I-T Dept slaps $1.6 bn tax demand on Cairn Energy Plc
Income Tax Department Tuesday slapped a Rs 10,247 crore (USD 1.6 billion) tax demand on Cairn Energy Plc, which termed the action as "very disappointing" and said it would contest the order.
Mar 10, 2015, 23:09 PM ISTCairn says working with new govt to resolve tax dispute
Scottish explorer Cairn Energy plc Tuesday said it is working with the newly elected government to resolve a tax dispute that has stalled sale of its 10 percent stake in Cairn India Ltd.
Aug 19, 2014, 17:45 PM ISTCairn Energy reduces staff to stem costs
Cairn Energy Plc said it will trim its business to keep a lid on costs as it continued losing money over the first half of the year.
Aug 19, 2014, 12:50 PM IST