Cairn India

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 investor confidence

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.

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

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.

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

Just berating babus is a waste of time

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 challenge the Vodafone award. It was then presumed that the government was waiting for the Cairn verdict, which was due.

cairn energy

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 9.8 per cent.

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

cairn energy case against india

Cairn India shares gain despite 4.34% yoy fall in oil and gas production in Q2FY17

Gross production from Rajasthan was marginally higher by 0.45 per cent quarter-on-quarter to 1,67,699 barrels of oil equivalent per day (boepd).

BSE Sensex, NSE Nifty

Vedanta shareholders, creditors nod to Cairn India merger; shares down

Shareholders and creditors of Vedanta Limited on Friday gave their approval to the proposed merger of the company with its cash-rich arm Cairn India.

bse sensex, nse nifty

GVK Power, Yes Bank, Visa Steel among 10 stocks that remained in focus in Friday’s trade

GVK Power & Infrastructure shares closed 15.91 per cent up at Rs 5.61 after after the company sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities.

SBI, Britannia among 116 stocks that hit fresh 52-week-high on NSE

Mayank Ashar becomes third CEO to quit Cairn India in five years

In an unexpected development, Mayank Ashar, managing director and CEO at Cairn India, which operates the country’s biggest on-land oilfield, has quit the firm citing “personal reasons”. Company sources told FE that he d

cairn india, bse sensex

Crude oil a scarce resource, Cairn India can’t export from Barmer: Centre to HC

The Centre on Thursday told the Delhi High Court that crude oil being a scarce resource, Cairn India, a subsidiary of UK-based Vedanta group, could not be allowed to export it from its Barmer oil and gas block in Rajasthan.


Export of crude detrimental to national interest: Centre to High Court

The Centre today told the Delhi High Court that export of country's domestic crude oil cannot be allowed as it would be detrimental to the national interest considering...

Crude oil

Cairn India can’t export crude till India attains self sufficiency: Delhi High Court

The government today told the Delhi High Court that Cairn India cannot be permitted to export excess crude from its Rajasthan oil field, till India attains "self sufficiency".

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Vedanta unit seeks rollover of $ 1.25 bn loan from Cairn India

Vedanta Group firm THL Zinc Ltd has sought a rollover of a controversial USD 1.25-billion loan taken from the conglomerate's cash-rich oil explorer Cairn India in July 2014.


Cairn India shares plunge 5% intraday on posting biggest quarterly loss of Rs 10,948 cr

Cairn India shares plunged as much as 5.12 per cent in the early trade on Monday after the company on Friday reported its biggest quarterly loss of Rs 10,948 crore in the quarter ended March 31

cairn india, bse sensex

Cairn India posts biggest quarterly loss of Rs 10,948 crore in Q4

Cairn India today reported its biggest quarterly loss of Rs 10,948 crore in the quarter ended March 31 mainly because of impairment loss on goodwill and non-producing oil and gas assets due to drop in oil prices.

cairn india, bse sensex

Tax demand: HC seeks govt response on Cairn India’s plea

The Delhi High Court on Monday sought the government’s response on Cairn India’s plea against the Rs 20,495-crore tax demand...

Cairn India merger with Vedanta only after share release: Hasmukh Adhia

In a setback to mining mogul Anil Agarwal, the government today said he can merge subsidiary Cairn India with his flagship firm Vedanta Ltd only after paying for the shares the Income Tax Department has attached following the


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.

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Cairn faces Rs 10,247-cr fine on top of Rs 29,000 cr tax demand

British oil explorer Cairn Energy Plc faces up to Rs 10,247-crore penalty over and above the Rs 29,000 crore in tax and interest demand slapped on it by the I-T Department using a retrospective legislation.

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Centre can’t stop us from exporting crude: Cairn India to HC

Cairn India today claimed in the Delhi High Court that under Foreign Trade Policy, the Centre cannot stop it from exporting crude from its Rajasthan oil field.

Crude oil prices

Budget 2016: From an oil & gas industry perspective, the Budget is balanced

The Budget announcement of a 20% ad valorem cess is directionally a right step. However, a lower rate of cess—5% to 8% of realised price of crude oil—would have likely helped stimulate the oil & gas sector; particularly f

oil price

Top 11 stocks that remained in focus today: NTPC, Mahindra CIE Automotive and more

Mahindra CIE Automotive shares ended the day 8.32 per cent down at Rs 176.90 after the company on Monday reported 62.24 per cent fall in its net profit figures to Rs 4.97 crore for the quarter ended December 2015.

Stocks in focus

Top 5 stocks that remained in focus today: Fortis Healthcare, Jet Airways and more

Shriram EPC shares closed 17.55 per cent up at Rs 28.80 after it bagged contracts worth over Rs 438.05 crore.

Sensex, Nifty open strong

Taxman extends Cairn India share freeze

Around the same time that Prime Minister Narendra Modi was renewing his promise to end the retrospective tax regime — he did this while in London in November last year and then before a French delegation in the capital in J

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Cairn India wants govt to reduce oil cess before Budget

Faced with its steepest ever drop in quarterly net profit, Cairn India wants the government to not wait till the Budget to cut cess on crude oil so as to give relief to domestic oil producers hit by slump in prices.

oil prices
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

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