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.
- RBI Governor Urjit Patel will appear before a Parliamentary Panel on June 12 to brief them about Banking Frauds and Mounting Bad Debts.
- 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.
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