ASBM Business Updates Vol. 6(4) 13 Mar 2017, Monday from Chanakya Central Library, Asian School of Business Management , Bhubaneswar.

ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the links.

INDIA BUSINESS

Kotak Mutual Fund launches Go Digital

Kotak Mahindra Asset Management Company (KMAMC), in partnership with Optimum Fintech, has announced the launch of its "Go Digital" initiative that aims at enabling distributors to build their own website/mobile app.

"Go Digital is an open architecture platform that aims at assisting distributors in building their own website/mobile app. The distributor website will have capabilities like back office software, scheme factsheet, initiate transaction facility for all AMCs, fund recommendation and e-locker facility for document management," KMAMC said. 

"Distributor's investors can also login on the distributor website or app to view their portfolios and scheme details, check recommendation given by IFAs (independent financial advisors), access e-locker to manage documents and transact on their own," it said.

LOGISTICS

TVS Logistics arm acquires over 60% in UK-based SPC International

TVS Logistics, an integrated supply chain solution providers, has announced that its UK arm TVS Rico Supply Chain Services has acquired more than 60 per cent stake in SPC International, an Uxbridge UK-based company with an annual turnover of ₹165 crore.

The total investment by TVS Logistics for this acquisition and funding its future growth will be in excess of ₹100 crore.

The acquisition in the UK adds repair and parts supply to the company’s comprehensive list of end-to-end supply chain services for its customers worldwide, says a press release from TVS Logistics.

RETAIL

Amazon India gears up for 'farm-to-fork' agri-retail biz

Riding high on the big response coming from its e-grocery platform, Amazon India is planning big to set up its own "fully-integrated, farm-to-fork" direct online agri-product retailing and would look for getting required APMC (agricultural produce market committee) licences from the state governments. The e-market giant's application to directly e-tail agri-products in India is pending with the DIPP, which was filed last month.

"First, we are waiting for the DIPP nod. Once we get it, the next step would be to source agri-produce from the farmers. We are pinning hopes that we would get the required APMC (agricultural produce market committee) licence from the state governments. In foods business, our focus will be on efficient operations and looking after customer's obsessions which would result in a positive impact on the overall supply chain with fast and reliable delivery," Saurabh Srivastava, director (Consumables, FMCG) told TOI.

SUPPLY CHAIN

Davos CEOs 'go local’ on supply chain in Trump era

Business leaders in Davos, traditionally the high priests of globalisation, are talking up the benefits of local production this week to shield themselves from criticism from incoming US President Donald Trump. 

Elected on a jobs-focused "America First" platform, Trump has taken to Twitter to rebuke major companies like General Motors, Lockheed Martin and United Technologies , either for making goods in Mexico or for the price of their products. 

At this week's  World Economic Forum (WEF), a gathering of business and political elites in the Swiss Alps synonymous with free markets, company bosses said they were now preparing to adjust to the Trump era. 

"The basic message is to be more national, don't just be global," Richard Edelman, CEO of communications marketing firm Edelman, told Reuters. "Let's try and pre-empt that tweet by having a long-term discussion about the supply chain." 
_________________________________________________________________________
Source of Information for this issue: Google alert accessed on Mar 6, 2017

Knowledge Is Power. Be Informed, Be Knowledgeable, Be Powerful.


Best wishes
Compilation

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
www.asbm.ac.in
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