A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of $1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute. The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. 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.
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 law. Cairn had in May asked a US federal court to force Air India to pay a $1.26 billion arbitration award the firm had won in December. The government on August 13 filed a 'Motion to Dismiss' petition in the US District Court for the District of Colombia, saying it lacked subject matter jurisdiction in the dispute between Cairn and the Indian tax authority, according to a filing seen by PTI.
BWF said that Finland will host the Sudirman Cup Finals in September-October while the season-ending World Tour Finals will be staged in Indonesia.
'It was of course very, very difficult, especially in the second half. We saw the temperature on the building, so maybe every 10K it was one degree higher and higher.'
When humanity's away, the animals will play. With much of the world driven indoors to quarantine during the coronavirus pandemic lockdown, some species not often seen -- or, at least, rarely in such large numbers, and certainly not against such empty backdrops -- are exploring cities across the globe. We must sadly report that though there have been many circulating on social media, many of these optimistic posts have turned out to be fake -- there were no dolphins in Venice's celebrated canals, or drunken elephants ambling through China's Yunnan province. However, there are some other instances where animals have, in fact, come out to explore city streets.
Images from Day 2 of the French Open matches played at Roland Garros on Monday
If "luxury on wheels" were an official title, it would go to the Venice Simplon-Orient Express. Here's a glance at the train.
The 22-feet tall eco-friendly idol is made entirely of clay.
Brazil forward Neymar has been ruled out of the Copa America after suffering a serious ankle injury in a 2-0 friendly win over Qatar.
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
Bengaluru has emerged as the world's fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris, with India's financial centre of Mumbai in sixth place, according to new research released in London on Thursday.
However, while the capacity void in the domestic market has been filled, a vacuum still remains in international connectivity, especially on the India-Europe and onwards route, which was well connected by Jet Airways via the Boeing 777, Airbus A330 aircraft and its hubs in Paris and Amsterdam.
Cherif Kouachi and Said Kouachi, the two brothers suspected of having attacked the satirical magazine Charlie Hebdo killing 12, were spotted in northern France on Thursday.
Maan Kunwar, from the historic city of Jhansi in Uttar Pradesh, is being hailed as the "Rani of Jhansi" because of her indomitable spirit.
Around 15 years ago, when Reliance Industries (RIL) struck natural gas in the Krishna-Godavari (KG) basin off the east coast, the government made plans to supply that fuel cheaply to scores of generators that sprang up in India triggered by the discovery. Most of the plants, which account for 6 per cent of India's total generation capacity, operate sparsely after the KG-D6 area first failed to meet production targets, and then finally shut shop. Affordable domestic gas was why those thermal plants came up and the rate of the fuel today is why those generators hardly operate. Record liquefied natural gas (LNG) rates may yet again unravel India's ambitions to expand use of gas in industries, households and vehicles. Rates, while volatile, may stay strong this decade as developed nations with higher purchasing power embrace gas as the transition fuel.
World leaders said they were looking forward to working with Joe Biden, as they welcomed the 46th President of the United States with praise and took parting shots at his predecessor Donald Trump.
More than 86,000 people worldwide have been infected with the novel coronavirus and the global death toll is nearing 3,000. To try to prevent the spread of the virus, local governments have been closing tourist attractions that normally draw large crowds. World-famous destinations such as the Great Wall of China and the Venetian canals resemble ghost towns. As new coronavirus cases are confirmed daily, more closures and cancellations are expected. For the most up-to-date information on the status of an attraction or event, check the institution's or event's main web page.
The parade is to take place in November, most likely on Veterans Day (November 11).
Neymar overtook Ronaldo and moved into second place behind Pele on Brazil's all-time goalscoring list after notching a hat-trick in a 4-2 victory over Peru on Tuesday in a World Cup qualifier.
The official data maintained by the Centre-run System of Air Quality and Weather Forecasting And Research put the condition at severely polluted. The Particulate Matter 2.5 level was recorded at 146 while the PM 10 was at 233 in New Delhi.
With some clubs having played 27 games and others 28, the LFP drew the standings according to a performance index - the number of points per game weighed by head-to-head record.
Three months after a fire ravaged the Notre Dame cathedral in Paris, a rare glimpse inside the burned masterpiece revealed it to be eerily empty and with rubble still littering the nave.
'Every religion is sacred and beautiful. There's no reason for people to hate each other because they practise different faiths.'
The warmest six years have all been since 2015, with 2016, 2019 and 2020 being the top three. The differences in average global temperatures among the three warmest years are indistinguishably small. The average global temperature in 2020 was about 14.9C, 1.2 ( 0.1) C above the pre-industrial (1850-1900) level.
Barcelona and Argentina striker Lionel Messi dethroned five-division boxing world champion Floyd Mayweather as the highest paid athlete over the past year.
The reduction of tension on the Chinese border may have reduced the urgency of a Biden-Modi meeting, but the sooner Modi starts a bromance with Biden the better as he had done with Obama and Trump, suggests Ambassador T P Sreenivasan.
There are no Jet flights to and from Kolkata, Patna, Guwahati and other airports in the region. It also cancelled flights to London, Amsterdam and Paris from Mumbai, New Delhi and Bengaluru scheduled for April 12.
Pakistan is on the verge of strong action by FATF, given its inadequate performance, whereby it managed to pass in only six of 27 items, an official privy to the development said.
Roma teenager Afena-Gyan plays down apparent racist remark.
The Paris 2024 organising committee in February proposed surfing, skateboarding and sport climbing as well as breakdancing for inclusion in the Games.
Trump was good for world peace. He didn't start a war anywhere, which is not something that can be said for most of his predecessors, observes Ambassador M K Bhadrakumar.
10 things you need to know about the life of Liliane Bettencourt.
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.
Air travel by the top 20 footballers nominated for the 2019 Ballon d'Or was responsible for producing 505 tonnes of carbon dioxide (CO2) emissions this year alone, according to a climate change researcher.
Prime Minister Narendra Modi on Monday gave a clarion call for a "global people's movement" to bring about a behavioral change to deal with climate change as he made a path-breaking pledge to more than double India's non-fossil fuel target to 400 gigawatts.
Lionel Messi still wishes to leave Barcelona after meeting new coach Ronald Koeman, according to reports in the Spanish media on Friday, as all four sports newspapers dedicated their front covers to the Argentine's uncertain future.
The government, however, dismissed allegations of any kind of surveillance on its part on specific people, saying it 'has no concrete basis or truth associated with it whatsoever'.
Before joining national camp in early 2015, he was training at Tau Devi Lal Stadium at Panchkula after being shifted from Shivaji Stadium at Panipat.
World number one Andy Murray is battling to recover from illness before the French Open begins on Sunday.
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