Monday, November 8, 2021

ASBM University Business Updates Vol. 10(26) 8th November, Monday, from Chanakya Central Library, ASBM University, Bhubaneswar.

ASBM University Business Updates Vol. 10(26) 8th 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.

 

Banking

RBI revises PCA framework for banks, to be effective from 1 Jan - Mint

RBI said the prompt corrective action framework would apply to all banks operating in India including foreign banks operating through branches or ...

Credit Suisse scales back investment banking as earnings beat - CNBC

The Swiss bank also revealed that it expects to report a net loss in the fourth quarter and said it plans to scale back its investment banking ...


Bank holidays in November 2021: Banks to remain closed on these days this month. Check ... - Mint

The banks remain open on the first and third Saturdays every month. Some of the festivals observed in November include Diwali, Bhai Duj, Chhath Puja, ..

Explained: Why ex-SBI chief Pratip Chaudhuri's arrest has baffled banking industry - IndiaToday

Pratip Chaudhuri's arrest in connection with an alleged loan scam case has sent shockwaves across the public sector banking space, leaving many ...

Reserve Bank's new current account rules put bankers, customers in a spot - Mint

RBI's original guidelines had asked banks not to open current accounts for borrowers with little or no loan exposure. This led to banks closing many ...

RBI gearing up to fintech challenge, asks banks to be vigilant too - The Economic Times

Reuters With the proliferation of digital banking, cyber security has become an extremely important area of supervisory concern. RBI will soon launch ...


Finance

PolicyBazaar IPO changes; EV financing on the rise

Today, PolicyBazaar's parent company becomes the third Indian tech startup to tap the public markets after Zomato and Nykaa. We've got all the details of its IPO, including news that the founders will sell far fewer shares than they had originally ..

HDFC reports 32% rise in Q2 standalone net profit

Standalone net profit increased to Rs 3781 crore from Rs 2870 crore a year earlier led by almost a four-time increase in dividend income to Rs 1171 crore from Rs 323 crore as the company's large listed subsidiaries namely HDFC Bank, HDFC Life Insurance and ...

SBI reports its highest quarterly profit of 7627 cr

Net profit was 4,574 crore in the September quarter last year. Total advances climbed 6%, driven by personal loans that expanded 15%. An 11% growth in home loans more than helped mask a 4% shrinkage in the corporate loan book. Home loans now constitute ...

SBI Q2 results: Net profit jumps to record 7626 crore, up 67%

On Wednesday, SBI shares were up 3.86% in noon deals at 541.85 apiece on NSE. SBI scrip has comfortably outperformed the Nifty Bank and Nifty50 indices, rising 86.83% so far in 2021 (Year-to-Date). In the same period, Bank Nifty and Nifty rose 27.90% and ...

Airtel Q2 results: Consolidated PAT jumps 300% QoQ, in-line with estimate

The telecom operator reported a 5.4 per cent sequential growth in consolidated revenue from operations to Rs. 28,326 crore for the reported quarter, which was also above analysts' expectations.

Tata Motors Q2 results: Consolidated loss widens YoY, misses estimate; sales rise 15%

The consolidated net loss reported by the company was higher than analysts' estimate of Rs 3,451.9 crore net loss. However, the carmaker reported a 14.7 per cent year-on-year growth in consolidated revenue from operations to Rs. 61,378.8 crore for the ...

 

Logistics

Allcargo in talks to sell its project logistics business - The Economic Times

The company is also looking at acquisitions in Europe in the multimodal transport operations (MTO) space and in India in the contract logistics ...

Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue | Business Standard News

Logistics startup Delhivery on Tuesday filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), ...

Logistics firm TCI Express conducts drone delivery trials; plans to expedite ... - The Economic Times

Express logistics company. TCI Express. is looking to begin deliveries using drones by the end of the ongoing fiscal, a top company official said.

SoftBank-backed Indian logistics startup Delhivery files for $1 billion IPO | TechCrunch

Indian logistics startup Delhivery seeks to raise about $998 million in its initial public offering, the startup said in a fling with the local ...

Logistics co Delhivery files for IPO worth $1 billion | Bengaluru News - Times of India

Logistics and supply chain services company Delhivery has filed for a Rs 7460-crore (about $1-billion) IPO, riding on the frenzy of capital ...

XPO Logistics sets new revenue record in Q3 earnings

Third quarter revenue Greenwich, Conn.-based truckload brokerage and less-than-truckload (LTL) services provider XPO Logistics set a new company, ...

 

Management

Research: How Management Practices Impact M&A Outcomes - Harvard Business Review

A recent analysis of 35000 manufacturing plants found that those with more-structured management practices were more likely to acquire ones with ...

26.4% Women Earn Degrees in Management Education, 2% Higher Than Men: Survey - News18

The Graduate Management Admission Council (GMAC) released the report, “The Global Diversity of Talent – Attainment and Representation,” to better ...

Is A Master In Management Worth It? - BusinessBecause

According to the Graduate Management Admission Council's (GMAC) 2021 Corporate Recruiters' Survey, the median salary for MiM graduates currently sits ..

Intelligent Service Management | CIO

Intelligent Service Management. Tune your technology to enhance processes and improve staff quality of life, while increasing productivity and ...

The 8 Best Ways To Level Up Your Time Management To Boost Your Career - Forbes

Enter time management, the in-demand soft skill and secret sauce of leaders looking to prioritize and protect their most valuable asset.

T20 World Cup: Rohit Sharma's demotion indicates team management didn't trust him to ...

Cricket News: Rohit Sharma being pushed down to number three against New Zealand was an indication that the Indian team management did not trust ...


Insurance

CCI approves HDFC Life's acquisition of Exide Life - Mint

The Competition Commission of India (CCI) on Tuesday approved the acquisition by HDFC Life Insurance Company of 100% shareholding in Exide Life ...

SBI offers 2 lakh free insurance benefits for these customers. How to avail - Mint

Customers who have a PMJDY account with SBI can avail accident death coverage of up to 2 lakh. For the earlier customers, the insurance amount ...

Best Health Insurance Companies Of 2021 – Forbes Advisor

Here are the best health insurance companies, based on coverage area, provider networks, starting rates, benefits offered and various industry ...

General Insurance: Health insurers post strong growth in YTD FY22 - The Financial Express

The pandemic accelerated topline growth in health insurance, and it is now seen as a significant financial tool.

Insurance claim liable to be rejected if lapsed on account of non-payment of premium: SC ...

A bench of Justices Sanjiv Khanna and Bela M Trivedi said it is a well-settled legal position that in a contract of insurance there is a requirement ...

 

Supply Chain

The supply chain is a mess. Consumers are paying the price - NPR

The supply chain is a mess, at virtually every step of the way. From the docks to the warehouses, a lack of space is causing slowdowns, ...

The Economic Outlook For 2022 Will Be Impacted By Supply Chain And Labor Issues - Forbes

The supply chain disruptions, which have negatively impacted growth, are viewed as primarily a function of strong demand coupled with COVID related ...

Microsoft announces new tools to modernize supply chain and manufacturing | TechCrunch

The pandemic has wreaked havoc on the world's supply chains for a number of reasons from a lack of raw material to labor shortages, but whatever ...

Why Are Supply Chains Blocked? by Michael Spence - Project Syndicate

MILAN – Supply-chain disruptions are severely hampering the global economic recovery. It is a strange situation in many ways. The types of products ...

Retail

amazon: Future Retail independent directors claim Amazon deal violates FEMA, FDI rules ...

Future Retail. (FRL) said Amazon is in violation of foreign exchange rules since the Singapore arbitral tribunal has made FRL a party to the ...

Stocks to watch: Future Retail, IndusInd Bank, DLF - Mint

Future Retail: The independent directors of Future Retail Ltd (FRL) have written to the Competition Commission of India (CCI) requesting it to revoke ...

Fino Payments IPO Subscribed 87% On Day 2 Of Bidding, Retail Portion Booked 4.65 Times

Retail investors have bought 4.65 times the portion reserved for them, with employees bidding for 29,075 shares. The portion set aside for non- ...

IPOs set to mobilize at least 20,000 cr from retail investors - Mint

Retail investors are expected to plough at least 20000 crore into India's red-hot primary market in 2021, lured by sterling listing day gains of ...

Source of Information for this issue: Google alert accessed on 8th  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: