Cairn Energy

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Cairn Energy - Total results - 41
Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
Business

Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report

The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state.

Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability
Business

Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability

Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05

Arbitration Tribunal delays Rs 10,247 cr award in Cairn retro tax case to mid-2020; no reasons given for delay
Business

Arbitration Tribunal delays Rs 10,247 cr award in Cairn retro tax case to mid-2020; no reasons given for delay

Cairn said it is seeking full restitution for losses totalling more than $1.4 billion resulting from government expropriation of its investments in India in 2014.

Coca-Cola India appoints Nishi Kulshreshtha Chaturvedi as new HR head for India and South West Asia
Business

Coca-Cola India appoints Nishi Kulshreshtha Chaturvedi as new HR head for India and South West Asia

Coca-Cola said Chaturvedi, who joined the company in 2012 as National Head - Human Resources as part of HCCB, has risen through the ranks within the compnay

Final hearing in British oil firm Cairn's arbitration against retro tax of Rs 10,247 crore to begin today
Business

Final hearing in British oil firm Cairn's arbitration against retro tax of Rs 10,247 crore to begin today

India in April submitted its final rejoinder to Cairn's claim for full restitution for losses resulting from the expropriation of its investments in India in 2014 and continued attempts to enforce retrospective tax measures.

I-T Department sells part of Cairn shares in Vedanta to recover part of Rs 10,247 cr retrospective tax
Business

I-T Department sells part of Cairn shares in Vedanta to recover part of Rs 10,247 cr retrospective tax

The income tax department has sold roughly 40 percent of Cairn Energy plc's shareholding in Vedanta to recover a part of the Rs 10,247 crore retrospective tax it had raised against the British firm

Apple acknowledges swelling of iPhone 8 and iPhone 8 Plus and says that they are looking into the problem
News & Analysis

Apple acknowledges swelling of iPhone 8 and iPhone 8 Plus and says that they are looking into the problem

iPhone 8 and 8 Plus went on sale on 22 September. Apple was yet to release figures for the early sales of iPhone 8 and 8 Plus.

Cairn Energy says final arbitration hearing in Rs 10,247 cr tax dispute case in Aug 2018
Business

Cairn Energy says final arbitration hearing in Rs 10,247 cr tax dispute case in Aug 2018

Cairn initiated arbitration against the government using a new law that gave it powers to impose taxes retrospectively, to slap a tax demand of Rs 10,247 crore on a decade old internal reorganisation of its India unit

Cairn's Rs 10,247 cr tax dispute: How co created maze of subsidiaries to make capital gains
Business

Cairn's Rs 10,247 cr tax dispute: How co created maze of subsidiaries to make capital gains

Cairn's case is that none of the 2006 transactions was taxable in India according to the law in force at the time,

Cairn tax dispute: I-T dept orders coercive action against co to recover Rs 10,000 cr tax payment
Business

Cairn tax dispute: I-T dept orders coercive action against co to recover Rs 10,000 cr tax payment

I-T order follows an international arbitration panel last week deciding not to entertain a plea by Cairn Energy seeking injunction against the coercive action to recover the tax

I-T department seeks Rs 30,000 cr penalty from Cairn for non-payment of tax
Business

I-T department seeks Rs 30,000 cr penalty from Cairn for non-payment of tax

The Income Tax Act provides for penalties of 100 percent to 300 percent of the tax due, the official said, adding that the notice sent does not mention of the quantum of penalties the tax department is seeking.

Cairn liable to pay Rs 10,247 cr capital gains tax but not interest on it, says tax tribunal ITAT
Business

Cairn liable to pay Rs 10,247 cr capital gains tax but not interest on it, says tax tribunal ITAT

ITAT held that Cairn Energy was liable to pay the tax on share transfer it did through an internal reorganisation of its India business in 2006, prior to getting Cairn India listed on stock exchanges

UK raises Vodafone tax dispute; wants early resolution
World

UK raises Vodafone tax dispute; wants early resolution

Britain's minister for international trade Liam Fox, during his bilateral meeting with Commerce and Industry Minister Nirmala Siatharaman, flagged the Cairn Energy and Vodafone issues, demanding they be resolved expeditiously.

Govt seeks putting Cairn arbitration on hold in a Rs 29,047 crore retrospective tax demand
Business

Govt seeks putting Cairn arbitration on hold in a Rs 29,047 crore retrospective tax demand

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.

Cairn CEO sets November deadline for government to respond in $5.6 billion tax case
Business

Cairn CEO sets November deadline for government to respond in $5.6 billion tax case

Cairn has initiated an international arbitration seeking $5.6 billion in compensation from the Indian government in case the retrospective tax demand of Rs 29,047 crore is not quashed

Govt fixes Dec 31 deadline for retro tax settlement scheme
Business

Govt fixes Dec 31 deadline for retro tax settlement scheme

Government has fixed December 31, 2016 as the deadline for companies like Vodafone and Cairn Energy Plc to settle their retrospective tax disputes. The one-time offer to settle tax issues by waiving of interest and penalty, if the companies paid up the principal tax amount, had opened on June 1 this year.

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

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

Cairn Energy claims $5.6 bn compensation from Indian govt
Business

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

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

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.

Govt open to out-of-court settlement in Vodafone case: Sinha
Business

Govt open to out-of-court settlement in Vodafone case: Sinha

Asked if the government is considering out-of-court settlement for Vodafone, CBDT chairperson Anita Kapur said, the government is always in the favour of reducing litigation.