Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 per cent increase in advertising revenue.

The software company's net income was $6.1 billion, or 72 cents per share, for the third quarter, which ended in March.

The rating agency downgrades Finnish cellphone maker Nokia's long-term corporate credit rating to BB-, from BB+, citing the likelihood of the company's deteriorating profitability.

Over the last 15 years, as HCC diversified and took on bigger projects, it accumulated debt amounting to Rs 4,300 crore. Servicing it has taken a heavy toll on the balance sheet.

Google completes the acquisition of cellphone maker Motorola Mobility for $12.5 billion in an all-cash deal and appointed Dennis Woodside as the new CEO in place of Sanjay Jha.

Freelance number crunchers are providing high-quality services to small companies that cannot hire a full-time CFO. They charge about one-eighth to one-tenth the fee that their full-time counterparts would. Special: India's Best CFOs

Cognizant has overtaken Bangalore's Wipro to the Number three rank by revenues among IT service firms operating from India. Infosys, ranked second, is next in its sights. Under headman Francisco D'Souza, Cognizant has turned the outsourcing model on its head.

Google attributed surge in quarter earnings to revenue generated by paid clicks on its search ads. It posted a net of $2.3 bn in the January-March quarter against $1.96 bn last year.

Employees see themselves as brands, make hard choices and want work-life integration. This and more in the 10th Business Today best employers study.

He used a combination of timing and talent to build a powerhouse. He’s got plenty going for him. Can he make the big leap to take on mightier competitors? Rachna M. Koppikar tells more.

It’s a demonstration of an institution’s bench strength that within days of two of their top honchos putting in their papers, their replacements were announced: Especially when the outgoers have nursed the businesses since inception. This is exactly what ICICI Group did recently.

Jagdish Khattar recounts his bumpy ride at Maruti’s wheel when BT asked some industry veterans like him to share how they survived severe crises in times of economic slowdown. Job loss: Are you next?5 Lakh to 50 LakhThere’s life after layoff...Dealing with your first slowdownTime to talkCampus droughtUnited we stand

Managers are racking their brains for strategies to beat the slowdown. But hotshots remain hotshots. We present 5th listing of India's young and happening executives.

It was among Indian IT’s most promising companies, but turmoil in its key markets and some costly misses have plunged the Bangalore-based firm into a battle for survival.

“We’re not here to run a Mickey Mouse business. We’re looking at substantial revenues from India—in hundreds of millions rather than tens of millions of pounds”

Business Today’s league of extraordinary managers—25 young guns, aged 40 or under, who are blazing a trail up the corporate ladder.