Cairn asks 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 Modi government to walk the talk on resolving retrospective tax issues and send a clear signal that things are changing
Apr 03, 2016, 17:50 PM IST
Recovery process of Rs 29,000-cr tax to continue till Cairn takes settlement: Govt
Close on heels of Income Tax Department slapping a Rs 29,000-crore tax demand notice on Cairn Energy, the government on Wednesday said normal recovery process will continue till the British firm takes one-time settlement offered in the Budget
Mar 16, 2016, 18:23 PM IST
I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy
It is the second firm to have received retrospective tax notice this year after Vodafone Group.
Mar 15, 2016, 15:09 PM IST
FinMin to hire legal firms to represent India in arbitrations
The Finance Ministry is considering engaging law firms to represent India in disputes, including arbitrations, under its investment and trade agreements.
Jan 21, 2016, 21:01 PM IST
Cairn seeks removal of retrospective tax law
Cairn Energy plc has asked Finance Minister Arun Jaitley to do away with the legislation in the Budget next month to restore faith of international investors in India.
Jan 14, 2016, 15:26 PM IST
Retrospective tax law hurt India, scared away investors: FM Jaitley
Retrospective tax law has hurt the country as it scared away the investors, Finance Minister Arun Jaitley Saturday said and stressed on the need for maintaining the standards of fairness in taxation.
Jan 02, 2016, 20:05 PM IST
Retrospective tax issues: Govt open to out-of-court settlement
Keen to put an end to the overhang of legacy issues, the government is open to any proposal for an out-of-court settlement of retrospective tax issues like the ones facing Vodafone and Cairn Energy.
Dec 27, 2015, 11:44 AM IST
Cairn writes to PM Narendra Modi on retrospective tax case
Cairn Energy chief executive Simon Thomson wrote to Modi recalling his statement in London that the government "will not resort to retrospective taxation and has demonstrated this position in a number of ways".
Dec 20, 2015, 13:11 PM IST
Cairn to seek $700 million compensation from government
British energy firm Cairn Energy has said it will seek about USD 700 million in compensation from the government for the loss of value of its shareholding in Cairn India suffered since their attachment nearly two years ago over a tax dispute.
Dec 10, 2015, 22:21 PM IST
Cairn tax case: Govt appoints Christopher Thomas as arbitrator
Just before Prime Minister Narendra Modi began his UK visit, the government named a Singapore-based lawyer J Christopher Thomas as its arbitrator for resolving the Rs 10,247 crore tax dispute with London-listed Cairn Energy.
Nov 12, 2015, 18:17 PM IST
Govt to join Cairn tax arbitration, to appoint arbitrator soon
The government has decided to join the arbitration initiated by British oil explorer Cairn Energy plc over a Rs 10,247 crore tax demand and will soon appoint its arbitrator.
Sep 30, 2015, 15:43 PM IST
Cairn to seek damages from Govt for tax notice
The firm said it has initiated arbitration for resolution of the tax demand linked to 2006 reorganisation of Cairn India, its one-time Indian subsidiary with oilfields in Rajasthan.
Aug 18, 2015, 12:42 PM IST
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.
Jun 15, 2015, 17:14 PM IST
Cairn India, Vedanta shares rise after $2.3 billion deal
Shares of Vedanta Ltd and Cairn India Ltd rose on Monday after Vedanta offered to buy out minorities in cash-rich oil unit Cairn India in a USD 2.3 billion deal.
Jun 15, 2015, 10:19 AM IST
Cairn India to merge into Vedanta in $2.3 bn all-share deal
In its biggest consolidation, billionaire Anil Agarwal's group Sunday announced merger of its cash-rich oil company Cairn India with parent Vedanta to cut debt at the struggling resources arm.
Jun 14, 2015, 14:38 PM IST
Cairn India recoups loss, shares end 7% up
Shares of Cairn India bounced back 7 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.
Jun 10, 2015, 18:31 PM IST
Cairn India to merge with Vedanta Ltd; to pare debt
The merger will help cut Vedanta's Rs 37,636 crore gross debt by using Rs 16,870 crore cash lying with Cairn as well as over Rs 14,000 crore of cash the firm generates every year.
Jun 09, 2015, 18:21 PM IST
Cairn names ex-Bulgarian minister arbitrator for tax dispute
Cairn Energy of UK has named former Bulgarian minister and lawyer Stanimir A. Alexandrov as its arbitrator for resolution of the Rs 10,247-crore tax demand the Indian government had slapped on it using retrospective taxation.
May 25, 2015, 21:23 PM IST
Cairn India takes authorities to court over $3.3 billion tax demand
Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a USD 3.3 billion tax demand from Indian authorities related to its listing in 2007.
Apr 07, 2015, 10:29 AM IST
Vedanta slaps Notice of Claims on Government
Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India.
Mar 27, 2015, 21:22 PM IST
