ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the links.
Banking
In a
recent survey conducted by Moody’s Investor Service, 70 percent of market participants pooled said that
India’s banking system was the most vulnerable in South Asia. Stress in the
banking system has made headlines for over three years now. Analysts,
experts, and economists have all predicted doomsday which has not yet come.
However, to be fair to experts the balance sheet numbers of the banks have
continuously deteriorated in most of the cases.
Finance
The
Reserve Bank of India (RBI) has stopped printing the Rs 2,000 currency notes
and will not be bringing new notes of that denomination in the current financial year,
according to a Livemint report on Tuesday.
|
Brexit: £1 trillion London
fund management business threatened by latest EU guidance British-based
investment firms' long-standing ability to manage billions of euros of assets
elsewhere in Europe could be threatened by Brexit,
new EU guidance suggests. Asset managers in London oversee funds
worth €1.2 trillion (£1.07 trillion) in the EU - more than their peers in
France, Germany and Italy combined, according to figures from UK industry body
the Investment Association. Previously, many managers had said they expected
the impact of Brexit on their operations would be minimal compared with
the reorganisations
faced by many international banks and insurers.
Retail
In 1960, Theodore
Levitt wrote “Marketing Myopia” for the Harvard Business Review.
He dissected the decline of the railroad industry, placing the blame fully on
the industry itself, for not having the vision to see the customer problem they were truly solving: People want to move themselves or products from one place
to another cheaply and fast and as safely as possible.
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Source of Information for this issue: Google alert accessed on Jul 31, 2017
Knowledge Is Power. Be Informed, Be Knowledgeable, Be Powerful.
Best wishes
Compilation
SK ABDUL GAFFAR
Asst. Librarian
Information and Documentation Division, Chanakya Central Library
Asian School of Business Management
Shiksha Vihar Bhola,
Barang Khurda Road, Chandaka
Bhubaneswar-754012
www.asbm.ac.in
Tel:0674-2374832, 2374833
E-mail:library@asbm.ac.in,
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