Govt takes control of IL&FS; new board may choose Uday Kotak as chairman
The National Company Law Tribunal (NCLT), Mumbai, superseded the board of beleaguered infrastructure financier Infrastructure Leasing & Financial Services (IL&FS) with six new directors after the government moved a petition to remove the previous board of directors. Read more
Carmakers in the slow lane as sales fail to pick up speed in September
The domestic car-manufacturing industry has seen a decline of 3 per cent in September sales even with the festive season round the corner, indicating an impact of the escalation
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