The year 2017 was great for multiple business executives, policymakers, and the political leaders as well in listing their name as the finance newsmakers. Here we are listing some of the famous Indian personalities that made headlines related to the finances while buzzing around the industry.
Let us have a sneak peek at those prime finance newsmakers in the year 2017:
- Vijay Mallya: (Age 61)
One of the most controversial Indian businessmen who shocked everyone as he fled to London from India in March 2016 made a big headline in April 2017 and October. He was arrested on April 18, 2017, and then was instantly bailed out the same day, the same moment due to the charges of money laundering. The same scenario was again repeated on October 3. His extradition trial began on December 4 at UK court and the Indian government is looking to getting his custody for having swindled Indian banks to the tune of Rs. 9000 crore. The final decision stated that Mallya would be arrested if in case he sets his foot on Indian soil.
2. Nandan Nilekani: (Age 62)
Another 2017 highlight making finance-related news was Nandan Nilekani. Nandan Nilekani is Infosys co-founder and a tech billionaire who has joined ‘The Giving Pledge’ network along with his wife Rohini Nilekani. It is an elite network of the world’s wealthiest individuals donating half of their wealth to philanthropy. The Giving Pledge network was initially created by Bill Gates & Melinda Gates and Warren Buffet in August 2010.
3. Anil Ambani: (Age 58)
The next person on this list is Anil Ambani, owner of Reliance Communications who decided to shut down its 2G mobile phone operations. This decision was taken because the business was not generating viable profits as compared to that of the Reliance Jio which is owned by his elder brother Mukesh Ambani. Reliance Jio is offering free voice calls and 4G data packs at just negligible prices.
4. Rajnish Kumar: (Age 59)
Next in the list is Rajnish Kumar who was appointed as the chairman of State Bank of India- the largest public sector bank. He replaced Arundhati Bhattacharya whose working tenure came to an end. The initiation of Kumar’s career was as an SBI Probationary Officer in 1980.
5. Indira Nooyi: (Age 62)
Another person on the list is Indira Nooyi that made India proud by acquiring her place at No. 2 position on the Fortune’s US Most Powerful Women in Business list. She is a renowned face in the business world and is Chairperson as well as Chief Executive Officer of PepsiCo
6. Rajiv Kumar: (Age 59)
Next name is Rajiv Kumar- a noted economist, who took over as the Vice Chairman of government think tank, Niti Aayog. He replaced Arvind Panagariya- the Indian-American economist who returned to academia in the United States while leaving the think tank.
7. Vishal Sikka: (Age 50)
Next on the list is the Managing Director and CEO of Infosys- Vishal Sikka. He resigned from the firm citing the ‘personal attacks’ on him. Due to this sudden move that came amid growing bitterness between the company’s board as well as the company founders led by NR Narayana Murthy. The co-founder of Infosys- Mr. Nandan Nilekani was returned on-board as the non-executive chairman in order to bring stability to the crisis-hit company.
8. Shikha Sharma: (Age 59)
Another lady on the list is the CEO of Axis Bank Shikha Sharma. She made her way towards the rankings of the most powerful women in the business outside the United States drawn up by the Fortune magazine.
9. Chanda Kochhar: (Age 56)
Next name is the powerful businesswoman Chanda Kochhar who is the Chief Executive Officer of the ICICI Bank that made to the rankings in the Fortune magazine. She is among those famous personalities who are outside the United States.
10. Mukesh Ambani: (Age 60)
Next comes on the list- the richest Indian Mukesh Ambani- the Reliance Industries Chairman became the richest man in Asia. As per the data of Forbes Real Time billionaire, the wealth of Mukesh Ambani rose by $223 million to $41.8 billion that made him Asia’s richest man.
11. Arun Jaitley: (Age 64)
Next name in the list is of the famous politician of India- Mr. Arun Jaitley who is the Finance Minister of India. He played a key role in launching Goods and Service Tax which is considered as India’s biggest indirect tax reform, despite facing numerous opposition and protests from different states, political parties as well as business communities. Goods and Service Tax which is popularly known as GST is a unified tax of 17 different indirect taxes and was launched on midnight of 30th June at Parliament’s Central Hall in the presence of Honorable President Pranab Mukherjee and Honorable Prime Minister Narendra Modi.
Thus, these were some of the most famous finance newsmakers of India for the year 2017.