ASBM Business
Updates is a Weekly Selective Compilation of Business News from Various
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ASIAN SCHOOL OF
BUSINESS MANAGEMENT
The
Ninth Annual Convocation of Asian School of Business Management took place on
its campus amidst great fervour and joy on the 2nd of April, 2016. The graduating
ceremony of 2014-16 PGDM batch saw students being awarded the coveted diploma.
Justice
Mr. V. Gopala Gowda, Hon'ble Judge, Supreme Court of India, graced the occasion
as Chief Guest. In his convocation address he stated that Business houses must
undertake to embody the spirit of the Indian Constitution within their schemes.
Apart from being profit oriented, they must serve the society earnestly. Growth
of business empires should not compromise on the fundamental rights of
vulnerable citizens and thus, it becomes important to have a value based
business education scheme.
Appreciating
ASBM he said that it has continuous quality improvement schemes benchmark with
leading Business Schools in the world. He, further, appreciated that the key
aim of ASBM which is to strive to provide a highly evolved value based
education that presents best percepts and practices of good governance, ethical
business and sensitivity towards realities of the market in order to shape the
student managers to become mature business leaders.
While
congratulating the graduating batch he advised the student that the outside
world is not full of Roses, if you want to pluck a Rose from the plant; you
have to get it from the thorns without injuring yourself.
BUSINESS
Nine
years after acquiring Corus to become Europe’s second largest steel maker, Tata
Steel has finally announced plans to sell its UK business as the company
battles to control its “deteriorating financial performance”.
The
Board of one of the world’s largest steelmakers met yesterday to decide on the
future course of action in a bid to steer its embattled operations in Europe
out of the rut, which face supply glut, increase in cheap imports amidst a
continued weakness in demand in the European markets.
“Following
the strategic view taken by Tata Steel Board regarding the UK business, it has
advised the Board of its European holding company, Tata Steel Europe, to
explore all options for portfolio restructuring including the potential
divestment of Tata Steel UK, in whole or in parts,” Tata Steel said in a
statement late last night.
In
view of the severity of the funding requirement in the foreseeable future, Tata
Steel Europe Board will be advised to evaluate and implement the most feasible
option in a time bound manner, it added.
Analysts
attributed the development to the loan that Tata Steel took to acquire Corus as
well as the “tough” environment being faced by steel firms in Europe,
particularly in the UK.
INSURANCE
Ola Cabs has tied up
with Bajaj Allianz General Insurance to provide motor
insurance solutions to its drivers. This tie up with provide savings on
insurance premiums for registered Ola cab drivers and an
easier claim settlement service, along with value added services and covers
like Depreciation Shield and Engine Protector. The two companies are also
working together to create a digital infrastructure that will bring insurance
transactions like purchase or claims, fully online. PranayJivrajka, COO at Ola
said, "Driver Entrepreneurs are key stakeholders to the growth of mobility
in India and we are building a robust ecosystem for them through initiatives
like these, enabling them to grow professionally and personally. Motor
Insurance is essential for driver-partners and together with Bajaj Allianz, we
are enabling easy access to driver-partners, giving them better savings,
benefits and technology for the insurance they are buying."
The
motor insurance solution provided by Bajaj Allianz will not only provide a
cover for accidents, but will also insure theft of vehicles as well as damage
due to natural and man-made calamities, in addition to a personal accident
cover of Rs 2 lakh. Bajaj Allianz has also developed a dedicated call centre to
address any policy purchase related query or claims related assistance for all
Ola driver-partners.
___________________________________________________________
Source of
Information for this issue: Google alert accessed on Apr 4, 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, 
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