ASBM Business
Updates is a Weekly Selective Compilation of Business News from Various
Sources. To find details follow the links.
ASIAN BUSINESS
The
all-new Prius hybrid vehicle marks the beginning of a new phase in Toyota Motor's
evolution, as it is the first model to be developed and produced under the
carmaker's new global business initiative.
The
latest version of the popular vehicle was officially launched in Japan on Dec.
9, but the event admittedly lacked in sensational value. After all, the model
was already unveiled in Las Vegas in September. It also made an appearance at
the Tokyo Motor Show, which was held just a little over a month ago.
Nevertheless,
new pieces of information, such as detailed specs, were released during the
launch event. One thing that drew industry watchers' attention was the level of
pre-orders.
"I
am afraid that the delivery of the A-grade configurations will be delayed until
April or May. We are working hard to shorten the delay, but we also implore our
customers to be patient," Executive Vice President Mitsuhisa Kato said
during the event.
Toyota
revealed that the average waiting time for the new Prius overall will be three
to four months, but that for the upper-range A-grade models will likely stretch
to four to five months.
The
main reason for the long delay is higher-than-expected demand. Since
starting to take pre-orders on Nov. 9, the company had pre-sales of roughly
60,000 vehicles by Dec. 6.
ASIAN SCHOOL OF
BUSINESS MANAGEMENT
Asian School of Business Management (ASBM), Bhubaneswar
conducted Entrepreneurship Skill Development Workshop on 10th 11th and
12th Dec 2015 at ASBM Campus in collaboration with Utkal Chamber of
Commerce and Industries and WTC, Bhubaneswar. The Bhubaneswar chapter of
The Indus Entrepreneurs (TiE), mentor
partner associated with ASBM in guiding the startups for
future venture with institutional partners Entrepreneurship Cell of IIT
Kharagpur and Centurion University. It was the sincere effort from
the Coordinator of EDC cell Prof.Dr.Saikat Gochhait in designing
the workshop to assist students with rural background from different
institutes like Centurion
University, Affinity B School, KIIT and ITER and Startups
considering starting their own business or have started and are looking to
connect with like-minded entrepreneurs and ways to improve on their
business plans. It covered three basic themes on Tourism, Agri-Business and
Service as a major plus for the workshop attendees of rural At the
inauguration of the workshop with floral speech by Shri.Debasish Biswas
, Country Head of Chartered Institute of Accountant Management focused on
“Students need to focus on the out of box thought process in creating long
term enterprises”
BANKING
The
technology that drives the shadowy cryptocurrency bitcoin is drawing interest
from the established banking industry, which sees a potential to revolutionize
the sector.
Although
bitcoin and related virtual currencies are limited to a small set of
transactions and are often associated with the underground economy, the
so-called blockchain technology is gaining currency in the financial world.
A
blockchain is essentially a shared, encrypted "ledger" that cannot be
manipulated, offering promise for secure transactions that allow anyone to get
an accurate accounting of money, property or other assets.
"The
blockchain, which is the technology behind the encryption and e-certification,
that is a technology which might very well be very useful," said Jamie
Dimon, chairman and chief executive of JPMorgan Chase at a conference earlier
this year.
Leah
Gerstner, a vice president for public affairs at American Express, said the
financial group made its first investment in a digital currency company called
Abra "as a way to get a better understanding of blockchain technology and
explore its potential."
LOGISTICS
India's largest e-commerce firm Flipkart will offer logistics services to smaller e-commerce firms and retail
outlets by March.
Binny Bansal, co-founder, who heads logistics, is driving the initiative for third-party customers. Flipkart, which is investing $2.5 billion (Rs 16,500 crore) to strengthen its logistics infrastructure such as warehouses and delivery fleet, is engaging with online as well as offline firms for the initiative. "Our scale and technology in operations will allow us to open the services to all companies, both large and small," Flipkart said in an e-mail response.
The firm has been actively expanding its logistics network and infrastructure over the past few years. In September, Flipkart had bought back its logistics arm from WS Retail, a unit it had hived off in 2012. It has an in-house logistics arm named eKart.
Binny Bansal, co-founder, who heads logistics, is driving the initiative for third-party customers. Flipkart, which is investing $2.5 billion (Rs 16,500 crore) to strengthen its logistics infrastructure such as warehouses and delivery fleet, is engaging with online as well as offline firms for the initiative. "Our scale and technology in operations will allow us to open the services to all companies, both large and small," Flipkart said in an e-mail response.
The firm has been actively expanding its logistics network and infrastructure over the past few years. In September, Flipkart had bought back its logistics arm from WS Retail, a unit it had hived off in 2012. It has an in-house logistics arm named eKart.
_______________________________________________________________
Source of
Information for this issue: Google alert accessed on Dec 21, 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
Sabita Sahu
Asst Librarian
Information and
Documentation Division, Chanakya Central Library
Asian School of
Business Management
Shiksha Vihar Bhola,
Barang Khurda Road,
Chandaka
Bhubaneswar-754012
Tel:0674-2374832, 2374833
E-mail:library@asbm.ac.in, 
Sabita Sahu, Asst 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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