ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the links.
ASIAN BUSINESS
Sard Verbinnen
& Co (“SVC”), a leading global strategic, financial and crisis
communications consultancy, today announced it has established a presence in
Asia with the opening of a full-service office in Hong Kong. The new office is
being led by Ron Low, a longtime Silicon Valley-based SVC partner who has
relocated to Hong Kong, and Rick Carew, formerly The Wall Street Journal’s Asia
Finance and Deals editor based in Hong Kong, who has joined SVC as a Managing
Director. SVC is already well established in Asia with large clients, including
Alibaba Group, Ant Financial, Didi Chuxing, Grab, HNA Group, Nikon, Takata,
SoftBank and Samsung, among others. The firm, which last year was ranked number
one by Mergermarket in North American for M&A deal volume, also has been
one of the top communications firms by transaction volume in Asia each of the
last several years.
INDIA
BUSINESS
Japanese
electronics and instrumentation major Hitachi High-Technologies Corporation has
announced its entry into the Indian solar market, in collaboration with
Mumbai-headquartered CleanMax Solar India. The two companies will “jointly
offer high-end rooftop solar solutions to Japanese companies across India.”
CleanMax
Solar’s Managing Director, Kuldeep Jain, told BusinessLine today that the MoU
is “the first step towards a long term partnership structure”.
At this
point in time, the two companies are operating on a “pre-agreed profit sharing
model,” Jain said.
The role
of Hitachi High-Tech in the partnership will include approaching Japanese
clients and supplying solar PV panels. The possibility of low-cost Japanese
financing has also been hinted at.
CleanMax
Solar specialises in setting up rooftop solar plants. It has set up over 200
plants, totalling over 80 MW. The company, founded in 2011, also works on ‘opex
model’, where it sets up the plant at its own cost on the customers’ roofs and
sells only the energy. Its customers include marquee names such as Tata
Communications, HCL, Nestle, Hines, SKF, Tata Coffee, Tata Motors, GE, HCL,
Pune University, Manipal Univesity, Mahindra World City, Konecrames and Bangalore
International Airport Ltd.
With this
experience, CleanMax brings to the table its expertise in developing, building
and maintaining solar projects in India, said Jain, an IIM-Ahmedabad alumnus
and a former McKinsey executive.
ODISHA BUSINESS
IT
services & outsourcing company Tech Mahindra has announced its plan to set up its third
campus in Odisha in 2018.
C P
Gurnani, managing director and chief executive officer of Tech Mahindra met Odisha chief minister Naveen Patnaik and
said work on the third campus would commence in 2018. Presently, the IT firm
has started work on its second campus. Gurnani also said Tech Mahindra would assist the state government in the
efforts made to promote start-ups in the state.
Earlier, Tech Mahindra had announced to scale up headcount at its
Bhubaneswar centre to 5,000. The headcount would be a mix of IT and ITes (IT
enabled services). The company also had an intent to set up a Business Process
Outsourcing (BPO) centre in the city. Tech Mahindra’s existing infrastructure
in Bhubaneswar can house about 3,000 employees. Its campus is spread over six
acres of land.
________________________________________________________________
Source of Information for this issue: Google alert accessed on May 29, 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
No comments:
Post a Comment