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Australia's current account deficit decreased in the first quarter of 2010 ended March 31, according to the Australian Bureau of Statistics. ABS said that the account deficit decreased in the March quarter as rising commodity prices start to filter through the economy. ABS also forecasted that the deficit will narrow further in the year 2010.

A recent report by Housing Industry Association showed that new home sales in Australia grew by 6% in the month of April. HIA said that the growth in April was mainly attributable to a better than expected growth in Victoria. The report also revealed that the multi unit sales grew sharply in the month of April.

Leading Browser, Mozilla has informed that the Firefox 4 is going to support the upcoming IndexedDB standard. The IndexedDB standard is basically meant for local database storing for the web applications. This has been informed in the released on Mozilla's new Firefox 4 for developers site.

The main advantage of this IndexedDB interface is that, it provides the user to access web applications at the time when there is even no network connection. This is going to be an all new inclusion for the HTML standards. The proposed IndexedDB is going to be an effective addition to the HTML standard.

Bipasha Basu, who was announced the brand ambassador of Wynncomm Telecom Ltd, will shortly join other Bollywood celebs on social networking site Twitter.

The actress said, "I think the phenomenon of social networking sites is great. I am not on Twitter as of now. But I am getting on Twitter very soon."

"A lot of people use their phones these days for social networking. But I just call people through my phone. In our kind of business, it is most important to first stay connected with our manager and chartered accountant. And for me, a verbal conversation with them is a must," she added.

Bajaj Auto has posted a 62% increase in its total sales during the last month (May 2010).

Two-wheeler and commercial vehicles major sold 299,442 units in May as compared to 185,341 vehicles in the year-ago period.

In an announcement, the company said that its flagship motorcycle brands Pulsar (75,974 units) and Discover (107,076 units) represented 68% of the overall motorcycle sales.

The company added that during the last month, its motorcycle sales increased by 63% to 269.488 units, while scooter sales stood at 648.

Tishma