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4 mins read
India will have to pay Cairn $1.2 billion ending one of the biggest tax disputes of the decade— but the tax department may not have given up yet
At the start of the decade, the Indian government had a claim of ₹24,500 crore (over $2 billion at …
4 mins read
Cairn expects arbitration award in retro tax case by this summer
"Interest is currently being charged on the principal at a rate of 12 per cent per annum from Febr…
PTI
3 mins read
Indian government asks a US court to dismiss Cairn Energy's plea on $1.2 billion award, cites 'sovereign immunity'
Cairn had in May asked a US federal court to force Air India to pay a USD 1.26 billion arbitrati…
2 mins read
Cairn asks govt to revisit oil taxation regime; says funding new exploration difficult
Over the last one month, in addition to all business measures, Cairn has marshalled all its Corpora…
PTI
1 min read
Cabinet minister Alun Cairns quits on the day of Boris Johnson's election campaign launch
In a letter to Prime Minister Johnson, he wrote: "You will be aware of allegations relating to the …
Adam Payne,Adam Payne
1 min read
I-T Dept passes order to recover retrospective tax from Cairn Energy
However, the company has added that it will continue with the international arbitra…
1 min read
Cairn India looks forward to invest Rs 30,000 crore to add 1 lakh bpd of oil
Agarwal added that the merger of Cairn India with Vedanta Ltd will be completed by March-end. "We a…
2 mins read
Deadline for tax settlements has been extended till January 31 now
On May 26, the government had notified the scheme saying it would open on June 1 and close on Decem…
1 min read
Vedanta is acquiring a stake in Cairn India
As reported in the news agency Press Trust of India (PTI) , Anil Agarwal-led Vedanta India, which c…
2 mins read
Doing business with India to be made easier, promises Dharmendra Pradhan
The minister, in this moment of glory, promised a "transparent regulatory regime" and greater ease …
2 mins read
Cairn Energy files claim for $5.6 billion compensation from India over tax demand
The total compensation sought is equal to the tax demand raised and the value of Cairn Energy's 9.8…
3 mins read
Tax demand against Vodafone and Cairn Energy remains valid
CBDT Chairman Atulesh Jindal told PTI "as long as" the retrospective amendment of the IT Act pass…
1 min read
Cairn Energy slapped with Rs 29, 000 crore retrospective tax
I-T Department alleges that Cairn Energy made a capital gain of Rs 24,503.50 crore in 2006 when it …
2 mins read
Government open to out-of-court settlement with Vodafone and Cairn on tax cases
The government today said that it is open to out-of-court settlement with Vodafone and Cairn on tax…
1 min read
Cairn India's stocks are gaining much traction. Know why
Cairn India surged as much as 9.5 percent and is the top gainer on the Futures and Options space af…
1 min read
Stock prices of Cairn India and ONGC shot up. Know why
Oil explorers Cairn India and ONGC shot up for the second day in trade on Friday after global crude…
1 min read
Third day of Cairn India Ltd shares rising. Know why
Cairn India Ltd., an oil/gas explorer, rose for the 3rd day from multi-year lows on news that the c…
3 mins read
Why tax terrorism is counterproductive
Vodafone was slapped with Rs 3,200-crore tax demand for issuing new shares to its parent company at…
3 mins read
Know how the Income Tax authorities are creating an obstacle in its bid to sell its Tamil Nadu plant
Nokia's efforts to sell its Chennai plant face another
setback as tax authorities have insisted the…
2 mins read
Corporate espionage won’t impact RIL, ADAG, Essar, Cairn India & Jubliant Energy investors
Millions of investors of the five energy companies, which have been dragged into the corporate espi…