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Monday, October 27, 2025
TopicCairn India Ltd.

Topic: Cairn India Ltd.

Cairn to drop cases against India after it gets $1 billion refund, CEO Simon Thomson says

Cairn said it will return up to $700 million out of the $1.06 billion it is supposed to get from Modi govt to 'shareholders via special dividend and buyback.'

Air India’s privatisation won’t be affected by Cairn ‘pressure tactics’, govt says

Cairn Energy has sued Air India in the US to recover its $1.2 billion arbitration award. This has raised questions around the stake sale of the national carrier.

Cairn Energy sues Air India, seeks to seize India’s overseas assets to recover $1.7 billion

Sources in the govt said India will take all necessary steps to defend itself against any such 'illegal enforcement action'.

Govt examining Cairn retrospective tax order, law of the time has to be carried out—CBDT chief

P.C. Mody says govt has already appealed international tribunal order in Vodafone retrospective tax case, and will soon decide whether to appeal Cairn verdict too.

How India self-inflicted Vodafone & Cairn humiliation over ‘bad idea’ of retrospective tax

In episode 647 of #CutTheClutter, Shekhar Gupta says India must stop digging the hole and rethink its decision to appeal the rulings against retrospective tax.

Cairn, Vodafone retrospective tax cases hurt UK investments in India, says business body

Jayant Krishna, Group CEO of UK-India Business Council, says countries are now looking to removing non-tariff barriers to trade as Brexit process continues.

Cairn loses $216 million Vedanta stake as Indian tax row deepens

According to Bombay Stock Exchange, Cairn held about 5 per cent stake in Vedanta as of December 31.

On Camera

Hindu temples belong to deities & devotees, not the govt. Himachal Pradesh HC got it right

Just as India’s educated elite have benefited from missionary-run schools, temple donations could be channelled for the economic and educational upliftment of Hindus.

Paper in MoSPI journal flags financial inclusion gap—highest among Hindus, lowest for Muslims

Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.