Saturday 2 June 2018

June 2 : It is amazing what you can accomplish if you do not care who gets the credit.


On this day, 02 Jun...

1756 - Fort William, the English stronghold in Bengal, was surrendered to Siraj-Ud-Daulah.

1857 - The first practical U.S. chain-stitch sewing machine was patented by a farmer, James E. A. Gibbs. He had invented his own model out of curiosity in 1855, after seeing a newspaper illustration of the sewing machine. When Gibbs saw a tailor's Singer sewing machine, he thought it was too heavy, complicated, and expensive. Willcox and Gibbs sold their chain-stitch sewing machine, on a simple iron-frame stand with the treadle, for approximately $50, which was half the price of anything similar.

1875 - Alexander Bell and his assistant Thomas Watson had been working on the "harmonic telegraph". In the transmitter room, Watson had been trying to free a reed that had been too tightly wound to the pole of its electromagnet, when it produced a twang. Bell, who had been working in the receiving room heard the twang. He realized that now his dream of speech transmission must be a possibility, for the complex overtones and timbre of the twang he had just heard had a lot in common with the sound of the human voice. The next day, they continued tinkering with their experiment, anxious to achieve more ambitious results. 

1896 - The first radio patent was issued to Guglielmo Marconi in England for the radio. 

1928 - In 1928, Kraft's Velveeta Cheese was invented. It was packaged using the 1921 invention of a tinfoil lining that could house the cheese inside a wooden box. Its special cooking properties quickly caught on. When melted, it was as smooth as velvet (hence its name), and it would never curdle when heated.

1954 - The first test of a VTOL airplane takes place. It was known as a "Tail Sitter," but as a prototype to test the concept, its glory flared, and faded in a matter of months.

1964 - Lal Bahadur Shastri elected prime minister.

1990 - Union Government set up a tribunal to settle the Cauvery water issue between Tamil Nadu & Karnataka.

Born

1921 - Satyajit Ray, writer, filmmaker.

1943 - Ilaiyaraaja, composer.

1955 - Nandan Nilekani, Indian entrepreneur and politician.

1956 - Mani Ratnam, film director, screenwriter and producer. He made famous films like Rosa, Bombay and Dil Se.

1987 – Sonakshi Sinha, actor.

RIP

1988 - Raj Kapoor, famous film actor, director, and Dadasaheb Phalke awardee.

2004 - Dom Moraes, writer, and poet.

You may have known...

The Beatles' first band name was The Quarrymen. They also briefly changed their name to Johnny and the Moondogs.

Business News

Massive relief to Gurdwaras! Modi Govt waives GST on Langar Items and will refund its share of GST charged on the purchase of raw food items 

The Allahabad High Court ruled that a Power Company can’t be taken to Bankruptcy Court for not Repaying Loans unless it has been declared A Wilful Defaulter, recognizing the stress that the sector is undergoing through 

INX Media Case: CBI Summons P Chidambaram for Questioning on June 6.

SEBI Bars Vijay Mallya from Securities Market for 3 years for Illegal Fund Diversions at United Spirits.

Sterling Biotech Rs 5,000 Crore Bank Fraud Case: Enforcement Directorate attaches assets worth Rs 4,700 Crore.

RBI Withdraws Rule Exceptions or Special Dispensations Granted Earlier for NBFCs owned by the Govt.

Confederation of All India Traders (CAIT) Files Complaint with Enforcement Directorate (ED) against Flipkart for alleged violation of the Government's Foreign Direct Investment (FDI) Policy.

9 PSU banks under PCA Submit Recovery Plan to Govt Entailing Stake Sale in Subsidiaries and Reduction of Corporate Loan Book.

Leveling Fresh Allegations of Quid Pro Quo Deals by the ICICI Bank MD and CEO Chanda Kochhar, the Independent Activist And Whistle-Blower Arvind Gupta alleged that Ruia Brothers of Essar Group Got Undue Favours from the Bank for "Round-Tripping" Investments into her spouse Deepak Kochhar's NuPower Group.

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