News digest: PNB scam fallout, LTCG tax, Cambridge Analytica row, and more

The markets have been in a downward spiral since the proposed reintroduction of the long-term capital gains tax

RBI may let PNB spread fraud losses over 1 year

The Reserve Bank of India (RBI) had agreed in principle to a request by Punjab National Bank (PNB) to spread its losses related to the Nirav Modi-Mehul Choksi fraud over four quarters, sources said. Read More

Manipal, Fortis to merge hospital biz; SRL Diagnostics to be part of deal

Manipal Hospitals, backed by private equity firm TPG, and Fortis Healthcare have announced a merger of their hospital businesses, creating the largest provider of healthcare services in India by revenue. Read More

GSK may put