Gala Precision Engineering IPO has a fresh issue of up to 25.58 lakh shares and the OFS of up to 6.16 lakh equity shares. Up to 50% will be allocated to qualified institutional buyers (QIBs), 15% to non-institutional bidders and 35% to retail individual bidders.
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