Cairn Energy

WEF Davos | Metals, Mining & Energy: Priya Agarwal Hebbar On Vedanta’s Next Era

Jan 21, 2025, 08:01 PM IST

At the World Economic Forum in Davos, Priya Agarwal Hebbar, Non-Executive Director of Vedanta and Chairperson, Hindustan Zinc, discusses the company’s transformation and future plans with Siddharth Zarabi, Editor of Business Today. The discussion centres on Vedanta’s revised demerger strategy, where the base metals business remains within the core company, ensuring streamlined operations and value creation. Hebbar shares her vision for the group’s role in the global energy transition, emphasizing the commitment to run Hindustan Zinc, Cairn Oil & Gas, and Zinc International on 100% renewable energy within the next decade. The young corporate leader also discusses her views on leadership and her role as a successor to the Vedanta Group while exploring the establishment of an enduring institution to secure Vedanta’s legacy for the next 500 years. With ambitious plans to ramp up production and expand its footprint in the metals and mining sectors, Vedanta is positioning itself as a global leader in sustainability and innovation.

India refunds Rs 7,900 cr to Cairn Energy to settle retro tax dispute

Feb 24, 2022, 06:42 PM IST

Cairn, in a statement, said the tax refund has been paid and "net proceeds of $1.06 billion have been received."

Devas Multimedia shareholders to continue seizing Indian assets abroad

Jan 23, 2022, 12:52 PM IST

Devas shareholders are pursuing Indian assets abroad to recover the awards and have got a French court order for freezing Indian properties in Paris and got partial rights over funds maintained by India funds in Canada.

Will continue to seize state assets until India starts talks: Devas Multimedia

Jan 15, 2022, 03:40 PM IST

The Modi government was wise to settle with Cairn because it is futile to continue evading payment on arbitral awards that have been upheld in every instance," a Devas Multimedia spokesperson told Business Today.

Retro Tax: Cairn drops lawsuits in US, UK against Indian govt

Dec 26, 2021, 11:26 AM IST

Cairn on November 26 withdrew the lawsuit it had brought in Mauritius for recognition of the arbitration award and took similar measures in courts in Singapore, the UK and Canada.

Cairn to withdraw litigation; 7-year retro-tax dispute draws to a close

Nov 03, 2021, 09:34 PM IST

Oil & gas major Vedanta, which had bought Cairn Energy’s erstwhile subsidiary Cairn India in 2011, is also likely to withdraw an arbitration it had filed in Singapore seeking around Rs 5,000 crore in damages from the government.

New York court halts tax suit to allow Cairn to settle dispute with India

Sep 26, 2021, 11:25 AM IST

The move follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country

$1.2 bn arbitral award: Cairn, Air India seek stay on New York court proceedings

Sep 15, 2021, 06:16 PM IST

The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn

Cairn settlement to be a confidence booster for foreign investors

Sep 08, 2021, 06:01 PM IST

The move comes a month after the government enacted a new law to drop Rs 1.1 lakh crore in outstanding claims against multinationals such as telecom group Vodafone, pharmaceuticals company Sanofi, brewer SABMiller and Cairn Energy. The agreement is a major victory for the Modi government’s effort to make India more investor friendly.

Post Centre-Cairn settlement, Devas to pursue enforcement of $1.2 bn arbitral award

Sep 08, 2021, 10:33 AM IST

Stakeholders of Devas are presently pursuing cases in numerous courts worldwide, comprising those in the US and the UK to push India to pay them $1.3 billion in damages for terminating a 2005 agreement

Cairn accepts $1 bn refund offer, to drop litigations against India: CEO

Sep 07, 2021, 02:35 PM IST

The offer to return money seized to enforce retrospective tax demand in lieu of dropping all litigations against the government "is acceptable to us," Cairn CEO Simon Thomson said