IBM has sacked nearly 300 employees from its services division, as the technology giant looks to "re-invent itself" and meet changing needs of customers. A majority of these employees were in software services roles. "This in accordance with IBM's strategy to re-invent itself to better meet the changing requirements of our business and to pioneer new high value services," an IBM spokesperson said.

Public sector telecom firm BSNL will clear salaries of all employees for February month by Friday, its Chairman and Managing Director Anupam Shrivastava said. "BSNL will pay salary of all employees by today. We are thankful to telecom minister Manoj Sinha for his timely intervention to ensure that salaries of employees are paid at the earliest," the BSNL CMD said.

Bank of Baroda has become one of the first public sector banks to launch a crche/child daycare facility for children of its employees. After launching such a facility at its Mumbai corporate office in Bandra Kurla Complex which houses some 1500-plus employees, the bank intends to roll out more of them at its head office in Vadodara.