Page 26 - Devas Multimedia News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tata Group Likely To Ask Govt For Indemnity Clause In Air India Disinvestment Deal Air India Jet. (Wikimedia Commons) The Tata Group may ask the Government to include an indemnity clause in the Air India privatisation deal to protect it from unexpected claims and risks arising out of the recent claims filed by Devas Multimedia and Cairn Energy, seeking to seize Air India's overseas assets, Economic Times. The development comes at a time when the Tata Group is known to be intensifying the due diligence on the airline. The group is said to be aiming to shield itself from "any resultant court c...

Indian Express. That is just a smattering of the editorial responses to the news from last week that British oil company Cairn Energy successfully petitioned a French court to freeze real estate properties in Paris belonging to the Indian government valued at around $24 million. The company said the court order was a “necessary preparatory step to taking ownership of the properties and ensures that the proceeds of any sales would be due to Cairn”, based on the $1.2 billion arbitration award it won in 2020 against tax claims by the Indian government. More bad news could be on its way. Ca...

Address Cairn energy tax dispute immediately   While fighting one war, one shouldn’t fan another. But it appears that the ongoing India-Cairn tax dispute is inching towards that direction. Share Via Email   |  A+A A- While fighting one war, one shouldn’t fan another. But it appears that the ongoing India-Cairn tax dispute is inching towards that direction. The UK’s Cairn Energy PLC, which won the arbitration award last December, is reportedly seizing our global assets, including government buildings. The international arbitration tribunal had held India’s retrospective levy a...

ADVERTISEMENT Antrix Fights $1.3B Award Enforcement By Devas Proxies Law360 (July 7, 2021, 7:22 PM EDT) -- Antrix urged a Washington federal court Tuesday to block an Indian satellite company's shareholders' attempts to track down assets and enforce a $1.3 billion arbitral award, minutes after the investors sought to force a response from the Indian space agency. Investors in Devas MultimedIa Pvt. Ltd. and an American subsidiary of the company sought the court's assistance in turning over discovery needed to enforce the award. The intervenors say the move is necessary to counteract Antrix's ...

Second Covid-19 wave sharply hit consumer credit demand: RBI FSR The second wave of the pandemic had a negative impact on the consumer credit demand as inquiries for such loans fell sharply across product categories after a rebound during the festive season in the third quarter of FY21, the half-yearly financial stability report (FSR) of Reserve Bank of India (RBI) said. The FSR report has highlighted that the overall demand for consumer credit, as reflected in inquiry volumes, had stabilised in Q4FY21 following a sharp rebound during the festive season in Q3FY21 after the first Covid wave ...