Cairn Energy

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Vedanta looks to restart Goa mines by October| Reuters

Jul 29, 2015 at 23:45 | Source: FirstPost

MUMBAI Vedanta Ltd said on Wednesday it expected to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India (CAIL.NS).The mining and energy group,...

Vedanta says its Cairn India buyout offer is fair| Reuters

Jul 24, 2015 at 00:30 | Source: FirstPost

MUMBAI Mining and energy group Vedanta Limited (VDAN.NS) said on Thursday its offer to buy out minority investors in Cairn India (CAIL.NS) was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy ...

Cairn Energy set to vote against Vedanta-Cairn India merger - FT| Reuters

Jul 22, 2015 at 23:30 | Source: FirstPost

MUMBAI Britain's Cairn Energy Plc is set to vote against Vedanta Ltd's $2.3 billion buyout offer for Cairn India's minority shareholders, the Financial Times said on Wednesday, citing people familiar with the situation. Cairn Energy's objections were...

Carlyle backs former Cairn Energy execs' Indian venture| Reuters

Jun 23, 2015 at 01:30 | Source: FirstPost

NEW DELHI Carlyle Group will invest up to $500 million in Magna Energy Ltd, a new India-focused upstream oil and gas company co-founded by two former Cairn Energy executives, including the man credited with the explorer's Indian drilling successes.Ca...

I-T department to defend Rs 20,495 cr tax claim on Cairn India

Jun 16, 2015 at 19:39 | Source: FirstPost

New Delhi: The Income Tax Department will defend the Rs 20,495 crore tax claim it has made on Cairn India even after the company is merged with its parent Vedanta Ltd.Cairn India has challenged the March I-T notice seeking Rs 20,495 crore in tax for ...

Vedanta to be accountable for Cairn's $3.2 bn tax demand: Moody's

Jun 15, 2015 at 18:36 | Source: FirstPost

New Delhi: Billionaire Anil Agarwal-led mining firm Vedanta Ltd will ultimately be held accountable for Cairn India's $3.2-billion tax liability after it absorbs the cash-rich oil firm, Moody's Investors Service said today.The I-T Department had in M...

Cairn India top brass meet Dharmendra Pradhan ahead of merger with Vedanta

Jun 12, 2015 at 18:43 | Source: FirstPost

New Delhi: Ahead of a planned merger of Cairn India and Vedanta Ltd, top officials of the oil firms including chief executive Mayank Ashar met Petroleum Minister Dharmendra Pradhan to brief on the transaction. Cairn CEO Ashar and CFO Sudhir Mathur me...

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...

Cairn Energy seeks compensation from India on tax demand

Mar 24, 2015 at 19:21 | Source: FirstPost

New Delhi: Cairn Energy of UK is seeking compensation from the Indian government for the loss in value it suffered due to an "unfair and arbitrary" Rs 10,247 crore tax demand raised using a retrospective tax law.Using the UK-India Investmen...

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,...

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