ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the links
Finance
After a firm opening, the rupee hit an all-time low of 70.1 per dollar on Tuesday, as
concerns of Turkey’s economic crisis, triggered by plunging Turkish lira, aided
the dollar to gain against all major global currencies. The sell-off spilled
over to other emerging-market currencies after the country’s president showed
no signs of backing down in a standoff with the US.
Indian Business
ACCORDING TO research
commissioned by CWT, the global travel management company, nearly two-thirds
(61 percent) of business travelers from India said they feel very confident
about not compromising their employer’s data safety when travelling, compared with
an average of 35 percent of business travelers globally. Travelers from the
Americas are significantly more confident (46 percent) than those in Asia
Pacific (28 percent), or Europe (27 percent).
Insurance
Endowment plans and Ulips are promoted as products that meet
the twin needs of insurance and investment, besides offering tax benefits. But what
if an individual, due to irregular income or lack of financial discipline,
cannot meet recurring premium payment commitments? Enter, single premium plans.
House of Fraser, an iconic British department
store chain sold to Sports Direct InternationalSPD -0.13% PLC earlier this
month after entering a U.K. equivalent of bankruptcy protection, shuttered its
website, canceled consumer orders and said it would refund all online purchases that had not
been sent after logistics provider XPO Logistics Inc. XPO -0.60% locked up the two
U.K. warehouses it runs for the retailer.
Source of Information for this issue: Google alert accessed on August 24,2018
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,
SK ABDUL GAFFAR, 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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