Top 10 biz headlines: Crackdown on shell firms, FPI registration, and more

From LNG project to HCL contract with cricket Australia, Business Standard brings you stories that made the headlines on Wednesday

Railways set to hive off production units in corporatisation drive
 

The Indian Railways is coming up with a plan to hive off its production units and associated workshops into a new government-owned entity—Indian Railway Rolling Stock Company. The move is part of an overall strategy to corporatise the functioning of the organisation.

https://mybs.in/2X6qvlg

ED arrests two former IL&FS executives in alleged money laundering case
 

The Enforcement Directorate on Wednesday arrested two former executives in connection with its money laundering probe in the IL&FS alleged financial irregularities case, officials said.

https://mybs.in/2X6qUL8

Legacy issues may keep Tata group away from investing in Air India