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Since 1st March, 1999
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Business Briefs

ICICI Bank offers exit scheme

Mumbai, June 17: ICICI Bank has offered an ‘early retirement option’ to its employees. The VRS option will be available to those who have completed 40 years of age and seven years of service with the bank, including those entities which have merged with the bank, ICICI Bank said in a release here today. “It is an employee-driven decision meant for those who are seeking a soft-exit option. About 2000 employees will be eligible,” executive director Kalpana Morparia said.

Tax returns

New Delhi, June 17: The government today said that it has deferred the deadline for submission of income-tax returns by individual assessees by another two months to September 30.

Jessop selloff

Calcutta, June 17: The Union of India today told the Calcutta High Court, in its appeal against the nullification of the sale of public sector Jessop and Co, that all steps regarding its disinvestment were properly taken and valuation was rightly arrived at observing total transparency.

VSNL tie-up

Mumbai, June 17: Internet services provider Videsh Sanchar Nigam Ltd (VSNL) and MobileFirst, an alliance of mobile operators in India, have signed an agreement under which VSNL will be the “preferred” carrier for the latter’s national and international long-distance traffic.

Lever lockout

Calcutta, June 17: The first tripartite meeting today to break the impasse at Hindustan Lever’s Garden Reach factory failed to yield any result as the management and the unions refused to budge from their stands. Also, no date has been fixed for the next tripartite meeting, said sources in the state government’s labour department.

Trai move

New Delhi, June 17: The Telecom Regulatory Authority of India (Trai) today extended the deadline to June 30 for service providers for filing their revenue sharing agreements which have to conform to interconnection user charges regulation.

Sebi officials

New Delhi, June 17: The government has finalised the appointments of SBI managing director A. K. Batra and former IDBI deputy managing director T. M. Nagarajan as the two new executive directors of Sebi.

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