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Key News - IBM, Oar Network, Oil and Natural Gas Corporation Ltd, Cairn Energy By ARETE Securities Key News IBM expands presence in Telangana with new BPO unit at Hyderabad IBM today announced that it has set up a new facility offering clients Business Process Operations consulting from IBM Consulting in Hyderabad, Telangana in India. The expansion is aligned to its global double-digits hiring strategy across its global delivery network. Currently, the India footprint of Business Process Operations from IBM Consulting covers Bengaluru, Gurugram, Noida, Chennai, Pune, Mysuru and Mumb...
Key News - IBM, Oar Network, Oil and Natural Gas Corporation Ltd, Cairn Energy By ARETE Securities
Key News - IBM, Oar Network, Oil and Natural Gas Corporation Ltd, Cairn Energy By ARETE Securities
Source: ARETE Securities Ltd
16/11/2021 9:31:41 AM
Key News - Cairn Energy, Videocon Industries Ltd, TVS Motor Company Ltd, Embassy Office Parks, Piramal Enterprises Ltd By ARETE Securities Key News Cairn Energy to drop cases against India, accepts $1-billion offer Cairn Energy Plc on Tuesday said it was ready to withdraw all cases it had slapped against the Indian government for enforcing a $1.2-billion arbitration award the company had won in December 2020. This is part of the settlement under recent legislation by Parliament. Also, Vedanta, which had bought Cairn Energy’s erstwhile subsidiary Cairn India in 2011, is likely to withdraw arbitration it had filed in ...
Key News - Cairn Energy, Videocon Industries Ltd, TVS Motor Company Ltd, Embassy Office Parks, Piramal Enterprises Ltd By ARETE Securities
Key News - Cairn Energy, Videocon Industries Ltd, TVS Motor Company Ltd, Embassy Office Parks, Piramal Enterprises Ltd By ARETE Securities
Source: ARETE Securities Ltd
8/09/2021 9:35:48 AM
Cairn to return $700 million to shareholders when India tax row resolved Britain's Cairn Energy pledged to return up to $700 million to shareholders through a special dividend and a share buyback this year, as it signalled a long-running billion dollar tax dispute with India may be nearing an end. Oil and gas producer Cairn, which has major operations in the South Asian country, said on Tuesday it was considering entering into statutory undertakings with the government after changes to a retrospective tax law at the heart of the row. Last month, India pr...
Cairn to return $700 million to shareholders when India tax row resolved
Cairn to return $700 million to shareholders when India tax row resolved
Source: Reuters
7/09/2021 2:46:13 PM
India offers Cairn Energy $1bn refund India expects to refund $1 billion to UK-based Cairn Energy after it moved to scrap a retrospective tax law that unleashed bitter fights with prominent foreign investors, Financial Times reported. The lower house of parliament on Friday approved a draft law introduced the previous day, cancelling a 2012 policy that enabled New Delhi to tax some foreign investments retrospectively. The upper house is expected to approve the law as early as next week. New Delhi would also drop $13.5 billi...
India offers Cairn Energy $1bn refund
India offers Cairn Energy $1bn refund
Source: IANS
7/08/2021 12:07:34 PM
Cairn gets French court nod to takeover Indian assets in Paris to recover arbitration award UK's Cairn Energy has secured a French court order to seize about 20 Indian government properties in Paris to recover a portion of $1.2 billion from India on the backdrop of the arbitration victory of the company, sources privy to the development said. According to the people in the know and reports, French courts completed the legal process on Indian asset takeover on Wednesday that started last month when it had ordered the takeover in favour of the energy company. The British ene...
Cairn gets French court nod to takeover Indian assets in Paris to recover arbitration award
Cairn gets French court nod to takeover Indian assets in Paris to recover arbitration award
Source: IANS
8/07/2021 12:04:24 PM
Cairn Energy sets eyes on more state-owned assets to recover dues from Indian government UK's Cairn Energy is targeting assets abroad of more state-run companies in a bid to recover dues from the government on the backdrop of the arbitration victory of the company over the Indian government. According to people in the know, the British energy major may file lawsuits across several countries to make government firms and banks liable to pay the dues. Cairn Energy already moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to re...
Cairn Energy sets eyes on more state-owned assets to recover dues from Indian government
Cairn Energy sets eyes on more state-owned assets to recover dues from Indian government
Source: IANS
28/06/2021 9:17:28 AM