Cairn India
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Cairn India shares gain despite 4.34% yoy fall in oil and gas production in Q2FY17
Gross production from Rajasthan was marginally higher by 0.45 per cent quarter-on-quarter to 1,67,699 barrels of oil equivalent per day (boepd).
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Vedanta shareholders, creditors nod to Cairn India merger; shares down
Shareholders and creditors of Vedanta Limited on Friday gave their approval to the proposed merger of the company with its cash-rich arm Cairn India.
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GVK Power, Yes Bank, Visa Steel among 10 stocks that remained in focus in Friday’s trade
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.
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Mayank Ashar becomes third CEO to quit Cairn India in five years
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 did not want to continue after his two-year tenure that ends this month and will step down from June 5.
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Crude oil a scarce resource, Cairn India can’t export from Barmer: Centre to HC
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.
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Export of crude detrimental to national interest: Centre to High Court
The Centre today told the Delhi High Court that export of country’s domestic crude oil cannot be allowed as it would be detrimental to the national interest considering…
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Cairn India can’t export crude till India attains self sufficiency: Delhi High Court
The government today told the Delhi High Court that Cairn India cannot be permitted to export excess crude from its Rajasthan oil field, till India attains “self sufficiency”.
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Vedanta unit seeks rollover of $ 1.25 bn loan from Cairn India
Vedanta Group firm THL Zinc Ltd has sought a rollover of a controversial USD 1.25-billion loan taken from the conglomerate’s cash-rich oil explorer Cairn India in July 2014.
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Cairn India shares plunge 5% intraday on posting biggest quarterly loss of Rs 10,948 cr
Cairn India shares plunged as much as 5.12 per cent in the early trade on Monday after the company on Friday reported its biggest quarterly loss of Rs 10,948 crore in the quarter ended March 31
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Cairn India posts biggest quarterly loss of Rs 10,948 crore in Q4
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.
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Tax demand: HC seeks govt response on Cairn India’s plea
The Delhi High Court on Monday sought the government’s response on Cairn India’s plea against the Rs 20,495-crore tax demand…
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Cairn India merger with Vedanta only after share release: Hasmukh Adhia
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 Rs 10,247-crore tax dispute.
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Cairn India has indemnity from Cairn Energy on Rs 20,000 tax
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.
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Cairn faces Rs 10,247-cr fine on top of Rs 29,000 cr tax demand
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.
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Centre can’t stop us from exporting crude: Cairn India to HC
Cairn India today claimed in the Delhi High Court that under Foreign Trade Policy, the Centre cannot stop it from exporting crude from its Rajasthan oil field.
