Monday, November 1, 2021

ASBM University Business Updates Vol. 10(25) 1st November, Monday, from Chanakya Central Library, ASBM University, Bhubaneswar.

ASBM University Business Updates Vol. 10(25) 1st November, Monday, from Chanakya Central Library, ASBM University, Bhubaneswar.

ASBMU Business Updates is a Weekly Selective Compilation of Business News from Various Sources. 
To find details follow the links.


Retail

Zerodha founder's advice to retail investors on IRCTC stock split - Mint

IRCTC stock split: 'Every time a company announces a stock split, retail investors tend to buy the stock…', says Zerodha founder.

US retail giants pull Chinese surveillance tech from shelves | TechCrunch

U.S. retail giants Home Depot and Best Buy have pulled the Chinese video surveillance technology makers Lorex and Ezviz from their stores over ...

Nykaa IPO subscribed 1.6x on Day 1 on strong retail investor support - Business Standard

The 26.5-million share offering has got bids for 41 million shares with institutional investor category getting 1.4 times subscribed and retail ...

Retail trade group expects holiday sales to rise by all-time record, despite congested ports - CNBC

The National Retail Federation, however, acknowledged headwinds for retailers, including supply chain disruption and labor shortages.

Experts say retail investors should stay away from 'War of Meme Coins' - Mint

The surge seen over the few sessions has propelled these Shina Inu-based cryptocurrencies among the top 10 digital assets, with a combined market ...

Odisha Business

Skilled workforce, conducive business environment attracting textile, apparel industries to Odisha

Bhubaneswar (Odisha) [India], October 26 (ANI): Skilled workforce, conducive business environment are attracting textile and apparel industries to ...

IHCL inks pact with new SeleQtions hotel in Bhubaneswar, Odisha - The Hindu BusinessLine

Strategically located in the heart of Bhubaneswar, the hotel is well suited for both, business and leisure.

 Odisha announces full tax exemption for EVs, registration fee waiver | Business Standard News

The exemption, granted under the Odisha Motor Vehicles Taxation Act, ... of this report may have been reworked by the Business Standard staff; ...

Odisha Extends Unlock Process for November, No Weekend Shutdown - News18

All kinds of shops, malls, and business establishments will remain open from 5 am to 10 am every day, a release issued by the office of the ...

Odisha CM demands 60pc share in coal cess - Republic World

Bhubaneswar, Oct 29 (PTI) Odisha Chief Minister Naveen Patnaik on Friday demanded a 60 per cent share of clean energy cess levied on coal for ...

 Asian Management

Asia's Wealth Management Industry and the Quest to Drive Discretionary Portfolio ... - Hubbis

Grizelda Lee, Head of Asset Management Asia, Public Markets Solutions, Indosuez Wealth Management; Jean-Louis Nakamura, Chief Investment Officer, Asia ...

Asian Paints dividend, Bharat Gears rights issue & IRCTC stock split record date tomorrow

Asian Paints management has announced an interim dividend of Rs 3.65 per share for shareholders. Source: Company websites/twitter.

Strengthening resilience and raising climate ambition key for Asian and Pacific countries at COP26

A person in the Asia-Pacific region is four times more at risk of ... has marked a paradigm shift from managing disasters to managing risks.

Towngas China receives HK$2.8 billion investment from Asian buyout fund manager to ...

The mainland division of Hong Kong and China Gas (Towngas) also plans to change its name to Towngas Smart Energy to reflect the group's 'future ...

India, ADB sign $251 mn loan for integrated urban flood management in Chennai - Mint

... Asian Development Bank (ADB) on Thursday signed a $251 million loan for climate-resilient, integrated urban flood protection and management in ...

Insurance

Nearly 30% of Indian population don't have any health insurance: Survey - The Economic Times

... treatment in the costlier private sector,” the NITI Aayog has said in its report on Health Insurance for Indias Missing Middle released on Friday.

Health insurance policies can't be renewed after grace period - Mint

A life insurance policy cannot be modified mid-term. If the policyholder became a smoker after the policy was put in place, then there is no ...

Paytm's Insurance Business To Raise Rs 920 Crore From Swiss Re - Moneycontrol

Paytm Insuretech plans to leverage Paytm's customer base and merchant ecosystem to develop innovative insurance products.

CBI files charge sheet against 15 for causing loss to National Insurance | Business Standard News

Read more about CBI files charge sheet against 15 for causing loss to National Insurance on Business-standard. The accused made forged, ...


Supply Chain

Biden rallies world leaders at G-20 to help address global supply-chain issues - CNBC

The world's supply chain is bearing the brunt of surging consumer demand, labor shortages and overseas manufacturing delays, all amid a relentless ...

 Apple chip shortage will end, but US-China supply chain 'train wreck' is coming - CNBC

The semiconductor shortage has led to calls for more chip production within the U.S. as part of shoring up supply chains for key technology across ...

 No end in sight for chip shortage as supply chain problems pile up | Ars Technica

It is becoming clear that snarls in the semiconductor supply chain are weighing on economic growth. Yesterday, both GM and Ford said that missing ...

overnments need to fix supply chain crisis, top shipping boss warns | Financial Times

The supply chain crisis threatening the global economy risks lasting at least another year unless governments step in to help ease the disruption, ...


Banking

Fintech won't disrupt Indian banking sector in a big way: Vinay Sharma - The Economic Times

One must look to add a little bit of more risk, more beta when the cycle is going good and that is where midcap and smallcap banks have a role to ...

RBI tweaks current account rules for banks. Details here - Mint

For borrowers, where the exposure of the banking system is less than 5 crore, there is no restriction on opening of current accounts.

BofA CEO on future of banking: 'We're clearly a technology company' - Yahoo Finance

And Zelle, a peer-to-peer payments network used by a host of big banks ... America Investment banking company logo seen displayed on a smartphone.

RBI eases current account rules for bank exposures less than Rs 5 crore - The Economic Times

The banking regulator also permitted banks to open and maintain inter-bank accounts, all accounts with institutions like EXIM Bank, NABARD, NHB, and ...

Bank Holidays November 2021: Banks to remain shut for up to 17 days; check full list here ...

Except for Bengaluru, all the banks will observe a holiday on Diwali Amavasya (Laxmi Pujan). It may be noted that apart from the weekly offs, banks ...


Business

 IPO-bound Nykaa charts post-lockdown recovery, reveals 'house of brands' plan

Nykaa, the omni-channel beauty and personal care retailer, has seen a gradual recovery in its consolidated gross merchandise value (GMV) since the height of the pandemic, its founder and CEO Falguni Nayar said three days before the launch of its ...

Birlasoft Q2 results: Net profit surges 49% to Rs 103 crore

New Delhi: IT firm. Birlasoft. on Tuesday reported a 49.2 per cent rise in consolidated net profit to Rs 103.1 crore for the September 2021 quarter. The company had posted a profit of Rs 69.1 crore in the July-September 2020 period, Birlasoft said in a ...

ITC Q2 net profit jumps 14% to Rs 3697 cr

The conglomerate said the September quarter witnessed broad-based recovery in sales across markets and channels. ITC said there was a strong pick-up across all operating segments in the period under review after severe disruptions in the June quarter

 IRB Infrastructure to raise Rs 5347 crore via preferential issue of shares

The transaction, among the largest equity fund raising by a listed infrastructure company, will help IRB deleverage its balance sheet and have access to new growth capital to participate in new projects and the government's ambitious asset monetization ...


Logistics

Skydropx taps new funding to expand logistics automation across Latin America | TechCrunch

Enter Skydropx, a Mexico City-based logistics management company that enables businesses to create an end-to-end automated delivery experience for ...

CII Institute of Logistics rolls out compendium of logistics policies of five states - The Economic Times

Ministry of Commerce and Industry, logistics-additional secretary Amrit Lal Meena formally launched the handbook recently, and said, "the ongoing ...

Industrial giant 3M to hike prices as inflation, logistics woes bite | Reuters

3M forecast a hit of 80 cents to 90 cents to full-year earnings from raw material and logistics costs. The Dow Industrial Average (.

Logistics platform Porter raises $100 mn; valuation jumps to $500 mn - BusinessToday

Logistics tech start-up, Porter has raised nearly $100 million (Rs 750 crore) in a Series E funding round led by Tiger Global Management and ...

Logistics co Porter raises 750cr from Tiger, others | Bengaluru News - Times of India

Logistics company Porter has raised Rs 750 crore in its Series E funding round led by Tiger Global Management and Vitruvian Partners, ...

 

Management

 Wealth management boom helps UBS report $2.3 billion profit, beating estimates - CNBC

UBS has beaten analyst expectations in the third quarter as its wealth management division continues to outperform.

India, ADB sign USD 251 mn loan for urban flood management - The Economic Times

India, ADB sign USD 251 mn loan for urban flood management in Chennai · Department of Economic Affairs Additional Secretary Rajat Kumar Mishra and ADB ...

Centre release traffic management framework for drones - The Economic Times

India will onboard multiple public and private service providers for managing drone traffic in airspaces below 1000 feet.

l&t: Skill management, project execution new hurdles post pandemic: L&T CFO R Shankar ...

L&T's presence across the country gives it the flexibility to manage people better, Raman said. Yet, as the company prepares its next five-year ...

Source of Information for this issue: Google alert accessed on 1st November, 2021
Knowledge Is Power. Be Informed, Be Knowledgeable, and Be Powerful.
Best Wishes Compilation
Chanakya Central Library
Information and Documentation Division, Chanakya Central Library.
ASBM University, Shiksha Vihar, Bhola, Barang, Khurda Road, Chandaka Bhubaneswar- 754012
Website: 
www.asbm.ac.in, Tel: 0674-2374832, 2374833, Email: Library@asbm.ac.in,
Niharbala Nayak, Librarian, Knowledge and Information Services Unit, Chanakya Central Library, ASBM UNIVERSITY Bhubaneswar. 
Library1@asbm.ac.inwww.asbm.ac.in

 

No comments: