ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the links
Banking
MUMBAI: The Indian banking system continued to witness the
bad loan pain with 26 banks together reporting gross-non-performing assets of
more than Rs 7.31 lakh crore a rise of Rs 2.5 lakh crore over the corresponding
period last year.
Finance
Feel like
you're being robbed blind by high fuel prices? Petrol price has touched a record high of Rs 76.87 per litre and diesel
climbed to its highest ever level of Rs 68.08. Petrol was the costliest in
Mumbai where high local taxes led to a price of Rs 84.40 per litre. Diesel was
also the costliest in Mumbai at Rs 72.48, according to news agency IANS.
Indian Management
Dundee Mutual Fund. Does it ring a bell? If it does, you’ve
probably spent years in the asset management industry. Else why would anyone
remember a Canadian investment management firm that set up shop in India in
1999, launched a handful of schemes, raised about Rs 20 crore, sponsored the
rowing team, tried investment business — failed miserably — wound up its India
business and flew back to the Great White North — all in less than four
years!
Retail
"The e-commerce retail logistics market is valued at $35
billion in 2018, and is projected to witness a growth of 36 per cent in the
coming five years," said a joint report by KPMG and CII.
Source of Information for this issue: Google alert accessed on May 28,2018
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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