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
The students of
Post Graduate Diploma in Management (PGDM) have maintained their old record by
achieving hundred percent campus placement this year. 29 well known companies
of the country participated in the recruitment process and have given offer
letters to the students. These companies include ITC, Asian Paints, Berger
Paints, Colgate Palmolive, Karvy, Ceasefire, Future Group, GATI, Reliance
Securities, Reliance Communication, Spandana Sphoorty, Axis Bank, SBI Life
Insurance, Bisleri, ICICI Securities, Vodafone, Ventura Securities, Collabera,
HR Mantra, Chandan Steel, Shoppers Stop, India Infoline etc.
Anshuman Patra, a
graduating student placed in Berger Paints, says, “ASBM has taught us not to
compete with others but with our self. We in ASBM believe that genius is not
out of luck but out of habit”. Similarly Aliva Rout, placed in SBI Life
Insurance Company Ltd. says, “I am grateful to ASBM and the Placement team for
being a constant source of inspiration that pushed me towards excellence. ASBM
has contributed so much for making me bold and confident to overcome my stage
fear. It has been a fun loving but a learning experience at ASBM”
INDIA BUSINESS
With
a large segment of Indian consumers shifting to non-carbonated beverages from
regular cola drinks, beverage and food giant PepsiCo is preparing to grab a share of the changing market
fuelled by consumer habits.
The first move towards this direction is its decision to roll out 7UP Nimbooz Masala Soda nationally this summer.
“We’ll take 7UP Nimbooz Masala Soda national this year. If not everywhere, it would be available across large parts of the country this summer,” says a senior official at PepsiCo, who wished to remain anonymous. However, it may happen in phases throughout the year. asala soda or ‘Banta’ in certain parts of the country, traditionally sells in hand-pushed carts or stalls (and is a beverage made by mixing soda and cool, spiced lemon water). The 7UP Nimbooz version was tested by the American beverage giant since 2012 in different parts of India.
According to market sources, the company is also working on several other traditional Indian beverages that may hit retail shelves for test marketing over the next few months.
Local flavours in packaged beverages has largely been populated by small local brands with the exception of lime and lemon drinks where both Coca-Cola and Pepsico have well-backed entries.
The first move towards this direction is its decision to roll out 7UP Nimbooz Masala Soda nationally this summer.
“We’ll take 7UP Nimbooz Masala Soda national this year. If not everywhere, it would be available across large parts of the country this summer,” says a senior official at PepsiCo, who wished to remain anonymous. However, it may happen in phases throughout the year. asala soda or ‘Banta’ in certain parts of the country, traditionally sells in hand-pushed carts or stalls (and is a beverage made by mixing soda and cool, spiced lemon water). The 7UP Nimbooz version was tested by the American beverage giant since 2012 in different parts of India.
According to market sources, the company is also working on several other traditional Indian beverages that may hit retail shelves for test marketing over the next few months.
Local flavours in packaged beverages has largely been populated by small local brands with the exception of lime and lemon drinks where both Coca-Cola and Pepsico have well-backed entries.
LOGISTICS
To
strengthen its delivery network in the country, online marketplace Snapdeal has
entered into a strategic partnership with GoJavas. But some media reports have speculated that Snapdeal is looking to buy a
small stake in the logistics firm for a deal amount of Rs 150-200 crore.
However,
GoJavas refuted the story and said in response to an email query sent by
iamWire, “Gojavas and Snapdeal have entered into a strategic partnership. We
would like to clarify that this is not an acquisition or buy out as reported in
some of the newspapers.” GoJavas was previously the logistics arm of
online fashion retailer Jabong before being spun off into a separate entity.
GoJavas
is an Indian supply chain solution provider that works with e-commerce firms
like HealthKart, Jabong, LensKart, and Yepme, covers over 2,500 pincodes in the
country. The company claims to be present in 100+ cities in India and is
expanding rapidly. The firm was also looking to raise Rs 240 crore from PE players to
fund the company expansion plans. It had also raised its authorized capital
from a lakh rupees to Rs 2 crore in November 2014.
Apart
from this, Snapdeal is also looking to acquire FreeCharge,
an online mobile recharge & utility bill payment company, for a deal
amount of Rs. 2,800 crore. The firm is in talks with China’s Alibaba and Taiwan’s Foxconn to secures $1 billion at a valuation of
$6-7 billion and also it is negotiating to buy advertising media Komli Media
for $300 million. Also, it plans to make five more acquisitions in the
mobile and analytics space, over the course of upcoming fiscal.
ODISHA
BUSINESS
Iron ore pellet maker KIOCL, which is awaiting response from Odisha government to set up a pellet plant in the state,
today said, it is ready to invest in pelletisation projects at any location.
“KIOCL is a cash rich organisation. It has a cash surplus of Rs 2,000 crore and is a dividend paying company. So there is no dearth of resources (to invest in pellet making projects),” said said Malay Chatterjee, chairman-cum-managing director (CMD) of KIOCL.
The Ministry of Steel undertaking has been operating a 3.5 million tonne per annum (MTPA) pellet plant at Mangalore since 1986. However, due to sharp fall in international iron ore prices and mineral crunch in domestic markets, it suspended operations at its plant last year and has been scouting for resources to establish pellet plants across the country. It has shown interest to develop pellet plants for NMDC and Steel Authority of India Ltd (SAIL). In 2012, it had proposed to set up a 1.2 mtpa pellet plant and 2 mtpa beneficiation plant at a cost of Rs 1,000 crore jointly with Odisha Mining Corporation (OMC), which has several million tonnes of iron ore fines lying at its mining sites. However, it is yet to make any progress on the proposal.
“KIOCL is a cash rich organisation. It has a cash surplus of Rs 2,000 crore and is a dividend paying company. So there is no dearth of resources (to invest in pellet making projects),” said said Malay Chatterjee, chairman-cum-managing director (CMD) of KIOCL.
The Ministry of Steel undertaking has been operating a 3.5 million tonne per annum (MTPA) pellet plant at Mangalore since 1986. However, due to sharp fall in international iron ore prices and mineral crunch in domestic markets, it suspended operations at its plant last year and has been scouting for resources to establish pellet plants across the country. It has shown interest to develop pellet plants for NMDC and Steel Authority of India Ltd (SAIL). In 2012, it had proposed to set up a 1.2 mtpa pellet plant and 2 mtpa beneficiation plant at a cost of Rs 1,000 crore jointly with Odisha Mining Corporation (OMC), which has several million tonnes of iron ore fines lying at its mining sites. However, it is yet to make any progress on the proposal.
RETAIL
Yes Bank, the
country's fourth-largest private sector lender by assets, aims to increase the
proportion of retail deposits on its books to 60 per cent in three years as it
expands its appeal to consumers to take on its bigger rivals.
The
bank, one of India's newest, has previously focused on providing loans and
deposits for wholesale clients and businesses. But a senior executive said that
would change as it expands its branch network and launches new products. "India
is a consumption story. Retail will remain a very important play there," Pralay Mondal,
senior group president of retail and business banking, told Reuters.
"Obviously,
our wholesale franchise will continue to do well. But the scale you can get in
retail; we will also leverage
that."
Yes
Bank's retail deposits, including low-cost current and savings accounts (CASA),
contributed about 45 per cent to total deposits in the past quarter. That is
more than double a level of 20 per cent three years ago, Mondal said.
Total
deposits have grown 17-18 per cent over the three years but Yes Bank's CASA ratio, at nearly
23 per cent, is lower than those of its rivals and the bank aims to lift the
ratio to 30 per cent in the near future, Mondal said.
Loans
to retail and small businesses account for a little more than a quarter of its
total portfolio.
_______________________________________________________________
Source of
Information for this issue : Google alert accessed on Google alert on Mar 23 & 24 , 2015
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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