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I-T Dept slaps Rs 29k cr tax demand notice on Cairn Energy

2016-03-15 22:43:20| Oil & Gas - Topix.net

Cairn, against whom the I-T Department had on January 22, 2014 issued a draft assessment order of Rs 10,247 crore on alleged capital gains it made in a 2006 reorganisation of its India business, was last month issued a final assessment order. "The assessment order is in the amount of Rs 10,247 crore plus interest back dated to 2007 totalling Rs 18,800 crore and any recovery by the Indian authorities would be limited to such assets," it said.

Tags: notice energy tax demand

 

Steel Stocks Soar After the U.S. Slaps Anti-Dumping Tariffs on China

2016-03-03 00:32:04| Steel - Topix.net

What: A weight has been lifted off of steel stocks after the U.S. imposed anti-dumping duties on a number of major steel-producing countries. That news sent U.S. Steel , AK Steel , Arcelor Mittal , and TimkenSteel all up double digits today: So what: The U.S. government imposed tariffs on seven steel-producing nations, which were found to have dumped products at unfairly low prices in the U.S. market.

Tags: china steel stocks tariffs

 
 

U.S. slaps duties on Chinese tires for cars and light trucks

2015-06-13 04:26:21| Industrial Machines - Topix.net

The United States on Friday imposed duties on certain automobile and light truck tires imported from China after finding they were being dumped at below-market value and unfairly subsidized by Beijing. The duties will affect goods from companies including Shandong Yongsheng Rubber Group Co, Cooper Kunshan Tire Co, a subsidiary of Cooper Tire & Rubber Co, and Giti Tire Co, a subsidiary of Giti Tire.

Tags: light cars chinese duties

 

Pope weighs in on climate change, saying man continuously slaps nature in the face

2015-01-19 07:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Quartz: Wrapping up his visit to the Philippines this week, Pope Francis stirred up controversy by taking an unequivocal stance on climate change and calling on the international community to step up during United Nations climate talks in November. "I don`t know if it is all (man`s fault) but the majority is, for the most part, it is man who continuously slaps nature in the face," he told reporters. "We have in a sense taken over nature." Scripted remarks that the Pope did not read out go on to say, "As...

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Canada slaps sanctions on Russian oil industry

2014-12-20 01:46:55| Oil & Gas - Topix.net

Canada announced new sanctions against Russia on Friday, including additional restrictions on the export of technology used in the oil and gas industry, saying it was important to speak truth to power. Foreign Minister John Baird also said sanctions were being applied on 11 Russians and nine Ukrainians, due to Russia's actions in Ukraine.

Tags: canada industry oil russian

 

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