BRIEF-No job layoffs happening at India's Infosys - CEO Sikka
* CEO Sikka says the 10,000 Infosys plans to hire in the United States will not come at the cost of Indian jobs
May 9 Bhushan Steel Ltd
* Bhushan steel clarifies on news item, "Bhushan steel may be brought under S4A; likely to close refinancing from German bank; due diligence underway"
* Says company is in discussion with banks for arriving at long terms solution for debt but nothing is finalized Source text for Eikon: Further company coverage:
* Chairman says there would be net additions in hiring in future, although at a slower pace
SAO PAULO, June 24 Brazilian lawmakers need to urgently pass a revamping of the country's outdated labor code in order to mitigate extra costs for companies and consumers, the co-chairman of Brazil's largest bank said on Saturday.