ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources.
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Banking
The Centre
has stepped in to play down the panic triggered by a possible cash crunchsituation across India. While initial reports suggest that
the Rs 2000 notes are vanishing from the ATMs, the Centre on Tuesday said that
there is an acute shortage of Rs 500notes and that it will take about a week to shore up the
supply.
Business
NEW DELHI: In many states including Karnataka, Maharashtra, Andhra
Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana, the ATMs are
either not working or are out of cash. People all across India including Delhi are tweeting about
it. The reports of cash crunch at ATMs have brought back memories of November
2016, when Prime Minister Narendra Modi, in a midnight announcement said old
notes of Rs. 500 and Rs. 2000 will be
scrapped.
International Business
CHICAGO, April 17, 2018 /PRNewswire/
-- Tripp Lite, a world-leading manufacturer of power protection and connectivity
solutions, welcomes Bryn Morgan as the Vice President of International Business. He
will assume the former responsibilities of Shane Kilfoil, who was promoted to Senior Vice President of Global Sales.
Logistics
ZURICH, April 20 (Reuters) - Transport firm Ceva Logistics aims to
launch on the Swiss stock exchange on May 4, setting a wide price spread for
its bookbuilding amidst uncertain market conditions. Ceva Logistics, owned by
private equity firm Apollo, aims to raise 1.2 billion Swiss francs ($1.23
billion) in an all-primary share offering and on Friday set a price range for
its bookbuilding between 27.5 and 52.5 Swiss francs per share
Source of Information for this issue: Google alert accessed on April 23,2018
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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