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Bharti Airtel said on Friday that it has shortlisted three multinational firms and two African IT companies for its billion dollar outsourcing contract in Africa.

This information was given by two sources close to the development while talking to ET.

Amongst the MNCs the big names are that if IBM, HP and Accenture. IBM currently handles the operations of Bharti in India and Sri Lanka.

Net profit of one of the major cellular company of India, Idea Cellular was down by 31 per cent, said the company on Friday.

The reason for this fall is that it has been facing operational losses happening due to launch of new services and also because of the payments for buying spectrum.

Falling circle rates and rising competition not only on the large infrastructure front but also on the tariff side has also done its bit to increase the expenses.

Porsche, the renowned German luxury car maker, launched its range of second-generation Cayenne models today in an Indian showroom.

The five new models - Cayenne, Cayenne S, Caynne Turbo, Cayenne Diesel and Cayenne S Hybrid, priced between Rs. 65.82-lakh to Rs. 1.27-crore, have already received bookings of at least 70 units in the Indian market.

The Cayenne has been priced at Rs. 65,82,000 while the  Cayenne S, Caynne Turbo, Cayenne Diesel  and Cayenne S Hybrid have been priced at Rs. 78,62,000, Rs 1,27,10,000, Rs 59,22,000 and Rs 75,46,000 respectively.

Bajaj Auto, India's second largest two-wheeler maker recently declared that it had made more than double the profits in the first quarter which ended on 30th June. The most important fact is that, now the company has presented that it is the major contender in the overseas market as well.

The Auto maker is undoubtedly one of the leading players on the country but in the June quarter it has improved its exports figures as well. As per reports, for the last four quarters, the number of vehicles exported to the other markets is getting improved.

The European stress tests marked on 91 banks shall take into consideration that the bank fatalities only on government bonds they deal slightly than those they have to mellowness, as per the draft at European Central Bank document.

According to a classified manuscript dated July 22 and labeled as EU Stress Test Exercise: the Key Messages on Methodological Issues is about the restyling is utilized to the dealing book collections only, as no evasion supposition was deemed.

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