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Cairn India has indemnity from Cairn Energy on Rs 20,000 tax levy: Anil Agarwal

2016-04-11 04:14:01| Energy - Topix.net

Explaining the tax notice to Cairn India when the capital gains were allegedly made by its erstwhile promoter, Cairn Energy, Vedanta's Agarwal said "the government probably as a precaution got to us." Cairn India has full indemnity from its former promoter Cairn Energy of UK against levy of any tax for past deeds, including the two-year old Rs 20,495 crore retrospective tax demand, its new owner Anil Agarwal has said.

Tags: energy tax india levy

 

A.M. Best Revises Outlook to Positive for Zale Indemnity Company and Zale Life Insurance Company

2015-11-18 23:38:53| Jewelry - Topix.net

The ratings for Zale Indemnity, which acts as a captive insurer for the customers of its intermediate parent, Zale Corporation , reflect the strong underwriting and operating results generated over the long term, as well as its solid risk-adjusted capitalization and the role of the company in providing complementary insurance services for the customers of its parent's jewelry operations. Zale Corp. was acquired by Signet Jewelers, Ltd in 2014 with Zale's Jewelry stores continuing to be managed as a separate brand.

Tags: company life positive insurance

 
 

Argentina's Congress approves $5B Repsol indemnity

2014-04-24 18:17:04| Oil & Gas - Topix.net

In this April 25, 2012 file photo, supporters of an oil nationalization bill proposed by Argentina's President Cristina Fernandez wave flags that read in Spanish "Fight and return YPF" outside Congress as senators debate the bill in Buenos Aires, Argentina.

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$15.4 Billion in Indemnity Payments Sent to Farmers, Drought Continuing into 2013

2013-03-07 21:55:00| Corn & Soybean Digest

Source: National Crop Insurance Services As the claims come in from one of the worst droughts in decades, farmers and ranchers across the country are receiving indemnity payments for the losses they have incurred. As of March 4, 2013, more than $15.4 billion has been sent to farmers. Farmers will invest more than $4.1 billion to purchase more than 1.2 million crop insurance policies. read more

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