saying, “success is not about how much money you have today, rather it is about waking up in the morning and enjoying what you do”. Dr. Alby Anand Kurian, Professor, MDI of Singapore spoke about the changing paradigms of the global business. He mentioned that we are a member of a global family. He emphasized on importance of having larger goal rather than the intention of earning money. Shri. Yahya Mir, Capacity Development & Civil Aviation Technical Advisor, UNDP, Canada shared his experiences about the challenges of global business and stated that challenges, complexity, and ambiguity in business make it grow. Prof. Soo Yeon Kim, Director, International Youth Fellowship, South Korea stressed on the importance of aspects like change in mind, technological advancement and communicative efficiency in globalization.
The inaugural session had Dr. Dave Harris, Dean, St. Cloud State University, USA as the chief guest of the occasion discussed the importance and ways of standing tall in the crowd. He stressed on learning other cultures, soft skills, and foreign languages. He also encouraged the students to take courses on selling and consulting having internships before graduating as management students. He gave an important insight saying, “success is not about how much money you have today, rather it is about waking up in the morning and enjoying what you do”. Dr. Alby Anand Kurian, Professor, MDI of Singapore spoke about the changing paradigms of the global business. He mentioned that we are a member of a global family. He emphasized on importance of having larger goal rather than the intention of earning money. Shri. Yahya Mir, Capacity Development & Civil Aviation Technical Advisor, UNDP, Canada shared his experiences about the challenges of global business and stated that challenges, complexity, and ambiguity in business make it grow. Prof. Soo Yeon Kim, Director, International Youth Fellowship, South Korea stressed on the importance of aspects like change in mind, technological advancement and communicative efficiency in globalization.
BANKING
When Raghuram
Rajan declared after taking charge as the governor of Reserve Bank of India
( RBI) that
promoters have 'no divine right' to continue running a business after messing
it up, many thought it was just another rhetoric from a new administrator.
The
reality is beginning to bite. In 2016, many like the Thakurs of Jyoti
Structures, Khaitans of Electrosteel and even well-known names like Mallyas or
Ruias run the risk of losing empires in case of defaults, thanks to Rajan
following up on his words with action. Banks tightening the screws on
defaulters has forced many to put units on the block. Given the
relentless pursuit by bankers, valuation expectation of promoters are also
getting realistic and transactions are beginning to happen. Go-getter bankers
such as Arundhati Bhattacharya of State Bank of India, Chanda
Kochhar of ICICI, Shikha Sharma of Axis Bank, PS Jayakumar of Bank of
Baroda and Bill Winters of Standard Chartered Bank and are making the most of
the 'freedom' from the political class, whose meddling has reduced, say
bankers.
INDIA BUSINESS
US-based cab
aggregation company Uber has announced its partnership with Invest India, an
initiative under the department of industrial policy & promotion. This
comes a day after the government came out with top names in the new economy
world who are coming for the launch of the start-up policy. Travis Kalanick,
co-founder and chief exceutive of Uber, is among the start-up leaders attending
the policy announcement on January 16.
Prime Minister Narendra Modi in his Mann Ki Baat radio address had mentioned that start-up policy plans would be announced on January 16.
Uber, valued at $70 billion, has decided to host six leadership talks by senior executives over the next year. This will include those based at its headquarters in San Francisco. “Each session will address a different challenge that entrepreneurs face when founding their own company. For example, fundraising, product design, engineering and how to scale a business,’’ said the company. At the end of the programme, the company intends to fly 10 start-ups heads to San Francisco, where the company will introduce them to global investors, fellow entrepreneurs and the team at Uber.
Prime Minister Narendra Modi in his Mann Ki Baat radio address had mentioned that start-up policy plans would be announced on January 16.
Uber, valued at $70 billion, has decided to host six leadership talks by senior executives over the next year. This will include those based at its headquarters in San Francisco. “Each session will address a different challenge that entrepreneurs face when founding their own company. For example, fundraising, product design, engineering and how to scale a business,’’ said the company. At the end of the programme, the company intends to fly 10 start-ups heads to San Francisco, where the company will introduce them to global investors, fellow entrepreneurs and the team at Uber.
______________________________________________________________
Source of
Information for this issue: Google alert accessed on Jan 11 & 12, 2016
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
No comments:
Post a Comment