Verma panel moots 25% job cuts, 5-year wage-freeze for weak banks The MS Verma panel report on the restructuring of weak public sector banks has called for a 25% reduction in staff strength, a five-year wage freeze, and the closure and merger of several banks. Sebi turns down OIL's plea on listing of shares The Securities and Exchange Board of India has turned down the proposal of state-owned Oil India Ltd to list its shares on the stock market. Essar offers triple option repayment scheme for FRNs Essar Steel, which defaulted on a $250-million floating rate note obligation in July, has finalised a repayment plan that includes an option to secure the notes subject to approval by domestic financial institutions. Murdoch, Mittal float venture fund for Net startups Rupert Murdoch's News Corporation on Monday entered the Indian Internet industry by floating a joint venture capital fund with PK Mittal of the Ispat group to finance and manage Net start-ups.
Verma panel moots 25% job cuts, 5-year wage-freeze for weak banks
Sebi turns down OIL's plea on listing of shares
Essar offers triple option repayment scheme for FRNs
Murdoch, Mittal float venture fund for Net startups
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