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Capricorn Energy announces operational and trading update

Ahead of announcing its preliminary results for the year to 31 December 2021, Capricorn has provided an update on its operations and trading performance together with guidance for 2022.

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Completed all steps of retro tax repeal law, entitled to Rs 7,900 cr refund: Cairn

As part of the settlement reached with the government, the company has withdrawn all cases that were brought to collect the tax refund ordered by an international arbitration tribunal.

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Complied With Retro Tax Repeal Law, Entitled For Refund: Cairn

Britain's Cairn Energy has said it has complied with all rules of retro tax repeal law to now become eligible for about Rs 7,900 crore refund of taxes

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Cairn completes all steps for tax refund from Centre, expects payment in early 2022

The company said that it has concluded all necessary steps under the rules of the India Taxation (Amendment) Act 2021 required for payment by the govt of India of a tax refund of approximately Rs7,900 crore

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Oil price, IOG, UJO/Egdon, Capricorn, Trinity, President, Block. And finally…

WTI $83.31-$1.83, Brent $86.27 -$1.62, Diff -$2.96 +21c, NG $4.03 +3c, UKNG 217.78p +17.78p Oil price As I noted in the late blog yesterday oil fell as...

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Capricorn Energy eyes tax refund from India after withdrawing all global enforcement proceedings | 6 January 2022

Capricorn Energy eyes tax refund from India after withdrawing all global enforcement proceedings

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Cairn arbitration award | Nirmala says its her duty to appeal


Cairn arbitration award | Nirmala says it's her duty to appeal
Updated:
Updated:
March 06, 2021 08:11 IST
Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect
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Union Finance Minister Nirmala Sitharaman. File
  | Photo Credit:
PTI
Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect
Finance Minister Nirmala Sitharaman on Friday indicated the government’s intent to appeal against an arbitration panel asking India to return $1.4 billion to UK’s Cairn Energy Plc, saying it is her “duty” to appeal in cases where the nation’s sovereign authority to tax is questioned.

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Budget 2021: Municipalities may obtain up to Rs 2 lakh cr Centre funding

This should significantly improve the financial health of those local bodies, many of them aiming to raise bonds. Asias richest civic body, Brihanmumbai Municipal Corporation, is planning to raise up to Rs 4,000 crore, the Times of India reported on January 25.

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