Important Events of December – 28

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Praveen
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Important Events of December – 28

Dhirubhai Ambani’s Birthday

Birth: 28 December 1932

  • Dhirajlal “Dhirubhai” Hirachand Ambani (28 December 1932 – 6 July 2002) was an Indian business tycoon who founded Reliance Industries in Bombay.
  • He appeared in The Sunday Times top 50 businessmen in Asia. Ambani took Reliance Industries public in 1977 and by 2002, when Dhirubhai Ambani died the combined fortune of the family was $9 billion.
  • Ambani died on 6 July 2002. In 2016, he was honored posthumously with the Padma Vibhushan, India’s second highest civilian honor for his contributions in trade and industry.
  • Ambani returned from Yemen to India and started “Majin” in partnership with Champaklal Damani, his second cousin,who lived with him in Turkey. Majin was to import polyester yarn and export spices to Yemen. Dhirubhai Ambani founded Reliance Industries in 1977.
  • The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in Masjid Bunder.
  • During this period, Ambani and his family stayed in a two-bedroom apartment at the Jai Hind Estate in Bhuleshwar, Mumbai.

Death:

Ambani was admitted to the Breach Candy Hospital in Mumbai on 24 June 2002 after he suffered a major stroke. It was his second stroke, the first had occurred in February 1986 and had paralyzed his right hand. He was in a coma for more than a week and a number of doctors were consulted. He died on 6 July 2002.

Ratan Tata’s Birthday

Birth: 28 December 1937

  • Ratan Tata was born in Bombay, now Mumbai, on 28 December 1937, and is the son of Naval Tata (born in Surat). His biological maternal grandmother had been the sister of Hirabai Tata, wife of group founder Jamshedji Tata. His biological father, Hormusji Tata, had belonged to the broader Tata family; Naval therefore was a Tata by birth.
  • His first language is Gujarati.
  • In 1961, Tata began his career in the Tata Group, working on the shop floor of Tata Steel, shoveling limestone, and handling the blast furnace.
  • Promoted to management during the 1970s; he then endured trial by fire and was able to turn Group company National Radio and Electronics (NELCO) around, only to see it collapse during an economic slowdown.
  •  In 1991, J. R. D. Tata stepped down as chairman of Tata Sons, naming him his successor.
  • Tata’s strong belief of giving wealth back to the people is reflected in his donations of approximately 60-70 per cent of his wealth, especially in the support of education, medicine and rural development, distinguishing him as a leading philanthropist in India.
  • In 2013, he was appointed to the Board of Trustees of the Carnegie Endowment for International Peace.
  • In February 2015, Ratan took an advisory role at Kalari Capital, a venture capital firm founded by Vani Kola.
  • In October 2016, Tata Sons removed Cyrus Mistry as its chairman, nearly 4 years after he took over the reins of the over $100 billion conglomerate, Ratan Tata made a comeback, taking over the company’s interim boss for 4 months.
  • On 12 January 2017, Natarajan Chandrasekaran was named as the chairman of Tata Sons, a role he assumed in February 2017.
  • Ratan Tata received the Padma Bhushan in 2000 and Padma Vibhushan in 2008, the third and second highest civilian honours awarded by the Government of India.

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