Friday 11 May 2018

May 11 : Don't avoid occasional sharp edges; they are necessary to leadership.




On this day, 11 May...

868 -   The first known dated printed book was the Diamond Sutra, a Buddhist scripture. It was made as a 16-ft scroll with six sheets of text printed from wood blocks and one sheet with a woodcut showing the Buddha with disciples and a pair of cats. The scroll was one of about 1,130 bundles of manuscripts found a thousand years later, walled up in one of the Caves of the Thousand Buddhas in Turkestan. It is now one of the great treasures in the British Library.

1811 - The original Siamese twins, Chang and Eng, were born of Chinese parents in Siam (Thailand). Upon immigrating to the U.S., they adopted Bunker as their surname. They were joined at the waist and only after their death was it found that this could have been easily separated.  The twins became United States citizens. On 13 Apr 1843, they married two sisters with whom they raised 10 children.

1857 - Indian war of independence. Indian revolutionaries seize Delhi from the British.

1928 - America's first regularly scheduled TV broadcasts began. 

1947 - The B.F. Goodrich Company of Akron, Ohio, announced the development of a Tubeless Tyre.

1949 - The first Polaroid camera was sold for $89.95 in New York City.

1995 - In central Kashmir, militants burnt the Charar-e-Sherif shrine (the tomb of Sufi saint Sheikh Noorudin Noorani) built in 1460 by Zain-ul- Abidin.

1996 - The 1996 Mount Everest disaster: on a single day eight people die during summit attempts on Mount Everest.

1998 - Three momentous events took place on the day that did the nation proud. Firstly, three underground nuclear tests at Pokhran Range in Rajasthan, which included a hydrogen bomb, were tested (National Technology Day); secondly, the successful test firing of the 'Trishul Missile' and thirdly, the maiden Certification test flight of 'Hansa-3', the first-all Composite indigenous two-seater aircraft.

1999 - Rajiv Gandhi Assassination Case: The Supreme Court confirmed the death sentence on four of the 26 accused, life imprisonment to three and acquitted the remaining 19 people.

2015 - Two artworks set world records at a Christie's auction in New York, with Pablo Picasso's painting 'Women of Algiers Version O' selling for $160 million and Alberto Giacometti's sculpture 'Pointing Man' selling for $141.3 million.

Born

1950 – Sadashiv Amrapurkar, film actor, and singer.

1970 – Pooja Bedi, presenter.

RIP

2009 – Admiral Sardarilal Mathradas Nanda, former Indian Navy Chief.

Titbits

1997 - Deep Blue, a chess-playing supercomputer, defeats Garry Kasparov in the last game of the rematch, becoming the first computer to beat a world-champion chess player in a classic match format.

You may have known...  

The tusks of an elephant are modified incisors. An adult male's tusks grow about 7 inches a year.


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 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 per cent 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 Ecommerce 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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