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IL&FS board initiates austerity measures to tackle crisis

Updated : October 15, 2018 06:50 AM IST

The IL&FS board on Friday said they had begun cutting cost in staffing and unspecified operations as the first step in their efforts to revive the company.
IL&FS said that it had also approved the formation of an operating committee under vice chairman and managing director Vineet Nayyar and "had detailed deliberations in relation to the road map ahead".
IL&FS board initiates austerity measures to tackle crisis

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