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Image for representation   | Photo Credit: Reuters Move is a step in firm’s efforts to recover dues, potentially by seizing Indian assets Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues. In December, an arbitration body awarded the British firm damages of more than $1.2 billion plus interest and costs. The tribunal ruled India breached an investment treaty with Britain and said New Delhi was liable to pay. Cairn asked t...

Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues.

Electronics goods face biggest tariff hikes in India’s Atmanirbhar push Premium Share Via Read Full Story India’s latest budget, tabled in Parliament on 1 February, came with a fresh set of tariff hikes. Coming after months of the ‘Atmanirbhar Bharat’ push, the hikes inevitably lent steam to India’s increasingly protectionist image. A sectoral analysis shows that the electronics goods sector, which depends heavily on China, continued to be among the biggest targets of India’s tariffs this year. Effective 2 February, the government raised duties on about 1,250 of the 10,400-odd ite...

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, is increasingly playing a bigger role in the economy and intends to invest around $40 billion each year in the local economy

'I am now on Koo', Railway Minister Piyush Goyal pushes for Made-in-India app Premium 2 min read Koo won the Aatmanirbhar App Challenge organised by the Indian government Prime Minister Narendra Modi had, in one of his Mann Ki Baat monthly radio talks, encouraged Indians to use Koo Share Via Read Full Story Koo, Made-in-India app, is seen as an alternative to US microblogging site Twitter. Railway Minister Piyush Goyal also joined the desi app. Taking to Twitter, he said, "I am now on Koo." Railway Minister seems excited about it, "Connect with me on this Indian micro-blogging platform for re...