According to Economic Times' reports, Kiran Karnik, the government-appointed Chairman of the scandal-ridden Satyam Computer Services said that up to 10 percent of the company's 48,000-strong workforce might be rendered redundant, as the founder had hired excessive staff to conceal the monetary scam at the firm.

The proposed move of downsizing the staff comes after mid-sized outsourcer Tech Mahindra Ltd - the highest bidder of this week's bid for a controlling stake in the Satyam Computer - took over the company.

The Bharti Telemedia subsidiary of the telecom giant Bharti Airtel is reportedly negotiating a deal with two infrastructure service providers Cisco and Alcatel-Lucent, related to outsourcing the 'last-mile' connectivity of its broadband operations.

The 'last-mile' concept essentially constitutes the last lap of delivering connectivity from an operator's end to the customer's place. In the case of broadband services, 'last-mile' connectivity can be either through wired lines or over the wireless. By outsourcing its 'last-mile' operations, Bharti will be able to not only reduce its operational costs, but also concentrate on its core competencies.

In its latest move to add to the 'Do Not Disturb' policy, Bharti Airtel has launched its newest one-of-its-kind initiative - "My Airtel My Offer!" Using the service, the Bharti Airtel subscribers in Mumbai, Maharashtra, can enquire about the various ongoing offers to suit their needs, without receiving unwanted SMSs.

The service - which will be made available in English, Hindi and Marathi - can be accessed by dialing the toll-free number 12131. The direct call allows customers to listen to the personalized offers of the day, like best value tariff recharges; validity vouchers; or information about new value-added services.

BEML Limited, second largest maker of earth moving equipment in Asia, announced that it has established an assembly division, BEML Brasil Industrial Ltda, at Rio de Janeiro in Brazil.

Shri Pradeep Kumar, Secretary (Defence Production), Govt of India inaugurated the BEML BRASIL INDUSTRIAL LTDA in the company of His Excellency Shri BS Prakash, Ambassador of India to Brazil and Shri V RS Natarajan, Chairman and Managing Director, BEML LTD.

World's two biggest drug companies GlaxoSmithKline PLC and Pfizer Inc. will join hands to create a new company exclusively for developing and selling of HIV medicines. Both companies made announcement of the new venture on Thursday. The name of the company will be announced after the finalization of the deal. The new company will be based in London.

A 'cost-reduction, efficiency-enhancement' aimed restructuring program appears to in the offing for Naresh Goyal's private carrier Jet Airways! The company, which has recently slashed 30 percent of its flights and leased out several of its planes, is now planning to layoff nearly 400 employees.

Some other steps to be taken by the company include the closing down of some of its offices in metros that basically handle ticketing; as well as working out a centralized operation control centre in Mumbai. At present, flight despatch job for the airline is handled at its hubs at Delhi, Kolkata, Chennai, and Bangalore.