The National Stock Exchange (NSE) announced strong financial results. The consolidated profit after tax reached ₹2,924 crore in the June quarter. This represents a 10% increase compared to the January-March quarter. Revenue from operations also saw a rise, climbing 7% to ₹4,032 crore. The growth was fueled by increased trading volumes in both the cash market and derivatives segments.
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