With this credit, you can obtain an advance on a current account by pledging to the Bank your assets constituted and deposited on your account. It applies both to assets currently deposited in your account and to those which will be deposited in the future. The Bank determines the maximum rate that can be advanced for each negotiable security deposited. This value is set on the basis of the quality of your portfolio. How do we better know this credit that is named after a region in Italy and a transaction that derived its name from that name?
1) His father, born in Mangalore, India, in 1910, was orphaned young and rose to become a respected principal of the posh Hyderabad Public School, India’s Upper Canada College. He was born in Hyderabad in 1950 and eventually attended the elite school, where he was an outsider, one of the few boys who didn’t come from a rich or aristocratic family.
After high school, he gained admission to the prestigious chemical engineering program at the Indian Institute of Technology. He didn’t want the plodding life of a chemical engineer, so his father encouraged him to take his chances in Canada, where his brother was already working. He decided to move to London, Ontario, where he enrolled in the MBA program at Western, selling air conditioners and furnaces to pay his way through.
He is the CEO and chairman of Fairfax Financial Holdings Limited which he founded in 1985. That first year the company took in $12 million in revenue. Twenty-five years later it was up to $8 billion, and the stock had gone up 120 times. That’s good for a 23 percent annual stock return. He predicted the crash of ’87, the Japanese collapse of 1990 and last year’s meltdown, which he parlayed into a huge payoff. Who is this ‘Canadian Warren Buffet’?
2) X was initiated in 1971 to address the colonial legacy of economic imbalance between the ethnic Chinese and the majority Malays, two-thirds of whom were left in poverty. The Malay could produce the necessary licence, while the Chinese would actually run the business. The arrangement was known as YZ, Y being the Malay and Z being the Chinese.
3) The French writer Guy de Maupassant liked to eat lunch in the restaurant situated in this structure because he hated the structure, and it was the only place he could not see it. He really hated it: “A high and skinny pyramid of iron ladders, this giant ungainly skeleton upon a base that looks built to carry a colossal monument of Cyclops, but just peters out into a ridiculous thin shape like a factory chimney.” Name this hated structure.
4) This is a public Limited Company promoted by the Khemka Group with the primary objective of promoting wind energy with Ravi Prakash Khemka as Chairman. They have had businesses across sectors. They ran an agro business, textile venture, an airline, owned a TV channel among other things. How do we know this company, and expand those letters ?
5) S & R Games is Selchow & Righter Co., founded in 1867 by Elisha Selchow, who originally called his game wholesale company E.G. Selchow & Co. Early on Selchow obtained the rights to sell “X”, The Royal Game of India in 1874, making it one of the oldest American game trademarks.
In 1880 Selchow partnered with John Righter and the name of the company changed to Selchow and Righter Co.. The company remained in the wholesale business, as ‘jobbers’ selling games from other companies, until sometime after the death of both Selchow and Righter in the early 1900s.
Selchow and Righter became a steady producer of games, but didn’t develop another game so popular that it could really be called a classic like “X” — until “Y”.
Selchow & Righter were first presented with the game “Y”, first called Lexiko then Criss Cross Words, by its creator “Z”, an unemployed architect, in 1949. When Selchow & Righter passed, “Z” sold the rights to entrepreneur and game-lover James Brunot instead. But when Brunot and his wife couldn’t keep up with the demand for the game, Selchow & Righter took over production of the game in 1952. In 1983, S & R Games acquired “W”.That game became one of the best selling games of the century, and in the second half of ’83, S & R sold 1.5 million “W” games — increasing the company’s previous revenues threefold
Selchow & Righter was sold to “V” (“V” famous for its Cabbage patch Kids dolls). Just seven months later “V” went bankrupt and was taken over by “U”. (Which is how “W” ended up under the Parker Brothers name in 1988.) End of Story. Crack the alphabets.
6) Hitting London, New York, Los Angeles, Miami, Rome and Milan over the coming weeks, it’s an ambitious undertaking which could revolutionise the way the art world works. Launched in NYC on Independence Day (July 4) the project got off to an eye-catching start by projecting a 200ft high flame shooting from the Statue of Liberty’s torch. The next phase of the scheme launches in Italy today, where green boxes (designed by Jason Bruges) will appear. After downloading the green box app, passers-by can view the artists’ visions come to life in front of them with moving images filtered through their smartphones, IPads or android devices.
The initial set of 30 boxes will showcase some top-quality creatives, including Bompas &Parr, Kate MccGwire, UVA and Petra Storrs. Overseen by Grammy-award-winning producer Sam Speigel and photographer Nick Knight, the plan is to create 1,000 more green boxes over the next 12 months. The company wants creatives around the world to come up with ideas and is stressing that although the cubes may measure just two metres by three metres, the possibilities are limited only by the participants’ imaginations.
Which company is behind this Green Box Project?
7) An increase in educational levels and the ability to communicate in English among Indian women in the late ’50s provided a suitable atmosphere for English-language women’s magazines to evolve and thrive. It was in this environment that Trend, a lifestyles magazine that catered to women, emerged and this magazine belonged to the ___ weekly group. The editor of Trend, Frene Talyarkhan, had a fall out with the group and she, along with Indu Sen, started another magazine called Flair. Soon the magazine was bought out by a major publishing group and relaunched in a new avatar. How do we know this magazine now?
8) [Tata Question] It was established as the Family Planning Foundation in 1970 by a group of socially committed industrialists led by Mr J.R.D. Tata and Dr Bharat Ram. Early in the 1970s, the foundation sought to promote, through research and demonstration projects, family planning among needy couples to usher in the small family norm in the country. How do we know this institution now?
9) Feminine hygiene ?!
”]A free photo sharing application that has been called “the hottest iPhone startup right now,” this company operates out of Twitter’s old office at 164 South Park St. in the South Park neighborhood of San Francisco. The company, founded without a business model or any specific financing in mind, has quickly grown: It now has more than four million users sharing photos through the app and posting them to a variety of social networks such as Foursquare, Twitter and Posterous. It has just four employees.