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Friday, March 29, 2024
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

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.