Retrospective tax demand: Govt seeks putting Cairn arbitration on hold
Government has sought putting on hold the arbitration initiated by British oil explorer Cairn Energy against a Rs 29,047 crore retrospective tax demand and instead wants a parallel arbitration initiated by Vedanta Resources to be taken up first.
Oct 19, 2016, 12:31 PM IST
Cairn Energy Plc shares tank over 18% on tax notice in India
Shares of Scottish oil explorer Cairn Energy Plc fell sharply by over 18 percent on the London Stock Exchange after the company yesterday received a tax demand of Rs 10,247 crore (USD 1.6 billion) from Indian authorities.
Mar 11, 2015, 16:02 PM IST
