Tuesday, August 1, 2023

ASBM University Business Updates Vol.10(88) 01th August, Tuesday, from Chanakya Central Library, ASBM University, Bhubaneswar

ASBM University Business Updates Vol. 10(88) 01th August, Tuesday, from Chanakya Central Library, ASBM University, Bhubaneswar.

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

Banking

Bank Holidays August 2023: Banks to remain closed on these days. Full list here | Mint

Out of these, banks will be shut on all Sundays as well as second and fourth Saturdays. The Reserve Bank of India (RBI) has placed the holidays under ...

Bank holidays in August 2023: Banks to be closed for 14 days in August, here's the state ...

There are state-specific bank holidays, as well as others when all banks in the country are closed. Banks will be closed countrywide on August 15 ...

Federal Bank, Canara Bank: 2 Jhunjhunwala banking bets to share Q1 results today. Analyst views

Federal Bank may report 30.4 per cent jump in profit at Rs 783 crore, said Kotak Institutional Equities. It sees NII rising 21.8 per cent YoY to ...

RBI imposes curbs on National Coop Bank, the Bengaluru bank founded by a Gandhian

The Reserve Bank of India (RBI) has imposed restrictions on The National Cooperative Bank, one of Bengaluru's oldest institutions, ...

About 80% of ₹2,000 notes back in banking system as of 30 June: FinMin | Mint

New Delhi: Around six weeks after the Reserve Bank of India (RBI) decided to withdraw ₹2,000 currency notes, 77% of them have returned to the ...

 Finance

 Bank of Japan, in Surprise, Signals a Move Away From Easy Money

The surprise move was the latest signal that the country may revise its longstanding commitment to cheap money, meant to spur Japan's sluggish economic growth, as rising interest rates abroad have driven up inflation and weakened the yen.

 What to expect from the Fed's decision on rates

But there's still the very real risk of US consumers simply accepting higher prices if inflation's defeat stalls for too long, making a case for one more rate hike. And if there's one thing the Fed doesn't want to do, it is to give financial markets any ...

 What does the UPS-Teamsters deal mean? Who won? And what's next?

If they vote no, a strike is still a very real possibility. That could bring millions of package deliveries to a grinding halt, upend only recently recovered supply chains and knock the US economy for a loop.

 Volkswagen invests $700 million in Chinese EV maker Xpeng to boost sluggish sales

Volkswagen has bought nearly 5% of Chinese electric vehicle maker Xpeng for $700 million and agreed a strategic partnership to develop two new models as it attempts to reverse a decline in sales in the world's biggest car market.

 European markets lower ahead of busy earnings week, ECB meeting

The pan-European Stoxx 600 were down 0.3% in early deals Monday, with all major bourses and the majority of sectors trading in negative territory. Banking stocks led losses, dropping 0.8%, while telecom stocks were a rare outlier, adding 0.6%.

 Insurance

LIC Jeevan Kiran life insurance policy: Maturity benefit, how to apply online, premium ...

A non-linked, non-participating, individual, savings, life insurance.” plan. This plan has differential premium rates for Smoker/Non-Smoker lives.

 New car insurance plan: File single claim for multiple chips, scratches, minor losses anytime

Add-on covers are usually additional benefits that you can add to your comprehensive car insurance policy by paying an extra amount.

 SBI Life Insurance Q1 results: Net profit rises 45% to Rs 381 crore - Moneycontrol

SBI Life Insurance Company on July 25 reported a net profit of Rs 381.04 crore for the April-June quarter of FY24, up by 45 percent from Rs 263 ...

 

Top five common insurance complaints in India and how to resolve them - Moneycontrol

From delays in claim settlement to unfair terms and poor customer service, policyholders face a number of issues with their insurance service ...

 LIC Jeevan Kiran (Plan 870): New Term Insurance Plan - Premium Calculation, Eligibility, Benefits

LIC Jeevan Kiran (Plan 870): The Life Insurance Corporation of India (LIC) has launched a new plan named Jeevan Kiran.

 Retail

Sebi trashes reports of plans to curb retail participation in derivatives segment

Moneycontrol

Referring to the media reports, it said that there is “no proposal to curb retail participation in derivative markets”.

SEBI Considering Easier Risk-Based Approach For On-Boarding Retail F&O Investors

"There is no proposal to curb retail participation in derivative market," SEBI said. On average 2.8 million retail investors traded in the F&O market ...

 SEBI seeks curbs to limit retail investors' derivatives risk: Report - The Economic Times

With Indian share prices near record highs, drawing increased retail investor interest, the regulator is concerned smaller players could suffer ...

 RVNL shares extend decline after OFS update; retail investors can bid today

The two-day OFS saw a strong start, as the quota reserved for non-retail investors got 2.73 times subscription on the Day 1. Retail investors are ...

 Qatar sovereign fund may invest $1 billion in Reliance Retail; RIL shares jump 2%

Qatar's sovereign wealth fund is in talks to buy stake in Reliance Retail and is said to be considering a $1bn investment giving it a stake of ...

 Logistics

Mahindra Logistics Q1 Results: Firm reports Rs 9 crore loss - The Economic Times

"In Q1 FY24, we continued focusing on customer growth and expanding margins across integrated logistics & mobility solutions.

 Yellow in Talks to Sell Its Logistics Business - WSJ

Trucking company Yellow said it is in talks with multiple parties about selling Yellow Logistics as the financially ailing operator seeks to raise ...

 Coal ministry developing logistics policy for the sector, national coal evacuation plan

India's coal ministry is developing a logistics policy and national coal evacuation plan to reduce costs, according to an official statement.

 Zeal Global Services IPO: Air cargo logistics company ZGSL sets sights on SME IPO | Mint

The company, a leading player in the air cargo logistics industry, has seen significant growth in recent years and aims to raise 36.46 crores ...

 Global logistics new round up: Hellmann, Röhlig, Resilinc - Supply Chain Digital

Hellmann Worldwide Logistics joins Pharma-Aero platform; Röhlig appoints Albrecht as sea freight chief; Supply chain disruption slowing, ...

 Business

 Facebook parent Meta predicts strong quarterly revenue fuelled by digital ad growth, shares rally

After surpassing the market expectations, Facebook owner, Meta Platforms witnessed an 11% rise in its revenue to $32 billion in the second quarter. The company has predicted an upbeat third-quarter revenue above market expectations.

 What Higher Interest Rates Mean for Mortgages, Credit Cards and More

The Federal Reserve is expected to raise interest rates on Wednesday, the latest in a series of increases that have squeezed the budgets of debt-laden Americans, while rewarding those with money to stash in savings. The Federal Reserve has already ...

 GM shares fall as automaker outlines new cost-cutting drive

DETROIT, July 25 (Reuters) - General Motors (GM.N) is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted pre-tax profit and margins in its key North American market fell from the first quarter, ...

 UPS Reaches Tentative Deal With Teamsters to Head Off Strike

United Parcel Service announced Tuesday that it had reached a tentative deal on a five-year contract with the union representing more than 325,000 of its U.S. workers, a key step in averting a potential strike next month.

 Wall Street climbs ahead of Big Tech results, Fed rate hike

GE, 3M up on strong full-year profit forecasts · RTX shares tumble on Pratt & Whitney jet engine problem · US consumer confidence rises to two-year high in July · Indexes up: Dow 0.20%, S&P 0.30%, Nasdaq 0.69%.

 Business Management

 What is a business administration | Full Guide

Business administration is the process of managing and coordinating diverse business operations for a company or organisation. It involves supervising ...

 The Power Of Brand Management: Unlocking Success In The Modern Business Landscape

In today's fast-paced and highly competitive business environment, brand management has emerged as a crucial discipline for organizations across ...

 Here's Why Business Leaders Need Multiple Crisis Management Plans - Forbes

... into a false sense of security about their readiness to respond to a crisis by assuming their company needs only one crisis management plan.

 Hitachi Payment Services to acquire cash management biz of Writer Corp - Mint

Hitachi Payment Services said the acquisition will transform its market standing by integrating the cash management business into its overall ...

 Business Management And Financial Management - Indie Shuffle

Business Management And Financial Managementthe stock market 2023who invested ... To avoid further regulatory scrutiny, the company added that the ...

 International Business

Why International Business Machines Corporation (NYSE:IBM) Could Be Worth Watching

Let's talk about the popular International Business Machines Corporation ( NYSE:IBM ). The company's shares saw a...

 Winning business: Faster decision-making on tech deals in Dubai, CEO says

International Business News: Kissflow which competes with the likes of Microsoft, Salesforce, Zoho, Mendix and Airtable – inaugurated its Dubai ...

 FIVS: The International Business Climate and the Sustainability of the Wine Sector

By Bennett Caplan I am pleased to introduce my colleague, Bennett Caplan, head of secretariat for FIVS, which is essentially the international ...

 Why All US F-1 International Students Should Consider the EB-5 Green Card Program

International Business News: The GCC's leading immigration advisory firm, Step Global, headed by MD and U.S. Lawyer Preeya Malik, is offering free ...

 International Business Machines (NYSE:IBM) shareholders notch a 10% CAGR over 3 years ...

International Business Machines (NYSE:IBM) shareholders notch a 10% CAGR over 3 years, yet earnings have been shrinking · Investors can buy low cost ...

 Indian Business 

Indian companies can directly list in GIFT IFSC, says FM Nirmala Sitharaman

Says government's vision for GIFT IFSC transcends the realm of traditional finance and ventures · The government has permitted Indian companies to ...

 Indian companies will soon be allowed to directly list their shares overseas: FM Sitharaman

The direct overseas listing will allow Indian companies to access foreign funds on various exchanges overseas. “A direct listing of securities by ...

 Govt. allows Indian companies to list on foreign exchanges through IFSC - The Hindu

Union Finance & Corporate Affairs Minister Nirmala Sitharaman on Friday said that Indian companies can now directly list their shares on foreign ...

 10 things Indian businesses adopting AI solutions should know, according to Zendesk RVP

What Indian Businesses need to know about AI Zendesk is a San Francisco-based technology firm that specialises in software-as-a-service products ...

 Indian companies will soon be permitted to directly list securities overseas, says Finance Minister

"The government has taken a decision to enable direct listing of listed and unlisted companies on the IFSC exchanges," Finance Minister Nirmala ...

 Asian Business

Gen V K Singh inaugurates New Session of Asian Business School - ANI News

Noida (Uttar Pradesh) [India], July 24: Asian Business School (ABS) welcomed a new batch of enthusiastic young students for the Post Graduate ...

 GIFT Nifty down 37 points: Asian markets, crude oil prices, dollar movement, Q1 results & more

Asian stocks down in early trade, US Stocks settled mixed. Q1 earnings of RIL, ICICI Bank, Kotak Bank, Tata Steel at focus. Domestic equity markets ...

 Asian shares mostly weaker as markets mull Fed rate rise | Zee Business

Asian markets were trading mostly weaker on Wednesday ahead of the ... in shares of technology, materials and communication services companies.

 GIFT Nifty down 19 points: Asian markets, crude oil prices, dollar movement, Q1 results & more

Asian stocks were up in early trade, US stocks settled higher overnight. Domestic stock indices may see a tepid start to Tuesday's session amid a lack ...

Asian Paints Quarterly Results for Q1FY24 - ICICI Direct

Bath Fittings business: Sales decreased by 28.2% to Rs 84.7 crore from Rs 118.0 crore on the back of a high base in the last year due to price ... 

Source of Information for this issue: Google alert accessed on 01th August, 2023
Knowledge Is Power. Be Informed, Be Knowledgeable, and Be Powerful.
Best Wishes Compilation
Mamata Sahu
Information and Documentation Division, Chanakya Central Library.
ASBM University, ShikshaVihar, Bhola, Barang, Khurda Road, Chandaka Bhubaneswar- 754012
Website: 
www.asbm.ac.in, Tel: 0674-2374832, 2374833, Email: Library@asbm.ac.in,
Dr ManashriNath, Librarian, Knowledge and Information Services Unit, Chanakya Central Library, ASBM UNIVERSITY Bhubaneswar. 
Library1@asbm.ac.inwww.asbm.ac.in

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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