BK Modi-promoted HotSpot has launched 'Mobi SafeGuard', a unique, all-inclusive warranty for mobile handsets in the domestic market. However, the facility becomes applicable, only when purchased with new handsets.

The company official stated that Mobi SafeGuard will covers repair of all kinds of handset faults including liquid and physical damage for a 2 year period.

In addition, the facility also provides a 2-year extended warranty that adds to the average life of the phone, and moreover if the handset is not repairable, the company will provide a refund equivalent to 50% of the existing market value of the particular mobile handset model.

The cost slab for Mobi Safe Guard will be as under:-

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.

In a report written by Doug Freedman of Broadpoint AmTech on Thursday, confirmed, "The Microsoft-branded phone may include Nvidia's Tegra processor and a telecommunications baseband chip from Qualcomm."

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.

It was confirmed by Netflix that nearly 1.5 billion minutes of movies were watched by the Xbox LIVE community, who also viewed the TV episodes via its Watch Instantly video service. However, the company did not confirm as to how many subscribers it has actually gained from the 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.