ASBM Business Updates is a Weekly
Selective Compilation of Business News from Various Sources. To find details
follow the links
Banking
Following rumours
that began circulating within London’s fintech community as far back as June,
digital-only or so-called ‘challenger’ bank Tandem has announced that it has signed an agreement to
acquire Harrods Bank, the banking arm of the U.K.’s most famous luxury
department store. Terms of the deal aren’t being disclosed, and the transaction
remains subject to regulatory approval.
Indian business landscape is likely to be influenced by trends like
artificial intelligence, automation and digital currencies in the second half
of this year, says a report. The Sanctum Wealth Management’s Mid-Year
Investment Outlook report for 2017, which identified key trends that are likely
to influence asset allocation decisions, noted that companies with disruptive
leadership will thrive.
(Adds CEO comments, details on international business (performance)WELLINGTON,
Aug 9 (Reuters) - New Zealand casino operatorSky City Entertainment Group
<SKC.NZ> reported a 69.2 percent slump in full-year net profit on
Wednesday after its international business took a hit from reduced numbers of Chinese
visitors after arrests involving its rival Crown Resorts <CWN.AX>.
Logistics
The Logistics Data Bank (LDB) project, unveiled in July
2016 to make India’s logistics sector more efficient through the use of
Information Technology, will soon expand operations to the country’s southern
region. So far, it had covered only the western logistics corridor.
Retail
·
Payless is set to emerge from bankruptcy as early as
Wednesday.
·
It will be banking on a strategy focused primarily on bricks-and-mortar
sales, as opposed to following the e-commerce trend.
·
Payless is seeking to position itself to compete in a tight U.S. market
and open more stores across Latin America and Asia.
Supply Chain
Change is a fact of
life, and supply chain seems to be in a state of revolution these days, with
technology in particular mixing things up. Some things, however, remain the
same. Here are 10 truths that you can count on for the long run.
Source of Information for this issue: Google alert accessed on August, 8th, 2017
Knowledge Is Power. Be Informed, Be Knowledgeable, Be Powerful.
Best wishes
Compilation
SK ABDUL GAFFAR
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,
SK ABDUL GAFFAR, 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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