Latest news with #non-European
India.com
35 minutes ago
- Business
- India.com
The orphan man was once Bombay's biggest merchant, received 'Knight' title by Queen Victoria, donated all his money to... he was...
In 19th-century India, creating a name for both trade and social service was a challenging task. However, an orphaned Parsi boy, Indian, was able to create history through hard work, vision, and benevolence. His name was Jamsetjee Jeejeebhoy. Jamsetjee was born on July 15, 1783, in Bombay (now Mumbai) to a common Parsi family. After the early death of both parents, Jamsetjee lived with his uncle. Born into poverty and a lack of formal education, Jamsetjee carved out his life through sheer willpower and intellect. Jamsetjee Jeejeebhoy was just 15 years old when he entered the world of commerce. He initially worked with his uncle to gain experience in the trade of opium and cotton. A few years in, he started his own company and expanded his trade overseas, including to China. Before long, he was one of the leading merchants of Bombay (now Mumbai) and well-respected. However, Jamsetjee Jeejeebhoy was not solely known as a prosperous businessman. He invested many years of his life in social service. His legacy rests in the creation of the JJ Hospital and the JJ School of Art, both of which he financed to a very considerable degree. Jamsetjee's philanthropy extended beyond the Parsi community, but he assisted people of all religions and communities. He set up dharamshalas (rest houses), schools, orphanages, and other educational facilities. The sum of money he contributed in those days was in lakhs of rupees, a sum that would be equivalent to probably crores today, and an extraordinary legacy of generosity and social service. In 1842, he was knighted by Queen Victoria and in 1857 given a hereditary baronetcy; in both cases he was the first Indian subject to receive these honours, as reported by the Royal Collection Trust's official website. Sir Jamsetjee Jeejeebhoy has been described as 'the most famous Parsi of his time and perhaps the first famous non-European colonial subject' because of his honours and public charity. According to the Sir JJ School of Arts, after a preliminary visit to Calcutta, he undertook a voyage to China, then fraught with so much difficulty and risk that it was regarded as a venture betokening considerable enterprise and courage; and he subsequently initiated a systematic trade with that country, being himself the carrier of his merchant wares on his passages to and fro between Bombay and Canton and Shanghai. 'His second return voyage from China was made in one of the East India Company's fleet, which, under the command of Sir Nathaniel Dance, defeated the French squadron under Admiral Linois (Feb. 15, 1804),' reads the official website of Sir JJ School of Arts. It further added, 'The total of his known benefactions amounted at the time of his death, which took place in 1859, to over 230,000. It was not, however, the amount of his charities so much as the period and circumstances in which they were performed that made his benevolent career worthy of the fame he won.'
&w=3840&q=100)
Business Standard
2 days ago
- Automotive
- Business Standard
Tata Motors in talks to acquire European truckmaker Iveco: Report
Italy's Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India's Tata Motors has approached Exor, the Agnellis' investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco's IDV defence business. Exor and Iveco declined to comment. Tata Motors did not reply to a request for comment. Shares in Iveco jumped as much as 9.7 per cent on the Milan bourse following the news published by Reuters. The stock ended trading up 8.3 per cent on Friday. Italian trade unions also reacted to the Reuters report, asking Industry Minister Adolfo Urso to be summoned to discuss the company's prospects. Iveco said in May it would press ahead with plans to either spin off its defence business by the end of 2025 or sell it, having already received offers from potential buyers. A third source said that, as the separation process of the defence unit was progressing, Exor had started talks with more than one non-European counterpart over a possible sale. The talks over the sale of Iveco and Tata Motors' approach have not been reported before. Exor owns a 27.1 per cent stake in Iveco, with 43.1 per cent of voting rights in the Turin-based truck maker. Iveco, which also makes buses and engines, has a market capitalisation of around 4.2 billion euros ($4.9 billion). It is the smallest among Europe's leading truck makers - a market led by Volvo, Daimler and Traton - and has often been seen as a potential M&A candidate by investors and analysts. However, its presence in the sensitive business of defence has so far complicated any possible deal and restricted the pool of potential buyers. The Italian government in 2021 blocked an offer for Iveco from Chinese rival FAW. Iveco was at that time part of the Agnelli-controlled industrial conglomerate CNH. It was spun off and separately listed at the beginning of 2022. Iveco has received three offers for its defence business, according to two sources: a joint one from Italian defence company Leonardo and Germany's Rheinmetall, and two others from Franco-German tank maker KNDS and arms company Czechoslovak Group. These offers value IDV at up to 1.9 billion euros, according to Bloomberg. Iveco employs around 36,000 people, including 14,000 in Italy. Any M&A transaction involving Iveco is expected to fall under Rome's 'golden power' legislation, allowing it to set conditions on deals affecting companies deemed of national strategic interest. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Automotive
- Time of India
Tata Motors approaches Italy's Agnelli family to buy controlling stake in Iveco
Italy's Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India's Tata Motors has approached Exor , the Agnellis' investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco's IDV defence business. Exor and Iveco declined to comment. Tata Motors did not reply to a request for comment. Iveco said in May it would press ahead with plans to either spin off its defence business by the end of 2025 or sell it, having already received offers from potential buyers. A third source said that, as the separation process of the defence unit was progressing, Exor had started talks with more than one non-European counterpart over a possible sale. The talks over the sale of Iveco and Tata Motors' approach have not been reported before. Exor owns a 27.1% stake in Iveco, with 43.1% of voting rights in the Turin-based truck maker. Iveco, which also makes buses and engines, has a market cap of around 4.2 billion euros ($4.9 billion). It is the smallest among Europe's leading truck makers - a market led by Volvo, Daimler and Traton - and has often been seen as a potential M&A candidate by investors and analysts. However, its presence in the sensitive business of defence has so far complicated any possible deal and restricted the pool of potential buyers. The Italian government in 2021 blocked an offer for Iveco from Chinese rival FAW. Iveco was at that time part of the Agnelli-controlled industrial conglomerate CNH. It was spun off and separately listed at the beginning of 2022. Iveco has received three offers for its defence business, according to two sources: a joint one from Italian defence company Leonardo and Germany's Rheinmetall, and two others from Franco-German tank maker KNDS and arms company Czechoslovak Group (CSG). These offers value IDV at up to 1.9 billion euros, according to Bloomberg. Iveco employs around 36,000 people, including 14,000 in Italy. Any M&A transaction involving Iveco is expected to fall under Rome's 'golden power' legislation, allowing it to set conditions on deals affecting companies deemed of national strategic interest.
Time of India
2 days ago
- Automotive
- Time of India
Tata Motors approaches Italy's Agnelli family to buy controlling stake in Iveco
Italy's Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India's Tata Motors has approached Exor , the Agnellis' investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco's IDV defence business. Explore courses from Top Institutes in Select a Course Category Technology PGDM Leadership MBA Finance Data Science Data Science Data Analytics Project Management MCA Degree Design Thinking others Others Healthcare Digital Marketing healthcare Product Management CXO Cybersecurity Artificial Intelligence Operations Management Public Policy Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Exor and Iveco declined to comment. Tata Motors did not reply to a request for comment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tiruvallur: 1 Trick to Reduce Belly Fat? Home Fitness Hack Shop Now Undo Iveco said in May it would press ahead with plans to either spin off its defence business by the end of 2025 or sell it, having already received offers from potential buyers. A third source said that, as the separation process of the defence unit was progressing, Exor had started talks with more than one non-European counterpart over a possible sale. Live Events The talks over the sale of Iveco and Tata Motors' approach have not been reported before. Exor owns a 27.1% stake in Iveco, with 43.1% of voting rights in the Turin-based truck maker. Iveco, which also makes buses and engines, has a market cap of around 4.2 billion euros ($4.9 billion). It is the smallest among Europe's leading truck makers - a market led by Volvo, Daimler and Traton - and has often been seen as a potential M&A candidate by investors and analysts. However, its presence in the sensitive business of defence has so far complicated any possible deal and restricted the pool of potential buyers. The Italian government in 2021 blocked an offer for Iveco from Chinese rival FAW. Iveco was at that time part of the Agnelli-controlled industrial conglomerate CNH. It was spun off and separately listed at the beginning of 2022. Iveco has received three offers for its defence business, according to two sources: a joint one from Italian defence company Leonardo and Germany's Rheinmetall, and two others from Franco-German tank maker KNDS and arms company Czechoslovak Group (CSG). These offers value IDV at up to 1.9 billion euros, according to Bloomberg. Iveco employs around 36,000 people, including 14,000 in Italy. Any M&A transaction involving Iveco is expected to fall under Rome's 'golden power' legislation, allowing it to set conditions on deals affecting companies deemed of national strategic interest.
The Irish Sun
3 days ago
- Sport
- The Irish Sun
Leinster Rugby make drastic change to new jersey ‘to align with wider club values' in major break from tradition
LEINSTER RUGBY has revealed the club's new home jersey - with a major change to previous kits. The province has ditched the four stars that used to adorn the shirt, representing their four 3 Leinster Rugby revealed a new home kit for 2025/26 Credit: Twitter/Leinster Rugby 3 Jamison Gibson-Park, Josh van der Flier, and Sam Prendergast modelled the shirt Credit: Twitter/Leinster Rugby 3 The shirt will no longer bear the four stars representing their Champions Cup titles Credit: Twitter/Leinster Rugby And while Leo Cullen's men will once again go in search for their fifth title in 2025/26, their past success will not be represented on the kit in non-European competition. The four stars will, however, remain on the European jersey worn in the Investec Champions Cup, in celebration of the victories in 2009, 2011, 2012 and 2018. Explaining why, Rugby club values, to ensure that the playing kit celebrates all the players and all the teams that wear it." The new kit will be worn by the men and women's teams, as well as the age grade and junior rugby squads this forthcoming season. Read More on Leinster Rugby They will be worn competitively for the first time in the upcoming Vodafone Senior Women's Interprovincial Championship next month. Leinster Rugby CEO Shane Nolan, said, 'This decision reflects our ambition to be representative of the whole club, across all teams and all competitions . 'We are incredibly proud of our Champions Cup history and the stars will remain on our European jersey, but we also believe the home jersey should speak to and celebrate the full Leinster journey for our men's and our women's teams and of course our age grade and junior rugby representative teams – past, present and future . 'There is no doubt that the landscape is changing. Most read in Rugby Union "We are entering a period of huge opportunity and growth for the women's game, in particular, and we want to be ahead of that change as best we can on a number of fronts. "This is just one example and Castore have worked very closely with us on that, as well as consulting with our players. Inside Scotland and Lions hero's stunning house that boasts giant basement room with bar for FIFTY people to party 'Importantly, the stars will remain on our European kit, as a proud tribute to our Champions Cup achievements and the rich legacy behind them. 'This new jersey represents us all. "We think that supporters will love it, and that our players will love pulling it on.' Fourteen Leinster players are currently with the British & Irish Lions for their tour of Australia . And seven of those have been named to start in the opening test against the Wallabies. Australia on Saturday morning at 11am Irish time, with the Provincial teammates And when it comes to the forwards,
