Arbitration Award

This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country.

$1.2 billion arbitration award: Govt says no formal proposal from Cairn to settle dispute

A three-member international arbitration tribunal that consisted of one judge appointed by India, had in December last year unanimously overturned the levy of taxes on Cairn retrospectively and ordered refund of shares sold, dividend confiscated and tax refunds withheld to recover such demand.

Bombay HC sets aside arbitration award that required BCCI to pay Rs 4,800 crore to DCHL

In the verdict pronounced on Wednesday, Justice Patel held that the arbitrator had indeed proceeded with the matter without applying its mind.

Dr Reddy’s Lab in US to pay $46.25 million to Hatchtech in arbitration award

Hyderabad-based Dr Reddy’s lab informed BSE that the order has been issued by the International Center for Dispute Resolution, USA, in relation to the asset purchase agreement entered into between the parties in 2015.

Cairn Energy Case | India needs to have a better strategy in place

As a country with significant economic attractiveness, India still is in a position to negotiate better terms for fulfilling the terms of the award — including taking up Cairn’s offer to reinvest the amount back in India

Expect 10-15% higher margin than last year: SPML Infra

SPML Infra has won multiple orders totalling Rs 250 crore for power and T&D and the margins are likely to be 14-15 percent. The company has bid for projects worth Rs 8,000-9,000 crore in wastewater management across Maharashtra, Gujarat and Delhi

Expect 10-15% higher margin than last year: SPML Infra

SPML Infra has won multiple orders totalling Rs 250 crore for power and T&D and the margins are likely to be 14-15 percent. The company has bid for projects worth Rs 8,000-9,000 crore in wastewater management across Maharashtra, Gujarat and Delhi.

Sasken Comm hits 6.8-year high, up 7%; gets royalty payment

Spreadtrum, on September 9, has remitted an additional amount of USD 21.49 million in terms of royalty and interest on unpaid royalties, said the company in its filing. It was an addition to the receipt of first tranche of USD 7 million from Spreadtrum on August 13.