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ROYALTY RECOVERY ISSUES
ET Prime Special Series: Multibagger or Bankrupt - Part 65: This auto ancillary is making new moves. Separate signal from noiseThis supplier is one of those businesses that grows quietly until it suddenly makes several big decisions at once. In a short span it has s...- Buy, Sell or Hold: Morgan Stanley maintains Equal-Weight on Pine Labs; retains buy on ONGCMorgan Stanley maintains a constructive outlook on select Indian largecap stocks in defence, energy, and fintech, citing strong growth pros...
- Fuel price hike may become inevitable amid rising crude stress: MK SuranaIndia's oil marketing companies face escalating under-recoveries due to persistent crude oil supply disruptions and an uncertain global mar...
- Supreme Court seeks Customs Department's response on Xiaomi's appeal in evasion caseXiaomi faces a Supreme Court challenge against a customs tribunal ruling. The tribunal found the company liable for evading ₹653 crore in c...
- Efforts on to settle issue of recovery of mining royalty, tax dues with certain states: Centre to SCThe Centre is working to resolve royalty and tax disputes on mineral rights with states like Jharkhand. The Supreme Court deferred hearing ...
- Mining operators case: SC through majority opinion holds that royalty is not in the nature of taxA nine-judge Supreme Court bench, led by Chief Justice DY Chandrachud, has clarified that royalty is not considered a tax. This statement w...
- Reliance Industries fights back govt's $5 billion recovery claimSalve further argued that it is only after all these issues, including RIL's and BG's contractual Cost Recovery Limit (CRL) increase claim,...
- High Court dismisses govt plea to enforce arbitral award against RILThe high court rejected the petition holding it to be "premature and not maintainable". The 2016 FPA is "not an executable arbitral award" ...
- Fast food chain Subway drags taxman to court over GST on intellectual property rightsThe American fast food chain told the court that the taxman kept issuing summons without following due process
- Goa royalty penalty due to varying interpretation: VedantaThe Goa's directorate of mines and geology (DMG) yesterday had issued a Rs 97.48-crore demand notice to Vedanta towards non-payment of roya...
- Public Accounts Committee slams ONGC on royalty issue in AssamThe Public Accounts Committee of Assam Legislative Assembly has slammed energy major ONGC for anomalies in royalty payment for four years f...
- Premier Oil threatens legal action if Ratna contract cancelledThe Ratna-R series of fields was awarded in February 1996 to Essar-Premier consortium through an open international bidding process.
- Govt to offer Ratna to Essar if it sticks to cost-recovery planEssar wants to revise the amount because costs have risen but the oil ministry, which is facing severe scrutiny from the CAG on its dealing...
- Oil ministry is expected to approve Cairn India's proposal to start pumping crude oil from the Bhagyam fieldThe oil ministry is expected to soon approve Cairn India's proposal to start pumping crude oil from the Bhagyam field.
- Tough choice for Vedanta as GoM adds riders to Cairn India dealVedanta will have to decide if it should continue to pay Rs 405 per share or USD 6.65 billion for buying 40 per cent stake in Cairn India.
- Reliance, BG drag govt to arbitration on PMT disputeRIL and BG Group of UK have dragged oil ministry to arbitration on disputes over Panna/Mukta and Tapti oil and gas fields but the ministry ...
- 'Cairn had agreedto make royalty cost-recoverable'Former ONGC chairman RS Sharma talks to ET on contract for the Rajasthan oil block, where ONGC is a 30% partner of Cairn India.
- Oil ministry sets tough conditions to clear Cairn dealCairn India should withdraw cess arbitration case and agree to pay its share of Rs 9,202 crore, even as ONGC would pay Rs 3,944 crore as ce...
- ONGC pays Rs 1,183 cr royalty on Rajasthan crude this FYOil and Natural Gas Corp (ONGC) has paid about Rs 1,183 crore in royalty on behalf of its partner Cairn India in the prolific Rajasthan blo...
- SC to decide on royalty payable on mineralsThe Supreme Court will decide on an important question of whether the miners should pay royalty on the ore or on the processed mineral extr...
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