NSE’s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE’s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as much as 0.6% before the bounce back in the last hour of trading. Mahindra & Mahindra gained over 3%, emerging as the biggest index gainer. Tech Mahindra, Infosys, Bharti Airtel and Titan gained 2-3%.
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