January 17 : Delegating work works, provided the one delegating works, too.

On this day, 17 Jan....

1601 - Akbar, after eight month's siege, entered Asirgarh one of the strongest forts in India.

1871 - U.S. patent was issued to Andrew S Hallidie for an “endless wire rope way” subsequently used for the first cable car to be put into service in the world for public transport.

1905 - The first U.S. patent was issued for a punchboard to Charles A. Brewer and Clinton G. Scannell of Chicago, Illinois, described as “vending devices".

1928 - the first U.S. patent for a fully automatic photographic film developing machine was issued to its inventor, Anatol M. Josepho. It was an apparatus for developing film strips.

1941 - Subhashchandra Bose went underground at Calcutta. (He appeared in Moscow after some days).

1946 - United Nations Security Council holds its 1st meeting.

1981 - Central Government offers full statehood to Mizoram.

1991 - Operation Desert Storm begins - U.S. led allies vs Iraq.

2012 - India and China agree to build a functional plan to address border issue

2013 - In efforts to turn its back on nuclear power, Japan announces plans to build the world's largest offshore wind farm in the Fukushima Prefecture, near the site of the Fukushima Daiichi Nuclear Power Plant.

Born

1917 - Dr. Maruthur Gopala Ramachandran, (M.G.R.), Indian film star, politician and charismatic Chief Minister of Tamil Nadu.

1918 - Kamal Amrohi, screenwriter.

1933 - Aga Khan, religious leader.

1945 - Javed Akhtar, writer.

1950 - Honey Irani, writer.

1951 - Bindu, actress.

RIP

1988 - Leela Mishra, actor.

2014 - Suchitra Sen, actor.

Titbits

1916 - Professional Golfer Association (PGA) forms in New York City.

You may have known....

Earth has a magnetic field because of the ocean of hot, liquid metal that sloshes around its solid iron core, or that's what geophysicists are pretty certain is the cause. This flow of liquid creates electric currents, which, in turn, generate the magnetic field.

Economic News

*FMCG and IT co's thinking to file petition in court seeking more clarity on anti profiteering clause.

*Agriculture sector will get the top priority in the union budget.

*Finished steel goods export rises 29% and import falls 26%.

*Realty sector hoping for lower GST in budget.

*TCS looking at double digit expansion in 2018-19

*IT dept may conduct more survey,searches etc   in the next 3 month as the CBDT renewed focuses on unaccounted cash deposited in banks post demonetisation.

*IT,infra.Auto and oil & gas likely to gain.

*Nifty may touch 10800 and then head to 11300.

*Govt is planning to review the independent director functioning.

*Sebi approaches PMO and MCA to look into the NPA disclosure rule by listed co's.