Business Events Which Made Headlines In 2012


10. No “Likes” for Facebook on May 18

The year 2012 doesn’t seem to be acclamatory for Facebook founder Mark Zuckerberg.  The decision of avoiding trading hordes for long has turned out to be a big mistake for Mark leaving him with no option but to take Facebook public. But unfortunately it couldn’t fetch too many “shares” as the price offered was 11 percent higher than the initial offering and raised the price by $45.

11. Highest Petrol Price Hike from May 23

The highest petrol price hike was spotted this year by 6.28 per letter. This was the highest hike ever and the general people had to suffer the most. The prices were hiked twice by the oil firms by 5 per litre in 2011 when prices were increased in Delhi from 58.37 per liter to 63.37 per liter.

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12. Maruti Lockout from June 14

A month long lockout was announced by India’s largest car manufacturer Maruti in its Manesar plant in Haryana this year. The reason behind was a fight between a supervisor and a worker that got bigger leading to the death of senior HR executive Awanish Kumar Dev. Around 90 people got injured along with property damages in the plant.

13. IKEA Announces Plans To Invest 10,500 crore in India on June 22

Swedish giant furniture brand IKEA’s 10, 500 crore investment plan received a green signal from India’s Foreign Investment Promotion Board (FIPB) this year. IKEA approached the finance minister to start 25 stores of the brand across the country. All it needs is final approval from the Cabinet Committee on Economic Affairs to start the investment project.

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