Vedanta may become a majority stakeholder in Cairn India.
Finance Minister Arun Jaitley, in his Budget speech on Monday, announced a new dispute resolution mechanism for such companies who are in confrontation with the taxman's action.
The panel, however, set some conditions for the company, including that Cairn India will have to upload the status of environment compliance, including results of monitored data, on its website and update it periodically.
Former New Zealand all-rounder Chris Cairns has reportedly been interviewed by British police in London regarding their investigation into allegations of corruption and match-fixing.
Vedanta to file notice of claim in Cairn India tax case.
Cairn Energy of UK is seeking compensation from the Government of India.
Cairn tax demand has not reduced investors' enthusiasm: Jaitley
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Cairn India said it has always been fully compliant with all Indian income tax laws.
Cairn joins a slew of multinational firms including Vodafone Group Plc and Royal Dutch Shell Plc that have been slapped with retrospective tax demands by Indian authorities.
Cairn files notice against India in $1.6 billion tax dispute.
The company has not been able to sell its 9.8% stake in Cairn India
New Zealand Cricket have promised to support Brendon McCullum after former Test all-rounder Chris Cairns was acquitted of perjury in London despite evidence given against him by the Black Caps captain.
India has challenged in a Singapore court a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, sources said on Thursday. An international arbitration court had on September 25 rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. Two sources privy to the development said India had 90 days to file an appeal against the tribunal award, and the same was done in a Singapore court earlier this week.
British telecom giant Vodafone Group plc on Friday won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation.
The likes of Microsoft and Cohesity have offered crore plus salaries to some students.
Former New Zealand captain Chris Cairns was charged in a north London police station on Thursday with perverting the course of justice.
Former New Zealand all-rounder Chris Cairns said that Sachin Tendulkar should continue playing Test cricket for another year to groom Virat Kohli as a leader and other youngsters.
Former New Zealand cricketer Chris Cairns expects to be charged with perjury this month by British authorities and will travel to Britain to defend himself, the player said on Friday.
As the government began consultations with stakeholders on raising gas prices, gas producers and consumers met a committee of secretaries separately with their pleas on the issue.
Firm to continue to press ahead with arbitration challenging new law on the tax, will seek $1 bn in damages
Cairn's contractual term for exploring and producing oil from the Rajasthan Block RJ-ON-90/2 expires in 2020 and the area is to return to the block licensee, ONGC.
After news of Lou Vincent's ex-wife's match-fixing testimony came out, former New Zealand Test cricketer Chris Cairns has continued to stay firm on the stand that he is innocent.
Former New Zealand all-rounder Chris Cairns has denied allegations that he is the name identified as 'Player X' by current captain Brendon McCullum and former batsman Lou Vincent, following a report that 'the net is closing' around a big name in the game.
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Cairn India said the company board has accepted Elango's resignation.
Former New Zealand Test cricketer Chris Cairns has confirmed that he is under investigation by the London Metropolitan Police and the International Cricket Council's anti-corruption unit, although he says he does not know why.
The company faces a potential tax demand.
AG is of the view that there is no point in dragging the matter further when it has already been "struck down" by one international forum, and also by the top Indian court.
The company made the announcement on Tuesday as it reported a 2013 loss of $556 million after costs for unsuccessful exploration in Morocco and the North Sea soared.
Former New Zealand all-rounder Chris Cairns went on the front foot over ongoing match-fixing allegations, and rounded on former teammates and high-profile officials, including the legendary Richard Hadlee.
The Income Tax department, which is probing Cairn Energy plc's transfer of India assets, has asked the UK-based company not to dispose of its 10.3 per cent holding in Cairn India.
The exploration company will buy back shares from January 23 and extinguish them.
'It's something the ICC will have to weigh up in whether the tournament goes ahead. Will every team in the competition have the opportunity to prepare adequately for a World Cup? There are still a few teams that have to go through the qualifying process so I'm not sure how that will pan out.'
Former New Zealand all-rounder Chris Cairns said on Monday he had engaged lawyers after being linked to a match-fixing probe, even though investigators had still not contacted him, according to reports.
Former New Zealand all rounder Chris Cairns challenged ICC to contact him directly after being linked with match-fixing allegations and lashed out at media for maligning his name.
The government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday. Mining-to-oil conglomerate Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government's 52.98 per cent stake in BPCL. The other two bidders are said to be global funds, one of them being Apollo Global Management.
In all, 61 companies have been pre-qualified to bid for 11 shallow water and 19 deepwater blocks in an international tender, according to Myanmar's Energy Ministry.
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The investment will be fully funded from the firm's cash resources and will target adding 530 million barrels of oil to its reserves.
Fixed deposits can fetch 9-9.5% interest versus 3.5% to be received by Cairn, say institutions.
The Centre and Oil and Natural Gas Corporation's decision on the $-8.5 billion deal was taken after due deliberation, the apex court said.
The company is looking to invest more than $3 bn over the next three years.
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