May 7: Age wrinkles the body, quitting wrinkles the soul.

On this day, 07 Jun...

1340 - Rotterdam, Netherlands was founded. (Its history goes back to 1270 when a dam was constructed in the Rotte river and people settled around it for safety. In 1340 Rotterdam was granted city rights. It is now Europe's largest port).

1753 -  The British Museum was founded, the world's oldest public national museum.  

1887 - Tolbert Lanston of Washington, DC, patented the Monotype typesetting machine.

1892 - J. F. Palmer of Chicago was granted the first bicycle tire patent for a self-healing cord tire design.  

1893 - Gandhi's first act of civil disobedience. ( On this day,  the twentieth century’s most famous non-violent revolutionary, Mohandas Gandhi, committed his first act of civil disobedience when the then 24-year-old Indian lawyer was forcibly ejected from a train at South Africa’s Pietermaritzburg Railway Station. Refusing to move to a third-class carriage while holding a valid ticket for the whites-only first-class compartment, the great future leader was pushed off the train in the middle of the night, in the middle of winter, his luggage hastily thrown after him. The incident would change the course of his life – and that of millions of others. Gandhi later recalled: "I was afraid for my very life. I entered the dark waiting room. There was a white man in the room. I was afraid of him. What was my duty? I asked myself. Should I go back to India, or should I go forward with God as my helper, and face whatever was in store for me? I decided to stay and suffer. My active non-violence began from that date".

1912 - US army tests 1st machine gun mounted on a plane.

1958 - A seminal article that launched the widespread use of ultrasound in medical diagnosis was published in The Lancet by Ian Donald, an English physician.  

1965 - Sony Corp introduced its home video tape recorder, priced at $995.

1979 - Bhaskara 1, Indian Earth resources/meteorology satellite, launched.

1988 - A U.S. patent was issued to 11-year-old Richard G. Woodbridge for the brush he designed to clean out sawdust accumulating in chainsaw cuts.  

1993 - Sai Baba escapes attempt on life. Four assailants and two bodyguards were killed.

1997 - Mahesh Bhupathi becomes the first Indian to win a Grand Slam title when he and Japan's Rika Hiraki claim the mixed doubles.

1998 - India emerges World Bank's single largest borrower with cumulative loans of 44 billion dollars.

2013 - According to a new study, breast milk boosts brain development by 30% compared to babies who are fed formula.

Born

1954 – Tiku Talsania, actor.

1974 - Mahesh Bhupathi, tennis pro.

1975 - Ekta Kapoor, television producer.

1981 - Amrita Rao, model, and actor.

1988 - Neha Kakkar, Indian Singer

1989 - Sheetal Pandya; she set up a world record at the age of 5 years by covering 1600 km (Delhi to Mumbai) in 50 days on roller skates).

RIP

1606 - Guru Arjundev, fifth Guru of Sikhs.

1631 - Begum Mumtaz Mahal, wife of Shah Jahan, Emperor of India, passed away at Burhanpur a few hours after the birth of a daughter. She was married in 1612 and the Taj Mahal was built for her.

Titbits

1924 - George Leigh-Mallory disappears 775' from Everest's summit. 

You may have known...

Rats actually laugh when tickled.

Business News

• Enforcement Directorate Grills Chidambaram in Aircel-Maxis Case for Six Hours and Court gives Chidambaram Protection from ED Arrest Till July 10.

• Enforcement Directorate (ED) questioned Raj Kundra for Eight Hours, husband of actor Shilpa Shetty, in connection with a Money Laundering Probe related to a Bitcoin Transactions Scam Worth Rs 2000 Crore.

• Govt Notifies GST Settlement of Funds (Second Amendment) Rules, 2018 which Allows Provisional Settlement of Integrated Tax.

• Digital Copy of E-Way Bill sufficient for Transportation under GST: Allahabad HC in Bhumika Entreprises v. State of U.P & Ors.

• Delhi HC Asks Govt to file Status Report on Mismatch b/w GSTR-1 and GSTR-3B.

• NCLT Admits Insolvency Proceedings against Shri Lakshmi Cotsyn after the Kanpur-based Textile Manufacturer failed to repay nearly Rs 4,000 Crore in loans to a consortium of about 10 lenders led by Central Bank of India.

• Lenders of Ruchi Soya are resorting to the Swiss Challenge Method to finalize a buyer for the edible oils company. This is the first time that banks are using this method to find a resolution under the Insolvency and Bankruptcy Code (IBC).

• SEBI puts in place a Detailed Framework/Guidelines for Listed Infrastructure Investment Trusts (InvITs) to make Preferential Issue of units to Institutional Investors.

• Competition Commission of India (CCI) orders a Detailed Investigation against the Indian Cricket Board BCCI for Alleged Abuse of Dominant Position with regard to Running Professional Domestic Cricket Leagues in the Country.