Vedanta reports net loss of Rs 19,228.12 cr in Q4
Vedanta Ltd Wednesday reported a consolidated net loss of Rs 19,228.12 crore in the quarter ended March 31 due to impairment charge relating largely to Cairn India acquisition goodwill.
Apr 29, 2015, 22:05 PM IST
Rs 20K crore tax calculated on wrong principles: Cairn to HC
Cairn India on Wednesday told the Delhi High Court that the Rs 20,495 crore demand slapped on it by the Income Tax department has been calculated on "wrong" principles and it would come to around Rs 5000 crore.
Apr 29, 2015, 19:33 PM IST
Cairn reports biggest loss of Rs 241 cr in Q4
This is the first loss that the company suffered since reporting Rs 13.9 crore loss in October-December quarter of 2007.
Apr 23, 2015, 21:26 PM IST
What security can you give on Rs 20K cr tax demand: HC to Cairn
Delhi High Court today asked Cairn India how it would secure the Rs 20,495 crore demand slapped by the Income Tax department for its alleged failure to pay tax on gains made by its former parent company, Cairn Energy Plc, in a share transfer transaction eight years ago.
Apr 16, 2015, 23:45 PM IST
Cairn India takes authorities to court over $3.3 billion tax demand
Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a USD 3.3 billion tax demand from Indian authorities related to its listing in 2007.
Apr 07, 2015, 10:29 AM IST
Cairn India moves Delhi HC against Rs 20,495 crore tax demand
Cairn sought directions to the tax authorities not to take any coercive steps against it for recovery of the demand.
Apr 06, 2015, 20:29 PM IST
Cairn to treble gas production from Rajasthan block by 2018
Cairn India plans to treble natural gas production from its predominantly oil-rich Rajasthan block to 3 million standard cubic meters per day by mid-2018.
Apr 05, 2015, 15:45 PM IST
Vedanta slaps Notice of Claims on Government
Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India.
Mar 27, 2015, 21:22 PM IST
Cairn Energy seeks compensation from India on tax demand
I-Tax Department says Cairn Energy allegedly made a capital gain of Rs 24,503.50 crore in 2006 while transferring all its India assets to a new company, Cairn India.
Mar 24, 2015, 13:52 PM IST
Cairn's tax liability credit negative for Vedanta: Moody's
I-T Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by Cairn Energy eight years ago.
Mar 17, 2015, 14:37 PM IST
Cairn tax demand has not reduced investors' enthusiasm:Jaitley
Finance Minister Arun Jaitley today rejected suggestions that the huge retrospective tax demand on Cairn India has overshadowed enthusiasm in the Indian economy and said it is a "legacy" issue that has to be sorted through legal process.
Mar 14, 2015, 20:28 PM IST
Cairn tax case won't derail investor confidence in India: UK
A minister in the UK Treasury has said that the dispute surrounding the USD 1.6 billion tax bill imposed on Scottish oil major Cairn Energy by Indian authorities will not affect UK investor confidence in India.
Mar 13, 2015, 23:26 PM IST
Cairn India shares slip as I-T Dept slaps Rs 20K cr tax demand
Shares of Cairn India Ltd fell by as much as 3.5 percent as the Income Tax Department has slapped a Rs 20,495 crore tax demand on the company for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction about eight years ago.
Mar 13, 2015, 19:31 PM IST
Cairn India gets Rs 20,495 cr tax notice from I-T Department
Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction about eight years ago.
Mar 13, 2015, 17:22 PM IST
Cairn India gets $3.3 billion tax demand days after ex-parent contests own bill
Cairn India Ltd, a unit of London-listed Vedanta Group Plc, said it received a demand of about 204 billion rupees ($3.26 billion) from the Indian tax office on Friday in relation to the 2007 listing of the company.
Mar 13, 2015, 15:58 PM IST
Cairn India slapped with Rs 20,495 crore tax demand
Cairn India said it does not agree with the tax demand and will pursue all possible options to protect its interest.
Mar 13, 2015, 10:59 AM IST
Cairn files notice against India in $1.6 billion tax dispute
The dispute notice was filed under the terms of a UK-India Investment Treaty, meaning the Indian government and Cairn will start negotiations to find a resolution to the dispute, Cairn said.
Mar 11, 2015, 16:17 PM IST
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 IST
Cairn Energy lays off 40% staff following India tax dispute
Cairn has laid off 100 employees across the board as a cost cutting measure, company sources said.
Feb 23, 2015, 15:26 PM IST
Cairn India may spend Rs 13,000 cr on KG-Basin block
Cairn India may spend Rs 13,000 crore in developing an oil and gas block in Krishna-Godavari Basin over a period of time even as it geared up to undertake drilling of 64 exploratory and appraisal wells in that block.
Feb 08, 2015, 21:50 PM IST
