Vedanta Group chairman Anil Agarwal on Tuesday said Vedanta Resources (VRL), holding company of the mining and metals conglomerate, is well-positioned to meet its future debt obligations, and that concerns around the group being over-leveraged are misplaced. “We are very, very comfortable,” said the 69-year-old billionaire in an interview with ET, drawing attention to the … Read more
India will soon notify a separate set of rules to facilitate settlement of its retrospective tax dispute with British telecom company Vodafone, a senior government official told ET. Vodafone had faced validation of tax demand under Section 119 introduced in the Finance Act 2012, as distinct from the others, and hence, rules also have to … Read more
Mumbai: Senior Cairn Energy executives are expected to meet finance ministry officials this week to discuss their tax dispute, days after Parliament approved scrapping of the retrospective clause in the 2012 tax amendment. The UK-based company, which won $1.2 billion in an arbitration award against India, is looking to settle the dispute and could meet … Read more