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Total 93 results found. Search for [ Cairn Energy case ]

Results 1 to 21 of 93
Reuters
May 7, 2021
Cairn was awarded damages of more than $1.2 billion plus interest and costs in December in a long drawn-out tussle with the Indian government over its retrospective tax claims


PTI
April 11, 2021
In 2006-07, it listed its Indian assets on the BSE. Five years after that the government passed a retroactive tax law and billed Cairn Rs 10,247 crore plus interest and penalty for the reorganisation tied to the flotation


BusinessToday.In
March 30, 2021
Cairn Energy says it has full confidence on its position. The company will continue to take all steps necessary to protect the interests of its shareholders, adds British energy giant


BusinessToday.In
March 28, 2021
Cairn is aiming Indian government assets in the US, UK, Canada, France, Singapore, the Netherlands and three other countries. These are primarily non-diplomatic assets, owned by the Indian government


PTI
March 23, 2021
The appeal against a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India's Rs 10,247 crore tax claim on Cairn Energy and ordering the government to return the value of shares it had sold, comes weeks before UK PM Boris Johnson's visit to India


PTI
March 11, 2021
A plant of a company becomes water positive when it harvests and recycles more water than what it consumes, AGEL said in a statement explaining the terminology 'water positive'


Dipak Mondal
March 10, 2021
Government believes that Cairn had set up a tax-abusive structure and did not pay taxes anywhere in the world on the gains that it made in India; it was well within India's sovereign powers to redress the situation


PTI
March 8, 2021
Once the court recognises an arbitration award, the company can petition it for seizing any Indian government assets such as bank accounts, airplanes and ships in those jurisdictions, to recover the monies due to it


PTI
March 7, 2021
Finance Minister Nirmala Sitharaman had on March 5 indicated the government's intent to appeal against the award when she said it is her \"duty\" to appeal in cases where the nation's sovereign authority to tax is questioned


Dipak Mondal
February 19, 2021
The arbitration court unanimously ruled that India breached its obligations to Cairn under the UK-India Bilateral Investment Treaty


PTI
February 8, 2021
To a question on whether the total retrospective tax has to be paid by the government to Vodafone and Cairn, Thakur said, \"The details terms of the award are under examination by the government\"


PTI
January 31, 2021
For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout


PTI
January 26, 2021
The British firm has begun identifying overseas Indian assets, including Indian bank accounts, airplanes and other foreign properties, in case the Indian government fails to honour the arbitration award


Chandraprakash Surana | Supraja Srinivasan
January 22, 2021
Budget 2021 would be unprecedented in many ways, as the government would have to focus on providing stimulus packages to revive the economy, while also identifying other avenues of revenue to bridge the widening fiscal deficit


BusinessToday.In
December 27, 2020
Permanent Court of Arbitration in The Hague said Cairn Energy's India business reorganisation in 2006 before its listing on stock exchanges was not \"unlawful tax avoidance\"; ordering Indian tax authorities to drop tax demand


Manu Kaushik
December 24, 2020
The government has reportedly challenged the international tribunal's September verdict that ruled in favour of Vodafone Group Plc in the Rs 22,100-crore tax dispute case


BusinessToday.In
December 24, 2020
Shares of Vodafone Idea fell 5.87% to Rs 9.94 against previous close of  Rs 9.56 on BS. The telecom stock has fallen after two days of consecutive gain


BusinessToday.In
December 24, 2020
India has challenged Vodafone arbitration award in Singapore on Dec 21; Centre recently discussed Vodafone tax dispute award at highest level, including with Prime Minister Narendra Modi


Dipak Mondal
December 23, 2020
Supreme Court lawyer Arvind Datar, who has represented Cairn in this case, says that the government has the right to appeal but he does not know whether they will appeal or not


BusinessToday.In
December 23, 2020
The Government will be studying the award and all its aspects carefully in consultation with its counsels, says finance ministry, adding that it will consider all options and take a decision on further course of action, including legal remedies before appropriate fora


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