- NSEL scam, Shakti Mills gangrape shame MaharashtraRaghuram Rajan's RBI warns Indian economy may suffer poll pain pangs on fractured mandate in 2014BSE Sensex closes lower, Infosys Ltd, ICICI Bank share prices a dragNSEL scam: RBI says targets Jignesh Shah, says no promoter should control any exchange
known industrialist Kumar Mangalam Birla came into focus after his name found its way in the FIR filed by the Central Bureau of Investigation (CBI) related to coal allocation scam.
India-origin chief of Pepsico Indra Nooyi hogged headlines towards the end of this year with the beverages major unveiling plans to invest a staggering Rs 33,000 crore in the country.
Amid persisting uncertainties over economic growth and compelling need to ensure positive investment climate, many a regulatory heads made their presence felt.
Inflationary pressures kept Reserve Bank of India governor Raghuram Rajan busy in making efforts to strike a balance between price rise and growth. Contrary to expectations, the new RBI chief's approach almost reflected that of his predecessor D Subba Rao, who had attracted brick bats from business community for his hawkish monetary policy.
Far away, the US Federal Reserve chairman Ben Bernanke, who is all set to hang his boots early next year, kept markets on tenterhooks with expectations and concerns over his easy money regime. Starting the process of tapering, the Federal Reserve this month announced cutting down of monthly bond purchases.
U K Sinha, the chief of capital market watchdog Securities and Exchange Board of India (Sebi), steered ahead with a plethora of reform-oriented measures for investors as well as corporates. Equipped with new powers, he is also leading the way in clamping down on fraudulent money pooling schemes.
Apart from political heat, a few ministers had their share of limelight this year. While Finance Minister P Chidambaram went all out to take measures to revitalise the economy and contain fiscal deficit, his Commerce counterpart Anand Sharma played tough before clinching the WTO deal in India's favour. Both were also instrumental in getting norms relaxed for foreign direct investments in many sectors.
Young turk and Corporate Affairs Minister Sachin Pilot managed to get the Parliament approval for the long pending new companies law that promises a paradigm shift.
Meanwhile, controversies continued to dog IT professional Phaneesh Murthy, who this year had to quit iGate following revelations that he was in a relationship with a female colleague.
With the election year round the corner, it is