“We see recent softness driven by higher oil prices as an opportunity to raise exposure,” said Nomura’s analysts including Chetan Seth, Anshuman Agarwal, and Ankit Yadav in the firm’s Asia strategy note to clients. “While this weakness may persist in the near term, thus presenting even better timing, we think the window of opportunity might not be open for too long.”
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