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Top News In எண்ணெய் ஆம்ப் வாயு ஆய்வு மற்றும் ப்ரொடக்ஶந் கழுத்து Today - Breaking & Trending Today

Cairn says it has identified Indian assets for seizing if it is not paid

British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.
Cairn is extremely confident that satisfaction of the award will be achieved either by negotiated settlement or by enforcement against Indian assets, the firm said in its 2020 annual earnings statement.
The firm has moved courts in nine countries to get the arbitral award registered and recognised.
The tribunal ruled unanimously that India had breached its obligations to Cairn under the UK-India Bilateral Investment Treaty and awarded to Cairn damages of USD 1.2 billion-plus interest and costs, which immediately became payable. The total due at the year-end was USD 1.7 billion, it said. ....

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Assam breaks records in poll seizures, Rs 18 cr worth items caught so far

Read more about Assam breaks records in poll seizures, Rs 18 cr worth items caught so far on Business Standard. Assam broke all previous records in seizures of cash, liquor, drugs and other goods in the run-up to the Assembly polls ....

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BEML Ltd leads gainers in 'A' group

Saregama India Ltd, IRB Infrastructure Developers Ltd, Hindustan Oil Exploration Company Ltd and Indian Overseas Bank are among the other gainers in the BSE s A group today, 08 March 2021.
Saregama India Ltd, IRB Infrastructure Developers Ltd, Hindustan Oil Exploration Company Ltd and Indian Overseas Bank are among the other gainers in the BSE s A group today, 08 March 2021.
BEML Ltd surged 19.03% to Rs 1394.9 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 2.62 lakh shares were traded on the counter so far as against the average daily volumes of 75957 shares in the past one month.
Saregama India Ltd soared 14.50% to Rs 1404.1. The stock was the second biggest gainer in A group. On the BSE, 41173 shares were traded on the counter so far as against the average daily volumes of 5003 shares in the past one month. ....

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US, UK, 3 other courts confirm $1.4 bn arbitration award against India

Read more about US, UK, 3 other courts confirm $1.4 bn arbitration award against India on Business Standard. Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc ....

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Will wrap up expansion this month: Cairn Oil & Gas Deputy CEO Prachur Sah

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