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ASIAN
SCHOOL OF BUSINESS MANAGEMENT
Asian School of Business Management celebrated its 8th
Annual Day “Moorchhana” by organising a blood donation camp in its campus for
its students, faculty and employees.
Gracing the programme as the Chief Guest Hon’ble MP Prof.
(Dr.) Prasana Kumar Patasani appreciated ASBM’s quality education and opined
that it should soon become the first Management University of the country.
Speaking on the occasion Additional DG Police Shri Bijaya Kumar Sharma
spoke about crime management. Prof. Ashok Kumar Das, Vice-Chancellor, Utkal
University appreciated the idea of celebrating an annual day by
organising activities for social development. He described ASBM as a Centre of
Excellence and expressed the hope that one day it would surpass the IIMs for
its adherence to the tenets of excellence.
The Director of the institute Prof. Biswajeet Pattanayak
informed about the achievements of ASBM during the last eight years and
conveyed his gratitude to the students and their parents for national and
international accreditation awarded to ASBM. The Dean Prof. Kalyan
Shankar Ray introduced the guests and the Chairman, Students’ Affairs Prof.
Bhakta Bandhu Dash proposed the vote of thanks. The programme was
anchored by student co-ordinator Khusbu Agrawal.
On this occasion, prizes were given away to the winners of
different management oriented competitions. Shri K. Chandrasekhar and
Shri Prafulla Maharana were felicitated as the best employees of the institute.
BANKING
Continuing
with its Hindi overdrive, the home ministry has asked finance
ministry to ensure that all netbanking web portals and mobile banking applications
of nationalised banks are offered in Hindi apart from English, while e-mails
and SMS alerts are sent to customers in Hindi as well.
ET
has accessed a letter written to financial
services secretary Hasmukh Adhia by home
minister secretary (Official Languages) Nita Chowdhury on November 17,
listing out a fivepoint agenda for implementation. Chowdhury has said banks
offer various types of computerised services but the use of Hindi in the same
is "not as desired".
The
home ministry first and foremost wants ATM machines to print receipts in Hindi
apart from English. It also wants option for customers to work in Hindi on
internetbanking web portals. The home ministry has also pointed out that mobile
banking applications are not available in Hindi and it also needs to be ensured
that e-mails and SMS alerts sent to customers by banks should be in Hindi as
well.
BUSINESS
eBay
India, one of the earliest online marketplaces in the country, has slipped
behind both Flipkart
and Amazon on revenues from seller commissions as its two rivals along with Snapdeal have
been aggressively pushing sales with big discounting events and high-decibel
marketing.
eBay India
posted revenues or income of Rs 107 crore calculated on commission earned from
sellers along with advertising revenues for fiscal 2013-14, according to its
annual filing to the Registrar of Companies. n comparison, Amazon Seller
Services posted revenues of Rs 169 crore and Flipkart Internet that manages the
portal reported income of Rs 179 crore. A year earlier, eBay's revenue was Rs
81 crore while Flipkart trailed with Rs 15.4 crore.
These
numbers are not sales from actual goods sold on their portals but are
transaction and listing fees from the sellers as well as advertising revenue
which is the actual revenue of e- commerce sites. eBay declined to comment on
its financials.
While
eBay and Amazon don't disclose income from merchandise sales, Flipkart India,
the website's wholesale arm, said sales more than doubled to Rs 2,846 crore in
the year ended March 2014, against Rs 1,180 crore in the previous year.
INDIA
BUSINESS
Google
has launched 'Google My Business' app to help small and medium businesses
(SMBs) of Rajasthan access their potential customers online.
The
new and simple-to-use product has been designed to work across both desktop and
mobile devices and will help the businesses to create and update their business
info on Google Search, Maps and Google+ from one place for free both in English
and Hindi, Suryanarayana Kodukulla, Head of SMB Sales, Google India said.
"Jaipur
in among top 15 cities which contribute to 60 percent of SME business but still
their online presence is quite low. Google's product will help them increase
their online presence and get discovered by their potential clients," he
said.
"The
business owner can download a free app from the Google Play store and can
update details like contact information, pictures and map which will be
displayed in Google search," he said.
Kodukulla
said the app was launched recently and has received a good response.
"The
initial response is good," he said.
"India
already has over 250 million Internet users and is set to overtake US by reaching
350 million Internet users but small medium businesses in India have been slow
to adopt the Internet. As per an estimate, only 5-6 percent SMBs have a
website," he said, adding the lack of awareness for the use of internet a
"challenge needed to be addressed properly".
LOGISTICS
The
Narendra Modi government’s plan to introduce the goods and services tax (GST)
will allow the automobiles, logistics and entertainment sectors to reap a rich
dividend from the rollout targeted for next year. But for petroleum, the wait
will be longer as it is not been included in the GST framework.
The GST Bill is expected to be tabled by the government in Parliament after the Cabinet cleared it on Wednesday. Analysts and corporate tax experts said under the GST, the cumulative duty rates on large cars and sports utility vehicles would fall from 41-41 per cent to 20-24 per cent, making these the biggest beneficiaries of the rollout.
For some segments of the automobile industry like tractors, which are exempted from excise duty but pay four per cent value added tax, the GST rate will increase to 12 per cent. Overall, Mahindra & Mahindra would be a beneficiary because the company earned 25 per cent of its revenue from sports utility vehicles, analysts said. (IN A NUTSHELL: GST IMPACT)
The GST Bill is expected to be tabled by the government in Parliament after the Cabinet cleared it on Wednesday. Analysts and corporate tax experts said under the GST, the cumulative duty rates on large cars and sports utility vehicles would fall from 41-41 per cent to 20-24 per cent, making these the biggest beneficiaries of the rollout.
For some segments of the automobile industry like tractors, which are exempted from excise duty but pay four per cent value added tax, the GST rate will increase to 12 per cent. Overall, Mahindra & Mahindra would be a beneficiary because the company earned 25 per cent of its revenue from sports utility vehicles, analysts said. (IN A NUTSHELL: GST IMPACT)
MARKETING
Oracle
on Monday said it acquired Datalogix, which provides digital marketing data as
a service. The deal complements Oracle's acquisition of BlueKai and rounds out
its digital marketing suite.
Terms of the deal
weren't disclosed, but for Oracle Datalogix is a stocking stuffer that gives it
yet another pillar to offer data as a service and another cloud product to
sell.
Datalogix
connects offline consumer spending data with digital marketing efforts. The
idea is to track advertising, how it influences a consumer and the ultimate
returns. Datalogix, which has more than 650 customers, has 1,500 data partners
that track $2 trillion in consumer spending. Lenovo, Twitter, Ahold, Kraft and
Ford are among Datalogix's customers.
Oracle's
master plan is to take Datalogix and combine it with other parts to create a
data cloud that can be used to better target digital marketing campaigns.
Oracle on its most recent earnings call talked up the cloud as well as its
plans to offer infrastructure-, platform-, software- and data-as-a-service.
ODISHA
BUSINESS
The Odisha government has constituted two panels, state
committee and state apex committee, for smooth and effective implementation of
the Digital India programme.
The eight member state committee will function under the chairmanship of the chief minister for providing overall vision, broad policy direction and guidance for implementation of the new initiative at the state level. Apart from the chief minister, ministers of five departments namely, finance, information technology, revenue and disaster management, housing and urban development and information & public relations are the members of the state committee. While chief secretary is a member of the team, IT secretary is the member convener.
Similarly, the chief secretary will head the state apex committee. This committee has 17 members with IT secretary as the member convener. Among others, development commissioner, secretaries of ten departments, director general of National Informatics Centre (NIC) are the members of the team.
The eight member state committee will function under the chairmanship of the chief minister for providing overall vision, broad policy direction and guidance for implementation of the new initiative at the state level. Apart from the chief minister, ministers of five departments namely, finance, information technology, revenue and disaster management, housing and urban development and information & public relations are the members of the state committee. While chief secretary is a member of the team, IT secretary is the member convener.
Similarly, the chief secretary will head the state apex committee. This committee has 17 members with IT secretary as the member convener. Among others, development commissioner, secretaries of ten departments, director general of National Informatics Centre (NIC) are the members of the team.
________________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on Dec 22 , 2014
We
welcome your suggestions in improving this information updating service.
Knowledge
Is Power. Be Informed, Be Knowledgeable, Be Powerful.
Best wishes
Compilation
Sabita
Sahu
Junior
Librarian
Concept,
Layout and Editing
Syamaghana
Mohanty
Chief
Librarian
Information
and Documentation Divison, 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, chieflibrarian@asbm.ac.in
Sabita Sahu :Junior 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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