January 23rd, 2009 by The Online Reporter
Microsoft, the world’s biggest software company has decided to fire its 5000 employees over next 18 months. 1400 employees have been expelled on January 22 and rest will be let go within next 18 months.
Statement has been released and according to statement Microsoft will eliminate up to 5,000 jobs in R&D, marketing, sales, finance, legal, HR, and IT because Microsoft struggled with Read the rest of this entry »
January 13th, 2009 by The Online Reporter
No doubt, India is one of those countries where IT sector boosted very rapidly, but it seems that now the downfall period has been started and World Bank blacklisted two more Indian companies and declared to have no more deals with them for next 4 years.
The names of these two companies are Wipro Technologies the third biggest indian software house, and a subsidiary of technology outfit Megasoft India. The allegation against these companies is improper payments. Wipro is accused of Read the rest of this entry »
January 1st, 2009 by The Online Reporter
Banking industry is getting more and more profitable for their owners here in Pakistan, although in U.S. and other western countries many banks became defaulter due to international economic crisis but in Pakistan banking sector is flying high.
Bank Islami is one of the premier Islamic Financial Institutes in Pakistan, providing various financial products and services in corporate banking, investment banking, consumer banking, online banking, auto loan financing, and ATM/debit cards.
Bank Islami has launched 102 countrywide online branches just in Read the rest of this entry »
December 20th, 2008 by The Online Reporter
Zimbabwe’s central bank issued new $10 billion currency note for public on Friday. There were many people who camped overnight at bank’s gate for withdrawal.
$10 billion note sounds like a huge amount of money but people can buy only 20 loaves of bread with it. Zimbabwe also issued Read the rest of this entry »
December 4th, 2008 by The Online Reporter
The price of LPG has been reduced by Rs12.70 per kilogram, Rs150 for 11.8 kilogram domestic cylinder, and Rs580 for 45.4 kilogram commercial cylinder in the local market. Read the rest of this entry »
