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
April 27 Kotak Mahindra Bank Ltd, India's fourth-biggest private sector lender by assets, reported a better-than-expected 40 percent rise in fourth-quarter net profit, helped by higher interest and fee income even as its bad loans ticked up.
Net profit rose to 9.76 billion rupees ($152.3 million) for the three months to March 31, from 6.96 billion rupees a year earlier, Kotak said on Thursday.(bit.ly/2oz1Ehc)
Analysts on average had expected a net profit of 9.38 billion rupees, Thomson Reuters data showed.
Gross bad loans as a percentage of total loans rose to 2.59 percent at end-March, from 2.42 percent in December. ($1 = 64.0950 Indian rupees) (Reporting By Tanvi Mehta and Samantha Kareen Nair in Bengaluru; Editing by Amrutha Gayathri)
* 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SAO PAULO, June 24 Brazilian lawmakers need to urgently pass a revamping of the country's outdated labor code in order to mitigate extra costs for companies and consumers, the co-chairman of Brazil's largest bank said on Saturday.