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V. G. Siddhartha
Veerappa Gangaiah Siddhartha Hegde ( – 29 July 2019) was an Indian businessman from Karnataka. He was the founder of the cafe chain Café Coffee Day and served as its chairman and managing director. He also served on the board of directors of Mindtree, GTV, Liqwid Krystal, Way2wealth Brokers, Coffee Day Natural Resources, and Way2wealth Securities. After going missing on the evening of 29 July 2019, his body was found by three fishermen at the Hoige Bazaar beach, near the mouth of the river Nethravati on 31 July 2019. Early life Veerappa Gangaiah Siddhartha Hegde was born to Gangaiah Hegde in the Malenadu region of Chikkamagaluru district in Karnataka State. He hailed from a very affluent family of coffee planters belonging to the Vokkaliga community. He received a master's degree in economics from St. Aloysius College and Mangalore University, Karnataka. Career At the age of 24, he joined J M Financial Limited in 1983–1984 in Mumbai as a management trainee/intern i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chikkamagaluru District
Chikmagalur, officially Chikkamagaluru is an administrative district in the Malnad subregion of Karnataka, India. Coffee was first cultivated in India in Chikmagalur. The hills of Chikmagalur are parts of the Western Ghauts and the source of Tunga and Bhadra rivers. Mullayanagiri, the highest peak in Karnataka is located in the district. The area is well known for the Sringeri Mutt that houses the ''Dakshina Peeta'' established by Adi Shankaracharya. Etymology Chikmagalur district gets its name from its headquarters of Chikmagalur town. It is alternatively spelt as ''Chikkamagaluru'' or ''Chikmagalur''. Chikmagalur literally means "The town of the younger daughter" in the Kannada language. The town is said to have been given as a dowry to the younger daughter of Rukmangada, the legendary chief of Sakkarepatna and hence the name. History Chikmagalur is the region where the Hoysala rulers started and spent the early days of their dynasty. According to a legend, it was at Sosevu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Commodity And Derivatives Exchange
National Commodity & Derivatives Exchange Limited (NCDEX) is an Indian online commodity and derivative exchange based in India. It is under the ownership of Ministry of Finance, Government of India. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives. It is a government company, incorporated on 23 April 2003 under the Companies Act, 1956 and obtained its Certificate for Commencement of Business on 9 May 2003. It commenced operations on 15 December 2003. As of 31 July 2013, NCDEX has 848 registered members and client base of about 20 Lakhs and offers trading on more than 49,000 terminals across 1,000 centers in India. It facilitates deliveries of commodities through a network of over 594 accredited warehouses through eight warehouse service providers, with holding capacity of around 1.5 million tonnes and offers average deliveries of 1 lakh MT at every contract expiry. NCDEX has offices i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Minister Of Karnataka
The chief minister of Karnataka, formerly known as the chief minister of Mysore, is the chief executive officer of the government of the Indian state of Karnataka. As per the Constitution of India, the governor of Karnataka is the state's ''de jure'' head, but ''de facto'' executive authority rests with the chief minister, a template applicable to all other Indian states. Following elections to the Karnataka Legislative Assembly, the governor usually invites the political party (or a coalition of political parties) with a majority of assembly seats to form the government in the state. The governor appoints the chief minister, whose council of ministers is collectively responsible to the assembly. Given that he has the confidence of the assembly, the chief minister's term is for five years, renewable, and is subject to no term limits.Durga Das Basu. ''Introduction to the Constitution of India''. 1960. 20th Edition, 2011 Reprint. pp. 241, 245. LexisNexis Butterworths Wadhwa Nagpur. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Times Of India
''The Times of India'', also known by its abbreviation ''TOI'', is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the 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 newspaper in India. Reuters rated ''TOI'' as India's most trus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chikmagalur
Chikmagalur, known officially as Chikkamagaluru, is a city and the headquarters of Chikmagalur district in the Indian state of Karnataka. Located on the foothills of the Mullayanagiri peak of the Western Ghats, the city attracts tourists from around the state for its pleasant and favourable hill station climate, tropical rainforest and coffee estates. Demographics As of 2011 Indian Census, Chikmagalur city had a total population of 118,401, of which 58,702 were males and 59,699 were females. Population within the age group of 0 to 6 years was 11,633. The total number of literates in Chikmagalur was 96,359, which constituted 81.4% of the population with male literacy of 83.7% and female literacy of 79.1%. The effective literacy rate of 7+ population of Chikmagalur was 90.3%, of which male literacy rate was 93.1% and female literacy rate was 87.5%. The Scheduled Castes and Scheduled Tribes population was 16,423 and 1,734 respectively. Chikmagalur had 28545 households in 2011. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Nashik (Western India) and Dewas (Central India). RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-banking Financial Company
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act as backup facilities should the primary form of intermediation fail." The term ''non-bank'' likely started as non-deposit taking banking institution. However, due to financial regulations adopted from English speaking countries, non-English speaking countries took "non-bank" as a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasury Management
Treasury management (or treasury operations) includes management of an enterprise's holdings, with the ultimate goal of managing the firm's liquidity and mitigating its operational, financial and reputational risk. Treasury Management includes a firm's collections, disbursements, concentration, investment and funding activities. In larger firms, it may also include financial risk management. For non-banking entities, the terms ''Treasury Management'' and ''Cash Management'' are sometimes used interchangeably, while, in fact, the scope of treasury management is larger (and includes funding and investment activities mentioned above). In general, a company's treasury operations comes under the control of the CFO, Vice-President / Director of Finance or Treasurer, and is handled on a day-to-day basis by the organization's treasury staff, controller, or comptroller. Most banks have whole departments devoted to treasury management and supporting their clients' needs in this area. Small ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Insurance
General insurance or non-life insurance policy, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the United States and Canada and non-life insurance in Continental Europe. In the United Kingdom, insurance is broadly divided into three areas: personal lines, commercial lines and London market. The London market insures large commercial risks such as supermarkets, football players, corporation risks, and other very specific risks. It consists of a number of insurers, reinsurers, P&I Clubs, brokers and other companies that are typically physically located in the City of London. Lloyd's of London is a big participant in this market. The London market also participates in personal lines and commercial lines, domestic and foreign, through reinsurance. Commercial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Pension Scheme
National Pension System Trust (NPS Trust) is a specialised division of Pension Fund Regulatory and Development Authority which is under the jurisdiction of Ministry of Finance of the Government of India. The National Pension System (NPS) is a voluntary defined contribution pension system in India. National Pension System, like PPF and EPF is an EEE (Exempt-Exempt-Exempt) instrument in India where the entire corpus escapes tax at maturity and entire pension withdrawal amount is tax-free. NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 April 2004. While the scheme was initially designed for government employees only, it was opened up for all citizens of India between the age of 18 and 65 in 2009, for OCI card holders and PIO's in October 2019. On 26 August 2021, PFRDA increased the entry age for the National Pension System (NPS) from 65 years to 70 years. As per the revised norms, any Indian C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portfolio Manager
A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future growth, such as a retirement fund, endowment fund, or education fund. PMs work with a team of analysts and researchers and are responsible for establishing an investment strategy, selecting appropriate investments, and allocating each investment properly towards an investment fund or asset management vehicle. Model In the 1950s, Harry Markowitz, an American economist, developed the modern portfolio theory. Jack Treynor (1961, 1962), William F. Sharpe (1964), John Lintner (1965) and Jan Mossin (1966) later build the Capital Asset Pricing Model (CAPM) on the theory of Markowitz. Nowadays, the CAPM is one of the primary portfolio management tools. The formula calculates the potential return percentage of an investment vehicle based on its vest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
