Business Events Which Made Headlines In 2012
Bangalore: The year 2012 has witnessed few of the important business events that had made headlines across the world. In one hand where Supreme Court cancelled 122 second generation licenses, on other hand BMW launched its Mini Cooper making India its 100th market. We have summed up such business events that made headlines of the year 2012, as listed by NDTV.
1. Kodak Files for Bankruptcy on January 19
The photography pioneer Eastman Kodak had to file for Chapter 11 bankruptcy protections after it failed to commercialize its digital cameras, a technology invented by Kodak. Unable to attract buyers for its treasure of 1,100 digital imaging patents Kodak was running out of cash. In November 2011, it acclaimed that if the patents were not sold, it will soon run out of cash.
2. 122 2G Licenses Cancelled by the Supreme Court on February 2
On February 2 the much awaited 2G spectrum case results were declared by the Supreme Court. The 122 second generation (2G) spectrum licenses issued at A. Raja’s time were cancelled by the Supreme Court out of which 88 were canceled as they didn’t meet the criteria. The decision was considered as a big blow to the congress led- UPA government.
Also read: 9 Business Moves of The Year
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