Facebook's new face; Auto sales not ace; New move in IL&FS case

It has been a shaky start for the auto sector in India, with four of the five largest automakers of the country registering double-digit dips in sales for the month of April. Many of them blame the election season, high insurance costs, tight liquidity and other costs for the consistently poor retail demand. Honda India has bucked the trend but that is primarily due to a "lower base effect."