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Binny Mills
Binny and Co is a shipping, textile, banking and insurance firm based in the city of Chennai, India. It is one of the oldest business firms in Chennai city. History Binny and Co was founded in Madras by John Binny as a general, clearing and forwarding agency in 1797. Initially, the company functioned from a building then known as ''Amir Bagh'' on Mount Road, where the headquarters of the Indian Overseas Bank is now located. The company, then moved to a house a few blocks away, where Hotel Taj Connemara is now situated. The firm moved to its present headquarters in Armenian Street in 1812. With the passage of time, Binny and Co entered the banking and insurance sectors. John Binny set up a partnership with one Mr Denison and renamed the company as Binny and Denison in 1800. Binny and Co were the landing agents for the British India Steam Navigation Company and had a fleet of 35 barges and 30 lighters to transport men and goods from ships to land. They also ran a motor bus ser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipping
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting Commodity, commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. Modes of shipment In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air. Grounds Land or "ground" shipping can be made by train or by truck (British English: lorry). In air and sea shipments, ground transport is required to take the cargo from its place of origin to the airport or seaport and then to its destination because it is not always possible to establish a production f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangalore
Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most populous urban agglomeration in India, as well as the largest city in South India, and the 27th largest city in the world. Located on the Deccan Plateau, at a height of over above sea level, Bangalore has a pleasant climate throughout the year, with its parks and green spaces earning it the reputation as the "Garden City" of India. Its elevation is the highest among the major cities of India. An aerospace, heavy engineering and electronics hub since the 1960s, Bangalore is widely regarded as the "Silicon Valley of India" because of its role as the nation's leading information technology (IT) exporter.——— In the Ease of Living Index 2020 (published by the Ministry of Housing and Urban Affairs), it was ranked the most livable Indian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Textile Companies Of India
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Chennai
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1797
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1797
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EID Parry
East India Distilleries (EID) Parry Limited is an Indian public company headquartered in Chennai, Tamil Nadu that has been in business for more than 225 years. It has many firsts to its credit, including the manufacturing of fertilizers (1906) for the first time in the Indian subcontinent. The company is currently engaged in the manufacture and marketing of sugar and bio-products. Parry's is the oldest surviving mercantile name in Chennai. Origin and history EID Parry is one of the oldest business entities of the Indian subcontinent and was originated by Thomas Parry, a Welshman who came to India in the late 1780s. On 17 July 1788, he started a business of banking and piece goods. By 1819, a partnership firm named "Parry and Dare" Company was founded by Thomas Parry and John William Dare. Parry's Corner, one of the most prominent central business districts of Chennai, derives its name from Parry. Over a period of time, the business established by Parry continued to gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Times Of India
''The Times of India'', also known by its abbreviation ''TOI'', is an Indian English language, English-language daily newspaper and digital news media owned and managed by The Times Group. It is the List of newspapers in India by circulation, third-largest newspaper in India by circulation and largest selling English-language daily in the world. It is the oldest English-language newspaper in India, and the second-oldest Indian newspaper still in circulation, with its first edition published in 1838. It is nicknamed as "The Old Lady of Bori Bunder", and is an Indian "newspaper of record". Near the beginning of the 20th century, Lord Curzon, the Viceroy of India, called ''TOI'' "the leading paper in Asia". In 1991, the BBC ranked ''TOI'' among the world's six best newspapers. It is owned and published by Bennett, Coleman & Co. Ltd. (B.C.C.L.), which is owned by the Sahu Jain family. In the Brand Trust Report India study 2019, ''TOI'' was rated as the most trusted English newspap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India's Independence
The Indian independence movement was a series of historic events with the ultimate aim of ending British rule in India. It lasted from 1857 to 1947. The first nationalistic revolutionary movement for Indian independence emerged from Bengal. It later took root in the newly formed Indian National Congress with prominent moderate leaders seeking the right to appear for Indian Civil Service examinations in British India, as well as more economic rights for natives. The first half of the 20th century saw a more radical approach towards self-rule by the Lal Bal Pal triumvirate, Aurobindo Ghosh and V. O. Chidambaram Pillai. The final stages of the independence struggle from the 1920s was characterized by Congress' adoption of Mahatma Gandhi's policy of non-violence and civil disobedience. Intellectuals such as Rabindranath Tagore, Subramania Bharati, and Bankim Chandra Chattopadhyay spread patriotic awareness. Female leaders like Sarojini Naidu, Pritilata Waddedar, and Kasturba Ga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arbuthnot & Co
Arbuthnot & Co was a mercantile bank, based in Madras, India. It had been founded as Francis Latour & Co in the late 18th century and then became Arbuthnot De Monte & Co. It failed spectacularly on 22 October 1906. In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis the city ever suffered. Of the three best-known British commercial names in 19th century Madras, one crashed. A distress sale resurrected a second. Lastly, a benefactor bailed out the third. The agency house that failed completely was Arbuthnot's, which was considered the soundest of the three. Parry's (now EID Parry), may have been the earliest of them and Binny and Co.'s founders may have had the oldest associations with Madras, but it was Arbuthnot & Co., established in 1810, that was the city's strongest commercial organization in the 19th Century. When it failed, thousands lost their savings and the good name of British banking was severely rocked. Arbuthnot & Co had two partne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buckingham And Carnatic Mills
Buckingham and Carnatic Mills, popularly known as B & C Mills, were textile mills run by Binny and Co. in the city of Chennai, India. The mills were closed down in 1996 and the site is now used as a container freight station and is a popular venue for film shootings. History Messrs Binny & Co, one of the biggest private enterprises in the then city of Madras, set up a textile mill of its own, the Buckingham Mills in the wedge between Perambur, Vepery and Basin Bridge. The company was registered on 17 August 1876 and started functioning in January 1878. The Carnatic Mills were founded on 30 June 1881. The two companies were merged in 1920. Binny also started the Bangalore Woollen, Cotton and Silk Mills in 1884. The mills functioned successfully till the 1970s when rot set in. Running on heavy losses, the mills were finally closed in 1996. India's first labour union, the Madras Labour Union (MLU) was formed at Buckingham and Carnatic Mills by B. P. Wadia and V. Kalyanasundaram ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Textile
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the only manufacturing method, and many other methods were later developed to form textile structures based on their intended use. Knitting and non-woven are other popular types of fabric manufacturing. In the contemporary world, textiles satisfy the material needs for versatile applications, from simple daily clothing to bulletproof jackets, spacesuits, and doctor's gowns. Textiles are divided into two groups: Domestic purposes onsumer textilesand technical textiles. In consumer textiles, aesthetics and comfort are the most important factors, but in technical textiles, functional properties are the priority. Geotextiles, industrial textiles, medical textiles, and many other areas are examples of technical textiles, whereas clothing and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
