Cairn Energy
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Cairn Energy case: Europe's leading player in oil and gas wins USD 1.4 billion arbitration award
World | Mar 10, 2021, 10:59 AM ISTIn a major boost to Cairn Energy, courts in five countries, including the US and the UK, have given recognition to an arbitration award that asked India to return $1.4 billion.
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Cairn Energy seeks additional Rs 1,600 crore compensation from India
Aug 22, 2017, 10:28 PM ISTBritish oil major Cairn Energy has added another $249 million (approx Rs 1,600 crore) to the compensation it is claiming from India after the authorities here set off a tax refund due to it to settle part of a retrospective tax demand
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Cairn Energy liable to pay Rs 10,247 cr capital gains tax, rules Tax Tribunal
Mar 10, 2017, 05:52 PM ISTIncome Tax Appellate Tribunal has upheld a levy of Rs 10,247 crore capital gains tax on British oil and gas major Cairn Energy Plc.
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Indian link in arrest of 2 HSBC execs in Rs 23,500 cr forex trading fraud
Jul 21, 2016, 09:44 PM ISTNew York/London: The arrest of two senior executives of HSBC in the alleged $3.5-billion or Rs 23,450 crore forex trading fraud case has found an Indian link. Two executives have been accused of doing
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Retrospective taxation: Cairn claims Rs 37K cr in compensation from India
Jul 12, 2016, 03:39 PM ISTin a statement of claim filed with an international arbitration panel, has sought $5.6 billion (around Rs 37,500 crore) in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore
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IT dept slaps Rs 18,800 cr tax notice on UK’s Cairn Energy
Mar 15, 2016, 04:26 PM ISTClose on the heels of Vodafone being served a notice by the Income Tax department over tax dues that the company considers disputed comes another notice – this time to UK-based power major Cairn Energy.
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Vodafone tax case could have been handled differently: Telecom Minister Prasad
Mar 12, 2015, 06:52 PM ISTAs the government faces yet another arbitration over tax disputes, Telecom Minister Ravi Shankar Prasad today said the Vodafone tax issue could have been handled differently but emphasised that the whole taxing scenario in India
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After Vodafone, now Cairn avoids tax demand invoking India-UK bilateral investment protection treaty
Mar 12, 2015, 01:56 PM ISTNew Delhi: After Vodafone, Oil explorer Cairn Energy has now avoided India's tax jurisdiction, invoking the India-UK bilateral investment protection treaty.According to Financial Express, Cairn Energy has filed a formal dispute under the treaty, necessitating
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Cairn Energy lays off 40% of staff following India tax dispute
Feb 23, 2015, 07:14 PM ISTLondon: Scottish oil and gas explorer, Cairn Energy plc has sacked nearly 40% of its employees as it faces capital constraints on not being able to sell $1 billion worth of stake, following a tax