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Cairn to target assets of state-owned firms to recover dues worth $1.2 billion

Cairn to target assets of state-owned firms to recover dues worth $1.2 billion

Rediff.com27 Jun 2021

After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.

Global vaccine supply hit due to Covid surge in India:

Global vaccine supply hit due to Covid surge in India:

Rediff.com28 May 2021

The 'terrible' surge of the coronavirus cases in India has severely impacted COVAX's vaccine supply in the second quarter of this year to the extent that there will be a shortfall of 190 million doses by the end of June, according to a joint statement by the WHO, UNICEF, GAVI and CEPI.

Cairn going all out to make Indian govt pay $1.2 bn arbitration award

Cairn going all out to make Indian govt pay $1.2 bn arbitration award

Rediff.com28 Mar 2021

UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.

US: Intruder boards military plane at Air Force One base

US: Intruder boards military plane at Air Force One base

Rediff.com6 Feb 2021

After gaining access to the airfield, the unarmed intruder then entered a C-40 aircraft from the 89th Airlift Wing, known as the "presidential wing," officials said.

Reliance sells stake in US shale gas assets for $250m

Reliance sells stake in US shale gas assets for $250m

Rediff.com4 Feb 2021

Billionaire Mukesh Ambani's Reliance Industries Ltd has sold its stake in the shale gas asset in the US to Northern Oil and Gas Inc for USD 250 million, the firm said on Thursday.

Joe Biden takes oath as 46th US President

Joe Biden takes oath as 46th US President

Rediff.com20 Jan 2021

The 78-year-old veteran Democrat leader was administered the oath of office by Chief Justice John Roberts at the West Front of the Capitol -- the traditional location for presidential inaugural ceremonies where the deadly violence took place just two weeks ago.

Joe Biden: From being one of the youngest senators to oldest US president

Joe Biden: From being one of the youngest senators to oldest US president

Rediff.com20 Jan 2021

The presidential dreams that the veteran leader from Delaware had harboured since childhood seemed all but over for a third time until he won South Carolina's Democratic Party primary on February 29 last year, forcing most rivals out of the race and making one of the most dramatic comebacks in American political history.

Biden all set to be sworn in as 46th US President

Biden all set to be sworn in as 46th US President

Rediff.com20 Jan 2021

Chief Justice John Roberts will administer the oath of office to Biden just after the clock strikes 12 (local time) at the West Front of the Capitol -- the traditional location -- under the unprecedented security umbrella of more than 25,000 National Guards, who have transformed the capital into a garrison city, mainly because of the threat of violent protest by Trump's supporters.

20 Indian-Americans in Biden administration, 17 at key WH positions

20 Indian-Americans in Biden administration, 17 at key WH positions

Rediff.com17 Jan 2021

It is also for the first time ever that so many Indian-Americans have been roped into a presidential administration ever before the inauguration. Biden, a Democrat, is still quite far away from filling all the positions in his administration.

Biden announces $1.9 trillion COVID-19 stimulus plan

Biden announces $1.9 trillion COVID-19 stimulus plan

Rediff.com15 Jan 2021

Biden's proposal also sets aside USD 20 billion for a national vaccination programme and USD 50 billion to scale up coronavirus testing.

Lady Gaga, Jennifer Lopez to headline Biden inauguration

Lady Gaga, Jennifer Lopez to headline Biden inauguration

Rediff.com14 Jan 2021

Lady Gaga will perform the national anthem. There will be a musical performance by Lopez, who has used her voice during the coronavirus pandemic to speak out against its disproportionate toll on minority communities.

Unlike Trump, Pence to attend Biden's inauguration: Reports

Unlike Trump, Pence to attend Biden's inauguration: Reports

Rediff.com11 Jan 2021

Biden said that he was glad Trump decided not to attend and that Pence is "welcome to come.'

Biden lauds Vanita Gupta as 'proud daughter' of Indian immigrants

Biden lauds Vanita Gupta as 'proud daughter' of Indian immigrants

Rediff.com8 Jan 2021

"As associate attorney general, the number three job at the department, I nominate Vanita Gupta. A woman I've known for some time. One of the most respected civil rights lawyers in America," Biden told reporters in Wilmington, Delaware as he announced some of the key nominations in the Justice Department on Thursday.

This is not dissent, it's chaos: Biden on US Capitol violence

This is not dissent, it's chaos: Biden on US Capitol violence

Rediff.com7 Jan 2021

'This is not who we are. What we are seeing is a small number of extremists dedicated to lawlessness'

The A to Z of 2020

The A to Z of 2020

Rediff.com31 Dec 2020

We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.

US VP-elect Kamala Harris receives first dose of Moderna COVID-19 vaccine

US VP-elect Kamala Harris receives first dose of Moderna COVID-19 vaccine

Rediff.com30 Dec 2020

The US vice-president-elect received a dose of the Moderna vaccine from clinical nurse Patricia Cummings at United Medical Center, which is located in Southeast Washington, DC.

US President-elect Biden publicly receives COVID-19 vaccine

US President-elect Biden publicly receives COVID-19 vaccine

Rediff.com22 Dec 2020

Biden received the first course of the Pfizer-BioNTech vaccine at ChristianaCare Hospital in Newark, Delaware.

Biden, wife to receive Pfizer COVID-19 vaccine on Monday

Biden, wife to receive Pfizer COVID-19 vaccine on Monday

Rediff.com19 Dec 2020

Biden previously told Jake Tapper of CNN that he would be "happy to" take the COVID-19 vaccine once US infectious disease expert Anthony Fauci said it was safe and he would get the injection in a public setting to prove it.

'Biden knows Kamala is ready to be President'

'Biden knows Kamala is ready to be President'

Rediff.com4 Dec 2020

'She'll probably be leading some significant portfolio from the White House, the way that Vice President Biden did in the Obama White House.'

How will Biden deal with Iran?

How will Biden deal with Iran?

Rediff.com3 Dec 2020

The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.

Neera Tanden credits Indian mother for realising American Dream

Neera Tanden credits Indian mother for realising American Dream

Rediff.com2 Dec 2020

Indian-American Neera Tanden, who has been nominated as the director of the Office of Management and Budget by US president-elect Joe Biden, on Tuesday shared the inspiring story of her mother who immigrated to the US from India.

'Mood toward China has changed in Washington'

'Mood toward China has changed in Washington'

Rediff.com25 Nov 2020

'There is little appetite in the Democratic foreign policy establishment to pick a fight with India.'

Election's over: Biden after Trump allows transition process

Election's over: Biden after Trump allows transition process

Rediff.com24 Nov 2020

Biden's Twitter statement came hours after incumbent President Donald Trump, a Republican, finally agreed that the presidential transition process should start, after weeks of wrangling.

Covid-19 impact: Textile, paint makers roll out antiviral layer to ads

Covid-19 impact: Textile, paint makers roll out antiviral layer to ads

Rediff.com24 Nov 2020

Almost each of these companies has a different technology to show for the effectiveness against microbes.

No shutdown, Biden insists on national mask mandate

No shutdown, Biden insists on national mask mandate

Rediff.com20 Nov 2020

Biden said he would follow the science. "I am not going to shut down the economy period. I am going to shut down the virus," he asserted.

Pfizer moves US court against Aurobindo, Dr Reddy's over cancer drug

Pfizer moves US court against Aurobindo, Dr Reddy's over cancer drug

Rediff.com17 Nov 2020

Pfizer Inc and its group companies filed a petition in a US court against Aurobindo Pharma Ltd and Dr Reddy's Laboratories alleging that the Indian drug-makers were planning separately to come out with generic versions of its blockbuster multi-billion dollar drug Ibrance (palbociclib) before expiration of its patent.

Biden's secretary of state will be...

Biden's secretary of state will be...

Rediff.com16 Nov 2020

'Biden's promise of returning to 'normalcy' after Trump appears to mean that the same old politicians, who are responsible for the 'endless wars' in Afghanistan, Iraq and Syria, are being brought out of the woodwork after four years,' notes Ambassador M K Bhadrakumar.

'Under Biden, US-India ties will see new heights'

'Under Biden, US-India ties will see new heights'

Rediff.com16 Nov 2020

'President-elect Biden, in particular, has deep knowledge of, and experience with, dealing with India, serving as a custodian and champion of the relationship long before it was fashionable to do so.'

DOTUS: Bidens to bring back dogs to White House

DOTUS: Bidens to bring back dogs to White House

Rediff.com15 Nov 2020

Trump presidency was the first in more than 100 years not to feature a "first dog". Neither President Trump nor his wife Melania owned any pets.

Joe Biden is no stranger to India

Joe Biden is no stranger to India

Rediff.com13 Nov 2020

The beauty of the relationship between the two countries is that they agree to disagree and perhaps that is the strongest bond between the two governments and their relationships, notes Rup Narayan Das.

'South Asians voted overwhelmingly against Trump'

'South Asians voted overwhelmingly against Trump'

Rediff.com12 Nov 2020

'This election might be the most significant for the community and indicates the possibility of greater engagement.'

We chose to leave darkness behind and step into the light

We chose to leave darkness behind and step into the light

Rediff.com12 Nov 2020

We cannot simply bhangra off into the sunset. But we should take a moment to celebrate. A long, historic, poignant moment. This election is a Big. Freaking. Deal. For our country, our futures, our children, our spirits, notes Pia Padukone.

Biden: No cause to worry for India

Biden: No cause to worry for India

Rediff.com12 Nov 2020

Washington might occasionally make some noises about alleged human rights violations and related issues but commonality of interests will only see the Indo-US ties grow stronger, observes Virendra Kapoor.

US: Blue and White or Inclusive Nation?

US: Blue and White or Inclusive Nation?

Rediff.com11 Nov 2020

Biden and Harris are the leaders we need at this time to do the painful but necessary work of creating a more inclusive -- and united -- nation, points out Murali Kamma.

'The biggest winners are Indian Americans'

'The biggest winners are Indian Americans'

Rediff.com11 Nov 2020

'This year felt different -- and was different.' 'For the first time, the Indian American voter seemed to matter.'

What the world expects from Biden

What the world expects from Biden

Rediff.com11 Nov 2020

It would be a huge achievement if the new administration manages a successful transition to some sense of domestic and international normalcy in these frantic times marked by the pandemic and rise of illiberal regimes across the world, observes Shreekant Sambrani.

Trump not conceding is an embarrassment, says Biden

Trump not conceding is an embarrassment, says Biden

Rediff.com11 Nov 2020

Responding to questions from reporters on Trump not conceding the race, Biden hoped that at the end it's all going to come to fruition on January 20th.

Will Kamala Harris spell trouble for India?

Will Kamala Harris spell trouble for India?

Rediff.com11 Nov 2020

Events in America have strengthened the hand of those leaders there who wish India well, but think of India as being a collection of Indians.
If Indians are mistreated, they will object, asserts Aakar Patel.

America can finally heal from the pain of the past 4 years

America can finally heal from the pain of the past 4 years

Rediff.com10 Nov 2020

The road will be difficult but I know Joe Biden and Kamala Harris will lead us all together to a better future. I am so proud to share this historical moment with my children. And I invite all Indian Americans to join me, says Rupa Kale.

Biden doesn't have a magic wand

Biden doesn't have a magic wand

Rediff.com10 Nov 2020

But his nature, temperament, his skill to listen to others, and empathise with their pain and hardships will make him a far better president, a leader America has been longing for four years, notes Aseem Chhabra.

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