State-run banks line up VRS, to cut staff by 10%
Withering competition from nippy young private outfits has forced India’s state-run banks to use the lure of cash in a bid to slash their bloated greying workforce by at least 10 per cent.



BP, IOC & Gail plan $600 mn venture
Global energy giant British Petroleum along with the Indian Oil Corporation and Gas Authority of India will invest $600 million for setting up the world’s first commercial plant for producing di-methyl ether for use as alternate fuel in power plants.



Inflation rate surges to 8.16%
Triggered by the hike in the manufactured product prices, the inflation rate based on wholesale price index witnessed a minuscule 0.14 per cent rise to touch 112-week high of 8.16 per cent on December 30.



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LIC chairman rules out VRS
Infosys market cap falls by 24 per cent
Action plan for HW sector soon
US slowdown likely to hit world economy
IT, retail trade prop up property market in Q3
Toyota plans to launch small cars