Top Business events that rocked India in 2009

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2009 was a remarkable year in terms of varied business events taking place and rocking the entire country. Corporates, investors, business houses and more importantly the common mass was widely impacted upon by the top business events of 2009. The year 2009 was phenomenal in terms of the growth strategies, economic environment and large/mid level corporates taking the lead. Looking back at the year that is just about to end, we can recollect the 15 major events which rocked India in 2009. The top business events that rocked India in 2009 spanned from the core corporate sector, to the economic frontier and common business issues of the layman.

List of major business events in India in 2009

The list of major business events that rocked India in 2009 is as follows:
  1. 15-year low IIP – As per the Index of Industrial Production (IIP), India's factory output has condensed to a record 15-year low of 1.2% in February 2009 on a Y-o-Y basis as against 9.5% growth in February 2008.

  2. Launch of the much-awaited cheapest car of the world by Tata Motors – the 'Nano' – March 23, 2009, was that eagerly awaited day when the curtain was actually raised from the cheapest small car in the world – the Nano by Tata Motors.

  3. Mahindra takes over Satyam – Tech Mahindra Ltd. has placed the highest bid for acquiring the scandalous Satyam Computer Services Ltd on 13th April, just after four months of the financial scam being detected.

  4. India's inflation hits negative mark – The Indian economy experienced a negative inflation (deflation), touching a minus 1.61% for the week ended June 6, 2009. It was for the last time in 1977 that the inflation rate had turned negative.

  5. India to have Mobile Number Portability – Mobile Number Portability, a step to allow consumers change their mobile operator without giving up the phone number is possible to be implemented in 2010, which was slated to be introduced this year. This new concept which was much awaited arrived in India around the month of June.

  6. Reliance gas deal dispute takes Ambani brothers to court – The Reliance gas dispute took the Ambani brothers to court again in July this year. The entire dispute was centered on the concerns of the supply and pricing of natural gas from the Krishna Godavari basin.

  7. Gold prices hits massive highs – Due to the global commodities market trends, the gold prices surged to set a new high of ` 17,999 per 10 gram for the last week in November.

  8. Wipro second time in WB – After Tata going out of West Bengal, it was turn for Wipro to take another chance and re-enter West Bengal by accepting the land offer by the WB Government in December this year.

  9. Reliance Industries becomes top wealth creator again – Mukesh Ambani-led has become India's largest wealth creator for third consecutive time by generating a wealth of ` 1,51,400 crore. It accounted for more than 15 per cent of the accumulated wealth created during 2009 fiscal year in India. These figures came on the forefront in December.

  10. Jindal Power plans second biggest IPO – The second biggest initial public offer is on its way planned by the Naveen Jindal-promoted Jindal Power Ltd for raising around ` 10,000 crore in this financial year. The decision was taken by the company in December. The biggest IPO till date was by Reliance Power in January 2008, for raising ` 11700 crore.