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A first-tier subsidiary is a subsidiary/child company of the ultimate parent company, [note 1] [10] while a second-tier subsidiary is a subsidiary of a first-tier subsidiary: a "grandchild" of the main parent company. [11] Consequently, a third-tier subsidiary is a subsidiary of a second-tier subsidiary—a "great-grandchild" of the main parent ...
The position was thus that the Union government continues to use English in addition to Hindi for its official purposes [13]: 3(1) as a "subsidiary official language", [22] but is also required to prepare and execute a program to progressively increase its use of Hindi.
A subsidiary alliance, in South Asian history, was a tributary alliance between an Indian state and a European East India Company. Under this system, an Indian ruler who formed a agreement with the company in question would be provided with protection against any external attacks.
Diversification results in a reduction of investment risk. A downturn suffered by one subsidiary, for instance, can be counterbalanced by stability, or even expansion, in another division. For example, if Berkshire Hathaway's construction materials business has a good year, the profit might be offset by a bad year in its insurance business.
SIDBI was established on April 2, 1990, by Government of India, as a wholly owned subsidiary of IDBI Bank. It was delinked from IDBI w.e.f. March 27, 2000. It was delinked from IDBI w.e.f. March 27, 2000.
Hindustan Unilever Limited (HUL) is an Indian fast-moving consumer goods company, headquartered in Mumbai. [3] It is a subsidiary of the Anglo-Dutch company Unilever.Its products include foods, beverages, cleaning agents, personal care products and other consumer staples.
MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it. Presently, the authorized capital of MUDRA is 1000 crores and paid up capital is 750 crore, fully subscribed by SIDBI. [6] More capital is expected to enhance the functioning of MUDRA.
A princely state (also called native state or Indian state) was a nominally sovereign [1] entity of the British Indian Empire that was not directly governed by the British, but rather by an Indian ruler under a form of indirect rule, [2] subject to a subsidiary alliance and the suzerainty or paramountcy of the British crown.