november 2016 - narsee monjee college of commerce … 2016 index ... after demystifying the...
TRANSCRIPT
November 2016
Index
Sr. No. Topic Page No.
1 Marketing News 03
2 Finance News 04
3 Operations & Company News 05 - 06
4 Human Resources News 06 - 07
5 Message From The Editorial Team 08
6 Meet The Editorial Team 09
MARKETING NEWS
P&G on how it cut agencies by almost 50% to optimize its marketing spend
Procter & Gamble (P&G) has reduced the number of PR and advertising agencies it works with by around 50%, as it looks to make further efficiencies around its promotional spending .P&G is eager to improve the effectiveness of its media investments by broadening its reach. With this, it looks to stay top of mind with consumers by creating awareness throughout the year
.To read full article: https://goo.gl/pefxPk
LUMA investment bank presentation breaks down the complicated digital ad industry in 2016
After demystifying the multi-billion digital marketing industry in a presentation last year, the investment bank LUMA Partners has just released its annual State of Digital Marketing presentation.
This year it covers LUMA's views on the market, five industry trends - including the rise of artificial intelligence - and the future of the ecosystem with a specific focus on digital marketing. The investment bank has allowed Business Insider to publish its annual presentation, again. This year you can expect to learn a lot about the convergence of the ad tech (marketing) and martech (technology) industries through a lot of M&A activity.
Read more at: https://goo.gl/nBQq02
FINANCE NEWS
Rs.500 & Rs.1000 notes no more a legal tender
In a major step to check black money, Prime Minister Narendra Modi on Tuesday, November 9, announced demonetization of Rs 500 and 1000 currency notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption. In his televised address to the nation, Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30.
The prime minister said the measures were aimed at curbing the “disease” of corruption and black money which have taken deep root. He also urged people to help government in its fight against fake currency and black money.
Find out more information at: https://goo.gl/I9Mfsx
India pulled 86% of its cash out of circulation. It’s not going well.
Tens of thousands of people have taken to the streets of cities throughout India to protest an economic policy you probably haven’t heard of before: demonetization.
Modi’s sudden ban instantly meant that 86 percent of all the cash in circulation in India was no longer considered legal tender, which means that businesses could refuse to accept those bills as a form of payment. Unsurprisingly, Modi’s demonetization initiative has caused chaos across the country.
People want new banknotes, but the current supply of them isn’t close to meeting demand. That’s created
headaches for people as they wait in long lines outside ATMs and banks, which routinely run out of cash. For people who rely on daily cash earnings to survive, it can mean not being able to obtain food. It's hitting individual Indians hard, and the country itself may pay a heavy price: Many economists expect the growth of India’s booming economy to slow substantially in the final quarter of 2016.
More info at: https://goo.gl/SNe1OX
OPERATIONS & Company news
Demonestisation: Vodafone announces M-Pesa app for cash withdrawal
Backing the government’s demonetisation move, Vodafone India has come up with a new “cash out” facility for Vodafone M-Pesa customers who will now be able to withdraw cash from the 1,20, 000 Vodafone M-Pesa outlets across the country. The digital wallet can be digitally loaded via credit or debit card or net banking free of cost. Apart from this, the M-Pesa wallet would also allow customers to recharge their phones, DTH services, pay their bills. The Vodafone M-Pesa App can be downloaded by both Vodafone and non-Vodafone customers.
Find out more at: https://goo.gl/X7Ys9D
L&T sheds 14,000 employees from its workforce
Larsen & Toubro, India’s biggest engineering firm, has shed 14,000 employees, or 11.2% of its total workforce, in one of the biggest corporate retrenchment exercises in recent times. The $16-billion diversified conglomerate said on Tuesday the step was an attempt to “right size” its strength in the face of business slowdown. Digitisation of operations also caused redundancies that led to downsizing. L&T expects the economic environment to remain challenging in coming months though a pickup in government orders is making up for private sector slack.
Raman said that retrenchment exercise is a “correction”. The CFO said that the move should not be viewed as a sequential event. L&T has been facing challenges with customers deferring orders and falling oil prices contributing to a sharp slowdown in the Middle-east, one of its biggest bets. L&T launched a five-year strategic plan this year aiming to scale up revenue to Rs 2 lakh crore
Read more at: https://goo.gl/nA1IBI
Infosys, Flipkart, M&M among others go all out to help staff tide over demonetisation crisis
From currency note conversion desks to mobile ATMs and temporary cash withdrawal counters, India Inc. is going all out to help its employees tide over the cash crunch after the government made high-denomination notes illegal two weeks ago. To help meet the cash needs of their employees, companies, including Infosys, Flipkart, MakeMyTrip, Yatra-.com, Mahindra & Mahindra, Godrej, EY, Vodafone, Ericsson India, Chaayos and Marico, have been proactive since November 8, more so as the end of the month approaches and the next salary cycle starts. What companies have done, broadly, is bring banking facilities to the office premises and switch to cashless modes of transactions such as plastic currency and mobile or digital wallets.
Read more at: https://goo.gl/BhsVEK
HUMAN RESOURCEs news
After Election Day: What's Ahead for HR
The raucous and bruising presidential campaign of 2016 is finally over. Defying the polls, voters on Tuesday chose Donald Trump to succeed Barack Obama in the White House.Now HR leaders must prepare for new policies and regulations that remain nearly as unpredictable today as they were during the drama-filled months leading up to Election Day.Both candidates made a lot of promises, usually without saying how or when they would deliver them. Trump was particularly sparing with details about his plans. But in recent months on the campaign trail, he at least has signaled his top priorities for the first months of his term.Key among them are initiatives that directly affect employers, including sweeping changes in immigration and healthcare policy.
"All indications are that President-elect Donald Trump in his first 100 days will move forward with repeal of the Affordable Care Act, efforts to secure the border and a focus on immigration worksite enforcement by enacting a mandatory E-Verify system," says Michael Aitken, vice president of government affairs at the Society for Human Resource Management in Alexandria, Va.
Read more at: https://goo.gl/eBjRn6
PeopleStrategy® Presents to Future HR Leaders
Randy Cooper, CEO of PeopleStrategy, Inc.® a leading Software-as-a-Service (SaaS) provider of end-to-end Human Capital Management (HCM) solutions, recently shared his views on current and future trends in Human Resource (HR) technology with students at Saint Paul College, a community and technical college in St. Paul, Minnesota. The HRIS: Human Resource Information Systems class also received a comprehensive demonstration of PeopleStrategy’s Enterprise Human Capital Management (HCM) solution, PeopleStrategy eHCM.
“The presentation by PeopleStrategy was extremely interesting and engaging,” said Colette Campbell Stuart, professor of the HRIS class. “Randy provided great insight into how technology is shaping the HR world today while encouraging the students to prepare to be the catalysts of change as they embark on a career in Human Resources.”
More information at: https://goo.gl/pofVV6
Message from the editorial team
All BMS students who would like to share their event experience/ achievement are requested to send a short write-up of the same before the 25th of the month of occurrence, to:
Suggestions from all students regarding the e-magazine are welcome.
Please direct your recommendations to the above mentioned id.
The Editorial Team invites all students who wish to highlight any news article to send the link of the article to the email id of the relevant department before the 25th of the month of publication.
Operation and Company News: [email protected]
Marketing News: [email protected]
Human Resources News: [email protected]
Finance News: [email protected]
The Editorial Team shall endeavour to include the best few articles of each department in the e-magazine.
THE EDITORIAL TEAM
DESIGNATION NAME CLASS
B.M.S. CO-ORDINATOR Prof. Conrad Coelho -
PROFESSOR-IN-CHARGE Prof. Heena Kanakia -
EDITOR-IN-CHIEF Avani Bhatt S.Y. BMS A
Ronak Nahar S.Y. BMS A
OPERATIONS AND COMPANY HoDs Bansri Choksi S.Y.BMS A
Ronak Nahar S.Y.BMS A
MARKETING HoDs Avnish Bhutra S.Y.BMS A
Isha Nisar S.Y.BMS B
HUMAN RESOURCES HoDs Maitri Asher S.Y.BMS A
Jahnavi Mehta S.Y.BMS A
FINANCE HoDs Avani Bhatt S.Y.BMS A
Heer Chandarana S.Y.BMS A
MEMBERS
Manan Jain S.Y.BMS B
Nishtha Sangoi S.Y.BMS B
Kruti Thakkar S.Y.BMS B
NOTE: This E-Magazine is for internal circulation among the students of Narsee Monjee College of Commerce and Economics only. This magazine is a monthly news digest, its purpose is to collect and highlight some articles for the perusal of the said students. The Editorial Team claims no credit for the articles in the magazine. The names of students mentioned in the articles, if any, are the collectors, not original authors.