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Cairn Energy
Business  /  Published 09.11.21

Voda agrees to retro tax terms

Telecom firm Vodafone has informed the finance ministry it will submit an indemnity bond to settle its retrospective taxation case with the government, following a strategy similar to Cairn Energy. V...
By Our Special Correspondent in New Delhi

Business  /  Published 04.11.21

Cairn set to end tax spat

UK-based Cairn Energy plc on Wednesday said it has agreed to drop its lawsuits to seize Indian properties abroad.  Meeting the requirements of a new legislation that scraps the levy of retrospec...
By Our Special Correspondent in New Delhi

Business  /  Published 03.10.21

Indemnity sting in retrospective tax rules

The Narendra Modi government has added a sting to the retrospective tax amendment that will make it harder for companies like Cairn Energy to exit from the country without any liabilities. The govern...
By Our Special Correspondent in New Delhi

Business  /  Published 26.09.21

US court stays Cairn lawsuit

 A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with th...
By Our Bureau, PTI in New Delhi

Business  /  Published 16.09.21

Tatas, Singh table bids for AI

The Tatas and SpiceJet promoter Ajay Singh have submitted financial bids to buy troubled national carrier Air India. The last date for submitting the bids was Wednesday. “Financial bids for Air...
By Our Special Correspondent in New Delhi

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Business  /  Published 15.09.21

Cairn, Air India seek stay on NY lawsuit

Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a USD 1.2-billion arbit...
By Our Bureau, PTI in New Delhi

Business  /  Published 08.09.21

Cairn accepts one bilion dollar refund offer

Cairn Energy on Tuesday said it has accepted the Modi government’s offer to refund the company Rs 7,900 crore (or $ 1.06 billion) to settle the retrospective tax dispute but did not categoricall...
By Our Special Correspondent in New Delhi

Business  /  Published 07.09.21

Cairn to drop all India cases

UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resu...
By PTI in New Delhi

Opinion  /  Published 31.08.21

Modi is indifferent to wealth redistribution

After a decade-long pursuit of billions of dollars in taxes arising from the transfer of Indian assets through the route of offshore companies, the Narendra Modi government, in an astonishing U-turn, ...
By Ashish Khetan

Business  /  Published 30.08.21

AI seeks Cairn suit dismissal

Air India has asked a New York court to dismiss a petition filed by Britain’s Cairn Energy for the seizure of its assets to enforce a $1.2 billion arbitral award against the Indian government, s...
By PTI in New Delhi


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