May 5: The supreme quality for leadership is unquestionably integrity.

On this day, 05 June...

1661 - Isaac Newton admitted as a student to Trinity College, Cambridge.

1783 - The first hot-air balloon ascent - unmanned - flew for ten minutes. It was made by the French brothers Joseph-Michel and Jacques-Étienne Montgolfier at their hometown of Annonay.

1876 - Bananas become popular in the US, at the Centennial Exposition in Philadelphia.

1877 - The state of New York passed a law to tax on "oleomargarine."  The purpose was to protect dairymen and their product, real butter. (Margarine had first been created in France in 1870 by Hippolyte Mège-Mouriez in response to an offer by Emperor Louis Napoleon III for the production of a satisfactory substitute for butter). 

1882 - Storm & floods hit Bombay; about 100,000 dies.

1882 - John Mitchell Lyons, a railway clerk, was issued a Canadian patent for his "Improvements in Baggage Checks and Coupon Tickets". He devised this now familiar way to track and identify luggage. 

1937 - Henry Ford initiates 32 hour work week.

1944 - German Field Marshal Erwin Rommel goes on leave just before WWII D-Day landings by the Allies. ( On this day General Eisenhower also decides invasion date for June 6).

1977 - First personal computer, the Apple II, went on sale. It was the invention of Steve Wozniak and Steve Jobs.

1981 - An epidemic disease, later to be named as AIDS, was briefly described by Dr. Michael Gottlieb in the newsletter of the US Centres for Disease Control. This was the first notice to be published on AIDS, though it had not yet been given that name.  Despite the medical profession's refusal to acknowledge the AIDS crisis, Gottlieb pursued early immune deficiency cases and urged the publication of his findings.

1984 - Operation 'Blue Star' was launched. Army commandos stormed into Golden Temple in Amritsar to flush out the terrorists and other anti-government elements. Jarnail Singh Bhindranwale and over 325 people were killed in the temple.  

1989 - Missile `Trishul' tested successfully.

1994 - India test-fires a missile capable of reaching targets in China.

2013 - The first article based on NSA leaked documents by Edward Snowden are published by the Guardian Newspaper in the UK.

Born

1952 – Mukesh Bhatt, film producer.

1961 - Ramesh Krishnan, tennis player.

1972 - Yogi Aditya Nath, politician.

1988 – Ajinkiya Rahane, cricketer.

RIP

1973 - Madhav Sadashiv Golwalkar, second Sarsanghchalak of the Rashtriya Swayamsevak Sangh. He was known to his friends and followers as ‘Guruji’. He nurtured the RSS into an effective and disciplined grassroots organization.

Titbits

1988 - Longest champagne cork flight is 177 feet 9 inches in NY.

You may have known…

In 2011 manholes caused 1,843 deaths in India alone!

Business News

• IDBI Bank MD And CEO, Sh. MK Jain has been Appointed as The Deputy Governor of the RBI for a period of three years.

• 2nd Successful NPA Resolution under IBC! Vedanta writes a cheque of Rs 5,300 cr to Buyout Bankrupt Electrosteel and takes Management Control of Electrosteel as directed by the NCLAT on May 30.

• Department of Telecommunications (DoT) clears 100% FDI in Idea paving the way for the merger Vodafone India, which will create India’s No 1 Telecom Company by Customers and Revenue Market Share, Replacing Bharti Airtel.

• Ultratech’s Resolution Plan for Binani Cement submitted at NCLT  for its approval even as the tribunal agreed to hear Dalmia Bharat’s objections about Ultratech’s bid.

• BSE Brings 109 Companies, including Reliance Naval and Engineering, Amtek Auto, GVK Power & Infrastructure under Enhanced Surveillance Measures.

• Provisions of S. 115JB i.e. MAT (Minimum Alternative Tax) of Income Tax Act not applicable to a Sick Company: ITAT.

• SEBI asked Custodians of Foreign Portfolio Investors (FPIs) to Identify Offshore Funds that are ‘Controlled’ by Non-Resident Indians (NRIs).