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Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
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.
Ceat, the country's fourth biggest tyre producer, is charting expansion plans for the international market, with launches planned in various countries, including the US, the world's biggest tyre market.
Diego Maradona's Argentina lit up the World Cup with its first hat-trick on Thursday while fellow Latin Americans Mexico humiliated European heavyweights France in a comfortable 2-0 win.
Pawar on a tour to the three Latin American countries, including Mexico and Argentina, will meet representatives of the sugar and the ethanol industries.
Setting up business in China has never been easy, with the constraints such as language, vast differences in cultural experiences and a form of government radically different from most of the western and Latin American countries where Indian businesses have firmly established themselves.
The establishment of the El Paso site follows Patni's recent move to open a nearshore center in Queretaro, Mexico.
Spanish-language writer Gabriel Garca Marquez was born on March 06, 1927.
Corruption continues to be the bane of modern India and threatens to derail its rapidly growing economy.
The cola wars will no longer be restricted to Coke and Pepsi, with their Latin American competitor Ajegroup setting up shop in India.
So Germany and Spain made it to the World Cup semi-finals at the cost of a powerful Argentina and a fighting Paraguay respectively.
This is the first time the Union government will be taking the help of foreign experts for slum development, according to sources in the ministry of housing and urban poverty alleviation.
Asia's last survivors Japan face Paraguay and Spain assault the so far impregnable defence of Iberian neighbours Portugal on Tuesday as the last two World Cup quarter-final berths are decided.
Leading Internet firm rediff.com India has won a cyber-squatting case against a Latin American entity for unauthorised use of a "confusingly similar" domain name.
Brazil gave a glimpse of the Latin American flair they will bring to the World Cup in South Africa with a 3-0 warm-up win over Zimbabwe on Wednesday, a victory tempered by an injury to goalkeeper Julio Cesar.
This comes in the backdrop of declining demand from traditional export markets like the US and Europe due to the ongoing global economic crisis. The increase in allocation to MDA and MAI would be mainly towards developing nations like Brazil and South Africa.
Get ready to watch this gorgeous debutante on the big screen.
India is all set to get a seat on the Security Council as a non-permanent member after a gap of 19 years through the elections to be held on Tuesday in the United Nations General Assembly.
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.
It offers a lot of opportunities, especially in the commodities market.
Here's a look at some hot Latin women making Indian audiences drool.
The facility will extend the firm's Latin American presence. Genpact will provide services to GE Money from this facility. The facility was officially opened in July by GE Money and BAC/Credomatic. The centre will initially accommodate more than 700 professionals and has the capacity to grow to approximately 2,000.
Uruguay secured a place in the second round of the World Cup finals for the first time since 1990 when they beat Latin American rivals Mexico 1-0 on Tuesday.
Mexico's attacking flair has been clearly on display at this World Cup so all eyes will be on their tactics against Uruguay on Tuesday when a point will see them into the last 16 and a possible clash with Argentina.
Brazil dented more African hopes in the World Cup on Sunday by outclassing Ivory Coast to sweep into the second round.
We need fresh perspectives to assess our financial vulnerability.
Further, as a part of its continued expansion plan across Latin America, TCS has set up its delivery centre in Argentina. This is the eighth centre for the company in the region at a cost of $2 million (around Rs 10 crore). The centre, spread over 10,000 square metres, will initially employ 250 professionals, but has the capacity to house 1,000 people.
Infosys has opened its first Latin American developmental centre in Mexico.
At a luncheon meeting with apex business chambers in New Delhi, visiting Chilean President Michelle Bachelet said her country was keen on promoting the preferential trade pact with India to a full-fledged free trade agreement. The two countries have agreed to take steps for doubling the bilateral trade, which was a mere $2.09 billion in 2007-08.
Then, you might want to make plans to move to Latin America. According to the Happy Planet Index, published recently by the New Economics Foundation, Latin American countries have high scores when it comes to happiness.
Welcoming President Pratibha Patil on her three-day state visit to this Latin American country, Chilean President Michelle Bachelet said India should become a permanent member of the UN Security Council. She said that Chile wanted a more transparent Security Council. The comments from the Chilean President came after the signing of four agreements with the visiting President.The two leaders discussed international affairs during their one-to-one meeting.
The subsidiary, Infosys Technologies S. De RL De CV, will provide business consulting and information technology services for clients in all industries
Pharmaceutical company Strides Arcolab said on Friday it has inaugurated its sterile injectable facility at Compos in Rio de Janeiro, Brazil.
Trade Missions between India and US will rise in the next few months with more and more US companies scouting for business opportunities in India.
Former Chile and Lazio striker Marcelo Salas, who scored a record 37 goals for his country, has retired at the age of 33. Former Latin American Player of the Year Salas began his career at Universidad in 1994 before joining Argentina's River Plate in 1996.
Enhancing its product portfolio in the Latin American market, homegrown auto major Mahindra & Mahindra launched its sports utility vehicle Scorpio SUV in Chile.The Scorpio, M&M's second product to be launched in Chile after the Mahindra Pik Up Double Cab, has been introduced in the country in partnership with Fortaleza of the Automotores Gildemeister Group.
"I met a warm person and a close friend. I availed of the opportunity to compliment Bachelet on the distinction of being the first executive woman President of this great country. Her commitment to democracy and social justice stands out. I have conveyed an invitation for her to visit India and I am very pleased that she has accepted," a smiling Patil said after meeting the socialist leader on Monday.
Soon after paying her tributes, the President posed for photographs with children and gladly interacted with media persons.