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3 mins read
Nick Walker is new CEO of Vedanta Cairn Oil and Gas
Vedanta's Cairn Oil & Gas on Thursday announced the appointment of Nick Walker as the new chief exe…
PTI
2 mins read
Cairn Energy in wait and watch mode even after the bill to kill retro tax is tabled in the Parliament
Cairn Energy is not making any notable statements and has instead chosen to wait and watch how the …
2 mins read
Cairn has reportedly seized Indian government assets in France worth over $23 million
Cairn Energy has made its first successful attempt at freezing Indian state-owned assets in its ong…
4 mins read
New York court pauses tax suit to allow Cairn to settle dispute with India
The New York district court delayed the tax suit to November 18, according to court documents re…
PTI
2 mins read
Cairn Energy CEO meets Indian finance secretary as shareholders impatiently wait for action on the $1.4 billion tax dispute
Days after filing cases in the US, the UK and the Netherlands courts to get $1.4 billion in a tax d…
5 mins read
Cairn accepts India's $1 billion refund offer, says will drop all cases against the government
The offer to return money seized to enforce retrospective tax demand in lieu of dropping all l…
PTI
5 mins read
UK's Cairn Energy identifies $70 billion Indian assets for seizing to recover amount due from government
These assets are across several jurisdictions, they said without giving further details. …
PTI
3 mins read
Cairn Energy and Air India seek stay on New York court proceedings
The move follows the government enacting a law to scrap retrospective taxation in the country, …
PTI
4 mins read
Indian government brings in a bill to bury the infamous retrospective tax that haunted Cairn and Vodafone for nearly a decade
In a bid to bury the ghost of retrospective taxation, the government on Thursday brought a bill in …
PTI
3 mins read
Cairn says it has identified Indian assets for seizing should it be not paid
The firm has moved courts in nine countries to get the arbitral award registered and recognised.…
PTI
3 mins read
ONGC, Oil India in talks for 50% stake in $3.4 bn Kenya oilfield
ONGC Videsh has partnered with Oil India to acquire a 50% share in Tullow Oil's oilfield project in…
PTI
4 mins read
Indian government appeals against tribunal ruling of $1.4 billion Cairn arbitration award
The appeal was filed on Monday, a source with knowledge of the matter said. The appeal agai…
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
OPINION: Retrospective tax — Putting an end to a long-standing controversy
The retrospective amendments attracted a lot of attention, both when they were first introduced in …
2 mins read
A brief history of India’s retrospective tax law that would finally be upturned for good
On Thursday, August 5, the Indian government proposed to withdraw all tax demands under the retrosp…
3 mins read
Taxation and industry experts cheer the potential withdrawal of retrospective tax
The government of India has decided to withdraw the controversial retrospective tax, which was firs…
2 mins read
Cairn discusses proposals with Government of India on arbitration award
Cairn has enjoyed a long and successful history operating in India, investing billions of doll…
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…
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…