News digest: Q2 earnings, direct tax panel, IL&FS mess, FDC drugs and more

The finance ministry has decided to reconstitute the task force on direct taxes law owing to differences between the ministry and the panel as well as among the members of the committee

Q2 earnings might have little to cheer due to high input costs, rupee fall  

Equity investors should brace for more downgrades in the September 2018 quarterly earnings season, which kicks off this week. Read more...

IL&FS, NHAI may reach out-of-court settlement on select highway projects

Infrastructure Leasing & Financial Services (IL&FS) and the National Highways Authority of India (NHAI) might opt for an out-of-court settlement in a couple of highway projects where the crisis-hit firm moved court, challenging the arbitration amount. 

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Finance ministry to recast direct tax panel after discord on suggestions

The finance ministry has decided to