Dhirubhai Ambani
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Dhirubhai Ambani
Dhirajlal Hirachand Ambani (28 December 1932 – 6 July 2002), popularly known as Dhirubhai Ambani, was an Indian business tycoon who founded Reliance Industries. Ambani took Reliance public in 1977 and was worth US$2.9 billion in 2002 upon his death. In 2016, he was honoured posthumously with the Padma Vibhushan, India's second-highest civilian honour for his contributions to trade and industry. Early career Dhirubhai Ambani was one of the sons of Hirachand Gordhanbhai Ambani, a village school teacher belonging to the Modh vaniya ( Baniya) community and Jamnaben Ambani and was born in Chorwad, Malia Taluka, Junagadh district, Gujarat on 28 December 1932. He did his studies from Bahadur Khanji school. He left Aden in 1958 to try his hand at his own business in India in the textiles market. Founding of Reliance Industries Ambani returned to India and started "Majin" in partnership with Champaklal Damani, his second cousin, who lived with him in Yemen. Majin was to import poly ...
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Chorwad
Chorwad or Chorvad is a city and a municipality in Malia Hatina Taluka of Junagadh district in the state of Gujarat, India. It lies on the coast of the Arabian Sea. Etymology It is said to have derived its name from being a notorious haunt of pirates. History Chorvad has been since the earliest days famous for its betel gardens, and the flavour of Chorvad betel is supposed to be very superior, and it is largely exported not only inland but also by sea. Chorvad was in ancient times a dependency of Mangrol State, Mangrol. In later times, i. e. after the collapse of the Mughal Empire, Mughal power in the Saurashtra (region), Saurashtra peninsula, it was seized on by the Raizadas, but we have no record of the exact date of such seizure ; but Sanghji or Singhji, the Raizada Garasia of Chorvad, took an active part in the intestine wars of the nineteenth century ; but he was killed in the battle of Malia fought between him and Aliya Hatti, and his descendants were much embarrassed as ...
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Polyester
Polyester is a category of polymers that contain the ester functional group in every repeat unit of their main chain. As a specific material, it most commonly refers to a type called polyethylene terephthalate (PET). Polyesters include naturally occurring chemicals, such as in plants and insects, as well as synthetics such as polybutyrate. Natural polyesters and a few synthetic ones are biodegradable, but most synthetic polyesters are not. Synthetic polyesters are used extensively in clothing. Polyester fibers are sometimes spun together with natural fibers to produce a cloth with blended properties. Cotton-polyester blends can be strong, wrinkle- and tear-resistant, and reduce shrinking. Synthetic fibers using polyester have high water, wind and environmental resistance compared to plant-derived fibers. They are less fire-resistant and can melt when ignited. Liquid crystalline polyesters are among the first industrially used liquid crystal polymers. They are used for th ...
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Breach Candy Hospital
Breach Candy Hospital is a private hospital located in Mumbai, India. It is located in the Breach Candy area of South Mumbai. It is well known for the rich and famous patients that have been in the hospital. History It was established in 1950 at the upmarket Breach Candy area in South Mumbai, and designed by an English architect Claude Batley. It started functioning as a 25-bed nursing home. Today, BCH is a multi-specialty hospital with over 220 beds. The hospital's specialists include some of the most distinguished names in the Indian medical profession. Before 2005, the Pirojsha Godrej Foundation funded a wing of the hospital known as the Pirojsha Godrej Wing. Services Breach Candy Hospital is managed by the Breach Candy Hospital Trust. It provides the following services: * Anesthesiology * Bariatric services * Blood bank * Cardiology and thoracic surgery * Dermatology * Endocrinology * Ear, nose and throat * General surgery * Gynecology * Hematology * Neurol ...
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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 fa ...
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Shah
Shah (; fa, شاه, , ) is a royal title that was historically used by the leading figures of Iranian monarchies.Yarshater, EhsaPersia or Iran, Persian or Farsi, ''Iranian Studies'', vol. XXII no. 1 (1989) It was also used by a variety of Persianate societies, such as the Ottoman Empire, the Kazakh Khanate, the Khanate of Bukhara, the Emirate of Bukhara, the Mughal Empire, the Bengal Sultanate, historical Afghan dynasties, and among Gurkhas. Rather than regarding himself as simply a king of the concurrent dynasty (i.e. European-style monarchies), each Iranian ruler regarded himself as the Shahanshah ( fa, شاهنشاه, translit=Šâhanšâh, label=none, ) or Padishah ( fa, پادشاه, translit=Pâdešâh, label=none, ) in the sense of a continuation of the original Persian Empire. Etymology The word descends from Old Persian ''xšāyaθiya'' "king", which used to be considered a borrowing from Median, as it was compared to Avestan ''xšaθra-'', "power" and ...
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Isle Of Man
) , anthem = "O Land of Our Birth" , image = Isle of Man by Sentinel-2.jpg , image_map = Europe-Isle_of_Man.svg , mapsize = , map_alt = Location of the Isle of Man in Europe , map_caption = Location of the Isle of Man (green) in Europe (dark grey) , subdivision_type = Sovereign state , subdivision_name = United Kingdom , established_title = Norse control , established_date = 9th century , established_title2 = Scottish control , established_date2 = 2 July 1266 , established_title3 = English control , established_date3 = 1399 , established_title4 = Revested into British Crown , established_date4 = 10 May 1765 , official_languages = , capital = Douglas , coordinates = , demonym = Manx; Manxman (plural, Manxmen); Manxwoman (plural, Manxwomen) , ethnic_groups = , ethnic_groups_year = 2021 , ethnic_groups_ref = Official census statistics provided by Statistics Isle of Man, Isle of Man Government: * * , religion = , religion_year = 2021 , relig ...
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Pranab Mukherjee
Dr. Pranab Mukherjee (11 December 193531 August 2020) was an Indian politician and statesman who served as the 13th president of India from 2012 until 2017. In a political career spanning five decades, Mukherjee was a senior leader in the Indian National Congress and occupied several ministerial portfolios in the Government of India. Prior to his election as President, Mukherjee was Union Finance Minister from 2009 to 2012. He was awarded India's highest civilian honour, the Bharat Ratna, in 2019, by his successor as president, Ram Nath Kovind. Mukherjee got his break in politics in 1969 when the then Prime Minister Indira Gandhi helped him get elected to the Rajya Sabha, the upper house of Parliament of India, on a Congress ticket. Following a meteoric rise, he became one of Gandhi's most trusted lieutenants and a minister in her cabinet in 1973. Mukherjee's service in a number of ministerial capacities culminated in his first stint as Finance Minister of India in 1982–8 ...
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Badla (stock Trading)
''Badla'' was an indigenous carry-forward system invented on the Bombay Stock Exchange as a solution to the perpetual lack of liquidity in the secondary market. ''Badla'' were banned by the Securities and Exchange Board of India (SEBI) in 1993, effective March 1994, amid complaints from foreign investors, with the expectation that it would be replaced by a futures-and- options exchange.Alexander Balfour. February 1995. "Bogged-down in Bombay." ''Euromoney''. Issue 310. p. 96. Such an exchange was not established and ''badla'' were legalized again in 1996 (with a carry-forward limit of Rs 200 million per broker) and banned again on 2 July 2001, following the introduction of futures contracts in 2000.C. Raja Rajeshwari. 28 January 2004.From badla to derivatives" ''The Hindu Business Line''.Susan Thomas. 29 June 2001.." ''Economic Times''. Procedure ''Badla'' trading involved buying stocks with borrowed money with the stock exchange acting as an intermediary at an interest r ...
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Market Trends
A market trend is a perceived tendency of financial markets to move in a particular direction over time. Analysts classify these trends as ''secular'' for long time-frames, ''primary'' for medium time-frames, and ''secondary'' for short time-frames. Traders attempt to identify market trends using technical analysis, a framework which characterizes market trends as predictable price tendencies within the market when price reaches support and resistance levels, varying over time. A market trend can only be determined in hindsight, since at any time prices in the future are not known. Market terminology The terms "bull market" and "bear market" describe upward and downward market trends, respectively, and can be used to describe either the market as a whole or specific sectors and securities. The terms come from London's Exchange Alley in the early 18th century, where traders who engaged in naked short selling were called "bear-skin jobbers" because they sold a bear's skin (the s ...
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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 ...
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Short (finance)
In finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls. This is the opposite of a more conventional " long" position, where the investor will profit if the value of the asset rises. There are a number of ways of achieving a short position. The most fundamental method is "physical" selling short or short-selling, which involves borrowing assets (often securities such as shares or bonds) and selling them. The investor will later purchase the same number of the same type of securities in order to return them to the lender. If the price has fallen in the meantime, the investor will have made a profit equal to the difference. Conversely, if the price has risen then the investor will bear a loss. The short seller must usually pay a fee to borrow the securities (charged at a particular rate over time, similar to an interest payment), and reimburse the lender for any cash returns such as dividends that we ...
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Calcutta
Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of East India, Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the List of cities in India by population, seventh-most populous city in India, with a population of 45 lakh (4.5 million) residents within the city limits, and a population of over 1.41 crore (14.1 million) residents in the Kolkata metropolitan area, Kolkata Metropolitan Area. It is the List of metropolitan areas in India, third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The ...
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