A look at some of the major business events of 2016

Mukesh Ambani launched his ambitious telecom service Reliance Jio in September 2016. It crossed the 50-million subscriber base within three months of its launch. (Reuters photo)

The bitter boardroom war in the Tata Group escalated further as Tata Sons removed Cyrus Mistry as chairman of the infotech giant in October. Tata Sons holds 73.3% in Tata Consultancy Services, the crown jewel of salt-to-software conglomerate. (Reuters photo)

Urjit Patel took over as the Governor of Reserve Bank of India from Raghuram Rajan in the month of August. 52-year-old Urjit is an Indian economist who was previously the Deputy Governor and looked after monetary policy, economic policy research, statistics, etc. (Reuters photo)

The greatest tax reform since independence, Parliament passed the Goods and Services Tax (GST) Bill in August 8 which will remove multiple taxation systems in the country. The bill is the biggest reform being introduced by the Modi government, which seeks to implement it by April 1. (Reuters photo)

Microsoft won the bid to acquire LinkedIn for $28.1 billion. LinkedIn shares spiked 64% after the announcement was made on June 3, 2016. LinkedIn, which was being pursued by as many as five companies, chose Microsoft to integrate its powerful networking and customer relationship management (CRM) capabilities with Microsoft’s cloud capabilities. (Reuters photo)

Prime Minister Narendra Modi gestures as he addresses a gathering during a conference of start-up businesses in New Delhi on January 16, 2016. Prime Minister Modi launched a number of initiatives to support the country's start-ups, including a Rs 100 billion fund and a string of tax breaks for companies and their investors as well. (Reuters photo)

Vijay Mallya after defaulting on over Rs 9,000 crore worth of loans from 17 banks, fled the country in March 2016 and went to UK. (Reuters photo)

Yoga guru Ramdev's company Patanjali Ayurved Ltd became the country's biggest FMCG firm, beating the earnings of Hindustan Unilever. Patanjali was running a good profit since its launch, when a fine of Rs 11 lakh was imposed by a court on charges of misbranding and misrepresentation of its products, in December 2016. (TOI photo)

President and chief operating officer (COO) of SoftBank, Nikesh Arora resigned from the company with effect from June 22, 2016 but is staying on in an advisory role for a year till the time his successor is decided. (Reuters photo)