Cairn India Ltd, the petroleum arm of London-headquartered Vedanta Resources Plc, has received a tax notice of Rs.20,495 crore from the Income Tax department for failing to deduct withholding tax on alleged capital gains by its erstwhile promoter, Cairn UK Holdings Ltd (CUHL), a subsidiary of Edinburgh-based Cairn Energy Plc.
FlashNews:
Vikram Solar Secures 148.9 MW Module Order from Sunsure Energy for Maharashtra and Uttar Pradesh Projects
KPIL Secures ₹23.32 Billion in New Orders Across T&D and Civil Infrastructure Businesses
NHAI to Deploy Network Survey Vehicles for 20,000-Plus km Highway Audit Across 23 States
India’s Renewables Pivot: From Speed to System Strength
IndiGo Expands Saudi Connectivity with Daily Mumbai-Madinah Flights from November 15
Vaishnaw Visits Delhi Station as Railways Set to Run Record 12,011 Festive Trains
UDAN Turns Nine: 15.6 Million Flyers, ₹90 Billion Invested in Regional Aviation
India’s Logistics Cost to Hit Single Digits by December 2025: Gadkari
Toshiba Commits ₹32.32 Billion to Expand T&D Manufacturing in Japan and India
Embraer-Mahindra Alliance to Deliver C-390 Millennium Transport Aircraft for IAF
Inland Waterway Haldia Multi-Modal Terminal Operationalised Under PPP Model
Digital Monitoring Led to Shutdown of 51 Stalled Projects in Northeast: Scindia
IndiGo Confirms 60 A350-900s, Signs Rolls-Royce Deal to Power Long-Haul Expansion
IndiGo to Launch Direct Athens Flights on India’s First Airbus A321XLR
DGCA Launches Auto-Generated Computer Numbers for Flight Crew via Pariksha Portal
India’s Digital Firewall Shields Millions from Spoof Calls, with Even Google Adopting It: Scindia
India Post Preps to Reboot as Logistics Giant Under Scindia’s Watch
India’s Grade A Warehousing Demand Hits Record 26.5 Million Sq Ft in 2025
IndiGo Integrates with Digi Yatra for Seamless, Contactless Boarding
Reliance beats IOC in race to supply diesel to Railways
Public sector oil retailer Indian Oil Corporation has lost to Reliance Industries Ltd the contract for supplying diesel to the Indian Railways.
India seeks to increase natural gas production India´s
Petroleum Ministry has forecast an estimated 75 per cent increase in natural gas production over the next five years.
Gulf Petro acquires Shell´s Guj plant
The UAE-based oil company Gulf Petrochem has acquired the Royal Dutch Shell´s bitumen plant in Gujarat to meet the increasing demand for road construction products in West and North India.
Landmark initiatives for energy efficiency
Dharmendra Pradhan, Union Minister of State for Petroleum and Natural Gas has launched three landmark initiatives for energy efficiency.
ChPT to handle met coke
Chennai Port Trust (ChPT) plans to handle metallurgical coke and petroleum coke to make up for the loss of dusty cargo like coal and iron ore. The new cargo will be handled on a trial basis for six months,
Exploitation of CBM
The Minister of State (I/C) in the Ministry of Petroleum & Natural Gas, Dharmendra Pradhan said that in the Budget 2014-15 it is proposed to accelerate production and exploitation of coal bed methane (CBM) reserves.
New oil & gas exploration norms
The Minister of State (I/C) in the Ministry of Petroleum & Natural Gas, Dharmendra Pradhan, said that to increase domestic exploration, the government has taken several policy measures such as New Exploration Licensing Policy,
Middle Easts largest smart solar project completed
The largest smart solar plant in the Middle East, having a capacity to deliver 8,000 MWh of clean renewable energy, has been successfully installed in Bahrain.Petra Solar, a subsidiary of Petra Systems
Key project cost overruns at Rs1 lakh cr
Delays in key Central sector projects have led to steep cost over-runs, which have been pegged at Rs 1 lakh crore, according to ASSOCHAM's estimates. The report said, till March 2013, the cost over-runs had been worked out at Rs 94,800 crore in about 285 central projects.