Bharti Airtel’s net profit, total revenues down on quarter-on-quarter basis

Oil & Natural Gas Corp. (ONGC), India’s biggest government-owned energy explorer, said net profit in the three months ended September 30, 2009 climbed 5.8 percent to 5,090 crore rupees on higher earnings from crude oil sales.

Versace, the Italian fashion house, has decided to cut jobs in the wake of low demand for designer merchandise. The layoffs will affect almost one fourth of Versace's total employees around the world.

Reliance Q2 2009 quarterly report released; net profit down 6.4 %

Nine Dot Nine Media has unveiled CFO India, a monthly magazine targetting finance professionals in India. Priced at Rs 50, CFO India has been launched with a controlled circulation, and won’t be available on newsstands for now.

Even though Mahindra Satyam had promised its employees that their jobs are secure, many employees on the Virtual Pool Program (VPP) of the company have received an e-mail regarding a formal notice of two months.

The 11.6-kilometre-long expressway, the elevated corridor that connects Hyderabad, the capital city of Andhra Pradesh, with the new Shamshabad Rajiv Gandhi International Airport, is likely to be thrown open for vehicular traffic by Diwali.

In the first incidence of its kind, Hindustan Unilever is being scrutinised by the government for having made “tall claims” on its malted beverage named Kissan Amaze.

Elinor Ostrom and Oliver E Williamson, both of the United States, have shared the Nobel Prize for Economics for 2009 for their analyses of economic governance, that is, “the rules by which people exercise authority in companies and economic systems.”

Sterlite Energy Limited, of the Vedanta Group, has won the bid to develop India’s first ultra-mega-power transmission project, which is aimed at bringing surplus power from the country’s eastern states and the North-East to the northern region.