Australia 1/75 in 11.2 overs (M Clarke 37 no) defeated India all out 74 in 17.3 overs(N Bracken 3/11) by 9 wickets with 52 balls to spare.
The match was played at the MCG before 84,041 spectators. India, whose officials had indicated that they would treat the game as a practice match, did not include Sachin Tendulkar. Ricky Ponting did not play for Australia because of injury.
For more information see:
Scorecard (includes ball by ball commentary), and Cricinfo Bulletin.