In February 2022, Rakesh Gangwal, co-founder of India’s largest carrier, announced his decision to gradually reduce stake in the company and stepped down from the company’s board. This decision followed a two-year-long bitter battle with co-promoter Rahul Bhatia.
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