Business news in Brief

D-Link Board Approves Demerger Plan
The Board of Directors of D-Link (India) has approved the proposal of restructuring the business of the company by a 'Scheme of Arrangement' at its Board meeting held recently.

Convergys to hire 2,500 new agents in India
Convergys Corporation plans to add 2,500 contact center agents in India by the end of the year. The company has more than 13,000 employees in India.

Indian Bonds Advance After Central Bank Lowers Reserve Ratio
India's 10-year bonds advanced for a fourth day after the central bank unexpectedly moved to ease the supply of funds in the banking system.

Commodity broking to get foreign investment nod
After debating for four years, the Indian government has finally decided to allow foreign investment in commodity broking business.

India can weather the global financial storm: Chidambaram
The global financial crisis will affect India indirectly and require industry and the regulators to remain ever so vigilant to weather the storm, Finance Minister P. Chidambaram has said.