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.
Chile face Argentina in Sunday's Copa America final for the right to call themselves South America's dominant team but perhaps an even bigger question for football fans the world over regards whether Lionel Messi can finally win a major international title. The Barcelona forward has won every trophy possible with the Spanish club but he has lost three finals with Argentina, including in 2014 World Cup Final in 2014 and the Copa America last year. Sunday's game against Chile in New Jersey gives Messi a chance to end both his personal hoodoo and that of Argentina, who have not won a major title since lifting the Copa America in Ecuador in 1993.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
World soccer great Diego Armando Maradona, who died on Wednesday less than a month after his 60th birthday, was worshipped like a god for his genius with the ball, but his demons almost destroyed him.
The prolific striker became the first Indian footballer to score 50 international goals, in his 87th match, when he reduced the margin in the dying minutes as India went down 1-2 to Guam in the 2018 FIFA World Cup qualifier.
The 21-year-old stuttered on the penultimate barrier but surged down the home stretch to power across the line and beat her previous record of 51.90 set at the U.S. trials in June.
Tightening the noose around Lashkar-e-Tayiba, the United States on Wednesday designated the Pakistan-based terror group's student wing Al-Muhammadia Students a terrorist organisation and slapped sanctions against its two top leaders.
Four senior Twitter executives are leaving the media company, CEO Jack Dorsey tweeted late on Sunday night, the biggest leadership changes since Dorsey returned as chief executive as he struggles to revive the company's growth.
AIADMK coordinator O Panneerselvam is said to be upset at his son Raveendranath Kumar, a Lok Sabha MP, being denied a ministerial chance for a second time in a row, beginning with the formation of Modi 2.0 in 2019, reveals N Sathiya Moorthy.
Former India captain Shantha Rangaswamy said that Mithali Raj took the right decision by retiring from T20 Internationals as it will help her focus more on the 2021 ODI World Cup.
Summary of World Cup qualifiers played across the world on Thursday
News of all that's transpired on and off the football field.
The political landscape of Bihar is set to change as the Congress, the Rashtriya Janata Dal and Ram Vilas Paswan's Lok Janshakti Party are in the final stages of putting together an alliance for the Lok Sabha polls.
Germany beat France in a penalty shootout after their thrilling Women's World Cup quarter-final ended 1-1 after extra-time.
One of the main tasks of the SOG is to keep a watch on the movement of foreign nationals in Gujarat.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
EPS' real test will commence with a decision whether or not to patch up with OPS and on what terms -- and then, to decide whether or not to have the BJP for an electoral ally, come 2024, observes N Sathiya Moorthy.
Triumphalism, premature declaration of victory meant no one checked if India had enough vaccines, oxygen, remdesivir, bringing us back to a crisis where we need foreign aid after four decades, asserts Shekhar Gupta.
Japan's Asahi Shimbun, an official partner of the Tokyo 2020 Olympics, called for the Summer Games to be cancelled in an editorial
The circuit agreed last year an extension to cover this year's race, which was held in August and without spectators due to the COVID-19 pandemic, after fears it would drop off the calendar.
Having a single point KYC that is automatically used across all financial and non-financial entities is a single piece of reform that should be an easy win to achieve, points out Harsh Roongta.
The fear that Mamata might snatch the mantle of Opposition leadership which the Gandhis firmly believe to be theirs by birthright seems to have persuaded Sonia and Rahul to give up their hoity-toity ways, observes Virendra Kapoor.
Five police personnel were killed and 13 others injured as Naxals blew up the bus in which they were traveling in Chhattisgarh's Narayanpur district on Tuesday, senior police officials said.
Two Indian-origin students have helped the United States win the prestigious International Mathematical Olympiad after more than two decades.
As far as I'm concerned, we already have won it, Trump said.
The Congress's revival plan says it needs to bring back into its fold Hindus repelled by the Sangh Parivar, take its message to youth and women and sections upset at curbs on their personal freedoms.
There are times in each nation's life when the gods shower their blessings on it. The right leaders are in place and they make the right decisions. Everything seems to click and good luck favours its people. Such times came to this country 50 years ago, recalls Admiral J G Nadkarni (retd).
Among the other names tipped to make it to the Cabinet are Jyotiraditya Scindia, Sarbananda Sonowal, Baijayant Panda.
According to SOP, those testing positive will be isolated in a separate unit of an institutional facility.
In a first among domestic teams in India, Cricket Association of Bengal (CAB) will be conducting mandatory eye tests for its senior and under-23 teams once training camps resumes post coronavirus. This was decided during discussion between the CAB administration and Bengal coaching unit, which felt that often the eyesight gets affected after the cricketers come back from a long lay-off.
The Indian Premier League is not only one of the world's most lucrative annual sporting properties but also among the most durable, with not even the lengthening shadow of the COVID-19 pandemic apparently able to stop the Twenty20 juggernaut.
'It is sad that Kerala had so many Covid patients which is primarily due to the mismanagement of the Left government.' 'The technical committee was full of CPI-M leaders who happen to have medical degrees with no experience in public health.' 'They were advising the CM and we are paying for those mistakes.'
The United States Olympic Committee (USOC) will ask two infectious disease experts to advise potential members of their Rio 2016 Olympic Games team who are concerned about the Zika virus outbreak in Brazil.
The effects of anti-CAB protests in the North East have spilled over to the sports field with Assam and Tripura's Ranji matches suspended, while also forcing the Indian Super League match between NorthEast United FC and Chennaiyin FC in Guwahati to be postponed.
The south Asian country has remained largely starved of international cricket since the 2009 attacks on a bus carrying Sri Lankan cricketers in Lahore, wounding six players and a British coach and killing eight Pakistanis.
Images from Saturday's proceedings at the World Athletics Championships in Doha.
It is likely that the party's allies in Tamil Nadu and West Bengal, two of the five states going to the polls in April-May, might insist on allocating fewer seats than they did in 2016, reports Archis Mohan.
"we're talking about Kashmir and the relation to what's going on with Pakistan and India. And if we can help, we certainly will be helping," the President said.
Trump is widely reviled in Mexico, where his plans for a border wall have been taken as an insult and revived deep grievances over sovereignty and mutual respect that have historically dogged the country's relationship with the United States.
Jabir Moti, 51, who was arrested by Scotland Yard last year, appeared before the Westminster Magistrates' Court in London at the start of his trial.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances