logo
Set up in 18th century, bazaar now deals in milk products and spices

Set up in 18th century, bazaar now deals in milk products and spices

Time of India4 hours ago

1
2
Kolkata: The Orphanganj Market in Kidderpore, with its origin dating back to the early 18th century, stands as a significant reminder of colonial Calcutta's social welfare initiatives, particularly concerning the Anglo-Indian community.
The present form of the market, however, took shape over the past 150-odd years.
The market's establishment, with its architecture following the open-brick style and spread over 36 bighas, is closely tied to the Bengal Civil and Military Orphan Society. The society was formed after British officials discovered disturbing conditions affecting orphaned or abandoned children, particularly those of mixed Anglo-Indian heritage.
This society subsequently established two schools, including the Free School in Kidderpore, to support these 'Eurasian' orphaned or abandoned children, said retired bureaucrat and former Rajya Sabha MP Jawhar Sircar. Several years ago, Sircar served as the collector of the market, thanks to his role as the South 24 Parganas ADM.
Plots in Kidderpore were granted to the society by the British govt to generate revenue for their welfare activities.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Install the Perfect Pool at Home – Start Here
Backyard Pool | Search Ads
Learn More
Undo
The market's proceeds were directly used in supporting the society's charitable work.
It was found that earlier, the market was owned by one Collier. Later, the erstwhile British govt bought this market and started the work of expanding it in 1780. The responsibility was given to Captain Becker. The market formation began around 1820, but it slowly achieved its form over a span of the last 150 years.
This market is mainly divided into three parts: Government Orphanganj Bazar, Kali Bazar, and Chamaria Building.
It controls almost all the markets of South 24 Parganas. At present, the market is mainly known for its milk-based products, with the butter and ghee mandis and spices being the main ones. On the periphery, multiple consumer item trading, including perfumes, is also carried out.
The market's informal economy, where unaccounted stalls were set up, has operated without formal accounting systems for the past four decades. An effort was made in 2007 by the Left Front govt to develop it into a mall, and multiple plans were mooted where around 400 traders were summoned. However, it did not materialise. At present, the administration wants a full survey of the ownership and the losses suffered by the traders.
This will also establish the exact number of owners of the market, said sources.
Sudipto Das)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India Consulting World Oil Map for Alternative Sources
India Consulting World Oil Map for Alternative Sources

Time of India

time20 minutes ago

  • Time of India

India Consulting World Oil Map for Alternative Sources

Indian refiners are considering West African nations and other alternative energy sources to secure additional fuel supplies, should Iran attempt to block the Strait of Hormuz — a critical choke point for global oil and gas transit —as its conflict with Israel intensifies, said oil industry executives. Since the outbreak of the Iran-Israel hostilities on Friday, top oil ministry officials and industry executives are analysing various scenarios and evaluating all possible responses to potential supply disruptions and price spikes. About 40% of India's total crude imports, and 54% of its liquefied natural gas (LNG) supplies, would be at risk if the conflict leads to a closure of the Strait of Hormuz, the narrow sea passage between Iran and Oman that carries nearly 30% of global oil trade and 20% of LNG shipments. Executives at Indian refiners and gas companies, however, believe Iran won't enforce a blockade, citing history. A potential closure would likely send prices soaring, drawing the US into a direct confrontation with Iran, while alienating Gulf nations and other oil import-dependent countries, executives said. Blocking the strait would not only disrupt Gulf oil and gas exports, including Iran itself, but also hinder imports of essential items. This, an executive said, would serve as a strong deterrent to Tehran. Indian refiners are not resorting to 'panic buying' for now, a second executive said. However, the are prepared for any eventuality, the executive said, adding that 'closure of the strait would shrink the global pool of available oil and gas. No matter how carefully you prepare, every economy would feel the impact of a supply crunch and price spike.' 'If India turns to West Africa for additional supplies, other importers are likely to follow,' another executive said, underscoring the complexity of the situation. India imports about 90% of its crude oil needs, with local refiners relying on the Gulf for a major portion of their supplies. Of India's total crude imports, around 35% comes from Russia, a little over 40% from the Gulf, and the rest from Africa, the US and other sources. Africa's share of imports dropped to 5% in May from 12% in April. In 2024, India sourced 54% of its LNG requirements from the Gulf, with Qatar supplying 80% and UAE the remainder. Qatar, among the world's top three LNG exporters, plays a key role in global gas supply, and any disruption to its exports could send spot LNG prices soaring. Even long-term LNG prices could rise, as 60% of India's long-term contracts are linked to crude rates. The global LNG market is not as evolved as the oil market, with very limited sources of alternative supplies. During the 2022 global energy crisis, a former Gazprom unit reneged on its LNG supply contract with India's GAIL, forcing the latter to cut supplies to domestic users. India does not have strategic gas storage, though it does maintain strategic crude reserves. However, New Delhi does not disclose data on national oil and gas inventories. According to the oil ministry, India has total crude and petroleum product storage 'capacity' equivalent to 74 days of national consumption. This includes strategic reserves that can cover 9.5 days of demand. Total capacity includes inventory at refineries, pipelines, ships enroute, product depots, and empty tanks that can hold crude or refined products, executives said.

Aquarius Daily Horoscope Today, June 17, 2025: Celebrate quietly, even if alone
Aquarius Daily Horoscope Today, June 17, 2025: Celebrate quietly, even if alone

Time of India

time22 minutes ago

  • Time of India

Aquarius Daily Horoscope Today, June 17, 2025: Celebrate quietly, even if alone

Today is about self-recognition. You've walked a long road, made hard choices, and learned quietly. Maybe others didn't clap, maybe no one noticed—but the stars see you. Celebrate how far you've come, even if no one else does. Don't wait for outside approval. Your growth is your own. Sit with a smile and thank yourself for surviving days you thought you couldn't. Today brings peaceful pride. Honour it in your own way. No spotlight is needed—only self-respect and quiet joy. Aquarius Love Horoscope Today In love, let appreciation begin with you. If you're in a relationship, notice how you've become more understanding, more balanced. Share that feeling with your partner, not through drama, but with calm presence. If single, don't feel you are lacking something. You've come far emotionally. Appreciate your healing, and don't settle just to feel accepted. The right person will celebrate you for your depth, not just your smile. Today, speak kindly to yourself. That energy will bring love closer. Aquarius Career Horoscope Today Career shows small signs of recognition today, even if not publicly. A senior or client may notice your consistency. Keep your focus. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo You don't need applause to stay committed. Let your own sense of discipline be your motivation. If others are being celebrated, don't feel small. Your time is coming. Quiet workers often create lasting value. Take one more solid step forward. Your reward is in the progress you feel inside, not just in what the world sees. Aquarius Money Horoscope Today Money matters may not bring sudden gains, but your careful past actions are protecting you today. Maybe you chose not to overspend, maybe you saved quietly—today those choices matter. Give yourself credit. It's okay to feel satisfied with simple financial stability. You may also find a small way to treat yourself without guilt. Do it. Celebrate modest victories. No need to explain your spending or saving choices. Inner pride grows when you respect your own efforts. Aquarius Health Horoscope Today Health is steady but may feel slow. That's not a problem. Healing is happening, but quietly. Maybe your skin feels better, digestion is more stable, or sleep is deeper. These are wins. Celebrate them. If there's still something bothering your body, take comfort in the fact that you're listening now. Continue your slow routines—herbal drinks, warm food, light walks. Avoid comparing your energy to others. Your body is on its own timeline. Honour that. Healing doesn't need to be loud. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .

Biocon launches QIP to raise  ₹4,500 crore
Biocon launches QIP to raise  ₹4,500 crore

Mint

time23 minutes ago

  • Mint

Biocon launches QIP to raise ₹4,500 crore

Indian biopharmaceutical firm Biocon Ltd is looking to raise $523 million ( ₹4,500 crore) by selling 11.6% stake through a qualified institutional placement (QIP) issue, showed a term sheet. The company has set a floor price of ₹340.20 per equity share, and an indicative floor price of ₹323.20 per equity share, according to the term sheet reviewed by Mint. The funds will be used to purchase outstanding optionally convertible debentures issued by the company's subsidiary Biocon Biologics from Goldman Sachs AIF schemes, and to repay the company's debts. Biocon has a net debt of about $1.2 billion, excluding structured instruments. BofA Securities India Ltd, Kotak Mahindra Capital, and Goldman Sachs (India) Securities Private Ltd are acting as lead managers to advise Biocon on the fundraise. Also read | Biocon to evaluate merger with subsidiary Biologics The company launched the QIP after market hours on Monday. Biocon's shares closed at ₹356.95 on the NSE on Monday, up 0.44%. The company's market cap is at ₹428.13 billion. Biocon did not immediately respond to a query emailed by Mint. On 23 April, the company's board had approved raising ₹4,500 crore by issuing securities via QIPs, rights issue, or other permissible routes, in one or more tranches. The company had sought shareholder approval for the fundraise via a postal ballot dated 2 May 2025. It had earlier said that it plans to complete the first tranche of equity sale by mid-June 2025. 'These funds will be used to meet financial commitments related to Biocon and its subsidiaries," the company's managing director and chief executive officer Siddharth Mittal had told Mint in an earlier interview. Read this | Biocon Biologicals' IPO only after integrating Viatris: CEO Biocon's board has a committee to evaluate strategic restructuring options, including a merger of its biosimilars arm Biocon Biologics Ltd with Biocon Ltd. The company had previously expressed plans to list the subsidiary on the stock exchanges. '…given the market volatility that we are seeing on the IPO front, the board was of the opinion that we should look at other strategic options, which also includes evaluating a merger," Kiran Mazumdar-Shaw, chairperson, Biocon Group, told investors in a post-earnings earnings call last month. The company's consolidated revenue for FY25 was ₹16,470 crore, up 5% from the previous year, while it reported an Ebitda of ₹4,374 crore and a net profit of ₹1,013 crore. And read | Serum arm to double investment in Biocon unit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store