Tuesday, April 9, 2024

ASBM University Business Updates Vol. 11(20) 09th April, Tuesday, from Chanakya Central Library, ASBM University, Bhubaneswar

ASBM University Business Updates Vol. 11(20) 09th April, Tuesday, 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

Business

World markets today: US stocks fall led by healthcare shares

US stock indices fell on Tuesday on sharp losses in healthcare companies and Tesla. As of 10:10 a.m. Eastern time, the Dow Jones Industrial Average was down 445 points, or 1.1 per cent; the S&P 500 was 1 per cent lower; and the Nasdaq Composite was 1.4 ...

Aditya Birla Fashion upper circuit: Aditya Birla Fashion shares jump 15% on proposed demerger of Madura Fashion

Post necessary approvals, the demerger will be implemented through an NCLT scheme of arrangement, and all shareholders of ABFRL will have identical shareholding in the newly formed entity, it added. Subsequent to the completion of ...

Bharti Hexacom IPO booked over 29 times on the last day of bidding process led by QIBs, NIIs. Check latest GMP

Bharti Hexacom, a major player in Rajasthan and North-East circles, operates under the brand Airtel, serving 27.1 million users in 486 census towns. The IPO subscription status shows significant interest from QIBs, retail, and non-institutional investors.

Stocks to Buy: Cochin Shipyard, Mazagon Docks among 4 Defence Sector technical picks by Prabhudas Lilladher

Cochin Shipyards share price trading close to ₹1069 levels is also near 52-week highs seen recently. The target price of ₹1250 for Cochin Shipyard as per Parekh's technical thematic report, with a stop loss at ₹890, indicates almost 17% upside for the ...

Wall Street week ahead: Investors eye inflation data, Fed minutes after strong March jobs report

The inflation reading -- consumer price index (CPI) – for March and the minutes of Fed's March FOMC (Federal Open Market Committee) meeting will be released on April 10 · Economic events · Earnings · US markets last week.

Asian Business

Hexaware's CEO R Srikrishna Recognized at the Asian Business Leaders Conclave by The ...

... Asian Business Leaders Conclave for the second consecutive year. R Srikrishna's recognition as one of Asia's Most Promising Business Leaders yet ...
Business news to watch in 2024 - McKinsey & Company

Gautam Kumra: I am Gautam Kumra, Chairman of McKinsey Asia, and you're listening to the Future of Asia Podcast Series. The Asian century has begun.
Global Economy: Weak Asian factories take shine off China's rebound

Global Economy: Weak Asian factories take shine off China's rebound ... business confidence hitting an 11-month high. ... That means other Asian countries ...
HSBC's chairman Mark Tucker says Asia business spin-off 'will not happen' - Deccan Herald

Hong Kong: HSBC Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday a spin-off of its Asian business will not happen.

Asian Markets Trade Higher Despite Overnight Mixed Cues From Wall Street - YouTube

Asian markets traded higher following overnight gains on Wall Street after Fed Chair Jerome Powell reaffirmed his view of likely rate cuts this ...

International Business

China's factory activity expands at fastest clip in 13 months, Caixin PMI shows

China's manufacturing activity expanded at the fastest pace in 13 months in March, with business ... Business NewsNewsInternationalBusinessChina's ...
Zuckerberg richer than Musk for 1st time since 2020 - Times of India

International Business News: Mark Zuckerberg overtakes Elon Musk as the third-richest globally, with Musk slipping to fourth due to Tesla's stock ...
The Good Glamm Group forms JV with Serena Williams to launch beauty brand in US

International Business News: MUMBAI: The Good Glamm Group and global icon Serena Williams have entered into a Joint Venture, to launch the brand ...
Air Cargo demand rises by nearly 12% in February - Times of India

International Business News: Air cargo demand rose by almost 12 % in Feb as compared to Feb 2023, said airlines trade body, the International Air ...
International Business Machines Corporation's (NYSE:IBM) Intrinsic Value Is Potentially 47 ...

Key Insights Using the 2 Stage Free Cash Flow to Equity, International Business Machines fair value estimate is US$279...

Indian Business

Educational qualifications of Indian business tycoons | The Times of India

Indian business tycoons wield immense influence and power, shaping the nation's economic landscape. Icons like Mukesh Ambani, Azim Premji, ...
India is probably the third largest market for Citigroup's corporate banking business

In the Indian corporate banking scene, Citigroup's global head of corporate banking Jason Rekate highlighted the prominence of companies in ...
Adani Green Energy becomes first Indian company with 10000 MW renewable energy capacity

The company now has an operating portfolio of 10,934 MW, largest in India.
India emerges as a curious mkt in global restructuring of industrial majors | News

Linde Plc, Siemens, and GE are three such entities that have made changes to their global business structures in the past few years.
BBC restructures India business after tweaks in FDI rules for news digital media sector

The BBC has transferred its newsroom publishing licence in India to a private limited company, Collective Newsroom, marking a first for the ...

Odisha Business

Odisha registers 10.73% increase in gross GST collection during FY24 - Business Standard

Odisha has recorded a growth of 10.73 per cent in gross GST collection in the 2023-24 fiscal, a statement said on Monday.
Odisha's Paradip Port Authority outperforms, becomes India's premier cargo-handling port ...

Odisha. Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the ...
NALCO Achieves Highest-Ever Aluminium & Bauxite Production In FY 23-24 | Pragativadi

Bhubaneswar: National Aluminium Company Ltd. (NALCO), the flagship Navratna CPSE under Ministry of Mines, Govt. of India, and country's leading ...
Vedanta Aluminium expands alumina refining capacity - The Hindu BusinessLine

... company's aluminium plants in Jharsuguda (Odisha) and BALCO (Chhattisgarh). Also read:$3-bn debt reduction plan for Vedanta Resources. John Slaven ...
NTPC Darlipali Thermal Power Station in Odisha to use drones for pipeline inspection

The company has secured the deal for drone surveillance of the MUW piping system at the thermal power station for two years. The NTPC Darlipali Super ...

Management

Change management in business transformation - Process Excellence Network

Change management is therefore integral to succeeding in an ever evolving business landscape. Don't miss any news, updates or insider tips from PEX ...
Sebi's security management systems, ops control get ISO certification - Business Standard

The regulator has obtained the ISO/IEC 27001:2022 certification for Information Security Management System at the Primary Data Centre; Security ...
AXA and AWS Developing the First Global B2B Risk Management and Prevention Platform

April 3, 2024--AXA, a worldwide leader in insurance and asset management, and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company ...
NPS assets under management record 30.5% YoY growth in 2023-24

NPS assets under management record 30.5% YoY growth in 2023-24. Updated - April 05, 2024 at 01:53 PM. The buoyant equity markets and heightened ...
An integrated asset management data platform - IBM Blog

The complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition.

Asian Management

Global efforts needed to combat waste trafficking to Southeast Asia, new research by ...

 “In today's globalized world, waste management has become an increasingly pressing concern in which production, consumption habits, waste crime ...
Cambridge Associates looks to help investors tap into Asia's growing potential for building wealth

CEO David Druley discusses how Asian ... Asia for its discretionary portfolio management services, offering customised portfolios with professional ...
Singapore's Wealth Management Status Challenged - finews.asia

In the aftermath of the biggest money laundering case in Singapore's history, the country's reputation as the leading financial and wealth ...
Fidelity Asian Values Plc Announces Management Changes - MarketScreener

Fidelity Asian Values Plc announced the appointment of Lucy Costa Duarte as a non-executive Director of the Company with effect from 1 June 2024.
Asian
 PE and NAV Finance: Slow Progress from Talk to Action | News - Mayer Brown

Fund Finance. Industrien. Private Equity, Funds & Investment Management. Client Stories. mehr lesen. A Beautiful Collaboration · Client Stories ...

Banking

HDFC Bank advises customers to avoid NEFT transfers on April 1 - The Financial Express

HDFC Bank, NEFT transactions, financial year, banking sector, banks, bank holidays ... bank holidays, holidays, banksbanking sector, RBI, saturday, ...

SBI net banking, UPI down: State Bank of India net banking, YONO mobile app, UPI will be ...

SBI down on April 1: State Bank of India (SBI) has announced that the services of Internet Banking, Yono Lite, Yono Business Web & Mobile App, ...
RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian ...

RBI 90 Years: PM Narendra Modi commended the decade-long efforts of his government and the RBI, noting the profitability of the banking sector and ...
Banks, NBFCs must continue to give highest priority to quality of governance: RBI

The financial indicators of non-banking financial companies (NBFCs) are also in line with that of the banking system as per the latest available data.

NCR Voyix Says Open Banking Will Gain Wide Embrace in the US - PYMNTS.com

Shadi Saifan of NCR Voyix says open banking will expand in the U.S. as banks and FinTechs collaborate and standards develop around open APIs.

Finance 

Upcoming IPOs: 3 SME public issues and 6 new listings scheduled for primary market this week

Last week, Bharti Hexacom IPO opened for subscription to raise · Teerth Gopicon IPO opens for subscription on April 8, 2024 and closes on April 10, 2024. · The price band of the SME IPO has been fixed at ...

GE Power India stock spikes over 11.5% to hit 34-month high on ₹775 crore order win

GE Power India's stock reached a 34-month high with over 11% surge fueled by contracts from Jaiprakash Power Ventures. Since March 2023, the company's shares have seen a one-way surge, resulting in a massive gain of 254%.

Aditya Birla Fashion upper circuit: Aditya Birla Fashion shares jump 15% on proposed demerger of Madura Fashion

Post necessary approvals, the demerger will be implemented through an NCLT scheme of arrangement, and all shareholders of ABFRL will have identical shareholding in the newly formed entity, it added. Subsequent to the completion of ...

Wipro CEO Thierry Delaporte resigns: How are Wipro shares expected to open today?

Wipro share price will be in focus on Monday after the company announced that its CEO and MD Thierry Delaporte resigned from his position on April 6 and Srinivas Pallia will succeed him as the IT giant's new MD and CEO.

Bharti Hexacom IPO booked over 29 times on the last day of bidding process led by QIBs, NIIs. Check latest GMP

Bharti Hexacom, a major player in Rajasthan and North-East circles, operates under the brand Airtel, serving 27.1 million users in 486 census towns. The IPO subscription status shows significant interest from QIBs, retail, and non-institutional investors.

Logistics 

What's That? Logistics - Transport Topics

Logistics refers to the transportation and storage of goods within a supply chain. For example, freight brokers who coordinate with a carrier to ...


Bridging the gap: The vital role of logistics and warehousing in modern supply chains

Logistics encompasses the planning, implementation, and control of the movement of goods and services from point of origin to point of consumption.
Opinion: Need to leverage technology for India's logistics sector growth - ET Auto

India's Logistics Sector: The disproportionately high cost is a major challenge confronting the Indian logistics sector. This directly impacts the ...
Total Quality Logistics CIO Ryan Kean On Keys To Fostering Growth - Forbes

Total Quality Logistics, the second largest freight brokerage firm in North America with 2023 revenues of roughly $6.7 billion, ...

2024 Top 10 Supply Chain and Logistics Growth Opportunity Report - GlobeNewswire

This study captures the essence of the industry's trajectory toward a technologically advanced and resilient supply chain and logistics sector. It ...

 

Source of Information for this issue: Google alert accessed on 09th April, 2024
Knowledge Is Power. Be Informed, Be Knowledgeable, and Be Powerful.
Best Wishes Compilation
Rasmita Barik
Information and Documentation Division, Chanakya Central Library.
ASBM University, ShikshaVihar, Bhola, Barang, Khurda Road, Chandaka Bhubaneswar- 754012
Website: 
www.asbm.ac.in, Tel: 0674-2374832, 2374833, Email: Library@asbm.ac.in,
DrManashriNath, Librarian, Knowledge and Information Services Unit, Chanakya Central Library, ASBM UNIVERSITY Bhubaneswar. 
Library1@asbm.ac.inwww.asbm.ac.in

 

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