Motilal Oswal
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Motilal Oswal
Oct 15, 2018 06:50 AM IST | Business

IL&FS board initiates austerity measures to tackle crisis

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
Published Date: Oct 12th, 2018 08:40 PM | Updated Date: Oct 15, 2018 06:50 AM IST
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