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Friday, July 01, 2022



Cairn withdraws all lawsuits against India, to get Rs 7,900 crore tax refund

January 05, 2022 4:47 pm

The company on November 26, 2021, initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an international arbitration award which had overturned the levy of Rs 10,247 crore retrospective taxes and ordered India to refund the money already collected.

Retro tax: Cairn petition to indemnify govt accepted

November 19, 2021 12:43 am

Earlier this month, the company gave the required undertakings indemnifying the Centre against future claims. The government has now accepted this and issued Cairn the procedural form which commits to refund the tax collected, an official said.

To step up reserves, exploration, Cairn partners Halliburton

November 17, 2021 1:35 am

Cairn is set to invest $4 bn over 3-4 years to boost its production of crude to 50% of India’s total output.

Cairn arbitration: Government confirms French court order against Indian assets

July 27, 2021 5:08 pm

Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy.

For Cairns dispute, international arbitration is not the way forward

July 21, 2021 8:07 am

Suranjali Tandon writes: It raises many questions that administrators must address through reform.

Cairn gets ruling to freeze Indian assets in Paris

July 09, 2021 1:01 am

The French court, Tribunal judiciaire de Paris, on June 11 agreed to Cairn's application to freeze (through judicial mortgages) residential real estate owned by the Government of India in central Paris, they said adding the legal formalities for the same was completed on Wednesday evening.

Government has not received any notice: Finance Ministry on Cairn order

July 08, 2021 2:55 pm

Cairn arbitration case: Finance ministry in a statement said that has not received any notice, order or communication , in this regard, from any French Court.

Cairn CEO says ‘constructive dialogue’ with Finance Secy

February 18, 2021 11:59 pm

“We had a constructive dialogue and the dialogue is ongoing,” Thomson told reporters after the meeting. When asked about details, he said he “can’t comment more on the meeting.”

LIC top brass meet Vedanta officials to vet Cairn merger

June 17, 2015 1:38 am

Cairn India has Rs 16,867 crore of cash on its books, while Vedanta has debt of Rs 37,636 crore, leading to concern among minority shareholders.

Cairn India to merge with Vedanta in Rs14,720 cr deal

June 15, 2015 1:52 am

Cairn India minority shareholders will own 20.2 per cent and Vedanta Ltd minority shareholders will own a 29.7 per cent stake in the enlarged entity.