News WrapGet Handpicked Stories from our editors directly to your mailbox


Income Tax Dept sells more shares of Cairn Energy to recover retro tax

Cairn in its half-yearly report announcement Tuesday reported a loss of USD 500.5 million as a result of the de-recognition and loss of financial assets in India.

Sep 11, 2018, 15:58 PM IST

Setback to India: International panel rejects stay on Cairn arbitration

The panel, comprising three judges of international repute, has also turned down India’s application for bifurcation of the issue of whether tax is covered under India-UK bilateral investment protection treaty.

Apr 26, 2017, 14:06 PM IST

United Spirits, Cairn to move out from Sensex Next 50 index

Sensex Next 50 index measures the performance of the subsequent 50 largest index-eligible stocks outside the BSE Sensex 50.

Apr 20, 2017, 18:09 PM IST

I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax

Senior tax department officials said Cairn Energy has sought 10 more days to reply to the show cause seeking levy of penalty.

Apr 20, 2017, 15:43 PM IST

Vedanta completes Cairn merger

The merger of cash-rich oil producer Cairn India into its debt-ridden parent Vedanta Ltd is now complete, the two firms announced on Tuesday.

Apr 11, 2017, 20:45 PM IST

Tax dept slaps fresh demand note of Rs 10,247 crore on Cairn

Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department has slapped a fresh demand note of Rs 10,247 crore on British explorer Cairn Energy Plc.

Apr 09, 2017, 14:11 PM IST

Cairn-Vedanta merger: All approval in place barring RBI

Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.

Mar 28, 2017, 14:00 PM IST

Cairn writes to Modi seeking resolution to Rs 29,047 crore retrospective tax demand ahead of UK PM's visit

Cairn writes to Modi seeking resolution to Rs 29,047 crore retrospective tax demand ahead of UK PM's visit

Nov 06, 2016, 16:56 PM IST

Delhi HC dismisses Cairn India's plea for export of excess crude

Delhi High Court on Tuesday dismissed a plea filed by UK-based Vedanta group company, Cairn India Ltd, seeking permission to export excess crude from its Barmer oil field in Rajasthan.

Oct 18, 2016, 11:29 AM IST

Expect Cairn-Vedanta merger by this fiscal-end: Anil Agarwal

Mining mogul Anil Agarwal on Thursday said the merger of his group's cash-rich oil subsidiary Cairn India with parent firm Vedanta is likely to be completed by the end of this fiscal.

Oct 06, 2016, 18:53 PM IST

Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal

Mining mogul Anil Agarwal on Monday said the merger of his group's cash-rich oil firm Cairn India with its parent, Vedanta Ltd is likely to be completed by year end to create India's largest diversified natural resources company.

Jul 25, 2016, 16:26 PM IST

New offer of Cairn India merger

New offer of Cairn India merger to lure minority shareholders. Watch this special segment and get to know more here.

Jul 23, 2016, 17:15 PM IST

Retrospective tax not helping government image: Cairn Energy CEO

The major retrospective tax disputes include those involving Vodafone and Cairn.

May 13, 2016, 11:55 AM IST

Cairn India, Vedanta merger only after tax liability settled: Government

In a setback to mining mogul Anil Agarwal, the government today said it will not allow him to merge subsidiary Cairn India with his flagship firm Vedanta Ltd unless the Rs 10,247 crore tax issue is settled

Apr 11, 2016, 16:27 PM IST

Cairn asks govt to walk the talk on retro tax

Weeks after being slapped with a Rs 29,000 crore 'retrospective tax demand', British oil explorer Cairn Energy today said international investors want the Modi government to walk the talk on resolving retrospective tax issues and send a clear signal that things are changing

Apr 03, 2016, 17:50 PM IST

Vodafone, Cairn Energy won't be coerced on retrospective tax cases: Arun Jaitley

the government has said that it won't be coercing Vodafone and Cairn Energy to take up its one-time offer so as to settle the pending retrospective cases

Mar 27, 2016, 18:29 PM IST

Recovery process of Rs 29,000-cr tax to continue till Cairn takes settlement: Govt

Close on heels of Income Tax Department slapping a Rs 29,000-crore tax demand notice on Cairn Energy, the government on Wednesday said normal recovery process will continue till the British firm takes one-time settlement offered in the Budget

Mar 16, 2016, 18:23 PM IST

Cairn seeks removal of retrospective tax law

Cairn Energy plc has asked Finance Minister Arun Jaitley to do away with the legislation in the Budget next month to restore faith of international investors in India.

Jan 14, 2016, 15:26 PM IST

Govt open to out-of-court settlement in Vodafone case: Sinha

Vodafone have dragged government to arbitration over a Rs 20,000 crore tax dispute arising out of retrospective applicability of the tax law.

Nov 06, 2015, 14:24 PM IST

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.

Oct 04, 2015, 13:29 PM IST