After Air India, Britain's Cairn Energy to target more govt-owned companies to recover money
• 4 years agoA three-member international arbitration tribunal that consisted of one judge appointed by India had unanimously in December overturned levy of taxes on Cairn retrospectively and ordered refund
Cairn Energy identifies Indian assets worth $70 billion in bid to recover amount due from Centre
• 4 years agoCairn also plans to move courts in the US and Singapore to seize the assets in face of the Centre's refusal to honour an international arbitration award
Cairn tax dispute: Hopeful of reaching resolution on $1.4 billion arbitration award with Centre, says company
• 4 years agoThe company held three rounds of talks with top finance ministry officials in an attempt to resolve the issue without having to resort to seizing Indian assets overseas
Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
• 5 years agoThe 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
• 5 years agoSources 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
• 5 years agoCairn 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
• 6 years agoCoca-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
• 7 years agoIndia 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
• 7 years agoThe 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
Ians • 7 years agoiPhone 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.