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Microsoft's diwali gift : Xbox 360

Microsoft announced its plans to launch its popular Xbox 360 gaming console in India. According to Reuters, the Software giant is aiming to hit market before Indian’s biggest festival Diwali, when many companies pay annual bonuses to workers. The software firm hopes to offer the Xbox 360 console, its controller along with a game for 19,990 rupees ($439). In the United States, it sells the Xbox 360 and a controller at between $299-$399, while a game costs another $50-60. Microsoft said it hoped to set up 1,200 retail outlets in India's main cities of New Delhi, Mumbai, Chennai, Kolkata and the tech-hubs of Bangalore, Pune and Hyderabad.