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.
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.
Wonderwall, which has been produced by Hollywood based BermanBraun is being expected by MSN to motivate users to spend quite a lot time on the site than they have elsewhere on the Web portal. It is also being hoped by the company that it will let the users to come up with innovative approaches to advertising.
Tata Motors may launch its ambitious small car Nano, the cheapest car of world, on March 3, the day of birth anniversary of Tata Group founder, Jamsetji Tata.
Its first recipient may be a celebrity from business world, political class, film industry or social sector.
The booking for much awaited small car would start from the end of February, with an amount of around Rs 70,000. However, the official spokesperson of Tata Group declined to disclose any details and said, "We have not announced an official date or any marketing plans so far."
Infosys Technologies, the second largest services firm of country by revenue, would take tough stance against poor performers. With 2,200 of its employees already been put under scanner for non-performance, things may be tough for the current staff.
However, the company ruled out any lay-offs and said that it wouldtake other measures to cut costs and increase business efficiency.
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.
Tata Motors may launch its ambitious small car Nano, the cheapest car of world, on March 3, the day of birth anniversary of Tata Group founder, Jamsetji Tata.
Infosys Technologies, the second largest services firm of country by revenue, would take tough stance against poor performers. With 2,200 of its employees already been put under scanner for non-performance, things may be tough for the current staff.
