Deepak Shenoy says Reliance is a sum of the parts valuation due to its various businesses, including telecom, oil and gas/chemical, and retail. He anticipates a demerger between the oil to consumer (O2C) segment, Jio, and Reliance Retail in the next four to five years, leading to higher market value. While the next 12 to 18 months may not be exciting for the business, Shenoy is holding on for the demerger.
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
December 12, 2025