May 31: Silence is a source of great strength.

On this day, 31 May...

1678 - Lady Godiva rode naked through Coventry in a protest of taxes.

(She was an 11th-century Anglo-Saxon noblewoman who, according to a legend dating at least to the 13th century, rode naked – covered only in her long hair – through the streets of Coventry to gain a remission of the oppressive taxation that her husband imposed on his tenants. Incidentally, the name "Peeping Tom"   originates from later versions of this legend in which a man named Tom watched her ride and was struck blind or dead).

1884 - A patent for “flaked cereal” was applied for by Dr. John Harvey Kellogg. He was trying to improve the vegetarian diet of his hospital patients, by searching for a digestible bread-substitute by the process of boiling wheat. Kellogg accidentally left a pot of boiled wheat to stand and become tempered. When it was put through a rolling process, each grain of wheat emerged as a large, thin flake. When the flakes were baked, they became crisp and light, creating an easy to prepare breakfast when milk was added. His brother Will Keith Kellogg began his cereal-making career in the 1890’s when he assisted his brother, then saw the potential, and on 19 Feb 1906, he created the Battle Creek Toasted Corn Flake Co.

1907 - Taxis 1st began running in New York City.

1941 - Electric eye detectors were first used to measure high-jumping height attained.   A light source, which could be moved up or down the vertical pole stand on one side, produced four parallel light beams, an inch apart, focussed on four electric eyes on the other vertical stand. A control box indicated with red lights any beams broken as the jumper passed over the pole, making the measurement of the height the athlete achieved both quick and accurate.  

1941 - 1st issue of the publication "Parade" goes on sale.

1970 - Indira Gandhi called for international help as the civil war in Bangladesh, or East Pakistan, had turned two million people into refugees. Many of them were suffering from cholera and smallpox. The authorities of West Pakistan refused to care for them, and India couldn't afford to.

1987 - Daman and Diu to remain as union territories after Goa becomes the 25th state of India.

1998 - B. R. Rawat, an Indian diplomat, is assaulted by a Pakistani private security guard in Islamabad.

2012 - In India, a nationwide strike against rising gas prices closes shops and interrupts public transport across the country.

Born

1925 - Raj Khosla, film director. He was known as a "women's director" because he showcased actresses at their best. C.I.D, Woh Kaun Thi?, Mera Saaya, Dostana and Main Tulsi Tere Aangan Ki were some of his hit films.

1928 - Pankaj Khirod Roy, cricketer (opener, 413 partnership w/Vinoo Mankad). Recipient of Padmashree (1975).

RIP

1935 - Quake kills 50,000 in Quetta, Pakistan.

2002 - Subhash Gupte, cricketer.

2009 - Kamala Das, writer.

Titbits

1917 - 1st jazz record released (Dark Town Strutters Ball).

1919 - 1st wedding held in an aircraft (over Houston, Texas).

1991 - Oldest bride - Minnie Munro, 102, weds Dudley Reid, 83, in Australia.

You may have known...

According to a 2011 study, India’s Parle-G biscuits were the world’s No 1 selling biscuits.

Business News

• Income Tax Department Starts Flipkart-Walmart Deal Audit.

• GST Portal Enables the Form GST DRC-03 for Making Voluntary Payments by a Taxpayer.

• ICAI issues Accounting Standards for Local Bodies.

• PWC Resigns as Auditor of Listed Company Atlanta Limited as it did not share details of Income Tax Probes against it and Exit of Independent Director.

• Sec 54 Benefit Available If Re-Investment in Three Plots is for Common Use of Family: Kolkata Bench of ITAT in ACIT vs. Reshmi P. Loyalka.

• NCLAT Stays Insolvency Proceedings Against Rcom and its two subsidiaries. This was after the Ericsson, an Unsecured Creditor of RCom, agreed to an out-of-court settlement with RCom for ₹550 crore against its claims of ₹1,150 crore.

• NSEL Money Laundering Case: Enforcement Directorate (ED) Conducts Fresh Raids in 5 States i.e. Delhi, Chandigarh, Ahmedabad, Mumbai, and Bengaluru.

• NSE Co-Location Case: CBI Registers Case Against Stock Broker Sanjay Gupta, owner and promoter of OPG Securities Pvt Ltd and others, for Manipulating NSE System.

• ICICI Bank to Probe Charges Against CEO Chanda Kochhar.

• RBI Says No Option for Mastercard, Visa & American Express: Have to move Data Centres in India.

May 30: When you reach the end of your rope, tie a knot in it and hang on.

On this day, 30 May...

1821 - A fire hose of cotton web lined with rubber was patented by James Boyd of Boston. He invented it to replace the riveted leather hose, which had many drawbacks, including drying out, cracking and bursting from excessive pressure. 

1848 - An early U.S. patent for an ice cream freezer was issued to William G. Young of Baltimore.  (The first freezer patent was issued to Nancy M Johnson on 9 Sep 1834, which had a revolving shaft inside with two curved wings to move the cream in the freezer. Young's idea made the freezer itself turn rapidly within the ice-tub as well as the cream inside. A piston-rod had a perforated disk at its end to move the cream. It was designed to be used while both agitating the cream and turning the freezer using the weighted top-mounted handle. The beating both moved the cream into better contact with the cold sides, and the air trapped with its motion serves to make the cream lighter).

1856 - The first milk quality law in the U.S. was signed by the Governor of Massachusetts prohibiting adulteration of milk.

1883 – In New York City, a rumor that the Brooklyn Bridge is going to collapse causes a stampede that crushes twelve people.

1959 - The first experimental hovercraft made its first trip. It was designed by Sir Christopher Cockerell and built by Saunders-Roe. The invention was considered initially only for military use but was released for civilian use in 1959.

1971 - Mars probe:  The U.S. Mars space probe Mariner 9 blasted off from Cape Kennedy, Florida. It carried cameras, infrared spectrometer and radiometer, ultraviolet spectrometer, radio occultation and celestial mechanics instruments. On 13 Nov 1971, it entered orbit as the first artificial satellite of Mars. After waiting for a month-long planet-wide dust storm to clear, it began compiling a global mosaic of high-quality images for 100% of the Martian surface. The photos showed gigantic volcanoes, a grand canyon stretching 4,800 kilometers and relics of ancient riverbeds that were carved in the landscape of this seemingly dry and dusty planet. It also sent the first close-up pictures of the two Martian moons, Phobos and Deimos.

1987 - Goa becomes the 25th state of India.

1998 – Nuclear Testing: Pakistan conducts an underground test in the Kharan Desert. It is reported to be a plutonium device with a yield of 20kt.

1999 - India rejects U.N. offer to send a special envoy to defuse Indo-Pak tensions.

2015 - Concerns over security in the Asia-Pacific region are raised after a U.S. surveillance flight identifies artillery on one of the man-made islands under development by China in the South China Sea.

Born

1950 – Paresh Rawal, film actor, producer, and politician.

1961 - Vinod Kumar Saxena, Advocate and Social worker.

1970 – Ness Wadia, businessperson.

RIP

1912 - Wilbur Wright, American inventor, and aviator, who with his brother Orville, invented the first powered airplane, Flyer, capable of sustained, controlled flight

2013 - Rituparno Ghosh, film director. (“Rituparno's comparison is only Rituparno. Bengal has lost a golden man of the golden era” – Mamata Banerjee’s obituary).

You may have known...

Each year 2,500 Crores worth of hair is bought & sold in India.

Business News

• GST Portal Enables Facility of Tracking ARN for Exports.

• No Late Fee for Delayed filing of GSTR-5A: GSTN.

• With an estimated Rs 20,000 Crore Exporters' Refund Still Stuck, Govt. will launch the 2nd phase of Refund Fortnight beginning May 31 to Fast-Track Clearances.

• CBIC Notifies National Academy of Customs, Indirect Taxes & Narcotics (NACIN) as the authority for conducting the examination for GST Practitioners under rule 83(3) of the CGST Rules, 2017.

• Roto-mac Bank Fraud Case: Enforcement Directorate (ED) Attaches Rs 177 Crore Assets of Roto-mac Global and its Directors.

• Kanishk Gold MD Bhoopesh Kumar Jain, arrested by Enforcement Directorate for defrauding 14 banks of Rs 824 crore.

• RCom offers an Upfront Payment of Rs 500 Crore to its Operational Creditor Ericsson.

• NSE will not levy Any Transaction Fee on the trades done in Cross Currency Derivatives for 3 more months till August 31 in order to Encourage Active Participation in such contracts.

• SEBI Bans 2 Brokers -F6 Finserve & F6 Commodities and their Eight Former And Present Directors from the Securities Market in a matter related to Misutilisation of Funds and Securities of Clients.

• AirAsia CEO Tony Fernandes, & others Booked by CBI, over Alleged Violation of Norms for getting International Flying Licenses.

May 29 : Don't judge each day by the harvest you reap but by the seeds that you plant.

On this day, 29 May...

1883 - Thomas A. Edison received a series of patents for some of his electrical inventions. One patent was for a "Dynamo-Electric Machine", and two for a "Regulator for Dynamo-Electric Machines". Three of the patents covered the "Manufacture of Incandescing Electric Lamps", and one for an "Apparatus for Translating Electric Currents From High to Low Tension,". In addition, a Design Patent No. 13940 was issued for a "Design for Incandescing Electric Lamp."

1885 - Jan Matzeliger gave a public demonstration in Massachusetts, of his newly-invented machine's ability to mass-produce shoes, and replace the tedious hand work previously required to attach the sole to the upper of a shoe. On this day, it is said he produced 75 pairs of women's shoes under factory conditions, many more than was possible by hand workers. His first patent on his shoe-lasting invention was issued on 20 Mar 1883. With investors, his production model was quickly adopted by and revolutionized the shoe industry.

1886 – The pharmacist John Pemberton places his first advertisement for Coca-Cola, which appeared in The Atlanta Journal.

1898 - The heirs of Alfred Nobel sign a "reconciliation agreement" so that lawyers and accountants can execute his will. The will's major bequest was to create the Nobel Prizes, but first, there were disputes to be settled.

1919 - A solar eclipse permitted observation of the bending of starlight passing through the sun's gravitational field, as predicted by Albert Einstein's theory of relativity.  The verification of predictions of Einstein's theory proved during the solar eclipse was a dramatic landmark scientific event.

1932 – World War I veterans begin to assemble in Washington, D.C., in the Bonus Army to request cash bonuses promised to them to be paid in 1945.

1951 - A patent for improved sulfonamide drugs was issued to James W. Clapp and Richard O. Roblin. {Sulfa drugs are members of a group of synthetic antibacterial drugs containing the sulfanilamide molecular structure. Sulfonamides (first observed in 1932) were the first chemical substances that were systematically used to cure and prevent bacterial infections in humans}.

1953 – Edmund Hillary and Sherpa Tenzing Norgay become the first people to reach the summit of Mount Everest, on Tenzing Norgay's (adopted) 39th birthday.

1965 - Indian Everest team sets a world record by climbing the Everest for the fourth time.

1968 - Dara Singh becomes the world wrestling champion.

1982 - Naval Academy at Ezhimala, Kerala, was approved by Union Cabinet.

Born

1903 - Bob Hope, English-American actor, singer, and producer. 

1947 - Air Chief Marshal  Fali Homi Major, former Air Chief.

1954 - Pankaj Kapoor, actor.

RIP

1972 – Prithviraj Kapoor, Pakistani-Indian film actor, and director.

1987 – Chaudhary Charan Singh, former (5th) Prime Minister, leader of farmers and freedom fighter.

You may have known...

India has the world’s smallest prison population.

Business News

• Oil Ministry Gives In-Principle Nod to Launch Petrol, Diesel Futures: Indian Commodity Exchange Ltd (ICEX).

• Binani Cement Lenders Vote in Favour of Ultratech Offer of Rs 7,950 Crore.

• GSTN will not be available on 2nd June 2018 as a Major Disaster Recovery Drill is scheduled for that day. GST System services will not be available during this time.

• Sale of a Going Concern by a business house will not attract GST, as per an order by the Karnataka bench of the Authority for Advance Ruling (AAR).

• Representatives from Apparel Export Promotion Council (AEPC) raised Issues Related to blockage of GST Refunds and Delay in Disbursal of Rebate on State Levies (RoSL) Dues in a meeting with Finance Minister Piyush Goyal and Textiles Minister Smriti Irani on Monday.

• Finance Ministry clarifies that Renting or Leasing of Land by Farmers for Agriculture, Forestry, Fishing or Animal Husbandry is exempt from the GST.

• NSDL Executive CA Sudha Balakrishnan has been appointed the First Ever Chief Financial Officer (CFO) of the Reserve Bank of India (RBI) effective May 15, in the Biggest Organisational Change since Urjit Patel took over as RBI Governor in Sept 2016. She will be the 12th Executive Director of the RBI and will have a three-year term.

• CBIC Notifies New Customs Audit Regulations, 2018 which provides for Rs. 50,000 Fine on Audit Professionals in case of Default.

• RCom Plea Against Insolvency to be heard by NCLAT on May 29 i.e. Today.

• SBI is set to Initiate Bankruptcy Proceedings Against Fugitive Businessman Vijay Mallya in the UK to Mount Additional Legal Pressure on him for the recovery of loans.

• Confederation of All India Traders (CAIT) Files Petition Against Walmart-Flipkart deal in CCI, which it thinks will help Walmart to create an unfair competition and uneven level playing field.

• RBI Brings in Tough New Performance Checks for Companies Seeking to Invest Abroad. Only companies with a Proven Track Record will be Allowed to Invest through Overseas Direct Investment (ODI) Route in Overseas Subsidiaries and Joint Ventures.

May 28: None but ourselves can free our minds.

On this day, 28 May...

1897 -Jell-O was introduced, 52 years after Peter Cooper (inventor of the Tom Thumb engine) held the first U.S. patent for a gelatin dessert. Pearl B. Wait, a carpenter and cough medicine manufacturer from LeRoy, N.Y., produced varieties in strawberry, raspberry, orange, and lemon fruit flavors, named Jell-O by his wife, May Davis Wait. Sales were poor; Wait sold the Jell-O business for $450 to his neighbor, Orator F.Woodward, who had founded the Genesee Pure Food Co. two years earlier. Success came slowly, but with Woodward's creative sales and sampling strategies, Jell-O began to catch on. In 1902, when he launched his first advertising campaign in Ladies' Home Journal, sales eventually reached $250,000.

1932 - The last opening was sealed completing the 20-mile  long Barrier Dam (Afsluitdijk) in Holland to seal off the Zuyder Zee, a shallow inlet of the North Sea.

1934 - The Dionne quintuplets were born to Elzire Dionne at their family farm in the US.  All five babies survived infancy. When they were just 4 months old, the government removed the girls from their parents, saying it feared American promoters would exploit them. Instead, the infants were put into a nearby hospital where they were paraded, sometimes up to four times a day, before paying spectators for a decade. Their faces were plastered on soap and milk cartons and they became the grist for a series of movies and radio specials. They grew up as prize exhibits, a tragic exploitation of a family. 

1937 – Volkswagen, the German automobile manufacturer is founded.

1963 - Estimated 22,000 die in a cyclone in the Bay of Bengal. 

1965 - Fire and explosion at Dhori mine in Dhanbad India kill 400.

1971 - The U.S.S.R. Mars 3 was launched. It arrived at Mars on December 2, 1971. The lander was released from the Mars 3 orbiter and became the first spacecraft to land successfully on Mars.

1996 - 13-day-old BJP-led minority coalition govt. headed by A.B. Vajpayee quits at the end of a two-day debate on a motion of confidence. A left-wing coalition takes over headed by new prime minister H. D. Deve Gowda, Janata Dal leader.

1998 - Pakistan made its first public underground nuclear test, codenamed Chagai-I, exploding five nuclear devices, becoming the seventh nuclear power. This came after years of development led by Abdul Kadeer Khan. United States, Japan, and other nations to impose economic sanctions. (Shortly after the Indo-Pakistan War in 1971, following its defeat and break-up, Pakistan began a nuclear weapons programme, and had its own clandestine facility for uranium enrichment from the mid-1980s).

Born

1883 – Vinayak Damodar Savarkar, poet and politician. 

1903 – Shantanu L. Kirloskar, businessman, founded Kirloskar Group.

1923 - Nandamuri Tarak Ramarao, (NTR), film actor (292 films), director, producer, and politician; three-time CM of Andhra.  It was in college that he caught the acting bug while playing the female character in a stage play named Rachamalluni Dautyam. This was also the first time he won a prize for his acting.

RIP

1787 – Leopold Mozart, Austrian violinist, composer, and conductor.

1964 - Mehboob Khan, film director. (Best known for directing the social epic Mother India).

2010 – In West Bengal, a train derailment and subsequent collision kill 141 passengers.

You may have known...

India has the maximum number of mosques (30,000) in the world.

Business News

• GST to be Levied on Goods Stored In Customs Warehouse, Only On Final Clearance: CBIC.
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• RBI Governor Urjit Patel will appear before a Parliamentary Panel on June 12 to brief them about Banking Frauds and Mounting Bad Debts.
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• CBDT Notifies the Income Tax (6th Amendment Rules) wherein it is provided that only Merchant Bankers are entitled to do Valuation of Unquoted Shares and the Chartered Accountants are no more eligible to do so, which is a Big Setback for the CAs.

• All 7 ITR Forms Released For E-Filing: Income Tax Department.

• PNB fraud: After Vijay Mallya, ED is set to move a special court in Mumbai to Seek Permission for "Immediate Confiscation" of about Rs 7,000 Crore Assets of diamond jeweler Nirav Modi under the recently promulgated Fugitive Economic Offenders Ordinance.

• CCI has launched a public scrutiny of the mega-deal between Industrial Gas Firms Linde and Praxair, saying that it is of the prima facie view that the proposed merger is likely to have an appreciable adverse effect on competition. 

• The Bombay High Court will hear the dispute between the National Stock Exchange (NSE) and the Singapore Exchange on New Derivative Products on May 31.

• EPFO Cuts Administrative Charges from 0.65% to 0.5%. As a result, over 5 Lakh Employers Together Would Save Around Rs 900 Crore Annually, With Effect From June 1, 2018.

• ICAI issues Valuation Standards as a benchmark for Valuation Practices applicable for Chartered Accountants.

• Finance Ministry in talks with Investors to Set Up Strategic Investment Fund Under the National Investment and Infrastructure Fund.

May 27 : Turn your wounds into wisdom.

On this day, 27 May...

1796 - The first U.S. patent for a piano was issued to James Sylvanus McLean of New Jersey.  

1857 - Nana Sahib was captured at Kanpur.

1890 - Two U.S. patents for the first jukebox were issued to Louis Glass and his business associate, William S. Arnold  concerning a “coin actuated attachment for photographs.” Their first jukebox was a coin-operated Edison Class M Electric Phonograph This was before the time of vacuum tubes, so there was no amplification. For a nickel a play, a patron could listen using one of four listening tubes. Known as “Nickel-in-the-Slot” the machine was an instant success, earning over $1000 in less than half a year.

1919 - Pyrex glass was issued a U.S. patent to inventors, Eugene C. Sullivan and William C. Taylor.   Pyrex is the trademark for their sodium borosilicate glass.

1931 - Auguste Piccard and Charles Knipfer took man's first trip into the stratosphere when they rode their balloon to an altitude of 51,800 feet.

1952 - The use of Hindi language in addition to English language and of Devnagri form of numerals in addition to the international form of Indian numerals was authorized for warrants of appointments of Governors of State, Judges of the Supreme Court and Judges of the High Court.

1964 - Gulzarilal Nanda has entrusted the responsibility as Acting Prime Minister of India. He held this office till June 9, 1964. He is till date the only Acting Prime Minister of India.

1996 - A. B. Vajpayee, PM, seeks the vote of confidence in his 12-day old govt.

1999 - IAF loses two fighter aircraft in the Kargil area. Pakistan claims it has Flight Lieutenant Nachiketa in its custody.

IAF loses two fighter aircraft in the Kargil area. Pakistan claims it has Flight Lieutenant Nachiketa in its custody.

2014 - President Barack Obama announced he plans to keep 9,800 U.S. troops in Afghanistan through the end of 2015 and then reduce this number over the following two years to a small force; the troops will train Afghan forces and conduct counterterrorism operations.

Born

1957 – Nitin Gadkari, lawyer, and politician, Minister of Transport.

1962 –Ravishankar Jayadritha Shastri,  cricketer, and sportscaster.

RIP

1964 - Jawaharlal Nehru, lawyer, and politician, 1st Prime Minister of India. 

1998 - Minoo Masani, co-founder of the Swatantra party.

You may have known...

Tirupati Balaji temple, built in the 10th Century, is the world’s largest religious pilgrimage destination.  It is larger than either Rome or Mecca. An average of 30,000 visitors donates the US $6 million to the temple every day.

May 26: I can be changed by what happens to me. But I refuse to be reduced by it.

On this day, 26 May...

1739 - Afghanistan was separated from the Indian empire as a result of a treaty signed between Mughal Emperor Muhammad Shah and Nadir Shah.

1955 – First ascent of Kangchenjunga (8,586 m.), the third-highest mountain in the world, by a British expedition led by Charles Evans. Joe Brown and George Band reached the summit on May 25, followed by Norman Hardie and Tony Streather the next day.

1993 - The Centre decides to implement the Mandal Commission recommendation to provide 27% reservation for the socially and educationally backward classes in the Central Services from 15th June.

1999 - India blasts its way into the global satellite launch vehicle market with the PSLV-C2 deploying two foreign satellites besides the Indian remote sensing satellite, IRS-P4.

2009 – North Korea allegedly tests its second nuclear device. Following the nuclear test, Pyongyang also conducted several missile tests building tensions in the international community.

Born

1899 - Nazrul Islam, revolutionary and Bengali poet.

1907 – Mahadevi Varma, writer.

1954 – Murali, actor, producer, and politician.

RIP

1908 - Mirzā Ghulām Ahmad, was an Indian religious leader and the founder of the Ahmadiyya Movement in Islam. He was born in Qadian near Gurdaspur and his followers are also known as Qadianis.

Thank 

You may have known...

Indian post allows you to order personalized stamps with your picture on them.

Business News

• ICICI Bank, Chanda Kochhar get SEBI Show Cause-Notice In Videocon Loan Case.

• Government Extends CBDT Chairman Sushil Chandra’s Tenure for 1 Year.

• Shriram EPC, One of the Country's Major Construction Players, has gone into Liquidation after the company failed to prevent Asset Care & Reconstruction Enterprise(ARC), from Initiating the Insolvency Process.

• Vijay Mallya set to be declared as Fugitive Economic Offender as ED likely to move court and after that, he will lose control over all his properties and assets in India and his all assets will be liquidated. The ED action is being carried out under the Fugitive Economic Offenders Ordinance issued by the Govt. recently.

• NSE gets RBI and SEBI Approval to Launch Repo (or Repurchase) in Corporate Debt Securities. BSE had received similar approval earlier this week.

• EPFO Notifies 8.55% Interest Rate on PF for 2017-18, Lowest in 5 years.

• DHFL celebrates $150 Million Masala Bond Listing on London Stock Exchange.

• Bank of Baroda Q4 Net Loss at Rs 3,102 Crore on Jump in Bad Loan Provisions.

• Lenders move NCLAT for early hearing in Essar Steel case.

May 25: Pain is inevitable. Suffering is optional.

On this day, 25 May...

1852 - Elisha Graves Otis has issued a U.S. patent for a “Railroad-Car Truck and Brake”. Otis is well-known for his invention of the safety elevator in the same year, which used automatic braking devices to arrest the fall of the elevator car if its supporting cable broke.

1933 - All young Hindus aged between 12 and 25 years were forced to carry identity cards to prevent the spread of terrorism.

1935 – Jesse Owens of Ohio State University breaks three world records and ties a fourth at the Big Ten Conference Track and Field Championships in Michigan, US.

1940 - In one of the most famous animal tests in medical history, eight mice were inoculated with a lethal dose of streptococci and then four of them were injected with penicillin. Next day the four mice given streptococci alone were dead, the four with penicillin were healthy.

1953 – The first public television station in the United States officially begins broadcasting from the campus of the University of Houston.

1961 - The formal announcement of an American lunar landing was made by President John F. Kennedy speaking to the Congress: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth. No single space programme in this period will be more impressive to mankind, or more important in the long-range exploration of space, and none will be so difficult or expensive to accomplish.”

1965 - Independent India had further clashes with Pakistan over the intractable Kashmir dispute.  

1999 - The Indian Prime Minister declares the Centre will take all possible steps to push back infiltrators in Kargil.

2013 – Maoists kill 32 Congressmen in Chhattisgarh. This happened when a convoy of Congress Party leaders was traveling through the Darbha Valley in the southern part of Chhattisgarh. Some of the major issues brought about in the aftermath of the Chhattisgarh attack were the lack of adequate security and the rise of Naxalism in the “red corridor” area.

2013 - An Apple I computer is sold for the US $617,000 at auction.

Born

1886 – Rash Behari Basu, great revolutionary, freedom fighter, social reformer, and leader. He was the key organizer of the Ghadar Movement and Indian National Army.

1889 - Igor Sikorsky, Russian-American pioneer of aviation in both helicopters and fixed-wing aircraft, born in Kiev, Ukraine.

1899 - Kazi Nazrul Islam, Indian writer, poet and revolutionary.

1936 - Rusi Framroz Surti, cricketer (Indian slow lefty, hat-trick 1969).

1954 - Murali, Indian National Award winning actor.

1972 - Karan Johar, film director.

1983 – Kunal Khemu, actor.

RIP

1606 - Guru Arjun Dev, spiritual leader of Sikhs and Hindus, was massacred at the instruction of Emperor Jahangir.

1941 - 5,000 drown in a storm at Ganges Delta region in India.

1985 – Bangladesh is hit by a tropical cyclone and storm surge, which kills approximately 10,000 people.

2005 - Sunil Dutt, actor-politician.

2005 – Ismail Merchant, film director.

Titbits

1895 – The playwright, poet, and novelist Oscar Wilde is convicted of "committing acts of gross indecency with other male persons" and sentenced to serve two years in prison.

You may have known...

About 25% of India's land is turning to desert. 

Business News

• PNB Fraud Case: After CBI, Now ED Files First Chargesheet Against Nirav Modi & his Associates which focuses on the Money-Laundering Aspect and the Role of Nirav Modi and others in the fraud.

• CBI is conducting a Discreet Enquiry Against Eight Senior-Most Income-Tax Officials Handling Nirav Modi Scam, Including CBDT Chairperson Sushil Chandra, under the Direction of the Prime Minister's Office, for the Alleged Misreporting and Sharing Of Investigation Details with extortionists.

• Central Tax, GST Delhi East Commissionerate Arrests 2 Persons (Father-Son Duo) in Delhi’s Shahdara for Fraudulent Issuance of Input Tax Credit Invoices Involving Evasion of Approx. Rs. 28 Crores relating to Copper Industry. It is the first case of the arrest in Delhi since GST Rollout.

• Govt Reconstitutes Financial Stability and Development Council (FSDC) to include Secretaries from the Revenue Department as well as Ministry of Information Technology (MeitY).

• Frozen Sheep / Goat Carcass Supplied in LDPE & HDPE Bags liable to GST: Maharashtra AAR.

• GOVT. Hikes Customs Duty on Wheat from 20% to 30% to Curb Cheaper Imports and Protect Domestic Growers.

• SEBI Eases Market Access for Foreign Investors in “International Financial Services Centre” by allowing 'Segregated Nominee Account Structure’ in IFSC.

• In a relief to Jaiprakash Associates, NCLAT stays NCLT order which had directed the Realty Firm to Return Nearly 760-Acre Land to its subsidiary Jaypee Infratech.

• NCLAT Asks Bhushan Power & Steel Lenders to go ahead with the selection of bids submitted by Tata Steel and UK-based Liberty House.

• DoT Clears Rs 4,000 Crore Idea-ATC Mobile Tower Sale Deal.

• Manipal-TPG  Extends Validity Of Revised Offer for Fortis Healthcare to June 6, 2018.

May 24: None but ourselves can free our minds.

On this day, 24 May...

1844 - Samuel F.B. Morse transmitted the message, "What hath God wrought!" from the U.S. Supreme Courtroom Washington D.C. to his partner, Alfred Vail, in the Mount Clare station of the Baltimore and Ohio Railroad Co. Vail responded by retransmitting the same message back to Morse. Thus, Morse formally opened America's first telegraph line, an event that inaugurated America's telegraph industry. The biblical text, from Numbers, Ch 23, verse 23, was selected by Annie Ellsworth, the teenage daughter of the Commissioner of Patents.

1862 - A field telegraph was used for the first time in U.S. warfare. This was the time of the American Civil War. An army general's headquarters was connected by wire to an advance guard several miles away.

1862 - The first trial run of a train was made in London through the Metropolitan underground line, the world's first underground passenger railway. Charles Pearson first proposed the underground method to relieve congestion in London. The Metropolitan Railway Co. was founded in Aug 1854. After financial delays, the first shaft was sunk at Euston Square, in 1860. The tunnel was built by "cut-and-cover" whereby a trench was dug to the rail level, then covered with beams and a new surface.

1892 - Thomas A. Edison has issued three patents for an "Electric Locomotive" and a fourth patent relating to an "Electric Railway".

1938 - A U.S. patent was issued for a Coin Controlled Parking Meter to Carl C. McGee of Oklahoma City, Oklahoma.

1940 – Igor Sikorsky performs the first successful single-rotor helicopter flight.

1991 - The body of Rajiv Gandhi, India's assassinated former premier and son of the late Indira Gandhi, was cremated in New Delhi today. He was killed by a suicide bomber in the southern state of Tamil Nadu three days ago. Police suspect that Tamil rebels, fighting for independence in Sri Lanka, carried out the murder. Gandhi's death signaled the end of the Nehru dynasty's rule over India. His two children were too young to assume the leadership of this turbulent nation. There was pressure for Sonia Gandhi to succeed her husband, but she was Italian-born and refused.

Born

1686 -  Gabriel Fahrenheit, he was a German-Dutch physicist and instrument maker (meteorological). He lived in Holland for most of his life. He invented the alcohol thermometer (1709) and the mercury thermometer (1714) and developed the Fahrenheit temperature scale. 

1955 – Rajesh Roshan, music director.

1956 - Gautam Buddha's 2500th birth anniversary was celebrated.

1965 - Rajdeep Sardesai, journalist.

RIP

1543 -   Nicolaus Copernicus, the Polish astronomer who proposed the heliocentric model of the Solar System in which all the planets orbit around the Sun at the center.

1999 - Noted wrestling coach Dronacharya awardee Guru Hanuman passed away in a road accident near Meerut.

2000 – Majrooh Sultanpuri, poet, and songwriter. Real name Asrar Ul Hassan Khan, he changed it to ‘Majrooh’, which means ‘wounded’ and suffixed it with the place he was from in UP.  Starting with ‘Shajahan’ he wrote lyrics for over 300 films. The song ‘Chahunga Main Tujhe Saanjh Savere’  from ‘Dosti’, won him the first and only Filmfare Award. (One of his most famous verse was ‘Main akela hee Chala Tha Janine manzil Magar, log Saath Aate Gaye our caravan Banta Gaya’).

Titbits

1830 – "Mary Had a Little Lamb" by Sarah Josepha Hale is published. {It is an original poem by Sarah Josepha Hale and was inspired by an actual incident. As a young girl, Mary Sawyer (later Mary Tyler) kept a pet lamb that she took to school one day at the suggestion of her brother. This expectedly led to a commotion. Mary recalled: "Visiting the school that morning was a young man by the name of John Roulstone.  The young man was very much pleased with the incident of the lamb, and the next day he rode across the fields on horseback to the little old schoolhouse and handed me a slip of paper which had written upon it the three original stanzas of the poem..."

There are two competing theories on the origin of this poem. One holds that Roulstone wrote the first four lines and that the final twelve lines, less childlike than the first, were composed by Sarah Josepha Hale; the other is that Hale was responsible for the entire poem}.

You may have known...

The term ‘second’ in a clock got its name because it is the second unit divided by 60 after the first, which is minute.

Business News

IBC: Cabinet Approves Ordinance to Change Bankruptcy Code Rules. Relief for Home Buyers, as New Rules, Will Allow the Home Buyers to Participate in an Insolvency Resolution Process

GST: Country-Wide Intra-State E-Way Bill System Mandatory from 3rd June

Shell Cos Matter: SEBI Confirms Forensic Audit of “Hit Kit Global Solutions Ltd (HKGSL)” which Figured Among 331 Suspected Shell Companies Under The Regulatory Scanner

SEBI Examines ICICI Bank Compliance With Disclosure Norms 

India’s Oil Ministry ordered Reliance Industries, Royal Dutch Shell, and Oil & Natural Gas Corp(ONGC) to pay $3.8 billion as the Increased Share of the Govt’s earnings from the Panna-Mukta and Tapti fields after a UK court rejected challenges to the arbitration award that went against the companies 

Competition Commission of India (CCI) approves the Acquisition of U.S. Seed Major “Monsanto Co” by Bayer AG, in a decision that moves the $62.5 billion deal a step closer to the finish line

Bombay High Court asks Singapore Exchange (SGX) not to launch new Indian derivatives till June 4 and also asked SGX to announce NSE's Injunction on their Website to Inform Investors

Top executives of Walmart India and Flipkart met Fair Trade Regulator CCI to Explain Their Activities in the Country, days after submitting an Application Seeking Approval for their USD 16-billion Mega Merger Deal

Bitcoin Price Rewinds to $7,800 as Cryptocurrency Market Drops $27 Billion Overnight

[In HINDI] Nipah virus kills 11 in Kerala : Goa, Mumbai, South India is on High Alert

• निपाह वायरस प्रकोप के बारे में आपको क्या पता होना चाहिए।

केरल के दक्षिण भारतीय राज्य में दस लोग निपाह वायरस से संक्रमित होने के बाद मर गए हैं, एक उभरती हुई बीमारी फल चमगादड़ और अन्य जानवरों द्वारा फैलती है। प्रकोप के बारे में आपको क्या पता होना चाहिए।

• निपा वायरस (एनआईवी) क्या है?

विश्व स्वास्थ्य संगठन (डब्ल्यूएचओ) के अनुसार, निपा वायरस एक नया उभरता हुआ ज़ूनोसिस है जो जानवरों और मनुष्यों दोनों में गंभीर बीमारी का कारण बनता है। इस वायरस की पहली बार 1998 में मलेशिया और सिंगापुर में पहचाना गया था। उस समय, यह मुख्य रूप से सूअरों में होता था और उनके माध्यम से मनुष्यों को स्थानांतरित कर दिया जाता था। तब निपा वायरस ने 265 लोगों को संक्रमित किया, जिनमें से 40 प्रतिशत गंभीर रूप से फैलने के कारण गहन देखभाल के तहत लिया गया था। डब्ल्यूएचओ द्वारा उद्धृत, वायरस का प्राकृतिक मेजबान पटरोपोडिडे परिवार, पतरोपस जीनस के फल चमगादड़ हैं।

वायरस को संक्रमित चमगादड़, सूअर या इंसानों से संक्रमित किया जा सकता है। 2004 में, जो लोग फल चमगादड़ से संक्रमित तारीख हथेली सैप का उपभोग करते थे, उन्होंने वायरस को भी पकड़ा। बांग्लादेश और भारत में अन्य इंसानों द्वारा संक्रमित इंसानों की सूचना मिली थी। निपाह वायरस से मृत्यु दर लगभग 75% होने का अनुमान है।

यह वायरस उन मनुष्यों के लिए फैल गया है जिनके पास संक्रमित जानवरों के साथ सीधा संपर्क है, जैसे फल चमगादड़ या सूअर। यह लोगों के बीच भी फैल सकता है, अक्सर संक्रमित लोगों के परिवार और देखभाल करने वालों के बीच।

• वर्तमान प्रकोप में क्या हो रहा है?

केरल, भारत में एक दक्षिणी राज्य में प्रकोप हो रहा है। अब तक, 10 मौतों की सूचना मिली है, और वर्तमान में कम से कम नौ अन्य लोग हैं जिन्होंने वायरस के लिए सकारात्मक परीक्षण किया है और क्वारंटाइन किया गया है। बीमार व्यक्तियों के संपर्क में आने वाले कई लोग भी निगरानी में हैं। विशेषज्ञों का अनुमान है कि चल रहे प्रकोप शुरुआत में चमगादड़ से फैल गया था।

• निपा के लक्षण क्या हैं?

जब कोई व्यक्ति निपाह वायरस से संक्रमित होता है, तो उन्हें एन्सेफलाइटिस या मस्तिष्क की सूजन का अनुभव होता है। संक्रमण के लक्षणों के प्रकट होने के लक्षणों में आमतौर पर पांच से 14 दिन लगते हैं। इन लक्षणों में बुखार और सिरदर्द शामिल हैं जो सूजन और भ्रम के बाद होते हैं। लक्षणों के लिए कोमा में प्रगति करना संभव है। सीडीसी का कहना है कि बचे हुए लोगों के बीच दीर्घकालिक साइड इफेक्ट्स में आवेग और व्यक्तित्व में परिवर्तन शामिल हो सकते हैं।

• निपा वायरस का इलाज कैसे किया जाता है?

निपा वायरस के लिए कोई इलाज नहीं है। इसके बजाए, संक्रमित लोगों को सहायक देखभाल के साथ माना जाता है, जिसमें यह सुनिश्चित करना शामिल है कि व्यक्ति हाइड्रेटेड रहता है, और किसी भी मतली या उल्टी का इलाज करता है। सीडीसी का कहना है कि लोग निपाह को रोकने के लिए कदम उठा सकते हैं "बीमार सूअरों और स्थानिक क्षेत्रों में चमगादड़ से बचने और कच्चे तारीख की हथेली के रस को पीना नहीं," जिसे संक्रमित चमगादड़ से विसर्जन से दूषित किया जा सकता है।

May 23 : Always bear in mind that your own resolution to succeed is more important than any one thing.

On This Day, 23 May...

844 – Battle of Clavijo: The Apostle Saint James the Greater is said to have miraculously appeared to a force of outnumbered Asturians and aided them against the forces of the Emir of Cordoba.

1430 – Joan of Arc is captured by the Burgundians while leading an army to raise the Siege of Compiègne.

1498 – Girolamo Savonarola is burned at the stake in Florence, Italy.

1533 – The marriage of King Henry VIII to Catherine of Aragon is declared null and void.

1568 – Dutch rebels led by Louis of Nassau, defeat Jean de Ligne, Duke of Arenberg, and his loyalist troops in the Battle of Heiligerlee, opening the Eighty Years' War.

1609 – Official ratification of the Second Virginia Charter takes place.

1618 – The Second Defenestration of Prague precipitates the Thirty Years' War.

1701 – After being convicted of piracy and of murdering William Moore, Captain William Kidd is hanged in London.

1706 – John Churchill, 1st Duke of Marlborough, defeats a French army under Marshal François de Neufville, Duc de Villeroy at the Battle of Ramillies.

1788 – South Carolina ratifies the United States Constitution as the eighth American state.

1793 – Battle of Famers during the Flanders Campaign of the War of the First Coalition.

1829 – Accordion patent granted to Cyrill Demian in Vienna, Austrian Empire.

1844 – Declaration of the Báb the evening before the 23rd: A merchant of Shiraz announces that he is a Prophet and founds a religious movement that would later be brutally crushed by the Persian government. He is considered to be a forerunner of the Bahá'í Faith; Bahá'ís celebrate the day as a holy day.

1846 – Mexican–American War: President Mariano Paredes of Mexico unofficially declares war on the United States.

1863 – The General German Workers' Association, a precursor of the modern Social Democratic Party of Germany, is founded in Leipzig, Kingdom of Saxony.

1873 – The Canadian Parliament establishes the North-West Mounted Police, the forerunner of the Royal Canadian Mounted Police.

1900 – American Civil War: Sergeant William Harvey Carney is awarded the Medal of Honor for his heroism in the Assault on the Battery Wagner in 1863.

1907 – The unicameral Parliament of Finland gathers for its first plenary session.

1911 – The New York Public Library is dedicated.

1915 – World War I: Italy joins the Allies, fulfilling its part of the Treaty of London.

1932 – In Brazil, four students are shot and killed during a manifestation against the Brazilian dictator Getúlio Vargas, which resulted in the outbreak of the Constitutionalist Revolution several weeks later.

1934 – Infamous American bank robbers Bonnie and Clyde are ambushed by police and killed in Bienville Parish, Louisiana.

1934 – The Auto-Lite strike culminates in the "Battle of Toledo", a five-day melée between 1,300 troops of the Ohio National Guard and 6,000 picketers.

1939 – The U.S. Navy submarine USS Squalus sinks off the coast of New Hampshire during a test drive, causing the death of 24 sailors and two civilian technicians. The remaining 32 sailors and one civilian naval architect are rescued the following day.

1945 – World War II: Heinrich Himmler, head of the Schutzstaffel, commits suicide while in Allied custody.

1945 – World War II: The Flensburg Government under Reichspräsident Karl Dönitz is dissolved when its members are captured and arrested by British forces.

1948 – Thomas C. Wasson, the US Consul-General, is assassinated in Jerusalem, Israel.

1949 – The Federal Republic of Germany is established and the Basic Law for the Federal Republic of Germany is proclaimed.

1951 – Tibetans sign the Seventeen Point Agreement for the Peaceful Liberation of Tibet with China.

1960 – A tsunami caused by an earthquake in Chile the previous day kills 61 people in Hilo, Hawaii.

1992 – Italy's most prominent anti-mafia judge Giovanni Falcone, his wife, and three bodyguards are killed by the Corleonesi clan with a half-ton bomb near Capaci, Sicily. His friend and colleague Paolo Borsellino will be assassinated less than two months later, making 1992 a turning point in the history of Italian Mafia prosecutions.

1995 – The first version of the Java programming language is released.

1998 – The Good Friday Agreement is accepted in a referendum in Northern Ireland with roughly 75% voting yes.

2002 – The "55 parties" clause of the Kyoto Protocol is reached after its ratification by Iceland.

2006 – Alaskan stratovolcano Mount Cleveland erupts.

2008 – The International Court of Justice (ICJ) awards Middle Rocks to Malaysia and Pedra Branca (Pulau Batu Puteh) to Singapore, ending a 29-year territorial dispute between the two countries.

2013 – The Interstate 5 bridge over the Skagit River collapses in Mount Vernon, Washington.

2014 – Seven people, including the perpetrator, are killed and another 14 injured in a killing spree near the campus of University of California, Santa Barbara.

2015 – At least 46 people are killed as a result of floods caused by a tornado in Texas and Oklahoma.

2016 – Two suicide bombings, conducted by the Islamic State of Iraq and Syria, killed at least 45 potential army recruits in Aden, Yemen.

2016 – Eight bombings were carried out by the Islamic State of Iraq and Syria in Jableh and Tartus, coastline cities in Syria. One hundred eighty-four people were killed and at least 200 people injured.

2017 – U.S. President Donald Trump visits Bethlehem in the West Bank to hold a bilateral meeting with Palestinian leader Mahmoud Abbas.[209] Speaking to the press alongside Abbas, Trump condemns the fatal terrorist bombing of England's Manchester Arena on the previous night, calling the perpetrators "losers".

2017 – Philippine President Rodrigo Duterte declared martial law in Mindanao, following the Maute's attack in Marawi.

Born

1926 – Basil Salvadore D'Souza, Indian bishop.

1942 – Kovelamudi Raghavendra Rao, Indian director, screenwriter, and choreographer

1945 – Padmarajan, Indian director, screenwriter, and author.

RIP

2014 – Madhav Mantri, Indian cricketer.

Business News

• SBI Reports Record Loss of Rs 7,718 crore In March Quarter as NPA Provisions More Than Double compared to the same quarter last year.

• GST: Two More Functionalities added in Portal including the facility to Change Return Frequency for Normal Taxpayer and the Payment of Reduced Penalty.

• GST fraud: GST-Intelligence Unit unearthed a racket which used Fake Bills to Claim Input Tax Credit worth Rs 450 crore. Govt. has started Issuing Summons to those Traders or Business Houses that Produced Counterfeit Bills to Claim Tax Credits.

• Delhi: Income Tax Deptt. raids on a total of 33 premises of the Two Farm House & Property Developers which unearth Rs 215 Crore Black Money.

• The Task-Force Reviewing and Rewriting The Income Tax Laws Granted Three Months More Time Till August to submit its report to the Govt.

• Enforcement Directorate(ED) Seizes Rs. 21 Crore Assets Of Dabur's Pradip Burman in connection with its FEMA probe in the HSBC bank black money list unearthed a few years ago.

• NCLAT asks Resolution Professional, Lenders, NCLT to hold order on Essar Steel.

• Fortis: SEBI Probes Insider Trading Violation, Other Regulatory Lapses, amid a takeover battle and boardroom upheaval at the hospital chain.

• NSE Drags Singapore Stock Exchange (SGX) to Bombay High Court over Indian Products Launch but SGX still to list Indian derivatives in June despite NSE's legal challenge.

• Customs Arrests 2 for Smuggling Forex Worth Over Rs 1 cr at Delhi Airport.

कॉन्स्टेबल से DGP तक, बैज देख ऐसे कर सकते हैं पुलिस में रैंक की पहचान!

May 22: I can be changed by what happens to me. But I refuse to be reduced by it.

On this day, 22 May...

1841 - Henry Kennedy, a cabinetmaker, and upholsterer of Philadelphia was issued the first U.S. patent for a reclining chair. 

1849 – Future U.S. President Abraham Lincoln has issued a patent for an invention to lift boats over obstacles in a river, making him the only U.S. President to ever hold a patent.

1888 - Architect Leroy S. Buffington patented the system for building skyscrapers using a metal skeleton frame. Although Buffington claimed to be the originator of the metal skeleton frame that made building tall structures feasible, his claim to be the inventor of the skyscraper was refuted. However, using the designs created by Harvey Ellis, Buffington is credited with playing a pivotal role in refining the new method of construction. The invention of the skyscraper lies with George A. Fuller, who worked on solving the problems of the load bearing capacities of tall buildings.

1892 - Dr. Washington Sheffield, a dentist of  USA, invented the collapsible metal toothpaste tube, which was later manufactured by his Sheffield Tube Corp.  (The idea of collapsible metal tubes, however, dates back to a patent by American artist John Rand on 11 Sep 1841, but these packages were first commercially used for oil-paints. The first collapsible polythene tubes were produced in the US for skin-tanning lotion in 1953).

1894 - Black American inventor S. Newson has issued a patent for an "oil heater or cooker".

1899 - Plain Dealer reporter Charles Shanks first used the French word "automobile".   (The word thereafter became accepted in the US).

1961 - Top Of The Needle restaurant in the Space Needle in Seattle, was dedicated. It was the first revolving restaurant in the US, 500 feet above the ground. A 14-foot ring next to the windows carrying 260 seats rotated 360 degrees in one hour on a track and wheel system driven by a 1 horsepower motor.

1963 - Rohini, Glider, became the first to successfully fly at Kanpur.

1973 - Robert Metcalfe wrote a memo describing a way to transmit data from the early generation of personal computers to a new device, the laser printer. He called his multipoint data communications system Ethernet, and today it continues to dominate as the standard computer network.

1989 - IRBM 'Agni' Missile launched successfully from Chandipur, Orissa.

1996 - United Front prime ministerial candidate H.D. Deve Gowda unanimously elected leader of the Front's parliamentary party.

Born

1772 – Ram Mohan Roy, philosopher, and reformer. 

1859 - Sir Arthur Conan Doyle, Scottish author, and physician whose fictional detective, Sherlock Holmes, emulates the scientist, diligently searching through data and to make sense of it. “It is a capital mistake to theorize before one has data.”   Later in life, he was a convert to spiritualism and requested burial in an upright position in the garden of his home.

1940 - EAS Prasanna, cricketer.

1959 – Ms. Mehbooba Mufti,  politician.

RIP

1545 - Sher Shah Suri. He was fatally wounded in an explosion on Kalanjara fort while preparing for an attack. {He introduced the new silver rupee-coin "Rupiya" based on the ratio of 40 copper coin pieces (paisa) per rupee and built several roads including the longest road of India known as Grand Trunk Road, which is one of Asia's oldest and longest major roads. It runs from Chittagong, Bangladesh west to Howrah, West Bengal in India, then across Northern India through Delhi to Amritsar. From there, the road continues towards Lahore and Peshawar in Pakistan, finally terminating in Kabul, Afghanistan}.  

You may have known...

The Atacama desert in northern Chile is the driest desert in the world. Average rainfall in this region is about 1 mm per year. Some locations within the desert have never had any rainfall.

Business News

GST Council has urged the Central Govt and various States to expedite setting up Appellate Authorities for Aggrieved Entities to Appeal Against the Orders of the Authority for Advance Rulings (AAR). Out of the 29 States, only 12 have so far issued notifications to set up authority.

Income Tax Dept informed the Taxpayers that ITR-5 and ITR-7 have been enabled in the e-portal for filing. Till now, all Forms except ITR 6 are available on the portal.

Shell Firms: Income Tax department to File Pleas in NCLT as an "Aggrieved Creditor" to many De-registered Shell Companies to Recover Tax Dues of Crores of Rupees

PNB fraud: Enforcement Directorate took fresh action against Nirav Modi and attached assets worth Rs 170 crore 

Potomac Fraud: CBI files charge sheet Against Co. Rotomac Global Pvt. Ltd. And its Owner Vikram Kothari and Bank Officials  in connection with the Rs 456.63-crore alleged loan default towards Bank of Baroda, which is part of A Total Default of Rs 3,690 crore towards a Consortium of Seven Banks

Online Sellers Body, The All India Online Vendors Association, moves CCI against Flipkart for allegedly abusing its dominant position

NSE to delist Vijay Mallya-promoted Kingfisher Airlines, Plethico Pharmaceuticals and 16 other companies from 30 May

NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues notices to Tata Steel, the Resolution Professional and CoC of Bhushan Steel on a petition filed by its promotor Neeraj Singal challenging the sale

Reliance Communications and its Subsidiaries moves NCLAT to Halt Insolvency Proceedings Against Them on a petition filed by network vendor Ericsson.

Bank of Baroda(BoB) launches its first integrated SME Loan Factory in Gurgaon to cater the needs of MSME segment in the NCR.

Fortis faces MCA Probe; Director-General to look into Mismanagement Charges.

Govt to Divest 12.72% in RITES next month, the plan is to raise Rs 400-450 Crore through the listing of RITES.