Cairn Created Maze Of Subsidiaries, Taxed Rs 10,247 Cr

Cairn Created Maze Of Subsidiaries, Taxed Rs 10,247 Cr

UK’s Cairn Energy, which became the first company to face coercive recovery in retrospective tax action, had created a maze of subsidiaries in a span of just six months to transfer Indian assets, an event that led to a demand of Rs 10,247 crore as dues.

Germany lobbies for Indian railway projects

Germany lobbies for Indian railway projects

Berlin is lobbying for German firms to win business revamping India’s creaking railway network, one of several countries attracted by the scale of India’s transport needs and which are campaigning to export their technology.