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The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders. The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.
Following a go-ahead from the Court, the two entities have put in place a mechanism to auction these properties.
French dairy major Groupe Danone and Mumbai-based Wadia Group on Tuesday gave the finishing touches to a pact to end their 13-year-old joint venture for running Britannia Industries, India's largest food products firm. With it, they buried their bitter intellectual property disputer over the Tiger brand.
Dubai, Singapore, London are the top overseas markets for Indians
Sources said the panel has also recommended that boys and girls will have equal inheritance rights, registration of marriages will be made mandatory and the marriageable age for girls would be increased so that they can become graduates before marriage.
Gulab Singh Shaheen in a video said that on Tuesday he was evicted by the Evacuee Trust Property Board, the parent body of Sikh Gurudwara Prabandhak Committee from his home in Lahore's Dera Chahal village, which is situated about 28 kilometres from Lahore.
A senior Crime Branch official has ruled out the involvement of the underworld in the threats, saying the calls were believed to be the outcome of some property dispute.
Maharashtra recorded the highest number of cases in the country under the Indian Penal Code (IPC) in 2021 at 3,67,218, while Mumbai was placed second among major metropolitan cities in registration of criminal offences, according to a National Crime Records Bureau (NCRB) report.
Gawli has been charged with assualt on NCP leader Sunil Rane.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
Parisian serial killers. Teen doctors. Desi ghostbusters. Potluck parties. Sukanya Verma suggests everything you can catch on OTT this week.
Six policemen were injured as a group of Dalits allegedly indulged in arson and violence in Kamptee near Nagpur, prompting police to clamp indefinite curfew on Tuesday.
The gruesome murders are suspected to be fallout of a bitter property dispute.
The Telecommunications Bill, 2023, which was passed by a voice vote after a short debate, also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety.
NRI steel tycoon Lakshmi Mittal has lost a long-running dispute with his neighbour, a member of the Saudi Arabian royal family over construction of a new block of flats.
Barely a month after former Prime Minister V P Singh died, a dispute among his family members over inheritance of ancestral property has come to light.
The incident took place when the policemen went to arrest some Nihangs (Sikhs armed with traditional weapons) in Sultanpur Lodhi in a case registered against them, said a senior police official over the phone.
The complaint in the murder case was registered by the brothers of the deceased in which Thakur's name did not figure.
Without naming his predecessor Uddhav Thackeray, Maharashtra Chief Minister Eknath Shinde on Friday launched a scathing attack on him, stating that it must be found out who betrayed the people's mandate, Bal Thackeray's ideology and an ally of 25 years.
Party insiders concede statements of the Raja kind have the potential to hurt the DMK's electoral chances in closely-fought seats in 2024, observes N Sathiya Moorthy.
Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around Rs 4,000 crore of personal capital into the company in recent months. This move comes as the company grapples with challenges, including securing fresh capital, delays in financial reporting, and legal disputes with lenders. "Raveendran has pledged personal property to assist the company in dealing with the crisis. "He conveyed to employees that despite perceptions of being a billionaire, he has reinvested a major portion of his wealth back into the company," said a person familiar with the matter.
Ali Mohammed, accused of raping his daughter-in-law Imrana, has claimed that he was falsely implicated in the matter because of a property dispute.
The HC confirmed the sentence given to the three by a city court.
At the reserve price, these auctions will take the total fund raising to at least Rs 3,100 crore (Rs 31 billion).
The 55-year old man got angry during the proceedings and after coming out from the court, took out his rage on the judge's car that was parked inside the Thiruvalla court complex here on Wednesday.
Today, with the Lok Sabha polls only months away, any inter-state dispute over the Cauvery water dispute has the potential to take more political turns than otherwise, predicts N Sathiya Moorthy.
The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is undergoing an insolvency resolution process.
The Madras high court on Wednesday set aside the proceedings of the Tamil Nadu revenue department locking and sealing the All India Anna Dravida Munnetra Kazhagam headquarters in Chennai following the July 11 violence, and directed that the keys of the office be handed over to party chief K Palaniswami.
Responding to a question, he said, "It may also deal with fake news, though there is no specific mention in this regard."
On Monday, a new chapter will be written in Ayodhya's and the country's history with the consecration ceremony at the newly-built Ram temple which will be attended by Prime Minister Narendra Modi and over 7,000 guests.
Chandrakant Patil also took a swipe at Uddhav for accusing Eknath Shinde of stealing the legacy of Bal Thackeray.
The Supreme Court on Monday directed the Chief Justice of the Allahabad high court to nominate two additional district judges within ten days as observers to deal with the upkeep and maintenance of the disputed Ram Janmbhoomi-Babri Masjid site in Ayodhya.
The Karnataka legislative assembly on Monday passed a unanimous resolution condemning the recent defacing of Shivaji Maharaj and Sangolli Rayanna's statues and burning of Kannada flag, and said such incidents will be considered as an act of sedition and strict action will be taken against those involved under 'Goonda Act.'
Keep revising the sum insured at the time of renewal to keep it in line with inflation.
'Over 200 of Australia's most senior cricketers are unemployed as of the 1st of July'
The apex court said the faith of Hindus that Lord Ram was born at the site was undisputed, and he is symbolically the owner of the land.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.
