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Reforms and beyond: 1991-2010

Reforms and beyond: 1991-2010

Reforms and beyond: 1991-2010

BusinessToday.In
BusinessToday.In
  • Updated Dec 27, 2010, 11:35 AM IST
Reforms and beyond: 1991-2010
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A quick look at the men, machines and moments that defined and shaped India and Indian business in the last two decades.

1991-1995
: Scooters rule Indian roads accounting for nearly half of all two-wheeler sales in 1991. Today, that's under 15%.
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1991-1995: Azim Premji's Wipro goes global by setting up its US headquarters in California in 1992.
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1991-1995: Pagers are introduced in 1995. By 2000, over seven lakh pagers are sold. Mobile phones eventually killed pagers.
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1991-1995: Aviator, philanthropist and industrialist J.R.D Tata passes away in 1993. Two years before his death, in March 1991, Ratan Tata is appointed Chairman of the Tata Group
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1991-1995: Rice exporter Subhash Chandra launches Zee TV in October 1992, as India's first Hindi satellite channel
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1991-1995: Thirteen bombs explode in multiple locations in Mumbai in 1993. One went off at the Bombay Stock Exchange building.
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1991-1995: NSE replaces the outcry system with automated trading in 1994. BSE follows in 1995.
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1991-1995: At his peak, Harshad 'Big Bull' Mehta rode around in a chauffeur driven Lexus. He spent most of the 1990s in jail and died in 2002
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1996-2000: Prime Minister Deve Gowda meets Bill Gates at Davos and invites him to India. Gates comes calling in March 1997.
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1996-2000: Sabeer Bhatia sells Hotmail to Microsoft for $400 million in December 1996, becomes the poster boy of Indian entrepreneurship in the US.
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1996-2000: By 2000, as three foreign companies set up offices in Bangalore every fortnight, the pensioner's paradise transforms into a congested metropolis. IT exports cross Rs 4,400 crore.
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1996-2000: Dewang Mehta, head of Nasscom, becomes the voice of the Indian IT industry. Mehta's lobbying efforts led, in part, to concessions like zero duty exports and tax concessions. Mehta passed away in April 2001.
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1996-2000: VSNL introduces Internet services in India in 1995. By 2003, 50,000 cyber cafs mushroom
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1996-2000: Ratan Tata behind the wheel of the Indica - India's first indigenous car - at its launch in December 1998
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1996-2000: India's first ever fashion week - the Lakme India Fashion Week - is held in New Delhi in August 2000.
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1996-2000: Sachin Tendulkar signs with Mark Mascarenhas's WorldTel for a $7.5 million, five-year marketing deal in 1995. It's the biggest such deal in Indian sports.
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2001-2005: Nandan Nilekani takes over as CEO of Infosys from N.R. Narayana Murthy in March 2002. Two years later, Infosys clocks a billion dollars of annual revenue for the first time.
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2001-2005: Hero Honda becomes the largest motorcycle manufacturer in the world by selling 1.3 million vehicles in 2001.
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2001-2005: Delhi Metro is flagged off on Christmas Day, 2002. Since 2002, over 1.25 billion commuters have used the Metro.
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2001-2005: In 2002, Wipro buys Raman Roy-promoted BPO Spectramind. IBM buys Daksh in 2004. IT services players go the BPO way.
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2001-2005: Reliance founder Dhirubhai Ambani passes away on July 6, 2002. In November 2004, a spat between his sons, Mukesh and Anil, comes to light.
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2001-2005: Helicopter pilot-turnedentrepreneur G.R. Gopinath launches Air Deccan in 2003. India's low cost aviation boom takes wing.
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2001-2005: As spending power increases, India's mall boom begins. By 2005, 158 malls are up and running.
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2006-2010: Lalit Modi creates cricket's most lucrative property, IPL, in 2008. Two years later, an out of favour Modi is persona non grata in Indian cricket.
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2006-2010: 26/11: India's worst terrorist attack. Ten terrorists hold India's financial capital hostage for four days.
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2006-2010: American President Barack Obama visits India, signs trade deals and goes back with 50,000 jobs for Americans in November 2010
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2006-2010: FIIs and robust economic growth put the Sensex on a steroid-driven growth path.


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2006-2010: Satyam founder B. Ramalinga Raju confesses to cooking books in January 2009. Since then, he has been in and out of jail.
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2006-2010: Protestors burn a model of the Tata Nano car in Singur, protesting against land acquisition.
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2009: Satyam Scandal2006-2010: Scenes like these were common at Indian airports in the late 1990s. Bangalore, Hyderabad, New Delhi and Mumbai either get brand new or refurbished airports.