Cairn

Retro Tax Case: India pays Cairn Rs 7,900 crore to settle dispute

The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes.

Feb 24, 2022, 19:12 PM IST

Retro Tax Case: Cairn agrees to withdraw cases against India to get Rs 7,900 crore refund

Cairn Energy PLC has agreed to drop litigations to seize Indian properties in countries ranging from France to the UK.

Nov 03, 2021, 18:41 PM IST

US court sets timelines for $1.2 billion Cairn-India legal case

The British firm had in May asked the US federal court to force Air India to pay the USD 1.26 billion arbitration award the firm had won in December.

Aug 27, 2021, 18:07 PM IST

Centre aims to settle Cairn Energy retrospective tax case with $1 billion refund: Report

India could also drop $13.5 billion in outstanding claims against multinationals such as telecoms group Vodafone, pharmaceuticals company Sanofi and brewer SABMiller, now owned by AB InBev, as part of efforts to repair its damaged reputation as an investment destination.

Aug 07, 2021, 21:48 PM IST

Centre introduces bill to bury retro tax demands, Cairn, Vodafone could get refunds

Finance Minister Nirmala Sitharaman introduced The Taxation Laws (Amendment) Bill, 2021 in the Lok Sabha which seeks to withdraw tax demands made on indirect transfer of Indian assets prior to May 28, 2012.

Aug 05, 2021, 18:20 PM IST

Cairn to seize Indian properties in Paris? Govt says no orders received

Commenting on news reports that Cairn Energy has seized/ frozen state-owned property of the government of India in Paris, the Union Finance Ministry said the government of India has not received any notice, order or communication in this connection from any French court.

Jul 08, 2021, 16:34 PM IST

Cairn looks to seize Air India assets to recover $1.7 bn award due from Indian govt

Cairn on May 14 filed a lawsuit in the US District Court for the Southern District of New York seeking declaration of Air India as the 'alter ego of Indian government' by virtue of control and as a state-owned company it "legally indistinct from the state itself", three sources with direct knowledge of the development said.

Jun 15, 2021, 08:57 AM IST

Cairn Energy sues Air India to enforce $1.2 billion arbitration award

MUMBAI/NEW YORK (Reuters) -Cairn Energy has sued India`s flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.

May 15, 2021, 14:42 PM IST

Income Tax Dept sells more shares of Cairn Energy to recover retro tax

Cairn in its half-yearly report announcement Tuesday reported a loss of USD 500.5 million as a result of the de-recognition and loss of financial assets in India.

Sep 11, 2018, 15:58 PM IST

Setback to India: International panel rejects stay on Cairn arbitration

The panel, comprising three judges of international repute, has also turned down India’s application for bifurcation of the issue of whether tax is covered under India-UK bilateral investment protection treaty.

Apr 26, 2017, 14:06 PM IST

United Spirits, Cairn to move out from Sensex Next 50 index

Sensex Next 50 index measures the performance of the subsequent 50 largest index-eligible stocks outside the BSE Sensex 50.

Apr 20, 2017, 18:09 PM IST

I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax

Senior tax department officials said Cairn Energy has sought 10 more days to reply to the show cause seeking levy of penalty.

Apr 20, 2017, 15:43 PM IST

Vedanta completes Cairn merger

The merger of cash-rich oil producer Cairn India into its debt-ridden parent Vedanta Ltd is now complete, the two firms announced on Tuesday.

Apr 11, 2017, 20:45 PM IST

Tax dept slaps fresh demand note of Rs 10,247 crore on Cairn

Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department has slapped a fresh demand note of Rs 10,247 crore on British explorer Cairn Energy Plc.

Apr 09, 2017, 14:11 PM IST

Cairn-Vedanta merger: All approval in place barring RBI

Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.

Mar 28, 2017, 14:00 PM IST

Cairn writes to Modi seeking resolution to Rs 29,047 crore retrospective tax demand ahead of UK PM's visit

Nov 06, 2016, 16:56 PM IST

Delhi HC dismisses Cairn India's plea for export of excess crude

Delhi High Court on Tuesday dismissed a plea filed by UK-based Vedanta group company, Cairn India Ltd, seeking permission to export excess crude from its Barmer oil field in Rajasthan.

Oct 18, 2016, 11:29 AM IST

Expect Cairn-Vedanta merger by this fiscal-end: Anil Agarwal

Mining mogul Anil Agarwal on Thursday said the merger of his group's cash-rich oil subsidiary Cairn India with parent firm Vedanta is likely to be completed by the end of this fiscal.

Oct 06, 2016, 18:53 PM IST

Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal

Mining mogul Anil Agarwal on Monday said the merger of his group's cash-rich oil firm Cairn India with its parent, Vedanta Ltd is likely to be completed by year end to create India's largest diversified natural resources company.

Jul 25, 2016, 16:26 PM IST