ASBM Business
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ASIAN SCHOOL OF
BUSINESS MANAGEMENT
The National Talent Festival of Asian School of
Business Management was inaugurated by Shri Sanjay Kumar Das Burma, Hon'ble
Minister, Skill Development & Technical Education, Govt. of Odisha by
lighting the 'Lamp of Wisdom' as Chief Guest. He visited all the Markfest
Stalls and very much impressed by the innovative ideas projected by the young
management graduates. He said that as a minister he know that how important
entrepreneurship is so he appreciate the efforts taken by Director ASBM in this
direction. Future manager who are grooming here, having skill, attitude,
qualitative learning and ample practical exposure.
Guest of Eminence on the occasion Prof. (Dr.) Prasanna Kummar Patasani, Hon'ble Member of Parliament, Bhubaneswar said that ASBM is a great institution. At ASBM Discipline – the language of silence is cultivated. He urged student to apply scientific approach of life by promoting humanity, education and knowledge.
In his welcome address Prof. (Dr.) Biswajeet Pattanayak, Founder & Director ASBM, said that the very concept of this Talent Festival is to generate new ideas from the young minds and to execute their ideas beyond class room. He urged student to think out of box, innovative to match today's business scenario. This is a platform for exchange of thoughts, feelings and ideas. So translate your knowledge into skill with a dedication to execute.
Guest of Eminence on the occasion Prof. (Dr.) Prasanna Kummar Patasani, Hon'ble Member of Parliament, Bhubaneswar said that ASBM is a great institution. At ASBM Discipline – the language of silence is cultivated. He urged student to apply scientific approach of life by promoting humanity, education and knowledge.
In his welcome address Prof. (Dr.) Biswajeet Pattanayak, Founder & Director ASBM, said that the very concept of this Talent Festival is to generate new ideas from the young minds and to execute their ideas beyond class room. He urged student to think out of box, innovative to match today's business scenario. This is a platform for exchange of thoughts, feelings and ideas. So translate your knowledge into skill with a dedication to execute.
BUSINESS
Toyota kept its title as the world's
biggest automaker today after posting global sales of 10.15 million vehicles
for 2015, outpacing scandal-hit Volkswagen and US rival General Motors.
Struggling to move past a pollution-cheating scandal, Volkswagen earlier said
it logged sales of 9.93 million vehicles worldwide last year, while Chevrolet
and Cadillac maker GM moved 9.8 million. In the first half of the year, the
German giant was in pole position, outpacing Toyota as it rode momentum in
emerging economies. But then it posted its first drop in annual sales for more
than a decade, as it was hammered by a massive pollution cheating scandal.
Volkswagen sank into its biggest crisis over stunning revelations in September
that it had fitted 11 million of its vehicles with devices designed to dodge
pollution tests. The US government has said it was suing VW for billion in
civil penalties over the scandal.
Toyota broke GM's decades-long reign as the world's top automaker in 2008 but lost it three years later to the US firm, as Japan's earthquake-tsunami disaster dented production and disrupted the supply chains. However, in 2012 it once again overtook its Detroit rival and has remained on top since, despite slowing sales in its home market where a weak economy has taken a bite out of demand. Toyota's overall sales -- which include its Daihatsu and Hino brands -- edged down 0.8 percent from a year ago.
Toyota broke GM's decades-long reign as the world's top automaker in 2008 but lost it three years later to the US firm, as Japan's earthquake-tsunami disaster dented production and disrupted the supply chains. However, in 2012 it once again overtook its Detroit rival and has remained on top since, despite slowing sales in its home market where a weak economy has taken a bite out of demand. Toyota's overall sales -- which include its Daihatsu and Hino brands -- edged down 0.8 percent from a year ago.
LOGISTICS
Flipkart
Ltd, the country’s largest online retailer, has thrown open its logistics
services eKart to third-party e-commerce firms even as the company is gearing
up to roll out an inter-city customer-to-customer courier service called eFlash
in the next two months, said three people aware of the development.
The
e-commerce logistics service has already found takers such as online fashion
store Jabong and online marketplace Shopclues (Clues Network Pvt. Ltd);
technical integration with Jabong is underway, while Shopclues will come on
board in the next two weeks. eFlash is still in beta stage, currently available
only to Flipkart employees in Bangalore, the people cited above said.
Myntra,
which was acquired by Flipkart for $330 million in May 2014, has already been
using eKart’s logistics services since September last year. The company expects
other e-commerce firms to adopt the services in a big way starting February.
Flipkart
did not respond to an email seeking comments, at the time of filing the report.
The
Economic Times reported on Monday that Flipkart is planning to build eKart
as an independent business and separately raise capital for the logistics unit.
eKart’s
logistics service for third-party etailers will be pitched against well-funded
e-commerce-focused logistics firms such as Delhivery (SSN Logistics Pvt. Ltd),
Ecom Express Pvt. Ltd and Dotzot, the e-commerce focused arm of DTDC Express
Ltd, among others. Other traditional logistics companies such as Gati Ltd, Blue
Dart Express Ltd, Safexpress Pvt. Ltd and Drive India Enterprise Solutions Ltd
are all adding e-commerce verticals to their existing lines of businesses,
given the exponential growth of e-commerce in India.
RETAIL
Despite
a debacle of its previous premium made-ups brand Rosebys, home textiles player GHCL is now planning to foray into retail again with its
own brand.
While work on the private retail brand for home decor and lifestyle products is still on drawing board, plans are afoot to launch it by early to mid next fiscal.
While work on the private retail brand for home decor and lifestyle products is still on drawing board, plans are afoot to launch it by early to mid next fiscal.
"We
have plans in place to gradually build our own brands in the domestic market;
thereby creating a niche place for GHCL products," said R S Jalan,
managing director of GHCL.
Company
sources said while the plan is still on the drawing board, GHCL has already
begun market feasibility study for the same even as it plans to launch the
brand by early to mid next fiscal.
For
now, the company already has a tie-up with Perry Ellis International, Inc. for the brand Laundry by
Shellie Seigal for bedding products which include flat sheets, sheet sets,
duvet covers and coordinating shams for customers in USA and Canada under the
Laundry by Shelli Segal brand.
However,
the private brand by GHCL will be targeted at domestic market and is likely to
be pitched against other home textiles brands like Bombay Dyeing and Welspun.
Earlier,
GHCL had acquired the UK brand Rosebys in 2006 for $40 million but had to later shut down
the venture. Through Rosebys, GHCL had attempted at targeting the organised
home textiles retail, which it now intends to do through its own brand.
______________________________________________________________
Source of
Information for this issue: Google alert accessed on Feb 1, 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
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