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Chief executive officer Simon Thomson urged India to swiftly give effect to the award-- $1.2 billion in damages plus cost and interest—to reassure global investors in the company and to uphold India’s business climate
In a Twitter post Simon Thomson has asked the Indian government to move swiftly to adhere to the award of an international tribunal in a case of retrospective taxation
With the Indian government deciding to appeal against an international arbitration award that went against it, Cairn Energy Plc will directly knock at the doors of the Indian government for honouring of the award verdict. Cairn Energy CEO Simon Thomson would be meeting Union finance minister Nirmala Sitharaman in Delhi next week. "The arbitration is now finalised and the award has been given and we would request along with others, that the Indian government moves swiftly to adhere to the award that has been given. That's important, it's important for our shareholders, who are global financi...
InterGlobe Aviation pays ₹2.10 crore to SEBI to settle alleged violation of norms Premium (REUTERS) SEBI disposed of the proceedings against InterGlobe Aviation, according to news agency Share Via Read Full Story InterGlobe Aviation Ltd has settled a case with the Securities and Exchange Board of India involving alleged violation of corporate governance norms raised by its co-founder and director Rakesh Gangwal. The company paid ₹2.10 crore to the regulator. The company settled the matter "without admitting or denying any violation on its part," by paying a settlement charge of ₹2.1 ...
Cairn team to visit India next week to convince government against appeal in tax case Top Searches Cairn team to visit India next week to convince government against appeal in tax case Sidhartha / TNN / Feb 9, 2021, 21:06 IST FacebookTwitterLinkedinEMail Cairn Energy team is seeking to meet finance minister Nirmala Sitharaman and other top government functionaries in India. (Representative image) NEW DELHI: A high-level team of Cairn Plc, led by its CEO Simon Thomson, will be in India next week to impress upon the government to honour the award of the international tribunal in the retrospect...