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
MUMBAI Dec 7 India's central bank said on Wednesday it would withdraw the temporary 100 percent hike in the cash reserve ratio announced late last month that was intended to absorb the extra liquidity created after the country banned higher-value notes.
The withdrawal will start in the fortnight beginning Dec. 10, the Reserve Bank of India said in a statement.
The RBI temporarily hiked the CRR to 100 percent as banks were awash with deposits as people turned in their abolished notes, but said the measure was no longer needed after the government agreed to issue special bonds to absorb the liquidity. (Reporting by Rafael Nam; Editing by Sherry Jacob-Phillips)
* 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SAO PAULO, June 24 Brazilian lawmakers need to urgently pass a revamping of the country's outdated labor code in order to mitigate extra costs for companies and consumers, the co-chairman of Brazil's largest bank said on Saturday.