 "Cairn")
India loses Cairn case in arbitration; asked to pay Rs 8,000 cr in damages
In a major setback, Indian government has lost arbitration to energy giant Cairn under the retrospective tax amendment to the law in a verdict that came late night on Tuesday. India has been asked to pay damages worth Rs 8,000 crore to the UK oil major. The verdict comes three months after India lost arbitration to Vodafone over the retrospective legislation. Read more
Honda announces closure of decades-old Greater Noida manufacturing plant
Honda Cars India Ltd (HCIL) on Wednesday formally announced closure of manufacturing
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