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Latest Articles in cairn energy

Capricorn Energy: New Name For Cairn Energy

Cairn Energy, which gave India its biggest on land oil discovery, had in 2011 sold the India unit, Cairn India to mining baron Anil Agarwal's Vedanta Group. The sale included the transfer of the Cairn brand name to Vedanta.

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Govt Buries Retro Taxes; Brings Bill In Lok Sabha To Withdraw Tax Demand On Cairn, Vodafone

The Indian government has lost two separate arbitrations brought by the two companies against the levy of retrospective taxes.

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$1.2bn Arbitration Award: Govt Says No Formal Proposal From Cairn To Settle Dispute

Cairn has identified USD 70 billion of Indian assets overseas for the potential seizure to collect the award, which now totals to USD 1.72 billion after including interest and penalty.

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India Challenges $1.2 Bn Cairn Arbitration Award, Says Never Agreed To Arbitrate Tax Dispute

While the government appointed a judge on the three-member arbitration panel and fully participated in the proceedings against India seeking Rs 10,247 crore in back taxes from Cairn

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India Ordered to Return $1.2 Bn to Cairn Energy

Cairn Energy wins arbitration against India over tax dispute. Cairn Energy, in 2015, had initiated an international arbitration to challenge retrospective taxation.

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Cairn Energy Wins Arbitration Case Against India Over Tax Dispute

Cairn took the case to arbitration in 2015 to fight against a demand in 2014 from the Indian tax department for 102 billion rupees ($1.4 billion) in taxes it said were owed on capital gains related to the 2007 listing of its Indian unit.

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Cairn Tax Dispute: I-T Dept Orders Recovery Of Rs 10000 Crore

The department ordered taking away USD 104 million dividend due to it from its remaining stake in the erstwhile subsidiary Cairn India (now called Vedanta Ltd) and another Rs 1,500 crore of tax refund due to it, a top source said.

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Cairn Approaches International Panel For Injunction Against Income Tax Dept.

Cairn Energy is contesting the tax demand through an international arbitration and has not participated in the amnesty scheme the government floated last year by promising to waive interest and penalty if the principal tax is paid.

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I-T Seeks Rs 30,000 Crore Penalty From Cairn For Non-payment Of Tax

The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time

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Vedanta Sweetens Cairn India Deal Terms After Takeover Delayed

The deal, which will give debt-ridden Vedanta access to oil and gas explorer Cairn India's $3.5 billion cash pile, has faced opposition from some big minority shareholders

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Cairn Energy Seeks $5.6 Billion Compensation From India For Retrospective Tax Demand

British explorer Cairn Energy has sought $5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore on 10-year old internal reorganisation of its India unit

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In Need Of Cash, India Chases $117 Billion In Elusive Back Taxes

Tax officials may go increasingly after entities they think can pay, with possible repercussions for long-running disputes between the government and companies such as Vodafone and Cairn Energy

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ONGC Board Approves $5 Billion Investment In East Coast Oil And Gas Asset

The move comes close on the heels of a government decision in early March that allowed producers to claim a higher price for gas extracted from hydrocarbon basins located in the deep water and ultra-deep water areas of India

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Income Tax Department Slaps Rs 29,000 Cr Tax Demand Notice On Cairn Energy

The tax demand notice came at a time when the government had insisted that it will not raise any fresh tax demand using retrospective tax legislation.

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ONGC Plans $5 Billion Investment To Develop Eastern Gas Asset

The asset can produce up to 17 million metric standard cubic metres per day (mmscmd) of natural gas and 75,000 barrels of oil per day by 2020

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