News digest: IL&FS crisis, car sales, bond markets, LTCG tax, and more

New six-member board may choose Uday Kotak as chairman

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The National Company Law Tribunal (NCLT), Mumbai, superseded the board of beleaguered infrastructure financier Infrastructure Leasing & Financial Services (IL&FS) with six new directors after the government moved a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