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Business Briefs

Board meetings deferred

Mumbai, July 29: Many companies, including Reliance Industries, have postponed their board meetings, scheduled for tomorrow, in view of the bandh called by Shiv Sena and the BJP to protest Monday’s blast. However, the Bombay and National stock exchanges said it will be business as usual. Reliance’s first quarter results will now be announced on Thursday.

Indian Oil VRS

New Delhi, July 29: Indian Oil Corporation will shed about thousand surplus employees by giving them voluntary retirement, the Rajya Sabha was informed today. “The extent of identified surplus staff, all in the non- officer category, is about 1068, out of which between 700 and 1000 employees are expected to avail of the VRS,” minister of state for petroleum and natural gas Sumitra Mahajan said.

AirTel offer

New Delhi, July 29: AirTel today launched an equated monthly instalment scheme jointly with SBI Cards. Under the scheme, the SBI card holders can choose the new Flexipay product option of SBI cards and choose the AirTel 0 1 2 plan bundled with the Motorola T 190 handset for a first time payment of Rs. 299.

IT award

New Delhi, July 29: The Aditya Birla group has bagged the overall best information technology user award across verticals, Nasscom said.

Manipal course

New Delhi, July 29: The Manipal Academy of Higher Education, the first private deemed university, has teamed up with Hughes Escorts Communications to offer long distance MBA in financial services.


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