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India needs to resolve tax issues with MNCs: Gammell

Last Updated: Monday, May 19, 2014, 12:19

India's new government needs to resolve taxation issues dogging multinational companies if it wants to encourage foreign direct investment, said Bill Gammell, who retired last week as chairman of Cairn Energy.

Cairn agrees $575 mn loan to help develop oil fields

Last Updated: Thursday, May 15, 2014, 18:03

Oil explorer Cairn Energy has agreed a $575 million loan to help it to develop North Sea fields in a move welcomed by analysts as an indication that a tax dispute over its Indian assets will not cause any long-term damage to the company.

Cairn to assess impairments relating to India in August

Last Updated: Thursday, May 15, 2014, 13:12

Cairn Energy, Cairn India Ltd, Shell, Capgemini, Cairn shares, India's tax authorities

Cairn Energy seeks shareholder nod to sell Cairn India stake

Last Updated: Wednesday, April 16, 2014, 22:28

Cairn Energy had said in a regulatory filing after the annual general meeting on May 16, 2013, that shareholders had authorised the board to dispose of all or part of the company's residual interest in Cairn India.

Mike Watts, who found oil in Thar desert, to quit Cairn Energy

Last Updated: Thursday, April 10, 2014, 17:43

Dr Mike Watts, the man credited with discovering India's largest onland oil field in Rajasthan, will step down from the board of Cairn Energy plc in mid-May.

I-T Dept slaps two more notices on Cairn Energy

Last Updated: Thursday, April 03, 2014, 16:10

Cairn faces a potential tax demand on an alleged Rs 24,500 crore of capital gains it made when in 2006-07 it transfered all its India assets to a new company, Cairn India.

Cairn Energy suspends share buyback due to tax dispute

Last Updated: Tuesday, March 18, 2014, 16:11

Cairn Energy had in October last year announced a USD 300 million programme to buy-back shares for cancellation.

Global firms need patience to invest in India: Anil Agarwal

Last Updated: Friday, March 07, 2014, 16:18

Vedanta group Chairman Anil Agarwal on Friday said the global business community needs to have patience while investing in India because the country is going through a transitional phase.

Bill Gammell to retire from Cairn Energy

Last Updated: Monday, March 03, 2014, 14:28

Scottish explorer Cairn Energy plc Monday announced that its non-executive Chairman Bill Gammell will retire by mid-May.

Cairn Energy plc says fully tax compliant

Last Updated: Friday, January 31, 2014, 14:02

Facing a potential tax demand on an alleged Rs 24,500 crore of capital gains it made on transferring India assets to a new company, Scottish explorer Cairn Energy plc Friday said it was fully compliant with the tax legislation in force when it operated in the country.

'Cairn UK did not pay tax on Rs 24,503.50 cr of capital gains'

Last Updated: Tuesday, January 28, 2014, 01:56

This payment that the UK firm received was against its entire investment of Rs 2,178.36 crore (251.22 million pounds) in the India business.

I-T Dept restrains Cairn Energy from selling India stake

Last Updated: Friday, January 24, 2014, 15:29

The Income Tax Department, which is probing Cairn Energy plc's transfer of India assets, has asked the UK-based company not to dispose of its 10.3 percent holding in Cairn India.