One of the most effective business blogs I have seen from an Indian firm is the Magicbricks.com blog (by a real estate dotcom).
Of course, my vote would go to Tata Interactive Systems' blog for the views and conversations it builds.
In the meantime Naukri has refurbished its recruiter blogs UI and now offers a featured blogs section that seems to highlight the blogs that employers are taking effort to build rather than have just dry job descriptions. Check my first post here.
What are the examples you have of Indian firms using blogging well?
Infosys. It has its own blogging site for over an year. But it is hosted on its intranet (sparsh) and so is accessible only to its employees.
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