Cairn Energy
Cairn offers to pay 15% of principal amount pending tax case
Hit hard by the retrospective tax, Cairn Energy plc of UK has offered to pay 15 per cent of the Rs 10,247 crore principal amount in return for government lifting freeze on the 9.8 per cent shares it holds in its erstwhile sub
In need of cash, govt chases $117 bn in elusive back taxes
Finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious defic
Cairn India has indemnity from Cairn Energy on Rs 20,000 tax
Cairn India has full indemnity from its former promoter Cairn Energy of UK against levy of any tax for past deeds, including the two-year old Rs 20,495 crore retrospective tax demand, its new owner Anil Agarwal has said.
Vodafone retro tax case: Here’s some bad news for a govt trying to reassure investors
Though the government’s decision to not repeal the retrospective tax when it came to power two years ago was always unfortunate, prime minister Narendra Modi and finance minister Arun Jaitley came up with a solution which,
Rs 29,000 cr case: Cairn Energy asks Narendra Modi govt to walk the talk on retro tax
Weeks after being slapped with a Rs 29,000 crore 'retrospective tax demand', British oil explorer Cairn Energy today said international investors want the Narendra Modi government to walk the talk on resolving retrospective t
Vodafone, Cairn Energy retro tax case handling is sheer coercion Mr Jaitley
Vodafone, Cairn Energy retro tax case: Not being able to scrap the 2012 retrospective tax amendment is one of the major failures of the NDA government. The option to pay tax minus the interest and penalty is no solution — i
Income Tax Dept slaps Rs 29,000 cr tax demand notice on Cairn Energy
The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest.
Will seek $600 mn from India in damages: Cairn Energy
British oil firm Cairn Energy said it will seek from India over $600 million in damages for loss it suffered in value of its holding from a Rs 10,247-crore tax demand raised on its eight-year-old internal business recognition
British MP nudges Arun Jaitley on Cairn Energy tax dispute
Ian Murray, Member of Parliament for Edinburgh South and Shadow Secretary of State for Scotland, wrote to Arun Jaitley saying Cairn has lost jobs and suffered material financial loss as a direct result of action by the Govern
Cairn wants India to appoint arbitrator by Nov 11
Cairn Energy of UK is willing to suspend its appeal to International Court of Justice seeking appointment of an arbitrator on behalf of Government of India to resolve the Rs 10,247 crore tax dispute, provided an arbitral pane
ONGC-Cairn jointly utilise gas facilities
While PSU alleges gas theft by Reliance Industries in KG basin
Govt to join Cairn tax arbitration; to appoint arbitrator soon
Cairn Energy, which had in 2011 sold majority stake in its Indian unit to mining group Vedanta for USD 8.67 billion, still holds 9.8 per cent stake in Cairn India. But it has been barred by the I-T Department from selling thi
Cairn set to go to the International Court of Justice against India
Cairn Energy is set to approach the International Court of Justice (ICJ) on September 11, asking it to appoint an arbitrator on behalf of the Indian government in its $1.6-billion...
Cairn Energy set to go to ICJ against India
Cairn Energy is set to approach the International Court of Justice (ICJ) on September 11, asking it to appoint an arbitrator on behalf of the Indian government in its $1.6 bn...
Aviva Investors opposes Vedanta takeover bid for Cairn India
Aviva's UK equity team has a 4.3 per cent stake in Cairn Energy, the original owner of Cairn India and still its largest minority shareholder.
Cairn India shares gain 13 per cent as Cairn Energy may vote against Vedanta merger
Shares of Cairn India surged as much as 13 per cent high as Britain's Cairn Energy Plc is set to vote against Vedanta Ltd's $2.3 billion buyout offer for Cairn India's minority shareholders today.
Cairn Energy set to vote against Vedanta-Cairn India merger: Reports
Britain's Cairn Energy Plc is set to vote against Vedanta Ltd's $2.3 billion buyout offer for Cairn India's minority shareholders, the Financial Times said on Wednesday, citing people familiar with the situation.
Govt rejects Cairn’s arbitration on tax dispute
The government has rejected Cairn Energy UK's plea for an arbitration over Rs 10,247-crore tax dispute saying taxation is not covered under the UK-India Investment Promotion and Protection Treaty.
Vedanta Resources merger with Cairn India to strengthen its financial performance: S&P
The proposed merger of two Vedanta Resources firms, Cairn India with Vedanta Ltd, will improve the financial performance of the group company.
Cairn Energy, LIC hold key to Cairn-Vedanta merger
Edinburgh-based Cairn Energy plc and state-owned insurer LIC hold the key to billionaire Anil Agarwal's move to absorb his cash-rich oil firm Cairn India Ltd into debt-laden resources arm Vedanta Ltd.
Cash-rich Cairn to merge with debt-laden Vedanta
Analysts suggest cash from oil producer could help deleverage miner
Vedanta challenges Rs 20,497 cr tax demand, slaps notice on govt
After Cairn Energy of UK, London- listed Vedanta Group has slapped a Notice of Claims against the Indian government...
Editorial: Waiting to disengage
DoCoMo can’t get out of TataTele at even half value.
Cairn Energy seeks compensation from India over tax demand of Rs 10,247 cr
Cairn Energy of UK is seeking compensation from the Government of India for the loss in value it suffered due to an 'unfair and arbitrary' Rs 10,247 crore tax demand...
Cairn tax case won’t derail investor confidence in India: UK
A minister in the UK Treasury has said that the dispute surrounding the USD 1.6 billion tax bill imposed on Scottish...
Now, Cairn India slapped with Rs 20,495 crore tax demand
Earlier this week, Income Tax Department had slapped a Rs 10,247 crore tax demand on Cairn Energy Plc.
Cairn Energy tax case: Philip Hammond seeks India govt assurance over $1.6 bn row
British Foreign Secretary Philip Hammond raised concerns in India on Thursday over a $1.6 billion retrospective tax bill charged to British oil explorer Cairn Energy...
