 "Cairn dispute: Centre says tax rows can't be settled in global arbitration")
After Voda arbitration, now Cairn expects $1.4 bn in losses from retro tax demand
British oil explorer Cairn Energy Plc on Tuesday said it is seeking from the Indian government USD 1.4 billion (about Rs 10,300 crore) in losses arising from the expropriation of its investments to enforce a retrospective tax demand. In its half-yearly earnings statement, the company said it expects an international arbitral tribunal to shortly give a decree on its challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. Read More...
Ashok Soota debuts in Hurun India rich list with Happiest Minds bumper
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