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The Godrej rhyme
Article Link: http://www.thehindubusinessline.com/specials/godrej/article8999523.ece
This poem, which traces the evolution of the Godrej Group in the early days, was read by Nadir Godrej in 1997, the centenary of the Group’s founding, at the inauguration of a research centre named after Dr Burjor P Godrej, who pioneered the soap and oleochemical industry.
When Ardeshir Godrej joined the bar
He was soon sent to Zanzibar.
Where he soon found that to win
He was obliged to commit a sin
Today it may not seem uncouth
To legally distort the truth
But Ardeshir was of sterner stuff
He told himself enough’s enough.
He quit the law and looked for work.
And commencing with this little quirk,
The Godrej group got its start.
His first attempts were not so smart.
The man who abjured perjury
Made instruments for surgery.
The technology was very fine
But products of the best design
Can fail if the unseen hand
Decides there is no demand.
This early failure was no block.
He moved on to the humble lock.
By carefully eliminating,
The spring, a part known for failing,
He patented a better lock
And soon sold out all his stock.
And now I would like to mention
That he next turned his attention
To an object then quite misleadingly
Known as a safe which was exceedingly
Likely not to have the desired effect.
Most safes were unable to protect
Their precious contents from the dire
Damage by the terrible fire
Resulting from the great earthquake
That made San Francisco shake.
After much research he was on track
He changed the design of the back
And proudly claimed that he had found
A perfect fire-proof compound.
In ’44 disaster struck
Is there no end to bad luck?
An explosion ripped through the port,
There was damage of every sort,
Godrej safes though completely bathed
In fierce fires were unscathed.
No form of praise could have been higher
His safes survived ordeal by fire.
Soap at that time was made from fat.
But Hindus couldn’t live with that.
After much experiment and toil
He made a soap from vegetable oil.
To his scientific attitude
We owe a debt of gratitude.
And thanks to his firm foundation
Today we have this celebration.
The torch of science burned on bright
With Burjorji it found new light.
From fatty acid he made soap
An innovation of great scope.
And then he pioneered fractionation
And much to people’s consternation
The quality of acid made
Was superior to cosmetic grade,
Without being triple pressed
His fatty acids truly impressed.
Till his last day he was at work
Alpha olefins were his quirk.
Today we take them quite for granted
He was the one that early planted
The seed from which we could grow
The oleochemicals that we now show.
In his honour we dedicate this lab.
You still might see an empty slab.
But soon I’m told it will be filled
And students then will be thrilled
To have the chance that he enjoyed
To see how the spirit’s buoyed
When science works for human needs
And uproots the widespread weeds
Of sloppy thought and superstition.
I think it should be our ambition
That science should empower our nation
And pull us out of our stagnation.
Tata Crucible Quiz | Corporate 2016 | Schedule
Tata Crucible 2016 for Corporate: Schedule
AUG 05 – Nagpur
AUG 06 – Raipur
AUG 07 – Hyderabad
AUG 10 – Ahmedabad
AUG 12 – Goa
AUG 19 – Lucknow
AUG 20 – Gurgaon
AUG 21 – Noida
AUG 22 – Coimbatore
AUG 27 – Bhubaneswar
AUG 28 – Jamshedpur
AUG 29 – Navi Mumbai
SEP 03 – Thiruvananthapuram
SEP 04 – Cochin
SEP 07 – Chandigarh
SEP 08 – Jaipur
SEP 10 – Bengaluru
SEP 11 – Pune
SEP 13 – Visakhapatnam
SEP 15 – Indore
SEP 17 – Delhi
SEP 18 – Mumbai
SEP 19 – Guwahati
SEP 24 – Chennai
SEP 25 – Kolkata
OCT 02 – National Finals
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Tata Steel reclaims a piece of history
A section of the first steel rail track rolled that from the Tata Steel (then the Tata Iron & Steel Co. Ltd, Sakchi), Jamshedpur on March 18th 1912 has been reclaimed by the company.
The item was set up for sale at the Sotheby’s in London. As per their records, this was cut to be used as a desk weight, and was presented to Robert Crewe-Milnes, 1st Marquis of Crewe (1858-1947) by Tata Steel. This “desk weight” became part of “The Duchess” Indian collection consisting of property and precious objects from the Estate of Mary, the Duchess of Roxburghe.
The engraved text on it says “FIRST RAIL ROLLED FROM TATA STEEL BY THE TATA IRON & STEEL CO. LTD. / SAKCHI. INDIA/ MARCH 18TH 1912 / THE RIGHT HONOURABLE MARQUIS OF CREWE K. G.” — possibly done when it was gifted by the Tatas to Robert Crewe-Milnes.
Sotheby’s website mentions “LOT SOLD. 9,375 GBP (919,970 INR) (Hammer Price with Buyer’s Premium)“; the press release from the company does not mention the price, though.
India–Early Rail and Steel Industry; ”First Rail Rolled From Tata Steel” dated 1912
Established in 1907 as Asia’s first integrated private sector steel company, Tata Steel is among the top global steel companies with a crude steel capacity of nearly 30 million tonnes per annum (MnTPA).
It is now the world’s second-most geographically diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries.
AIMA Pragati Quiz for women – 2015
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AIMA National Management Quiz (NMQ) (AIMA Quiz 2014)
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Indian Banks: The Story of Bharatiya Mahila Bank
Bharatiya Mahila Bank (BMB) History
BMB is the latest among the Govt.-owned banks. It is the first of its kind in the Banking Industry in India formed with a vision of economic empowerment for women. The New Delhi-based bank was incorporated in 2013.
Tagline: Empowering Women. Empowering India.
Indian Banks: The Story of IDBI Bank
IDBI Bank History
Other than the nationalized banks, there are two more banks which are Govt. owned — IDBI Bank and Bhartiya Mahila Bank.
Industrial Development bank of India (IDBI) was constituted under Industrial Development bank of India Act, 1964 as a Development Financial Institution and came into being as on July 01, 1964. A new company under the name of Industrial Development Bank of India Limited (IDBI Ltd.) was incorporated as a Govt. Company on September 27, 2004. Towards achieving the faster inorganic growth of the Bank, IDBI Bank Ltd., a wholly owned subsidiary of IDBI Ltd. was amalgamated with IDBI Ltd. in 2005. In 2008, the name of the merged entity was changed from IDBI to IDBI Bank.
Indian Banks: The Story of State Bank of India
The State Bank of India (SBI) History
State Bank of India old logo
State Bank of India cheque
The State Bank of India was formed by the nationalization of the Imperial Bank of India in July 1955. This was the culmination of a IBI’s role in independent India — the debate on its bias towards European businesses and against indigenous entrepreneurs, and the slow pace of Indianization of its staff and management. The Rural Credit Survey Committee saw the proposed State Bank of India as a key part of its integrated system of rural credit. Consequently, the plan to nationalize the Imperial Bank became part of a wider effort to direct the funds of the banking system into certain neglected, but important, sectors of the economy such as agriculture, and spread banking facilities in rural areas.
Imperial Bank of India Emblem
Imperial Bank of India Cheque
The Imperial Bank was formed as a joint-stock bank in January 1921 by amalgamating the Presidency Banks of Bombay, Calcutta, and Madras. This amalgamation was a response both to the felt need for a bank which would hold government balances and use them to deepen the country’s financial structure, and to the threat which the Presidency Banks felt was likely to emanate from the inroads the London clearing banks were planning to make in India. Almost from its inception, the Imperial Bank had the status of a quasi-central bank, undertaking until the formation of the Reserve Bank of India in 1935, banking functions for the Government of India and other banking institutions and managing the rupee debt of the government.
SBI 200 Years Stamp
Bank of Calcutta History:
The collapse of the Mughal empire, the uncertainity and political turmoil that followed, and the advent of the colonial power structure shook the existing ‘banking’ system in Indian. Indigenous bankers were eclipsed as Agency Houses took control of large finances. These agency houses enjoyed state patronage and some even established banks.
Bank of Bengal Building
Among the early issuers, the General Bank of Bengal and Bahar (1773-75) was a state sponsored institution set up in participation with local expertise. Its notes enjoyed government patronage. Though successful and profitable, the bank was officially wound up and was short lived. The Bank of Hindostan (1770-1832) was set up by the agency house of Alexander and Company was particularly successful. It survived three panic runs on it. The Bank of Hindostan finally went under when its parent firm M/s Alexander and Co. failed in the commercial crisis of 1832. Official patronage and the acceptance of notes in the payment of revenue was a very important factor in determining the circulation of bank notes. Wide use of bank notes, however, came with the note issues of the semi-government Presidency Banks, notably the Bank of Bengal which was established in 1806 as the Bank of Calcutta with a capital of 50 lakh sicca rupees. These banks were established by Government Charters and had an intimate relationship with the Government. The charter granted to these banks accorded them the privilege of issuing notes for circulation within their circles.
Notes issued by the Bank of Bengal can broadly be categorised in 3 broad series viz: the ‘Unifaced’ Series, the ‘Commerce’ Series and the ‘Britannia’ Series. First came the unifaced notes.
Bank of Bengal Unifaced Currency
The Bank of Bengal notes later introduced a vignette represented an allegorical female figure personifying ‘Commerce’ sitting by the quay. The notes were printed on both sides. On the obverse the name of the bank and the denominations were printed in three scripts, viz., Urdu, Bengali and Nagri.
Bank of Bengal Britannia Series Currency
Bank of Bengal Commerce Series Currency
On the reverse of such notes was printed a cartouche with ornamentation carrying the name of the Bank. Around the mid nineteenth century, the motif ‘Commerce’ was replaced by ‘Britannia’. The note had intricate patterns and multiple colours to deter forgeries.
Bank of Bombay History:
The second Presidency Bank was established in 1840 in Bombay, which had developed as major commercial centre. The Bank had a checkered history. The crisis resulting from the end of the speculative cotton boom led to the liquidation of Bank of Bombay in 1868. It was however reconstituted in the same year. Notes issued by the Bank of Bombay carried the vignettes of the Town Hall and others the statues of Mountstuart Elphinstone and John Malcolm.
Bank of Bombay currency
Bank of Bombay Building
The Bank of Madras’s history is officially traced to its formation in 1843 by the merger of Carnatic Bank (Fort St. George, 1788), the Madras Bank (1795) and the Asiatic Bank (1804). Banking in Madras can be traced to 1682 1 when Governor Gyfford and his council who established the Madras Bank — the first bank in India 2. 3 The notes of the Bank of Madras bore the vignette of Sir Thomas Munroe, Governor of Madras (1817-1827).
Bank of Madras currency
The Bank of Madras building
Source1 Source2 Source3 Source4
The keyhole in the State Bank Group logo symbolises financial security but strangely it looks exactly like the Kankaria Lake in Ahmedabad.
Tagline: The banker to every Indian
Indian Banks: The Story of State Bank of Bikaner and Jaipur
State Bank of Bikaner and Jaipur (SBBJ) History
The genesis of State Bank of Bikaner and Jaipur dates back to the year 1943-44, when the Bank of Jaipur Ltd. and the Bank of Bikaner Ltd. came into existence. In 1960, both banks were incorporated as subsidiaries of State Bank of India and named as State Bank of Bikaner and State Bank of Jaipur. On January 1, 1963, both banks were merged into one entity viz. State Bank of Bikaner and Jaipur.
Bank of Bikaner Ltd:
Bank of Bikaner was founded Maharaja Ganga Singh of Bikaner in 1944. 1
Maharaja Ganga Singh, Bank of Bikaner
Bank of Bikaner Cheque
Bank of Jaipur Ltd:
Bank of Jaipur was founded in 1943 under the leadership of industrialist Ramnath Anandilal Podar. 1 2 He was invited by the then Government of Jaipur to organise `The Bank of Jaipur’ and was its chairman. He continued in that capacity till he was appointed by the Government of India as director of the `Central Board of the State Bank of India’. He was also the president of the Bombay Local Board of State Bank of India.
Ramnath Anandilal Podar, Bank of Jaipur
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