Business Events Which Made Headlines In 2012

22. Kingfisher Lockout on September 29

The year 2012 didn’t seem to be pleasant for Kingfisher airlines. On September 29 the engineers first went on strike and the pilots also followed them the next day. Civil aviation regulator, DGCA suspended the flying license of the airline and asked it to be present in front of DGCA before December 31st stating it is ready to start operating again.

23. Vikram Pandit Resigns as Citigroup CEO on October 16

Just after the Citigroup announced their third-quarter earnings stronger then expected, two of the big heads of the bank resigned surprisingly. Vikram Pandit resigned as the CEO of Citigroup and was taken over by Michael L. Corbat, head of the bank’s Middle Eastern division. Along with Mr.Pandit Mr. John P Heavens, Citi’s president also resigned.

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24. Mahindra Drives Ssangyong to India with Rexton

October 17

Finally auto manufacturer Mahindra and Mahindra’s waiting was over after it launched the Rexton in India this year. The company has been waiting to bring Ssang Yong into India since 20011 after it started controlling stake of the company. The price for Rexton has been fixed at 17.67 lakhs.

25. Starbucks Opens Its First Store In India on October 19

After spreading the aroma all over the world, Starbucks finally opened its first café in India this year. Starbucks joined hands with Tata Global Beverages and entered India through a 50-50 joint venture and the café is named as Tata Starbucks Limited. The café is inaugurated in Mumbai and soon there are plans to have other outlets across the country.

Also Read: 13 Fascinating Facts About Starbucks