Cairn to seek damages from Govt for tax notice

Last Updated: Tuesday, August 18, 2015, 12:42

The firm said it has initiated arbitration for resolution of the tax demand linked to 2006 reorganisation of Cairn India, its one-time Indian subsidiary with oilfields in Rajasthan.

Cairn seeks quick resolution to tax row

Last Updated: Wednesday, August 12, 2015, 15:49

As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.

Cairn Energy, LIC hold key to Cairn-Vedanta merger

Last Updated: Monday, June 15, 2015, 17:14

Edinburgh-based Cairn Energy plc and state-owned insurer LIC hold the key to billionaire Anil Agarwal's move to absorb his cash-rich oil firm Cairn India Ltd into debt-laden resources arm Vedanta Ltd.

Cairn India, Vedanta shares rise after $2.3 billion deal

Last Updated: Monday, June 15, 2015, 10:19

Shares of Vedanta Ltd and Cairn India Ltd rose on Monday after Vedanta offered to buy out minorities in cash-rich oil unit Cairn India in a USD 2.3 billion deal.

Cairn India to merge into Vedanta in $2.3 bn all-share deal

Last Updated: Sunday, June 14, 2015, 14:38

In its biggest consolidation, billionaire Anil Agarwal's group Sunday announced merger of its cash-rich oil company Cairn India with parent Vedanta to cut debt at the struggling resources arm.

Cairn India recoups loss, shares end 7% up

Last Updated: Wednesday, June 10, 2015, 18:31

Shares of Cairn India bounced back 7 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.

Cairn India to merge with Vedanta Ltd; to pare debt

Last Updated: Tuesday, June 9, 2015, 18:21

The merger will help cut Vedanta's Rs 37,636 crore gross debt by using Rs 16,870 crore cash lying with Cairn as well as over Rs 14,000 crore of cash the firm generates every year.

Cairn names ex-Bulgarian minister arbitrator for tax dispute

Last Updated: Monday, May 25, 2015, 21:23

Cairn Energy of UK has named former Bulgarian minister and lawyer Stanimir A. Alexandrov as its arbitrator for resolution of the Rs 10,247-crore tax demand the Indian government had slapped on it using retrospective taxation.

Rs 20K crore tax calculated on wrong principles: Cairn to HC

Last Updated: Wednesday, April 29, 2015, 19:33

Cairn India on Wednesday told the Delhi High Court that the Rs 20,495 crore demand slapped on it by the Income Tax department has been calculated on "wrong" principles and it would come to around Rs 5000 crore.

What security can you give on Rs 20K cr tax demand: HC to Cairn

Last Updated: Thursday, April 16, 2015, 23:45

Delhi High Court today asked Cairn India how it would secure the Rs 20,495 crore demand slapped by the Income Tax department for its alleged failure to pay tax on gains made by its former parent company, Cairn Energy Plc, in a share transfer transaction eight years ago.

Cairn India takes authorities to court over $3.3 billion tax demand

Last Updated: Tuesday, April 7, 2015, 10:29

Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a USD 3.3 billion tax demand from Indian authorities related to its listing in 2007.