Cairn

Cairn offers to forego USD 500 mn if India agrees to pay principal due

Cairn offers to forego USD 500 mn if India agrees to pay principal due

The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in Rajasthan.


Vedanta Resources says contributed over Rs 34K cr to Indian exchequer in FY20

Vedanta Resources says contributed over Rs 34K cr to Indian exchequer in FY20

Diversified natural resources firm Vedanta Resources has said it contributed USD 4.66 billion (Rs 34,018 crore) to the public exchequer i...Read More

ED attaches assets in Cairn India crude oil theft case of Rajasthan

ED attaches assets in Cairn India crude oil theft case of Rajasthan

A provisional attachment order has been issued by the central probe agency against eight accused, identified as Bhoor Singh Rajpurohit, P...Read More

Cairn receives notice of government’s appeal against the arbitration award

Cairn receives notice of government’s appeal against the arbitration award

British energy major Cairn confirmed that it has received a notice that the Government of India has petitioned the Dutch Court of Appeal ...Read More

India files appeal against Cairn arbitration award

India files appeal against Cairn arbitration award

The appeal was filed on Monday, a source with knowledge of the matter said. The Finance Ministry spokesperson did not immediately respon...Read More

India has till mid-April to appeal against Cairn award; challenge only on limited grounds

India has till mid-April to appeal against Cairn award; challenge only on limited grounds

India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK's Cairn Energy Plc ...Read More

Cairn says it has identified Indian assets for seizing should it be not paid

Cairn says it has identified Indian assets for seizing should it be not paid

"Cairn is extremely confident that satisfaction of the award will be achieved either by negotiated settlement or by enforcement against I...Read More

US, UK, 3 other courts confirm $1.4 bn arbitration award against India

US, UK, 3 other courts confirm $1.4 bn arbitration award against India

Cairn Energy had moved courts in nine countries to enforce its USD 1.4 billion arbitral award against India, which the company won after ...Read More

Cairn wants India to honour its word and pay $1.4 bn, shareholders to seek enforcement

Cairn wants India to honour its word and pay $1.4 bn, shareholders to seek enforcement

"Our shareholders are watching," Cairn CEO Simon Thomson said in a Twitter post. "They expect India to honour its obligations and to quic...Read More

$1.4 bn Cairn arbitration award: FM Sitharaman says its her duty to appeal

$1.4 bn Cairn arbitration award: FM Sitharaman says its her duty to appeal

Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the ...Read More

$1.4bn arbitration award: Cairn says hopeful of solution, will take steps to protect shareholder interest

$1.4bn arbitration award: Cairn says hopeful of solution, will take steps to protect shareholder interest

Cairn CEO Simon Thomson held discussions with Finance Secretary Ajay Bhushan Pandey and over half a dozen other senior officials includin...Read More

Government to appeal against Cairn tax award; no mention of appeal in talks between Cairn's CEO and Finance Secretary

Government to appeal against Cairn tax award; no mention of appeal in talks between Cairn's CEO and Finance Secretary

The government is likely to file an appeal against the USD 1.4 billion international arbitration award won by Cairn Energy in a tax disp...Read More

Govt may give oilfield in lieu of $1.4 bn it has to pay Cairn, save overseas assets

Govt may give oilfield in lieu of $1.4 bn it has to pay Cairn, save overseas assets

Cairn Energy gave India its biggest onland oil discovery but exited the country after it was slapped with a Rs 10,247-crore tax demand us...Read More

Cairn says engaged with Indian government on adherence to arbitration award

Cairn says engaged with Indian government on adherence to arbitration award

A month after a tribunal at the Permanent Court of Arbitration in The Hague ordered India to return USD 1.2 billion to UK's Cairn Energy ...Read More

India's crude output slips 5% in Nov on drop in Vedanta fields

India's crude output slips 5% in Nov on drop in Vedanta fields

India is dependent on imports for 85 per cent of its needs and the government is pushing domestic explorers to raise output to help cut d...Read More

Is government waiting for Cairn arbitration award to decide on Vodafone appeal?

Is government waiting for Cairn arbitration award to decide on Vodafone appeal?

The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's C...Read More

SC upholds foreign tribunal award in favour of Vedanta for developing Ravva oil and gas fields

SC upholds foreign tribunal award in favour of Vedanta for developing Ravva oil and gas fields

In a set back to the Centre, the top court rejected its appeal against the February 19 order of the Delhi High Court saying that it has n...Read More

Arbitration Tribunal delays award in Rs 10,247 cr Cairn retro tax case to mid-2020

Arbitration Tribunal delays award in Rs 10,247 cr Cairn retro tax case to mid-2020

New Delhi: More than a year after hearings in an arbitration initiated by Cairn Energy against Rs 10,247-crore retrospective tax demand e...Read More

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Cairn-Vedanta merger gets NCLT approval

New Delhi : In a recent move, the National Company Law Tribunal (NCLT) approved Vedanta Ltd.’s merger with oil subsidiary Cairn India Ltd...Read More

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HC tells government to decide Cairn’s PSC extension in 2 months

New Delhi : Delhi High Court directed the government to positively take a decision within two months regarding extension of a production ...Read More

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