Cairn India

The appellate tribunal's order, dated July 5, came after an appeal was filed by Cairn UK Holdings Ltd against the Sebi order

The government initially refused to honour the award but in August 2021 brought a law to scrap all retrospective tax demands and refund money collected but without any interest or penalty

'Company has concluded all necessary steps under the rules of the India Taxation (Amendment) Act 2021 required for payment by Govt of India of a tax refund of approximately Rs 7,900 cr,' says Cairn

Britain's Cairn Energy to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand

Last month, Cairn said it has agreed to drop litigations to seize Indian properties in several countries as it has accepted India's offer to settle the tax dispute

PM Narendra Modi said that India has proved to the world that it is second to none when it comes to adopting technology or innovating around it.

Air India, unprofitable since a 2007 merger with state-owned domestic operator Indian Airlines Ltd., has total debt of Rs 60,000 crore and loses Rs 20 crore every day

A federal court in Washington has set timelines for responses to be filed to an Indian government petition seeking dismissal of a suit by Britain's Cairn Energy

Political executive will need to strive for a fairer playing field, writes Andy Mukherjee.

The fact that the govt decided to come up with an amendment speaks highly of its commitment towards the international investor community

This change in retro tax law will reflect well on the govt's efforts to improve the ease of doing business environment

Arbitration court in September rejected India's demand for Rs 22,100 crore in back taxes and penalties from company.

Cairn Energy PLC plans to target assets of state-owned firms and banks as it looks to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes

The Securities Appellant Tribunal (SAT) has stayed the penalties imposed by markets regulator Sebi on Cairn India and others for making a misleading announcement regarding buyback of shares in 2014. While staying the penalties, the tribunal also directed Cairn India, which was merged with Vedanta Limited in 2017, and others involved in the case to deposit Rs 2.5 crore with Sebi within three weeks. If the amount is deposited, no further recovery will be made from them during the pendency of the appeal, the tribunal said in an order dated June 22. In May, the Securities and Exchange Board of India (Sebi) imposed a penalty of Rs 5.25 crore on Cairn India for making a misleading announcement regarding the buyback of shares in 2014. Further, the regulator imposed a fine of Rs 15 lakh each on P Elango, who was the CEO and director of Cairn India, along with Aman Mehta and Neerja Sharma, who were directors of the company at the time of violation. According to the Sebi order, the buyback

Globally, oil and gas firms had availed of relaxations in exploration contracts to deal with the disruption.

India had seized and sold shares of Cairn in its erstwhile India unit, confiscated dividend due and withheld tax refunds to recover the tax demand it had levied two years after passing a law in 2012

The govt says it is vigorously defending its case in the dispute but remains open to an amicable solution within the country's legal framework

Vedanta Ltd on Friday said it is evaluating a Sebi order imposing a fine of Rs 5.25 crore on its erstwhile unit, Cairn India

Markets regulator Sebi on Wednesday imposed a penalty of Rs 5.25 crore on Cairn India for making a misleading announcement regarding the buyback of shares in 2014.

Once Air India is sold to private buyer, Cairn's claim will be defeated: Official