Nitish Mittersain of Nazara Tech clarifies the online gaming rules impact. He states PokerBaazi stake doesn’t affect consolidated revenue. A past PAT loss of ₹20-25 crore from Moonshine is noted. Future investments are under evaluation pending bill details. Existing investments in PokerBaazi might face write-offs. Nazara is well-capitalized with ₹800 crore cash.
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