Cairn Energy

Cairn Energy News

Cairn Oil aims to shift AGI load to solar energy by 2025

According to the report, the company reduced greenhouse emission by 51,520 tonne in FY 2021-22, and gas flaring intensity by…

January 26, 2023 00:45 IST

Vedanta Cairn Oil and Gas appoints Nick Walker as new CEO

“Before this appointment, Walker was president and chief executive officer at Lundin Energy, one of the leading European independent E&P…

Updated: January 19, 2023 14:04 IST

Cairn retro tax saga: A bizarre tale of twists and turns

The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British…

March 6, 2022 14:56 IST

If the company manages to attach the Central Paris properties, it will be the first asset freeze application to succeed among many filed by Cairn in different countries to enforce the arbitration award.

French court backing: Cairn Energy gets order to attach India assets

Even before the arbitral award was pronounced, India had seized and sold shares of Cairn in its erstwhile India unit,…

July 9, 2021 05:15 IST

Cairn case: PSBs not asked to withdraw funds from foreign currency accounts, says govt

Cairn Energy seizes Indian govt properties in France as $1.7 billion tax dispute escalates

The oil producer and the Indian government have been at loggerheads for months after an arbitration tribunal ruled in favour…

Updated: July 8, 2021 11:55 IST

Since then, Cairn has been pressing India to pay while the government has looked for possible solutions within the existing framework.

After Air India, Cairn to target more state cos to recover money due from govt

Cairn has identified USD 70 billion of Indian assets overseas for potential seizure to collect award, which now totals to…

June 27, 2021 12:15 IST

Cairn case: PSBs not asked to withdraw funds from foreign currency accounts, says govt

The government also stated that the CEO and other representatives of Cairn have approached the government for discussions to resolve…

May 24, 2021 05:00 IST

Moreover, the IT department was found to be aware of the transactions at least by 2010, given it assessed the stake sale of Cairn UK Holdings in Cairn India to Petronas.

Can’t risk a mark of Cairn: Foreign investors look for fair & equitable business environment, not regulatory uncertainty

As Cairn moves to attach AI assets, Centre must stop digging in its heels on retro tax, or risk losing…

May 19, 2021 06:15 IST

In its December 2020 ruling, the Permanent Court of Arbitration at The Hague invalidated India’s $2.74-billion 2015 tax claim on Cairn Energy.

India’s offer to Cairn in $1.4-bn arbitration battle: ‘Pay half the dues and move on’

Govt feels it is going to be tough for the company to enforce the arbitral award

February 20, 2021 05:15 IST

Just berating babus is a waste of time

Bureaucrats may stymie what the ministers want, but the only way to fix that is to have sweeping reforms

Updated: February 22, 2021 01:34 IST

Retro tax: Amid stand-off, Cairn Energy holds ‘constructive’ meeting with Union finance secretary

On November 18, the GoI told the Delhi High Court it is yet to take a call on whether to…

February 19, 2021 06:15 IST

Cairn CEO meets finance secretary over arbitration ruling, says meeting constructive

Cairn Energy had in 2011, sold Cairn India to mining billionaire Anil Agarwal’s Vedanta Group, barring a minor stake of…

February 18, 2021 17:04 IST

Risking seizure of assets is a bad idea

Govt chance of winning Vodafone/Cairn appeals poor & Cairn has already made the first move to attach India’s assets

February 16, 2021 22:37 IST

Cairn Energy, Cairn Energy india, Cairn Energy retro tax, Cairn Energy tax, retrospective tax, retro tax, British oil explorer, Narendra Modi, Narendra Modi retro tax, Narendra Modi government, modi news, foreign investment in india

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…

May 11, 2016 20:45 IST

Liquid funds or savings accounts? Where to park your money for better returns

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…

April 18, 2016 09:43 IST

Cairn India, Cairn India contract, barmer, barmer oil, Cairn India barmer oil, barmer oil contract extension, crude price, high crude price

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…

April 10, 2016 13:01 IST

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…

April 7, 2016 15:54 IST

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…

April 3, 2016 17:13 IST

Vodafone, Vodafone india, Vodafone tax case, Vodafone retro tax case, Cairn Energy, Cairn Energy retro tax case, retrospective tax amendment, Arun Jaitley

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…

March 28, 2016 09:28 IST

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,…

March 15, 2016 16:41 IST

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…

Updated: January 19, 2016 16:47 IST

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…

January 9, 2016 15:06 IST

Loading…

Something went wrong. Please refresh the page and/or try again.

Cairn Energy Photos

Arun Jaitley did not ‘address’ Vodafone, Cairn Energy retrospective tax issues, say UK investors

FM Arun Jaitley’s Budget 2016 has received a positive response from the UK-based Indian business community but it regretted the…

March 15, 2016 07:40 IST

View Photos