Equity markets react to capital gains tax hike but recover losses. Focus on L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer for news developments and earnings. Companies like Bajaj Finance and ICICI Pru Life report positive profit growth. South Indian Bank plans fund raising, while Torrent Pharma and Tata Consumer announce financial results.
PRISM’s IPO filing mentions Zostel case, CCI investigation
In its UDRHP-I filing to Sebi, the company any ‘adverse’ outcome in legal proceedings involving Zostel may materially and adversely affect its business, reputation, prospects,