Business Events Which Made Headlines In 2012

26. Rajat Gupta Sentenced on October 24

Rajat Gupta, the Fallen Wall Street tycoon was sentenced to two years of imprisonment and $5 million penalty by a U.S. district court judge. The judge called his trading crimes “a terrible breach of trust” and “disgusting”. The District Court Judge Jed Rakoff also ordered Rajat Gupta to dole out a year of supervised released after the prison period ends.

27. Diageo-United Spirits Ink Deal on November 9

This is something usually we do not see in takeover situations that both the stock of the acquiring and the company bought boosts up together. But that’s what happened when Diageo Plc took control of 53.4 percent stake of United Spirits owned by Vijay Mallya which is worth 11, 166 crores.

More: 10 CEOs and Their First 'Kidult' Jobs

28. Government Auctions 2G Spectrum on November 12

The 2G spectrum auction was not up to the expectation of the government. Mere 9, 407 crore were fetched out of 40, 000 crore. The auction ended after 15 rounds of bidding according to the orders of the Supreme Court.

29. Second Recession Strikes Euro Zone on November 15

The debt crisis of the Euro zone dragged the bloc into recession first time since 2009 instead of maximum growth in Germany and France. Data showed that the Gross Domestic Product of euro zone euro zone slipped off by 0.1 percent in July to September period.

Also Read: 10 Best Business Apps of 2012