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...

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...

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...

 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...

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...

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...

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...

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...

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, ...

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...