New Delhi: The information technology (IT) sector In India is to grow by 4%-7% this fiscal and is expected to attain a double-digit growth in the next fiscal starting from April 2010.

Bharti Airtel, India's largest telecom operator, posted its lowest profit growth in 2009, in nearly six years.

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.

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.

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.”

Bloomberg, the financial news agency, is considering a bid for BusinessWeek, the business magazine published by McGraw-Hill.

Kerala's status as a paradise for honeymooners has received a shot in the arm with the lead characters of Star Plus' television soap Bidaai on a honeymoon jaunt in God's Own Country.

Chipmaker AMD is handing over termination letters to as many as 500 employees, citing the economic slump as reason. Last April, the company had cut as many as 1,600 staffers.

How to solve the global financial crisis - time to think a bit out of the box?