Pending tax issues will be referred to Shah panel: CEA

Legacy tax issues like those involving Cairn and Shell can be referred to AP Shah panel for quick resolution, says Chief Economic Advisor Arvind Subramanian who feels the old issues that have held back private investments also need to be worked out.

Resolution of three pending tax disputes in works: Jaitley
Resolution of three pending tax disputes in works: Jaitley

The government is keen on early resolution of the three pending tax disputes -- involving foreign giants Vodafone, Cairn and Shell -- and the best way to get an expeditious disposal is being worked out, Finance Minister Arun Jaitley said on Sunday.

Cairn to seek damages from Govt for tax notice

The firm said it has initiated arbitration for resolution of the tax demand linked to 2006 reorganisation of Cairn India, its one-time Indian subsidiary with oilfields in Rajasthan.

Cairn seeks oil swaps to get higher margins

Sources close to the company said Cairn India has sought government approval for a tripartite agreement wherein Barmer crude oil will go to the international market where it will get better price than the ones realised locally.

Aviva opposes Cairn India's merger with Vedanta

Opposing Vedanta's all-share merger deal, Aviva said there was "a risk of the Vedanta Group misallocating capital" of oil producer Cairn India to pay off its huge debt.

Cairn CEO meets Pradhan ahead of merger with Vedanta

The boards of Cairn India Ltd and Vedanta Ltd are likely to meet on Sunday to consider a 'reverse' merger aimed at cutting debt on Vedanta books.

Govt to hike Cairn's Ravva gas price by 20%

Cairn gets USD 4.3 per million British thermal unit (mmBtu) for gas from Ravva Satellite field.

Cairn India seeks to export oil despite ban

Cairn India, backed by billionaire Anil Agarwal, did not respond to telephone calls and an email seeking comment about the export notice. 

Cairn, Vedanta boards to meet on Sunday to consider merger

Separate meetings of the boards of Vedanta and Cairn are being called on June 14 in Mumbai to consider an all share merger, sources privy to the development said.

Cairn reports biggest loss of Rs 241 cr in Q4

This is the first loss that the company suffered since reporting Rs 13.9 crore loss in October-December quarter of 2007.

Cairn India moves Delhi HC against Rs 20,495 crore tax demand

Cairn sought directions to the tax authorities not to take any coercive steps against it for recovery of the demand.

Cairn to treble gas production from Rajasthan block by 2018

Cairn India plans to treble natural gas production from its predominantly oil-rich Rajasthan block to 3 million standard cubic meters per day by mid-2018.

Vedanta slaps Notice of Claims on Government

Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India.

DGH to renegotiate fiscal terms of Cairn's Rajasthan block

"We have asked DGH to renegotiate terms with both the contractors, Cairn and Oil and Natural Gas Corp (ONGC)," a senior government official said.

Cairn files notice against India in $1.6 billion tax dispute

The dispute notice was filed under the terms of a UK-India Investment Treaty, meaning the Indian government and Cairn will start negotiations to find a resolution to the dispute, Cairn said.

Cairn reduces yearly losses, plans more Senegal wells

Cairn has been unable to sell the 10 percent share it holds in Cairn India, worth around $703 million at the end of the year.

Cairn Energy lays off 40% staff following India tax dispute

Cairn has laid off 100 employees across the board as a cost cutting measure, company sources said.

Cairn makes second oil discovery offshore Senegal

The oil explorer is the operator and owns a 40 percent stake in three blocks off the coast of Senegal.

Cairn India's Rajasthan output dips 7% in Q2

Rajasthan block production in July-September stood at 163,262 barrels of oil per day as compared to 175,478 bpd a year ago, the company said in a statement here.

Cairn discovers oil offshore Senegal

The companies encountered 29 metres of net oil bearing reservoir at the FAN-1 well, located around 100 km off the coastline and 1,427 metres deep.