Diversified retail player, Vishal Retail has denied a newspaper report, which stated that it will close down about one third of its 172 retail outlets and downsize its staff across the country due to slowing sales.
The company official stated that it has not issued any such statement in the press, and all reports related to the matter are totally false.
It may be noted that the company has closed its two stores in last week.
The rumors are floating all around as of now is that Microsoft will release its own smartphones. It is being predicted by one analyst that the device may be revealed at the GSMA Mobile World Congress in two weeks.
Exporters facing tough situation due to slump in overseas demand have a reason to cheer. The Reserve Bank of India has relaxed norms pertaining to export credit in the global market, enabling exporters to avail funds from overseas market.
It was informed by online DVD Company Netflix on Thursday that past three months have seen one million Microsoft Xbox 360 video game console users activating Netflix's movie streaming, since the two companies formed a partnership.
Country's largest cement maker, ACC announced financial results for year ended December31, 2008. The firm posted 23 per cent decline in net profit following high input costs and low demand in realty sector in the midst of global financial crisis. Its net stood at Rs 1,099 crore in the reporting quarter as compared to Rs 1,427 crore in the same period last year.
Thursday saw Microsoft Corp. launching gossip site Wonderwall. com, which basically is a scrolling wall of star photos and news aimed to provide users the feel of flipping through a celebrity magazine.
