Cairn Energy seeks compensation from India on tax demand
I-Tax Department says Cairn Energy allegedly made a capital gain of Rs 24,503.50 crore in 2006 while transferring all its India assets to a new company, Cairn India.
Mar 24, 2015, 13:52 PM IST
Cairn's tax liability credit negative for Vedanta: Moody's
I-T Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by Cairn Energy eight years ago.
Mar 17, 2015, 14:37 PM IST
Cairn tax demand has not reduced investors' enthusiasm:Jaitley
Finance Minister Arun Jaitley today rejected suggestions that the huge retrospective tax demand on Cairn India has overshadowed enthusiasm in the Indian economy and said it is a "legacy" issue that has to be sorted through legal process.
Mar 14, 2015, 20:28 PM IST
Cairn tax case won't derail investor confidence in India: UK
A minister in the UK Treasury has said that the dispute surrounding the USD 1.6 billion tax bill imposed on Scottish oil major Cairn Energy by Indian authorities will not affect UK investor confidence in India.
Mar 13, 2015, 23:26 PM IST
Cairn India gets Rs 20,495 cr tax notice from I-T Department
Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction about eight years ago.
Mar 13, 2015, 17:22 PM IST
Cairn reduces yearly losses, plans more Senegal wells
Cairn has been unable to sell the 10 percent share it holds in Cairn India, worth around $703 million at the end of the year.
Mar 10, 2015, 13:09 PM IST
Cairn Energy lays off 40% staff following India tax dispute
Cairn has laid off 100 employees across the board as a cost cutting measure, company sources said.
Feb 23, 2015, 15:26 PM IST
CBDT asks officials not to pursue Vodafone-type tax cases
The Tax Department on Thursday asked its field officers not to pursue transfer pricing cases similar to Vodafone's, a move being seen as a major relief to multinationals fighting such cases involving tax demands of thousands of crores of rupee.
Jan 29, 2015, 19:53 PM IST
Cairn makes second oil discovery offshore Senegal
The oil explorer is the operator and owns a 40 percent stake in three blocks off the coast of Senegal.
Nov 10, 2014, 13:11 PM IST
Cairn appoints Mayank Ashar as CEO
The company in a statement said its Board has approved the appointment of Ashar with effect from November 17.
Oct 21, 2014, 16:40 PM IST
Cairn discovers oil offshore Senegal
The companies encountered 29 metres of net oil bearing reservoir at the FAN-1 well, located around 100 km off the coastline and 1,427 metres deep.
Oct 07, 2014, 12:48 PM IST
Cairn Energy says narrows losses, seeks India tax deal
In late 2011, Cairn agreed to sell a controlling stake in CIL to India-focused Vedanta Resources for $6.5 billion.
Aug 19, 2014, 12:22 PM IST
