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Budget 2018: Great Expectations

2018-01-27 premium.thehindubusinessline
The banking sector has been grappling with a host of challenges in recent years. The year 2017 was no different. Sluggish loan growth, rising bad loans and weak earnings continue to plague the sector. (30-0)

Final arbitration hearings on India's Rs 102-bn tax demand in August: Cairn

2018-01-23 business-standard
British oil explorer Cairn Energy on Tuesday said the final hearing in the arbitration, which it has initiated against a Rs 102.47 billion (Rs 10,247 crore) retrospective tax demand raised by India, will begin in August. In an operational update, Cairn said the three-member international arbitration tribunal has indicated that it will expeditiously draft the award after the hearing. Cairn has taken the arbitration route against the Indian government, which used a new law giving it powers to impose taxes retrospectively for slapping a Rs 102.

Final arbitration hearings on India tax demand in August: Cairn

2018-01-23 livemint
New Delhi: British oil explorer Cairn Energy Plc. on Tuesday said the final hearing in the arbitration, which it has initiated against a Rs10,247 crore retrospective tax demand raised by India, will begin in August.

Final arbitration hearings on India tax demand in August: Cairn Energy

2018-01-23 moneycontrol
British oil explorer Cairn Energy plc today said the final hearing in the arbitration, which it has initiated against a Rs 10,247 crore retrospective tax demand raised by India, will begin in August.

Govt recovering tax from Cairn UK, why come after us: Cairn India to HC

2018-01-18 business-standard
Cairn India, now Vedanta, on Thursday told the Delhi High Court that proceedings regarding over Rs 200 billion (Rs 20,000 crore) tax demand for non-payment of withholding tax on capital gains in 2006 by its former parent Cairn UK, need not continue as the authorities have taken action against the foreign entity. Cairn India, which in April last year merged with businessman Anil Agarwal's Vedanta Group, told a bench of Justices Sanjiv Khanna and Chander Shekhar that the Indian tax authorities have already recovered over Rs 6 billion (Rs 600 crore) from it towards the separate Rs 102.

Govt recovering tax from Cairn UK, why come after us: Cairn India to HC

2018-01-18 moneycontrol
Cairn India, now Vedanta Ltd, today told the Delhi High Court that proceedings regarding an over Rs 20,000 crore tax demand for non-payment of withholding tax on capital gains in 2006 by its former parent Cairn UK, need not continue as the authorities have taken action against the foreign entity.

Govt to auction 55 oil, gas exploration blocks on Thursday

2018-01-17 thehindubusinessline
New exploration policy allows companies to carve out blocks of their choice and bring 2.8 million sq. km. of unexplored area

Tata group hires EY to explore sale of oil and gas business

2018-01-16 livemint
Mumbai: The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.

India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan

2018-01-16 rigzone
BARMER, INDIA, Jan 16 (Reuters) - Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

PM Modi launches $6.8 billion refinery in Rajasthan

2018-01-16 in.reuters
BARMER, INDIA (Reuters) - Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

News Live: Supreme Court calls CBI, ED probe progress #39;slow#39; in coal scam case

2018-01-15 moneycontrol
The Supreme Court has stated that progress in the investigations by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in coal scam cases has been "slow". (16-0)

News Live: One of the biggest diamonds in history has just been dug up

2018-01-15 moneycontrol
One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa, reports Bloomberg. Gem Diamonds found the 910-carat stone, about the size of two golf balls, at its Letseng mine in the country. It’s a D color Type IIa diamond, which means it has very few or no nitrogen atoms and is one of the most expensive stones. The diamond is the fifth-biggest ever found. (16-0)

News Live: LIC sells over 2% stake in Merck, stock surges over 19%

2018-01-15 moneycontrol
The Supreme Court has stated that progress in the investigations by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in coal scam cases has been "slow". (16-0)

News Live: PE investments jump 55% YoY to all-time high of $24bn in 2017

2018-01-15 moneycontrol
Private equity firms invested $23.8 billion across 591 deals in 2017, making it the biggest year for PE investments in India. According to deal tracker Venture Intelligence, the investment value is 39% higher than the previous high of $17.1 billion (recorded in 2015) and 55% higher than $15.4 billion invested during 2016. In terms of number of deals in the year, 2017 saw 21% less activity as compared to 2016 (731 deals), indicating large number of big-ticket transactions. (16-0)

News Live: Four senior-most Supreme Court judges attend court, take up work

2018-01-15 moneycontrol
Four senior-most Supreme Court judges, who had held an unprecedented press conference and raised issue of assignment of cases, today attended court and took up routine work. (65-0)