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Cairn Energy Plc

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Cairns accepts India's $1bn refund offer, to drop cases, says CEO

UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund......

Govt agrees to Air India employees' main demands

Tata Sons is the front runner to take over the national carrier, which has accumulated losses of over Rs 70,000 crore till March 31, 2020. The central government has agreed in-principle to Air......

Retro tax settlement with Cairn may hinge on Vedanta case

India lost the international arbitration with Cairn Energy at The Hague in December and the former was given an award of $1.2 billion. The Union government’s offer of settling the......

India asks US court to reject Cairn's $1.2 bn suit

The Indian government has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award, saying it had sovereign immunity under US......

Rules on retro tax to be framed soon: Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the rules that will lead to scrapping of the retrospective tax demands made on companies such as Cairn Energy Plc and Vodafone Plc will be framed......

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