|
Bank Of India
Bank of India (BOI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services. As on 31 March 2021, Bank of India's total business stands at , has 5,108 branches and 5,551 ATMs around the world (including 24 overseas branches). History Bank of India was founded on 7 September 1906 by a group of eminent businessmen from Mumbai, Maharashtra, India. The Bank was under private ownership and control till 19 July 1969 when it was nationalised along with 13 other banks. Beginning with one office in Mumbai, with a paid-up capital of and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Sector Banks In India
Public Sector Undertakings (Banks) are a major type of government owned banks in India, where a majority stake (i.e. more than 50%) is held by the Ministry of Finance of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges. Their main objective is social welfare History Emergence of public sector banks The Central Government entered the banking business with the nationalization of the Imperial Bank of India in 1955. A 60% stake was taken by the Reserve Bank of India and the new bank was named State Bank of India. The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959' was passed by the Union government. The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks. The total deposits in the banks nationalise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. The BSE is the 8th largest stock exchange with an overall market capitalisation in the world with more than ₹276.713 lakh crore, as of January 2022. Unlike countries like the United States where nearly 70% of the country's GDP is derived from large companies in the corporate sector like Apple and Tesla, the corporate sector in India accounts for only 12–14% of the national GDP (as of October 2016). Of these only 7,400 companies are listed of which only 4000 trade on the stock exchanges at BSE and NSE. Hence the stocks trading at the BSE and NSE account for only around 4% of the Indian economy, which derives most of its income-related activity from the unorganized sector and household spe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ramnarain Hurnundrai
Seth Ramnarain Ruia (also known as Ramnarain Hurnundrai) was an Indian businessperson. He is also referred as the ''Cotton King''. He was one of the co-founders of Bank of India along with Sir Sassoon David and Sir Cowasji Jehangir Readymoney. Ramnarain Ruia College, a college located in Mumbai, is named after him. Life and career He was born around the 1860s. In 1883, Ramnarain became a broker to the opium department of Sassoon J. David, the well-known Armenian firm in Bombay. In 1891, he became a guaranteed broker to Sassoon J. David's cotton department. In 1905, Ruia purchased Phoenix Mills and two other mills in 1905 to start his textiles business. The other two mills, which he had purchased was the Bradbury Mills at Kalbadevi) and the Dawn Mills at Lower Parel in Bombay. In 1959, the firm was listed on the Bombay Stock Exchange. The firm also ventured into real estate in 1987and built High Street Phoenix, Mumbai. He co-founded Bank of India Bank of India (BOI) i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ratanjee Dadabhoy Tata
Ratanji Dadabhoy Tata (R.D. Tata, 1856–1926) was an Indian businessman who played a pivotal role in the growth of the Tata Group in India. He was the first cousin of Jamsetji Tata, a pioneering industrialist and the founder of Tata Sons. He was one of the partners in Tata Sons founded by Jamsetji Tata. Ratanji is the father of J. R. D. Tata. Personal life Ratanji was born in Navsari in Gujarat in 1856. He studied at The Cathedral & John Connon School and Elphinstone College in Bombay. After graduating, he took up a course in agriculture in Madras. He then joined his family trade in the Far East. Ratanji was married to a Parsee girl at a tender age. However, she died childless not long after the marriage. Ratanji was in his forties when he remarried a French woman, Suzanne Brière, in 1902. This was considered revolutionary in his times and was not welcomed by some in the Parsi community. They had five children Rodabeh, Jehangir, Jimmy, Sylla and Dorab. Opium trade Under t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jehangir Cowasji Jehangir Readymoney
Sir Jehangir Cowasji Jehangir Readymoney, 1st Baronet, (8 June 1853 – 26 July 1934) was a prominent member of the Bombay Parsi community. He was the nephew and heir to the childless Sir Cowasji Jehangir ''Readymoney'' (1812–1878). He married Dhunbai (b. 1860 – d. 1940), daughter of Ardeshir Hormusjee Wadia of the Wadia family The Wadia family is a Parsi family from Surat, India currently based in Mumbai, India. The family rose to wealth in the mid-1700s as ship-builders serving the British East India Company as the latter established its sway over India. During t ..., another wealthy Bombay-based Parsi family. Jehangir Cowasji Jehangir Readymoney was knighted in 1895 and created baronet in 1908. He was succeeded by Sir Cowasji Jehangir Readymoney, 2nd Bt. (1879–1962), who however dropped the 'Readymoney' sobriquet. References * External links * 1853 births 1934 deaths Baronets in the Baronetage of the United Kingdom Knights Bachelor Knights ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cowasji Jehangir Readymoney
Sir Cowasji Jehangir Readymoney, CSI (24 May 1812 – 19 July 1878) was a Parsi community leader, philanthropist and industrialist of Bombay, India. Family and background Cowasji Jehangir Readymoney came from a wealthy Parsi family. His great-grandfather and two great-uncles had moved in the early 18th century from Navsari near Surat to Bombay and had become pioneers in the lucrative opium trade with China. The brothers were cash-rich and worked as bankers to various British clients, and they earned for themselves the sobriquet "Readymoney," which they later adopted as a surname. Among the three brothers, only Hirji Jewanji Readymoney was blessed with surviving issue, two daughters. He arranged in the usual Indian way for them to marry into families of their own community and similar background. The girls were married into wealthy Parsi families; the elder married a Banaji, the younger a Dady Sett (or Dadiseth). In the next generation, the son of the elder daughter, Jehangir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sassoon David
Sir Sassoon Jacob Hai David, 1st Baronet, (11 December 1849 – 27 November 1926) was an Indian merchant who was a member of the community of Baghdadi Jews who lived in Bombay from the late 19th Century into the 20th Century. He was a textile manufacturing, textile mill-owner and merchant who also became Chairman of the Bank of India. Life and career In 1867 Sir Sassoon Jacob Hai David joined the newly formed firm of his father in law, "E.D. Sassoon & Co.", which traded predominantly in India (Bombay, Karachi) and China (Hong Kong, Shanghai). In 1874 he started in Bombay his own firm, "Sassoon J. David & Co., Ltd.", which developed into a leading cotton merchant and opened branches in China (Hong Kong, Shanghai) and Japan (Kobe). But the company also dealt in Indian opium and held the Hong Kong agency for the "South British Insurance Company" (now part of IAG New Zealand). As a wealthy businessman, he was the lead promoter of the Bank of India, founded in 1906, and became the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baghdadi Jews
The former communities of Jewish migrants and their descendants from Baghdad and elsewhere in the Middle East are traditionally called Baghdadi Jews or Iraqi Jews. They settled primarily in the ports and along the trade routes around the Indian Ocean and the South China Sea. Beginning under the Mughal Empire in the 18th century, merchant traders from Baghdad and Aleppo established originally Judeo-Arabic speaking Jewish communities in India, then in a trading network across Asia, following Mizrahi Jewish customs. These flourished under the British Empire in the 19th century, growing to be English-speaking and British oriented. These grew into a tight trading and kinship network across Asia with smaller Baghdadi communities being established beyond India in the mid-nineteenth century in Burma, Singapore, Hong Kong and Shanghai. Baghdadi trading outposts were established across colonial Asia with families settling in Malaysia, Japan, Indonesia and Australia. Until the Second Worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sassoon Family
The Sassoon family, known as "Rothschilds of the East" due to the immense wealth they accumulated in finance and trade, are a family of Baghdadi Jewish descent. Originally based in Baghdad, Iraq, they later moved to Bombay, India, and then emigrated to China, England, and other countries. From the 18th century, the Sassoons were one of the wealthiest families in the world, with a corporate empire spanning the entire continent of Asia.''Siegfried Sassoon: A Biography'', Max Egremont, (London 2005) Etymology The name of the family strongly implies a local, Mesopotamian origin. The family name of Sassoon is also commonly shared by many Armenian and Kurdish families and tribes who all originate from the mountainous district of Sason (whence the family and tribal names), west of Lake Van, in upper Mesopotamia in modern Turkey. It is, however, possible that some Spanish Sephardi blood was mixed with the primarily Mesopotamian Jewish Sasoons. Origins Sassoon ben Salih (1750–1830 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sassoon J , in Hong Kong
{{disambiguation ...
Sassoon may refer to: *Sassoon (name) Other uses * Sassoon (typeface) * David Sassoon Library, in Mumbai, India * Sassoon Docks, in Mumbai, India * Sassoon Eskell (1860–1932), Iraqi statesman and financier * Sassoon Road Sir Ellice Victor Sassoon, 3rd Baronet, (20 December 1881 – 13 August 1961) was a businessman and hotelier from the wealthy Baghdadi Jews, Baghdadi Jewish Sassoon family, Sassoon merchant and banking family. Biography Sir Ellice Victor Eli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parsi
Parsis () or Parsees are an ethnoreligious group of the Indian subcontinent adhering to Zoroastrianism. They are descended from Persians who migrated to Medieval India during and after the Arab conquest of Iran (part of the early Muslim conquests) in order to preserve their Zoroastrian identity. The Parsi people comprise the older of the Indian subcontinent's two Zoroastrian communities vis-à-vis the Iranis, whose ancestors migrated to British-ruled India from Qajar-era Iran. According to a 16th-century Parsi epic, ''Qissa-i Sanjan'', Zoroastrian Persians continued to migrate to the Indian subcontinent from Greater Iran in between the 8th and 10th centuries, and ultimately settled in present-day Gujarat after being granted refuge by a local Hindu king. Prior to the 7th-century fall of the Sassanid Empire to the Rashidun Caliphate, the Iranian mainland (historically known as 'Persia') had a Zoroastrian majority, and Zoroastrianism had served as the Iranian state religion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Cowasji Jehangir Readymoney")
