News digest: Stock markets, IPOs, Tata Motors, Dr Reddy's, and more

Taxing times for IPOs: LTCG tax prompts issuers to expedite market launch
The reintroduction of the long-term capital gains (LTCG) tax has placed companies coming up with initial public offerings (IPOs) in a quandary. According to sources, about half-a-dozen companies are planning to launch their IPOs before the end of this fiscal year to avoid the tax. However, the downturn in the stock market provides little comfort to bankers and issuers over listing. Read more
Market slide continues as FIIs press sell button on rising US bond yields
Indian and global equities extended the sell-off on Monday, as investors’ risk appetite continued to wane after US bond yields hit a four-year high, raising speculation that the Federal Reserve will raise policy rates more aggressively. Read more