2023

Wrapped
ALL MAJOR BUSINESS HAPPENINGS AT ONE PLACE
 Adani vs Hindenburg

Peak Month: January

In early 2023, Gautam Adani faced a significant
wealth surge, but a Hindenburg Research report
alleging financial misconduct led to a major
Adani Group stock sell-off. Despite partial
recovery, challenges persist with ongoing
investigations by Sebi and the Supreme Court in
2024.
Silicon Valley Bank Collapse

Peak Month: March

Silicon Valley Bank (SVB) faced closure due to
substantial investment losses, significant
depositor withdrawals, and other financial
challenges. Following the shutdown, First
Citizens Bank acquired all deposits and loans
from SVB later that month.
 GoFirst goes bankrupt

Peak Month: May

Once a budget airline competitor, Go First faced
financial difficulties and operational disruptions
throughout the year. In November, the airline
announced a potential shutdown, raising concerns
about employee welfare and passenger refunds
 Titan Submarine Massacre

Peak Month: June

On June 18, 2023, the submersible named Titan
disappeared in international waters in the North
Atlantic Ocean near the coast of Newfoundland,
Canada. It had five people onboard.
 Twitter changes to X

Peak Month: July

In July 2023, Musk started calling Twitter "X"
and changed its logo on phones. This came
after earlier changes to the website and
Twitter accounts.
 India lands on moony backyard

Peak Month: August

In a giant leap for its space programme, Chandrayaan-3
touched down on the Moon's South Pole at 6.04 pm on
Wednesday, propelling the country to an exclusive club of
four and making it the first to land on the uncharted surface.
 India hosts G20 Summit

Peak Month: September

In 2023, India assumed leadership in the global South,
hosting a successful summit that united leaders with
differing views. Under its presidency, India advocated
for African nations, securing the African Union's
permanent G20 membership.
 Tata IPO after 19 years

Peak Month: November

Tata Technologies listed on the Indian bourses on November 30. It

was significant as this was the first IPO of the much-coveted
Tata Group in 19 years. Tata Consultancy Services was the group's
last IPO in 2004.
 Rats defeat the mountains

Peak Month: November

November 2023 witnessed a historic rescue mission in Uttarakhand,
where 41 trapped workers were extricated after a 400-hour
operation. Despite setbacks, rescuers persevered, with "rat-hole
miners" playing a crucial role in the final stretch.
 Google Launches Gemini AI

Peak Month: December

Google DeepMind’s Gemini AI model, inspired by AlphaGo
techniques and fused with advanced language capabilities, aims
to outperform OpenAI’s GPT-4 and revolutionize the AI Industry
 Happy new year to everyone!
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