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Cairn Energy eyes ‘acceptable solution’ Top Searches Cairn Energy eyes ‘acceptable solution’ TNN / Updated: Feb 22, 2021, 09:34 IST FacebookTwitterLinkedinEMail (Representative image) NEW DELHI: Cairn Energy on Sunday said that it was hopeful of finding an acceptable solution to the vexed $1.2-billion tax dispute with the government but will take all necessary steps to protect the interests of its shareholders. “We have had cordial and constructive discussions in Delhi over the last few days with officials from the finance ministry. Notwithstanding and without prejudice to our righ...

Cairn hopeful of solution in tax tussle with the govt Premium The move articulating Cairn Energy Plc’s position comes after the Centre’s decision to appeal against the arbitration award and to contest all cases filed by Cairn in international courts. (Photo: Bloomberg) Cairn chief Simon Thomson met finance secy Ajay Bhushan Pandey on Thursday and Friday Share Via Read Full Story Cairn Energy Plc on Sunday said it is working for a “swift resolution" in a tax dispute with India in which the Edinburgh-headquartered firm won a $1.2 billion international arbitration award on 23 December. Th...

How to make India’s bad bank workable Many lenders have accumulated a large volume of stressed assets over the years. The NPA problem needs an urgent fix.Premium 9 min read Ananth Narayan Past experiments have failed because of design issues. Malaysia’s ‘Danaharta’ shows a viable way ahead If stressed loans are transferred at too low a value, the recovery might deliver supernormal profits to buyers. This could be especially problematic if the buyers are in the private sector Share Via Read Full Story MUMBAI : Given the large overhang of non-performing assets in our financial services ...

Arbitration award issue | Cairn Energy hopeful of acceptable solution Updated: Updated: February 21, 2021 13:31 IST "We remain hopeful that an acceptable solution can be found, in order to avoid further prolonging and exacerbating this negative issue for all parties,” said a company official Share Article AAA A file photo of Cairn India employees working at a storage facility for crude oil at Mangala oil field at Barmer, Rajasthan.   | Photo Credit: Reuters "We remain hopeful that an acceptable solution can be found, in order to avoid further prolonging and exacerbating this negative issu...

After three days of talks with top finance ministry officials, UK's Cairn Energy plc on Sunday said it is hopeful of reaching an amicable resolution on USD 1.4 billion that an arbitration award has ordered India to return, but insisted it will continue to take steps to protect shareholder interest.