Cairn India

Cairn India News

Nick Walker is appointed the chief executive officer of Vedanta’s Cairn Oil & Gas, India’s largest private oil and gas…

January 20, 2023 03:05 IST

SAT directs Sebi to conduct enquiry into Cairn UK Holdings dividend case

In April 2017, the UK-based firm approached the regulator over the non-payment of dividends amounting to over Rs 340 crore…

Updated: July 11, 2022 15:25 IST

Cairn has spent over $2 billion on exploratory activities in the last three years. (File)

Cairn to invest $700 million in India oil & shale assets in FY23

The company has hired Halliburton and Schlumberger to prepare a detailed report on estimates of in-place shale reserves and how…

April 12, 2022 01:28 IST

Cairn retro tax saga: A bizarre tale of twists and turns

The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British…

March 6, 2022 14:56 IST

The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.

India pays Cairn Rs 7,900 cr to settle retro tax dispute

But it was the discovery of the Mangala oil field in Rajasthan in January 2004, one of the biggest ever…

February 24, 2022 19:00 IST

Moreover, the IT department was found to be aware of the transactions at least by 2010, given it assessed the stake sale of Cairn UK Holdings in Cairn India to Petronas.

Can’t risk a mark of Cairn: Foreign investors look for fair & equitable business environment, not regulatory uncertainty

As Cairn moves to attach AI assets, Centre must stop digging in its heels on retro tax, or risk losing…

May 19, 2021 06:15 IST

In its December 2020 ruling, the Permanent Court of Arbitration at The Hague invalidated India’s $2.74-billion 2015 tax claim on Cairn Energy.

India’s offer to Cairn in $1.4-bn arbitration battle: ‘Pay half the dues and move on’

Govt feels it is going to be tough for the company to enforce the arbitral award

February 20, 2021 05:15 IST

Just berating babus is a waste of time

Bureaucrats may stymie what the ministers want, but the only way to fix that is to have sweeping reforms

Updated: February 22, 2021 01:34 IST

Retro tax: Amid stand-off, Cairn Energy holds ‘constructive’ meeting with Union finance secretary

On November 18, the GoI told the Delhi High Court it is yet to take a call on whether to…

February 19, 2021 06:15 IST

Cairn CEO meets finance secretary over arbitration ruling, says meeting constructive

Cairn Energy had in 2011, sold Cairn India to mining billionaire Anil Agarwal’s Vedanta Group, barring a minor stake of…

February 18, 2021 17:04 IST

Risking seizure of assets is a bad idea

Govt chance of winning Vodafone/Cairn appeals poor & Cairn has already made the first move to attach India’s assets

February 16, 2021 22:37 IST

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…

Updated: October 10, 2016 16:05 IST

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…

Updated: September 12, 2016 15:17 IST

SBI, Britannia among 116 stocks that hit fresh 52-week-high on NSE

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…

Updated: June 10, 2016 16:49 IST

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,…

Updated: May 21, 2016 08:22 IST

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…

May 20, 2016 06:31 IST

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…

May 19, 2016 21:36 IST

Cairn Energy, Cairn India, cairn, Cairn Energy UK, Government of India, Indian Government, Retrospective tax law, UK India Investment Treaty, Income Tax Department

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…

May 5, 2016 21:38 IST

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…

May 1, 2016 14:58 IST

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…

Updated: April 25, 2016 16:28 IST

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…

Updated: April 22, 2016 21:17 IST

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…

April 19, 2016 06:45 IST

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