Six stocks, including Delta Corp and L&T Finance, are under trading bans on May 22, owing to open interest levels crossing 95% of the market-wide limit. However, Future and Options contracts will still remain on the market. The ban will be reversed when open interest falls below 80%. Traders in indices won’t face a security ban. Nifty50 closed higher and Sensex was up by almost 300 points, amidst which analysts predict the upcoming period to continue upward momentum.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while