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FIIs lost case in tribunal, govt will push ahead with Rs 40,000 cr tax demand, says Jaitley

Apr 15, 2015 at 12:15 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley on Tuesday said the government will press ahead with the Rs 40,000 crore tax demand on foreign institutional investors as FIIs lost a case against levy of tax on capital gains they made."FIIs went to a tr...

FIIs lost their case in tribunal, govt will push ahead with Rs 40,000 cr tax demand: Arun Jaitley

Apr 15, 2015 at 07:39 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley on Tuesday said the government will press ahead with the Rs 40,000 crore tax demand on foreign institutional investors as FIIs lost a case against levy of tax on capital gains they made."FIIs went to a tr...

No retro tax: Jaitley quashes tax terrorism fears, says notice on Cairn a UPA legacy

Mar 16, 2015 at 07:55 | Source: FirstPost

London - Finance Minister Arun Jaitley today rejected suggestions that the huge retrospective tax demand on Cairn India has overshadowed enthusiasm in the Indian economy and said it is a "legacy" issue that has to be sorted through legal pr...

Cairn India gets $3.3 billion tax demand days after ex-parent contests own bill

Mar 14, 2015 at 02:30 | Source: FirstPost

MUMBAI (Reuters) - Cairn India Ltd(CAIL.NS), a unit of London-listed Vedanta Group Plc(VED.L), said it received a demand of about 204 billion rupees ($3.26 billion) from the Indian tax office on Friday in relation to the 2007 listing of the company....

British foreign secretary seeks India assurance after $1.6 billion Cairn tax bill

Mar 12, 2015 at 23:15 | Source: FirstPost

NEW DELHI (Reuters) - Britain's foreign minister raised concerns in India on Thursday about a $1.6 billion retrospective tax bill charged to oil explorer Cairn Energy, and had been reassured there are no other such cases.Cairn (CNE.L) this week filed...

Cairn Energy disputes Indian taxman's $1.6 billion demand

Mar 12, 2015 at 03:45 | Source: FirstPost

LONDON/MUMBAI (Reuters) - Oil explorer Cairn Energy Plc has filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department, in the latest high-profile tax row to hit Asia's third-largest economy.News of the potentia...

Cairn Energy shares plunge 18.3% after India tax row

Mar 11, 2015 at 17:17 | Source: BBC

Shares in Cairn Energy fell 18.3% on Wednesday following Tuesday's announcement that it must pay a $1.6bn (£1bn) fine for unpaid tax in India. The Edinburgh-based oil exploration company is contesting the claim. It has has been trying to exit I...

Cairn Energy faces £1bn Indian tax demand

Mar 11, 2015 at 15:57 | Source: BBC

Edinburgh firm Cairn Energy has been served with a $1.6bn (£1bn) bill for unpaid tax in India. The oil exploration company is contesting the claim through official trade dispute channels. It comes after more than a year of trying to exit the Indian ...

Cairn Energy sells off £230m in Indian shares

Mar 11, 2015 at 15:57 | Source: BBC

Oil explorer Cairn Energy has announced the sale of $360m (£230m) worth of shares in Cairn India. The company said the move represented a 3.5% shareholding in the Indian business. Late last year the Edinburgh firm sold off a 40% stake in Cairn India...

Cairn Energy announces its 2013 strategy

Mar 11, 2015 at 15:57 | Source: BBC

Cairn Energy is to focus its drilling efforts in 2013 in the North Sea, and off the Atlantic coast of Morocco. The Edinburgh-based oil exploration and production firm is to wait until summer 2014 before re-starting its controversial drilling efforts ...

'Tax terrorism' continues: Cairn Energy gets $1.6 bn demand on 2006 asset sale

Mar 11, 2015 at 12:35 | Source: FirstPost

New Delhi - Income Tax Department today slapped a Rs 10,247 crore ($1.6 billion) tax demand on Cairn Energy Plc, which termed the action as "very disappointing" and said it would contest the order.The tax demand relates to an alleged Rs 24,...

'Tax terrorism' continues: Cairn Energy gets $1.6 billion demand on 2006 asset sale

Mar 11, 2015 at 10:15 | Source: FirstPost

New Delhi - Income Tax Department today slapped a Rs 10,247 crore ($1.6 billion) tax demand on Cairn Energy Plc, which termed the action as "very disappointing" and said it would contest the order.The tax demand relates to an alleged Rs 24,...

'Tax terrorism' continues: Cairn Energy gets $1.6 billion notice on 2006 asset sale

Mar 11, 2015 at 09:25 | Source: FirstPost

New Delhi - Income Tax Department today slapped a Rs 10,247 crore ($1.6 billion) tax demand on Cairn Energy Plc, which termed the action as "very disappointing" and said it would contest the order.The tax demand relates to an alleged Rs 24,...

'Tax terrorism' continues: Cairn Energy gets Rs 10,246 cr notice on its 2006 asset sale

Mar 11, 2015 at 08:16 | Source: FirstPost

New Delhi - Income Tax Department today slapped a Rs 10,247 crore ($1.6 billion) tax demand on Cairn Energy Plc, which termed the action as "very disappointing" and said it would contest the order.The tax demand relates to an alleged Rs 24,...

Cairn bucks trend by increasing oil exploration budget

Mar 11, 2015 at 02:15 | Source: FirstPost

LONDON (Reuters) - Oil explorer Cairn Energy (CNE.L) has bucked the industry trend by announcing an increase to its exploration budget for this year to drill more wells in Senegal where it made some promising discoveries last year.Oil companies have ...

Modi's US visit: Seven ministers forced to cancel trip to NYC by PMO

Sep 27, 2014 at 12:07 | Source: FirstPost

New York: Narendra Modi is alive and well in the Americas. On his first trip to New York as the prime minister of India, 64-year-old Modi sold out world famous sports and entertainment arena Madison Square Garden in a few hours, according to the orga...

Modi's US visit: 7 ministers forced to cancel trip to NYC by PMO

Sep 27, 2014 at 10:20 | Source: FirstPost

New York: Narendra Modi is alive and well in the Americas. On his first trip to New York as the prime minister of India, 64-year-old Modi sold out world famous sports and entertainment arena Madison Square Garden in a few hours, according to the orga...

PM Modi will rock Madison Square, but will he leave a stamp on US ties?

Sep 27, 2014 at 08:43 | Source: FirstPost

New York: Narendra Modi is alive and well in the Americas. On his first trip to New York as the prime minister of India, 64-year-old Modi sold out world famous sports and entertainment arena Madison Square Garden in a few hours, according to the orga...

Scottish independence: Firms question 'Yes' vote business case

Aug 27, 2014 at 13:52 | Source: BBC

More than 130 businesses have signed a letter saying the business case for Scottish independence has not been made . The signatories come from a variety of businesses including banking, mining, engineering, food, whisky, and technology. But lobby gro...

Oil explorer Cairn announces losses

Aug 20, 2014 at 11:02 | Source: BBC

Edinburgh-based oil and gas explorer Cairn Energy has announced losses after tax in the first half of this year of $62m (£37m). That compares to a loss of $219m (£131m) in the same period a year ago. The company said it was committed to seven explo...

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