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Retrospective tax

02 Oct 2021

Retro tax settlement: Cairn, Vodafone, others to wait 5 months to get refund

Repayment will take a minimum of 2-3 months. Companies will have to withdraw pending litigations against the Indian government.

11 Apr 2019

Vedanta-led Cairn India CEO, CFO quit firm

Mathur is the fourth CEO to have quit the company since Vedanta completed the acquisition of Cairn India in December 2011.

02 May 2018

ONGC bids for 37 oil blocks, Cairn 55 in 1st OALP round

As many as 110 bids had been received, the Directorate General of Hydrocarbon (DGH) tweeted.

Cairn Energy Plc

22 Aug 2017

Cairn adds another $249 million to compensation claim from India

British oil explorer Cairn Energy plc has added another USD 249 million to the compensation it is claiming from India after the government set off a tax refund due to it to settle part of a retrospective tax demand.

23 Jul 2017

31 held as syndicate that stole oil worth crores from Cairn India's oildfield busted

The Rajasthan police have claimed to have busted an inter-state syndicate that allegedly stole crude oil worth crores of rupees from Cairn India's oilfield.

Cairn tax dispute

19 Jun 2017

Cairn tax dispute: I-T dept orders recovery of Rs 10,000 crore

The Income Tax Department has ordered coercive action against Cairn Energy Plc to recover Rs 10,247 crore of retrospective tax after the British oil firm lost a challenge to the move before an international arbitration panel.

15 May 2017

Vedanta Ltd Q4 net profit grows 3.4 times to Rs 2,971 crore

Metal and mining conglomerate Vedanta Ltd on Monday saw its consolidated net profit jump over three fold to Rs 2,971 crore for the fourth quarter to March on the back of higher income.

01 May 2017

Cairn accuses finmin official of ordering dividend freeze

British oil firm Cairn Energy plc has accused a senior finance ministry official of "privately" advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.

20 Apr 2017

United Spirits, Cairn to move out from Sensex Next 50 index

Sensex Next 50 index measures the performance of the subsequent 50 largest index-eligible stocks outside the BSE Sensex 50.

11 Apr 2017

Vedanta completes Cairn merger

The merger of cash-rich oil producer Cairn India into its debt-ridden parent Vedanta Ltd is now complete, the two firms announced on Tuesday.

28 Mar 2017

Cairn-Vedanta merger: All approval in place barring RBI

Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.

Income Tax department

08 Mar 2017

I-T dept lifts freeze on Cairn dividend payout, stake bar stays

The tax department has agreed to lift the freeze on British oil explorer Cairn Energy being paid dividend by its erstwhile subsidiary Cairn India, but it still cannot sell the residual stake pending a tax dispute.

19 Feb 2017

Vedanta to invest $10 bn on expanding business

Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company's Chairman Anil Agarwal said.

07 Nov 2016

Cairn India PSC extension: HC directs govt to decide within 2 months

Delhi High Court Monday directed the government to positively take a decision within two months regarding extension of a production sharing contract (PSC) it has with Cairn India, a subsidiary of UK-based Vedanta group, to produce oil from a Rajasthan block till 2020.

03 Nov 2016

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

In a setback to energy firms like ONGC and Cairn India, the government will from this fiscal levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.

18 Oct 2016

Delhi HC dismisses Cairn India's plea for export of excess crude

Delhi High Court on Tuesday dismissed a plea filed by UK-based Vedanta group company, Cairn India Ltd, seeking permission to export excess crude from its Barmer oil field in Rajasthan.

16 Oct 2016

'Quarterly earnings of UltraTech, HCL, Cairn India to dictate stock market trend this week'

Quarterly earnings from bluechips Reliance Industries and Wipro would largely influence market trend this week in the absence of any major domestic triggers, say experts.

10 Oct 2016

Cairn India oil and gas output drops 4% in Q2, 2016

Cairn India today reported a 4 percent drop in its oil and gas production during the second quarter ended September 30 after eastern offshore Ravva field output dipped by more than a quarter.

Vedanta Resources

02 Oct 2016

Vedanta pays over Rs 13,300 crore in royalties, taxes to India in FY16

Mining giant Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.

25 Sep 2016

Cairn to spend $150 million on 10 exploratory wells in Andhra Pradesh

Cairn India will be taking up exploratory and appraisal drilling of ten wells in Palar block at the coast in Nellore district Andhra Pradesh with an investment outlay of USD 150 million.

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