± IT major Wipro has scrapped the upfront payment of 75,000 towards employment bonds for new recruits. (ET)
± Infosys, Tech Mahindra vie for Telstra's back-office business. (BL)
± Cadbury India will launch Oreo cookies, a billion dollar brand owned by its US-based parent Kraft Foods. (ET)
± The cash subsidy to fuel retailers IOC, HPCL and BPCL for losses from selling auto and cooking fuel below cost will be capped at 40% of losses. (FE)
± TCS bags legal management services contract in UK. (BL)
± PFC may raise up to US$1bn in external debt. (ET)
± PNB will buy equity stake and enter into a corporate agency tie-up with one of the 10 life insurers it has shortlisted. (ET)
± Interest rates in India have peaked or are near a peak, says SBI Chairman, O P Bhatt. (ET)
± NMDC has concluded an agreement with a consortium comprising SVAI of Austria and Nagarjuna Construction for turnkey execution of a sinter plant complex, marking the first contract among the nine packages for the three-million-tonne steel plant it is setting up at Nagarnar. (BL)
