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ONGC, Cairn India demand halving of cess on crude oil

Jul 26, 2016

ONGC, Cairn India demand halving of cess on crude oil

Aat the current oil prices, ONGC and other oil firms like Cairn are paying more than Rs 4,500 per tonne cess #crude oil prices #ONGC #Cairn India #Budget #Finance Minister Arun Jaitley #upstream players
Vedanta makes aggressive pitch for Cairn merger, now offers 3 additional pref shares

Jul 22, 2016

Vedanta makes aggressive pitch for Cairn merger, now offers 3 additional pref shares

In 2015 June, Agarwal offered Cairn India shareholders 1 ordinary share and 7.5% redeemable preference share of Vedanta Ltd with a face value of Rs 10 #Vedanta #Cairn India #Anil Agarwal #Merger deal #redeemable preference shares
Cairn Energy's India deal emerges in $3.5-bn forex trading fraud at HSBC

Jul 22, 2016

Cairn Energy's India deal emerges in $3.5-bn forex trading fraud at HSBC

Two senior executives of HSBC were accused of doing front-running by cheating the client Cairn Energy that was selling part-stake in an Indian subsidiary #Vedanta Resources #Cairn Energy #HSBC #Cairn India #forex trading fraud
Cairn Energy claims $5.6 bn compensation from Indian govt

Jul 12, 2016

Cairn Energy claims $5.6 bn compensation from Indian govt

It sought $1.05 billion in compensation for the loss of value its 9.8 percent shareholding in its erstwhile subsidiary Cairn India suffered following Income Tax Department raising the tax demand in January 2014 and attaching the shares #Cairn Energy #Income tax #Cairn India #I-T Department #compensation #retro tax
Cairn faces Rs 10,247-cr fine in addition to Rs 29k cr tax demand

Apr 07, 2016

Cairn faces Rs 10,247-cr fine in addition to Rs 29k cr tax demand

British oil explorer Cairn Energy Plc faces up to Rs 10,247-crore penalty over and above the Rs 29,000 crore in tax and interest demand slapped on it by the I-T Department using a retrospective legislation. #Interest #Income tax #Cairn India #Penalty #Finance Minister Arun Jaitley
I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy

Mar 15, 2016

I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy

The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest. #Narendra Modi #Vodafone #Income Tax Department #Cairn Energy #Cairn India #Hutchison #Tax demand
Sebi impounds Rs 15 cr from Sharekhan, others for front-running

Jul 31, 2015

Sebi impounds Rs 15 cr from Sharekhan, others for front-running

The order comes a day after French giant BNP Paribas announced acquisition of home-grown brokerage firm Sharekhan in an estimated Rs 2,000 crore deal. #Jet Airways #NewsTracker #SEBI #ICICI Bank #DLF #BNP Paribas #Suzlon Energy #Cairn India #Sharekhan #Idea Celluar
Cairn India merger not for refinancing debts: Vedanta CEO

Jul 24, 2015

Cairn India merger not for refinancing debts: Vedanta CEO

Cairn India is nearly 60 percent owned by Vedanta while LIC and UK's Cairn Energy, the erstwhile promoter of the company, together hold about 19 per cent interest. #Business #Vedanta Resources #CompanyWatch #Cairn India #Anil Agarwal