On this day, 10 May...
1773 – The Parliament of Great Britain passes the Tea Act, designed to save the British East India Company by granting it a monopoly on the North American tea trade.
1857 - In India, the first war of Independence begins. Sepoys mutiny against their commanding officers at Meerut. (The uprising, fed by resentment that had emerged from British rule, then erupted into other mutinies and civilian rebellions chiefly in the upper Gangetic plain and central India. The cities of Delhi and Lucknow were laid waste in the fighting and the British retaliation. Other regions of Company-controlled India—the Bengal Presidency, the Bombay Presidency and the Madras Presidency—remained largely calm. In Punjab, the Sikh princes crucially helped the British by providing both soldiers and support. The uprising was contained only with the rebels' defeat in Gwalior on 20 June 1858. On 1 November 1858, the British granted amnesty to all rebels not involved in murder, though they did not declare the hostilities formally to have ended until 8 July 1859).
1876 - The first use of an electric turnstile in the U.S.
1929 - The first submarine "lung" was tested.
1935 - Heart-lung machine. American surgeon John Gibbon successfully maintained the cardiac and respiratory function of a cat using his invention, a rotating blood-film oxygenator in the first heart-lung machine.
1975 - The first home videocassette recorder, the Betamax, began sales in Japan. The format made by Sony used one-hour tapes, but a competing system was introduced by JVC in the next year called VHS (Video Home System) capable of two-hour recording. Both companies shortly introduced models with twice those playing times. Gradually VCRs lost out to DVDs.
1981 - The first day and night cricket match of India was played at the flood-lit ground of the Wilson College Gymkhana (Bombay).
Born
1905 - Pankaj Malik, music director.
1927 – Nayantara Sahgal, author.
RIP
2002 – Kaifi Azmi, poet, and songwriter.
2010 – Mac Mohan. He was an actor, known for Sholay (1975), Don (1978) and Majboor (1974).
Titbits
2014 - Brazilian police distribute pamphlets to World Cup visitors with instructions on how to behave in the event of a robbery; the advice was meant to protect victims from injury or death during the crime.
You may have known...
YAHOO is an acronym for Yet Another Hierarchical Official Oracle.
Economic News
NCLAT Allows Bhushan Power Creditors to Consider Liberty House Bid. This comes after Tata Steel Ltd. moved the NCLAT the day before, Challenging the NCLT Ruling Allowing Creditors to do the same
Nirav Modi's Company “A Jaffe” in the USA Will Now Be Owned By Indian Origin Diamond Merchant Panna Jain, as His Firm Parag Diamonds (Also Known As Paramount Gems) Wins The Auction
Eveready gets NCLAT stay on CCI penalty of ₹171.55 Crore Imposed on it for Cartelisation in Pricing of Zinc-Carbon Dry Cell Batteries, on Direction To Deposit 10 percent of the Penalty Amount Within 15 Days
Walmart Acquires 77% Stake in Flipkart for $16 Bn for a valuation of over $20 billion, in World’s Largest E-commerce Deal
Lenders reject Lakshadweep’s Offer to Buy JAYPEE INFRA who was the Sole Remaining Bidder, Ball Now in Supreme Court
DRI Unearths Rs 64 Crore Customs Duty Evasion Involving Goods Worth Rs 232 Crore by a Mumbai-based Jewellery House by Exploiting the Advance Authorization Scheme
Videocon Loan Case: Deepak Kochhar Quizzed Thrice in 3 days by I-T Deptt., Brother Rajiv Kochhar is Next
Enforcement Directorate(ED) Registers Money Laundering Case Against Popular Front of India (PFI) in Karnataka Under Money Laundering Charges And Alleged Links To Terror Activities
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