Cairn Energy
I-T Dept serves fresh notice on Cairn for recovery of Rs10,247-cr dues
10 Apr 2017
The tax demand was raised on the basis of a retrospective amendment made to the income tax act in 2012
ITAT upholds Rs10,247-cr capital gains tax demand on Cairn
11 Mar 2017
Cairn floated several layers of companies and transactions with the specific intent of evading tax in the sale transaction, alleges the I-T department
Cairn India shareholders agree to merger with Vedanta
13 Sep 2016
Financial institutions, including Life Insurance Corporation of India holding about 12.63 per cent of Cairn India shares, did not vote at the court-convened shareholders meet on Monday
Cairn India, Vedanta sweeten merger deal for shareholders
23 Jul 2016
The shareholders of Cairn India will now get one share in Vedanta and minority shareholders will get an additional four Redeemable Preference Shares in Vedanta with a face value of Rs10 for every share held by them
Cairn India says India investment plans intact
22 Jul 2016
Cairn India expects to merge with Vedanta by fiscal-end
22 Jul 2016
The merger of Cairn India Ltd with Vedanta Ltd was planned in June last year, but was held up opposition from minority shareholders
Cairn India chief executive Mayank Ashar quits
21 May 2016
Jaitley unfazed by Cairn suit for $1 bn damages
20 Jan 2016
Cairn Energy may join LIC to vote against Vedanta-Cairn India merger: reports
23 Jul 2015
Cairn Energy Plc is set to vote against Vedanta Ltd's $2.3-billion buyout offer for Cairn India's minority shareholders
Vedanta annexes Cairn India in $2.3-bn all-stock deal
15 Jun 2015
The merger will help debt-laden Vedanta to use debt-free Cairn India’s cash reserves of over Rs16,800 crore to part pay its Rs37,636 crore debt
Now, Cairn India hit with Rs 10,247-cr tax notice
13 Mar 2015
Despite the government’s promises to ease up on retrospective taxation, Cairn energy and its arm Cairn India have been slapped with notices cumulating to over Rs30,000 crore
Cairn files dispute notice over India’s Rs10,000-cr tax demand
11 Mar 2015
The tax demand relates to transactions carried out to reorganise Cairn's structure to prepare for Cairn India Ltd's stock market flotation in 2007
Cairn India to cut 40% jobs amidst tax dispute, oil price fall
23 Feb 2015
Cairn said it has been hit by financial constraints of a bar on transfer of assets in India worth $1 billion and the impact of a sharp fall in global oil prices
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
