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2008 Rewind

  • 2008 Rewind

    2008 Rewind

  • <b>June 11:</b> Ranbaxy&#39;s promoters agree to sell their stake to Japan&#39;s Daiichi Sankyo for $4.6 billion, the biggest pharma M&A in India

    June 11: Ranbaxy's promoters agree to sell their stake to Japan's Daiichi Sankyo for $4.6 billion, the biggest pharma M&A in India

  • <b>August 11:</b> Abhinav Bindra won India&#39;s first individual gold medal in men&#39;s 10-metre air rifle shooting at the 2008 Beijing Olympics

    August 11: Abhinav Bindra won India's first individual gold medal in men's 10-metre air rifle shooting at the 2008 Beijing Olympics

  • <b>September 20:</b> US Congress announced $700 billion bailout package under which the Treasury would buy illiquid mortgage-related debt of failed financial institutions. It was an eventful year with big bulge American names like Bear Stearns, Lehman Brothers, AIG, Merrill Lynch and Citibank in trouble

    September 20: US Congress announced $700 billion bailout package under which the Treasury would buy illiquid mortgage-related debt of failed financial institutions. It was an eventful year with big bulge American names like Bear Stearns, Lehman Brothers, AIG, Merrill Lynch and Citibank in trouble

  • <b>October 3 and 7:</b> Tata Motors pulls out from Singur following protests from Mamata Banerjee&#39;s Trinamool Congress over compensating land-losers in the area. Four days later, Tata announces that the plant is being located in Gujarat

    October 3 and 7: Tata Motors pulls out from Singur following protests from Mamata Banerjee's Trinamool Congress over compensating land-losers in the area. Four days later, Tata announces that the plant is being located in Gujarat

  • <b>November 4:</b> Barack Obama, 47, elected the 44th president of the United States becoming the first African-American to hold the post

    November 4: Barack Obama, 47, elected the 44th president of the United States becoming the first African-American to hold the post

  • <b>November 14:</b> Chandrayan lands on the moon. India becomes the fourth nation to mark its presence on lunar sarface

    November 14: Chandrayan lands on the moon. India becomes the fourth nation to mark its presence on lunar sarface

  • <b>November 26-29:</b> In a series of co-ordinated attacks, Pakistani terrorists armed with machine guns and grenades kill scores of civilians and took a number of hostages. The attacks occured in South Mumbai, at Chhatrapati Shivaji Terminus, the Taj Mahal Palace & Tower and the Oberoi Trident, and the orthodox Jewish-owned Nariman House. It took three days for security forces and commandos to flush out the terrorists

    November 26-29: In a series of co-ordinated attacks, Pakistani terrorists armed with machine guns and grenades kill scores of civilians and took a number of hostages. The attacks occured in South Mumbai, at Chhatrapati Shivaji Terminus, the Taj Mahal Palace & Tower and the Oberoi Trident, and the orthodox Jewish-owned Nariman House. It took three days for security forces and commandos to flush out the terrorists

  • <b>December 17:</b> Satyam Computer Services under fire from institutional investors after it announced $1.6 billion acquisition of Maytas Properties and Maytas Infra, companies controlled and run by the promoter&#39;s family. The company had to call off the decision

    December 17: Satyam Computer Services under fire from institutional investors after it announced $1.6 billion acquisition of Maytas Properties and Maytas Infra, companies controlled and run by the promoter's family. The company had to call off the decision

  • The benchmark Bombay Stock Exchange index, the Sensex, which rose to dizzying heights at the start of the year backed by a three-year bull run, saw its steepest fall this year as the index knocked off nearly 2/3rd of its value during the year. The Sensex finally ended the year with a huge loss of over 52 per cent.

    The benchmark Bombay Stock Exchange index, the Sensex, which rose to dizzying heights at the start of the year backed by a three-year bull run, saw its steepest fall this year as the index knocked off nearly 2/3rd of its value during the year. The Sensex finally ended the year with a huge loss of over 52 per cent.

  • Gold and crude oil prices, too, rocketed to record highs during 2008. While crude retraced sharply lower from its peak of $147 per barrel, gold continued to remain firm and trade near $900 levels against its summit of $1011.25

    Gold and crude oil prices, too, rocketed to record highs during 2008. While crude retraced sharply lower from its peak of $147 per barrel, gold continued to remain firm and trade near $900 levels against its summit of $1011.25

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