ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
ASIAN SCHOOL OF
BUSINESS MANAGEMENT
A 3-day Management
Development Programme (MDP) “Good Me Bad Me – A Personality Development Lab”
was organized from 26th to 28th February 2015 by Asian
School of Business Management (ASBM), Bhubaneswar at Hotel BNR Chanakya, Puri.
This MDP was facilitated by renowned management guru Prof. (Dr.) Biswajeet
Pattanayak. Many corporate executives from different companies throughout the
country attended this programme. Prof. Pattanayak conducted this training
programme focusing on new ways to improve their personality, stress management,
transactional analysis, management of interpersonal relationships and conflict
management strategies. He used new pedagogic methods to do the psychological
analysis of the participants and suggested individual development plans to them
for their further improvement. The programme was attended by senior executives
from Orissa Mining Corporation, Reliance, Reserve Bank of India, Odisha Power
Generation Corporation Limited, NALCO, MCL etc. The programme was smoothly
coordinated by Co-Facilitator Dr. Phalgu Niranjana.
BUSINESS
Seeking to curb the use of cash for high-value
transactions and check the flow of black money in the economy, the government
may make it mandatory to undertake certain transactions ? such as payment of
hotel bills beyond a specified limit.
"Several things are under consideration, for example incentivising banks ... you know there are transaction costs which government can perhaps share. But there are also otherwise, you know what I would say to disincentivise cash transaction, any expenditure by a person in a five star hotel above Rs 5,000 have to be settled using credit card, there can be also decisions like that," finance secretary Rajiv Mehrishi told reporters at a press conference on Monday.
Mehrishi's comments are just pointers to steps that may be offing as the final decision will be based on measures to be suggested by a committee that will come out with structures that can be put in place to encourage use of credit or debit cards. The statement comes two days after tough measures were announced in the budget to curb black money.
"Several things are under consideration, for example incentivising banks ... you know there are transaction costs which government can perhaps share. But there are also otherwise, you know what I would say to disincentivise cash transaction, any expenditure by a person in a five star hotel above Rs 5,000 have to be settled using credit card, there can be also decisions like that," finance secretary Rajiv Mehrishi told reporters at a press conference on Monday.
Mehrishi's comments are just pointers to steps that may be offing as the final decision will be based on measures to be suggested by a committee that will come out with structures that can be put in place to encourage use of credit or debit cards. The statement comes two days after tough measures were announced in the budget to curb black money.
BUSINESS
COMMUNICATION
Cable
TV services provider Ortel
Communications today closed its IPO by raising an
estimated Rs 140 crore, even as the shares reserved for high net-worth
investors and retail investors remained under subscribed.
The
IPO received bids for 71,23,125 shares against an offer of 94,42,575 scrips,
reflecting a subscription of 0.75 times, data available with the National
Stock Exchange showed. "The Ortel IPO has been successfully closed
today. Ortel has successfully raised its entire primary capital requirement as
stated in the IPO Red Herring Prospectus, along with providing partial exit to New Silk
Route (NSR)," Kotak
Mahindra Capital Company, the book running lead manager to the issue, said
in a statement.
"The
QIB (Qualified Institutional Buyer) segment has been fully subscribed with
participation from Mutual Funds and Insurance companies. The net under
subscription in the HNI and Retail segments will reduce the offer for sale
component by NSR," it added.
Ortel
entered the capital market with a public issue of up to 1.2 crore equity shares
of face value of Rs 10 each.
The
public issue includes anchor portion of 2,557,425 equity shares.
INSURANCE
The United States insurance industry has been anticipating —
or dreading — Google’s entry into insurance shopping for the better part of a
year. The wait is over.
On Thursday, the company announced
it was introducing a United States version of its Google Compare auto insurance
shopping site, which has been operating in Britain for two years. The site,
which is basically a search engine for insurance quotes, is the latest
entry into an increasingly crowded field of comparison-shopping sites that try
to sell auto and other kinds of insurance with side-by-side comparisons similar
to how Kayak sells hotels and flights.
The site will start in California and
focus on car insurance, Google said. Customers enter information like their
name and driver’s license number, and the site provides quotes in a few
minutes. If and when a customer buys, Google will collect a referral fee from
insurers.
“As Google Compare for car insurance
rolls out to more states, we’ll also be introducing ratings and reviews as well
as local agent support for providers with agent networks,” the company said.
________________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on Mar 9 , 2015
We
welcome your suggestions in improving this information updating service.
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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
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