East India House East India House East India House was the London headquarters of the East India Company, from which much of British India was governed until the British government took control of the Company's possessions in India in 1858. It was located in Leadenhall Street in the City of London. The first East India House on the site was an Elizabethan mansion, previously known as Craven House, which the Company first occupied in 1648. This was completely rebuilt in 1726–29; and further remodelled and extended in 1796–1800. It was demolished in 1861. The Lloyd's building, headquarters for Lloyd's of London, was built
Commercial paper in India Commercial Paper in Indian money market is an innovation in the Financial system of India. Prior to injection of Commercial Paper in Indian money market i.e. before 1990, the corporate companies had to depend upon the crude and traditional method of borrowing working capital from the commercial banks by pledging the inventory of raw materials as Collateral security. It involved more loss of time for the borrowing companies in availing the short-term funds for day-to-day production activities. The commercial paper has become effective instrument for these corporate companies to avail the short-term funds from the money market within shortest possible