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Cairn Gets Rs 7,900 Crores From India In Retro Tax Dispute Settlement
The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the levy of retrospective taxes.
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Cairn Drops Lawsuits In US, UK Against Government On Retrospective Tax Issue
Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places
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Government To Refund Rs 7,900 Crore Retro Tax To Cairn, Firm To Withdraw Cases
About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.
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Cairn Energy To Change Name To "Capricorn Energy"
Cairn Energy PLC will change its name to Capricorn Energy PLC, with effect from December 13, 2021, according to a regulatory filing to the London Stock Exchange
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Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
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Centre Releases Draft Rules For Withdrawal of Retrospective Tax Demands
The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
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India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy
India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc on grounds that it had never agreed to arbitrate over a "national tax dispute", the finance ministry said.
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Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
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Opinion: The Retro Tax Was Bad, India. Don't Make It Worse
Back when global investors still believed Prime Minister Narendra Modi would keep his promise to end the previous regime's "tax terror," his newly elected government made a costly error. In March 2015, someone in India's labyrinthine bureaucracy decided to send a revenue demand to U.K.'s Cairn Energy Plc - ruining Chief Executive Officer Simon Thom...
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Government To Study Arbitration Case Award To Cairn Energy Plc
The government's statement followed that from Cairn Energy Plc which said that it had won the arbitration against the Indian government over a tax dispute arising from demand of $1.2 billion from tax department on listing of Indian operations back in 2007
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Cairn Energy Wins Arbitration Against Government In Tax Dispute: Report
British explorer Cairn Energy Plc has won an arbitration against the Indian government, seeking Rs 10,247 crore in retrospective taxes
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Government Gets Six More Weeks To Respond To Cairn Energy Arbitration
India has won a six week extension for replying to $5.6 billion claim sought by British oil explorer Cairn Energy plc for being slapped with a Rs 29,047 crore retrospective tax demand.
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Expect Cairn-Vedanta Merger By End Of Fiscal Year: Anil Agarwal
Last month, Cairn India shareholders approved merger of the company after LIC and Cairn Energy PLC of the UK voted in favour of the sweetened merger ratio.
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Cairn India Shareholders Approve Vedanta Merger
Cairn India shareholders on Monday approved merger of the company with its parent Vedanta Ltd after Life Insurance Corporation (LIC) and Cairn Energy plc of UK voted in favour of the sweetened merger ratio.
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Cairn Gets Rs 7,900 Crores From India In Retro Tax Dispute Settlement
The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the levy of retrospective taxes.
-
Cairn Drops Lawsuits In US, UK Against Government On Retrospective Tax Issue
Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places
-
Government To Refund Rs 7,900 Crore Retro Tax To Cairn, Firm To Withdraw Cases
About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.
-
Cairn Energy To Change Name To "Capricorn Energy"
Cairn Energy PLC will change its name to Capricorn Energy PLC, with effect from December 13, 2021, according to a regulatory filing to the London Stock Exchange
-
Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
-
Centre Releases Draft Rules For Withdrawal of Retrospective Tax Demands
The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it
-
Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
-
India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy
India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc on grounds that it had never agreed to arbitrate over a "national tax dispute", the finance ministry said.
-
Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
-
Opinion: The Retro Tax Was Bad, India. Don't Make It Worse
Back when global investors still believed Prime Minister Narendra Modi would keep his promise to end the previous regime's "tax terror," his newly elected government made a costly error. In March 2015, someone in India's labyrinthine bureaucracy decided to send a revenue demand to U.K.'s Cairn Energy Plc - ruining Chief Executive Officer Simon Thom...
-
Government To Study Arbitration Case Award To Cairn Energy Plc
The government's statement followed that from Cairn Energy Plc which said that it had won the arbitration against the Indian government over a tax dispute arising from demand of $1.2 billion from tax department on listing of Indian operations back in 2007
-
Cairn Energy Wins Arbitration Against Government In Tax Dispute: Report
British explorer Cairn Energy Plc has won an arbitration against the Indian government, seeking Rs 10,247 crore in retrospective taxes
-
Government Gets Six More Weeks To Respond To Cairn Energy Arbitration
India has won a six week extension for replying to $5.6 billion claim sought by British oil explorer Cairn Energy plc for being slapped with a Rs 29,047 crore retrospective tax demand.
-
Expect Cairn-Vedanta Merger By End Of Fiscal Year: Anil Agarwal
Last month, Cairn India shareholders approved merger of the company after LIC and Cairn Energy PLC of the UK voted in favour of the sweetened merger ratio.
-
Cairn India Shareholders Approve Vedanta Merger
Cairn India shareholders on Monday approved merger of the company with its parent Vedanta Ltd after Life Insurance Corporation (LIC) and Cairn Energy plc of UK voted in favour of the sweetened merger ratio.
