GVK Power & Infrastructure shares closed 15.91 per cent up at Rs 5.61 after after the company sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities.
In an unexpected development, Mayank Ashar, managing director and CEO at Cairn India, which operates the country’s biggest on-land oilfield, has quit the firm citing “personal reasons”. Company sources told FE that he d
The Centre on Thursday told the Delhi High Court that crude oil being a scarce resource, Cairn India, a subsidiary of UK-based Vedanta group, could not be allowed to export it from its Barmer oil and gas block in Rajasthan.
Cairn India today reported its biggest quarterly loss of Rs 10,948 crore in the quarter ended March 31 mainly because of impairment loss on goodwill and non-producing oil and gas assets due to drop in oil prices.
In a setback to mining mogul Anil Agarwal, the government today said he can merge subsidiary Cairn India with his flagship firm Vedanta Ltd only after paying for the shares the Income Tax Department has attached following the
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.
British oil explorer Cairn Energy Plc faces up to Rs 10,247-crore penalty over and above the Rs 29,000 crore in tax and interest demand slapped on it by the I-T Department using a retrospective legislation.