history

1963 Establishment of Unit Trust of India 1964 Unit Scheme 1964 launched 1987 Entry of non-UTI, Public Sector mutual funds 1993 Entry of private sector funds First Mutual Fund regulations came into being 1996 Substitution of prevalent rules by SEBI (Mutual Funds) Regulations 1996 2003 UTI...

Incorporated in the year 1937 mukunda ltd is a multi divisional, multi Product Company involved in the manufacturing of specialty steel long products industrial machinery and the construction of highways. With the manufacturing facilities in Kalwe, Maharashtra and Hospet Karnataka our steel...

Motion pictures came to India in 1896, when the Lumiere Brothers' Chinematographe unveiled six soundless short films in Bombay (now Mumbai). This was just one year after the Lumiere brothers (inventors of cinematography) had set up their company in Paris. The first Indian on record to make a...

CRY stands for Child Relief and You. CRY is an Indian non-government organization (NGO) that works towards restoring basic rights to underprivileged Indian children. CRY was started by seven young people in December 1978. One of them, an airline purser called Rippan Kapur, was the...

History of yellow pages First time the term yellow pages was used was in 1883.a printer working on a regular telephone directory ran short of white paper and used yellow paper instead. In 1886, Reuben H.Donnely produced the first yellow pages directory featuring business names and phone...

It was at the time of the Nagpur Session (1920) that the Indian National Congress decided to encourage “khadi”. The first Khadi Production Centre was established at Kataiwad, Gujarat, Gandhiji used to refer to the as “the livery of freedom”. In fact khadi was introduced in 1920 as a...

HISTORY OF FDI IN INDIA. At the time of independence, the attitude towards foreign capital was one of fear and suspicion. This was natural on account of the previous exploitative role played by it in ‘draining away’ resources from this country. The suspicion and hostility found expression...

Life insurance came to India from England in 1818 when oriental life insurance company started in Calcutta by Europeans. After this many insurance companies had been started in India. But these companies were looking after only the needs of European community established in India. Indian...

Who would have thought over 25 years ago that computer and video games were going to so dramatically impact popular culture and the entertainment art form around the world? It is amazing that in such a brief time the computer and video game industry has truly revolutionized entertainment...

DERIVATIVES A derivative instrument, broadly, is a financial contract whose payoff structure is determined by the value of an underlying commodity, security, interest rate, share price index, exchange rate, oil price or the like. Thus a derivative instrument derives its value from some...

Investment has been basic to man ever since he discovered commerce. His action to invest has been motivated by his desire to multiply his acquisitions. As the requirements of man’s life grew in content and quality, the simple commercial transactions of purchase and sale of a commodity became...

HISTORY OF FDI IN INDIA At the time of independence, the attitude towards foreign capital was one of fear and suspicion. This was natural on account of the previous exploitative role played by it in ‘draining away’ resources from this country. The suspicion and hostility found expression in...

Strategies Used In The Past Bajaj strategic plan was to establish in three main areas viz establish volume leadership, establish cost leadership and reduce the respond time and bring in. Volume leadership: • Retain the high reliability and work on easing out immediate availability. • Vast...

Hero Honda rides Splendor to be world’s No 1 India has finally got a world leader in manufacturing with “no problem”. Hero Honda Motors Ltd (HHML) has attained the distinction of being the largest two-wheeler company in the world in volume terms. With a new factory on the anvil, it is gearing...

The Puma Shoe Company began in 1924 as Dassler Schuhfabrik based in Herzogenaurach, Germany. The company was started by Rudolph Dassler, who wanted to design and manufacturer sports shoes. In 1948, Dassler changed the name of his company to Puma Schuhfabrik. Puma is the German word for cougar...

History Quintessence Pvt. Ltd. came into existence in 2003. There has been a continuous commitment to providing the world's highest-quality chewing gum and confectionery products that are both great tasting, and make life a little more fun. It has been over 4 years since Quintessence...

During the later half of the 19th century. The bankers have used accounting ratios for analyzing a prospective debtor’s credit standing. But, their analysis was very much restricted to the study of current ratios alone. It was in 1919; Alexander Wall came out with his strong criticism of such...

Until about the turn of the century, preparation of financial statements was a part of the work to be done by a book-keeper. In due course of time, bankers began to request balance sheets of applicants obviously with a view to consider the desirability of granting credit. In spite of this...

The term direct marketing is believed to have been first used in 1961 in a speech by Lester Wunderman, who pioneered direct marketing techniques with brands such as American Express and Columbia Records. The term junk mail, referring to unsolicited commercial ads delivered via post office or...

HISTORY OF INTERNET In the 50’s and early 60’s, prior to the widespread inter-networking that led to the Internet, most communication networks were limited by their nature to only allow communications between the stations on the network. Some networks had gateways or bridges between them, but...