Cairn Energy

Jan 19, 2016 at 21:31 | Source: PTI
British oil firm Cairn Energy plc today said it will seek from India over USD 600 million in damages for loss it suffered in value of its holding from a Rs 10,247-crore tax demand raised on its eight-year-old internal business recognition.
Jan 18, 2016 at 20:31 | Source: PTI
Levy was approved as the neutral arbitrator on the panel last week after appointees of Cairn and the Government agreed to his name, sources said.
Jan 14, 2016 at 14:44 | Source: PTI
Cairn Energy chief executive Simon Thomson met Jaitley on Tuesday to seek a quick resolution to the two year old tax dispute that has forced the firm to sell assets, postpone investment and cut workforce. The company had challenged the tax assessment on a 2006 internal reorganisation and taken government to arbitration.
Jan 09, 2016 at 15:13 | Source: PTI
Ian Murray, Member of Parliament for Edinburgh South and Shadow Secretary of State for Scotland, wrote to Jaitley saying Cairn has lost jobs and suffered material financial loss as a direct result of action by the Government of India.
Jan 02, 2016 at 13:55 | Source: PTI
Addressing the officer trainees of the Indian Revenue Service, Jaitley said taxes which are realisable have to be collected, but the taxes that are not realisable, should not be collected.
Dec 11, 2015 at 22:23 | Source: PTI
Minister of State for Finance Jayant Sinha said this in written reply to a question in the Lok Sabha regarding top MNCs approaching Income Tax Department for resolution of disputes.
Dec 10, 2015 at 21:54 | Source: PTI
In a letter to Finance Minister Arun Jaitley, Cairn disputed the Rs 10,247 crore tax notice sent to it on alleged capital gains made on a 2006 internal reorganisation of its India business saying no tax was due even if the retrospective amendments to Income Tax Act are applied.
Dec 07, 2015 at 08:06 | Source: Reuters
Poor disclosure among India-listed firms is a turnoff for foreign investors, a weakness Asia's third-largest economy can ill afford as competition for overseas capital heats up among emerging markets in expectation of higher US interest rates.
Nov 19, 2015 at 08:22 | Source: CNBC-TV18
Coal India | Hero Motocorp | Ramco Systems | Aurobindo Pharma | Adani Ports | Simbhaoli Sugar and Intellect Design are stocks, which are in the news today.
Nov 08, 2015 at 12:27 | Source: PTI
The British oil explorer late last month wrote to Finance Minister Arun Jaitley reminding him of government's promise to appoint an arbitrator "soon" to resolve the issue.
Messages on Cairn Energy »

dipu_1990

Platinum Member

418 Followers

Cairn India  

no doubt cairn energy would need funds for its E&P activities, but the co had also announced a buyback program of its own. a co doesn`t announce a BB unless they have surplus reserves, with the cairn india share sale adding to its kitty. there has been no large oil fields coming to an end

6.23 PM Jul 4th 2014

dipu_1990

Platinum Member

418 Followers

Cairn India  

if u r considering the shareholding of cairn energy as retail, then it might be. as per the last SHP filed by the co, retail individuals (less than Rs 1 lakh) hold 2.11%, individuals (excess of Rs 1 lakh) hold 0.23%, NRIs hold 0.09%, clearing members (not transferred to demat) hold 0.15%, directors

4.44 PM Jun 29th 2014

soporofic

Platinum Member

89 Followers

Cairn India  

absolutely agree . Cairn energy is the lion share choice of the FM of the coveted FIDELITY WORLD REALL ASSET FUND . regards

9.38 PM Jun 26th 2014

paul F C

Gold Member

27 Followers

Cairn India  

Cairn Energy PLC Stock Rating Reaffirmed by Credit Suisse (CNE) | 54% Upside http://tickerreport.com/banking-finance/234630/cairn-energy-plc-stock-rating-reaffirmed-by-credit-suisse-cne/?

11.18 AM Jun 19th 2014

ckkc2005

Silver Member

0 Follower

MF & Taxes  

I would like to know if this amendment can affect Cairn Energy tax demand & ultimately share buyback of Cairn India.

11.29 AM Jun 15th 2014

dipu_1990

Platinum Member

418 Followers

Cairn India  

Vedanta Resources has a gross debt of $16.9 billion and a net debt of $7.92 billion. Sesa Goa, which was a cash rich co, was taken over by the Vedanta group and it`s reserves were used to buy the shares of Cairn India from Cairn Energy. and after that the promoters have pledged 738873586 (65

10.27 PM Jun 12th 2014

chakla

Gold Member

27 Followers

Essar Oil  

RELIANCE or CAIRN energy which are very big refineries may buy this small company to increase their refinery capacity

2.27 PM Jun 10th 2014

dipu_1990

Platinum Member

418 Followers

Cairn India  

up! then the residual shares held by cairn energy was said to be the reason for the stagnant share price. a BB was devised for that, but the IT people nipped that in the bud! what seems to be the reason now? gas price hike? BB offer? sri lanka oil/gas finds? big gas in Rajasthan? pipeline to gujarat

12.31 PM Jun 10th 2014

SHALLUGAURA
V

Platinum Member

250 Followers

Cairn India  

I think, Indian new govt. has made it clear, that there will be no RETROSPECTIVE TAX law implementation, so almost this CAIRN ENERGY, U.K. is free from the tangles of Income tax dept. and soon they will get permission to take part in buy back process. If Mr. BILL GAMMMEL would have been its

7.16 PM Jun 5th 2014

dipu_1990

Platinum Member

418 Followers

Cairn India  

now. that cannot be still used as an excuse for the under-performance. tax issue affects cairn energy, which holds under 10% residual stake. and even that cropped up recently, just before the BB was to commence. the co was involved in starting production from the oil wells. they have achieved

12.50 PM May 30th 2014

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