Retro tax settlement: Cairn, Vodafone, others to wait 5 months to get refund
Companies seeking refunds for retrospective taxes will have to indemnify the Indian government against future claims.
Oct 02, 2021, 13:28 PM IST
Vedanta-led Cairn India CEO, CFO quit firm
Mathur is the fourth CEO to have quit the company since Vedanta completed the acquisition of Cairn India in December 2011.
Apr 11, 2019, 15:57 PM IST
ONGC bids for 37 oil blocks, Cairn 55 in 1st OALP round
As many as 110 bids had been received, the Directorate General of Hydrocarbon (DGH) tweeted.
May 02, 2018, 13:44 PM IST
Cairn adds another $249 million to compensation claim from India
British oil explorer Cairn Energy plc has added another USD 249 million to the compensation it is claiming from India after the government set off a tax refund due to it to settle part of a retrospective tax demand.
Aug 22, 2017, 18:13 PM IST
31 held as syndicate that stole oil worth crores from Cairn India's oildfield busted
The Rajasthan police have claimed to have busted an inter-state syndicate that allegedly stole crude oil worth crores of rupees from Cairn India's oilfield.
Jul 23, 2017, 23:11 PM IST
Cairn tax dispute: I-T dept orders recovery of Rs 10,000 crore
The Income Tax Department has ordered coercive action against Cairn Energy Plc to recover Rs 10,247 crore of retrospective tax after the British oil firm lost a challenge to the move before an international arbitration panel.
Jun 19, 2017, 13:16 PM IST
Vedanta Ltd Q4 net profit grows 3.4 times to Rs 2,971 crore
Metal and mining conglomerate Vedanta Ltd on Monday saw its consolidated net profit jump over three fold to Rs 2,971 crore for the fourth quarter to March on the back of higher income.
May 15, 2017, 16:33 PM IST
Cairn accuses finmin official of ordering dividend freeze
British oil firm Cairn Energy plc has accused a senior finance ministry official of "privately" advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.
May 01, 2017, 16:43 PM IST
United Spirits, Cairn to move out from Sensex Next 50 index
Sensex Next 50 index measures the performance of the subsequent 50 largest index-eligible stocks outside the BSE Sensex 50.
Apr 20, 2017, 18:09 PM IST
Vedanta completes Cairn merger
The merger of cash-rich oil producer Cairn India into its debt-ridden parent Vedanta Ltd is now complete, the two firms announced on Tuesday.
Apr 11, 2017, 20:45 PM IST
Cairn-Vedanta merger: All approval in place barring RBI
Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.
Mar 28, 2017, 14:00 PM IST
I-T dept lifts freeze on Cairn dividend payout, stake bar stays
The tax department has agreed to lift the freeze on British oil explorer Cairn Energy being paid dividend by its erstwhile subsidiary Cairn India, but it still cannot sell the residual stake pending a tax dispute.
Mar 08, 2017, 15:31 PM IST
Vedanta to invest $10 bn on expanding business
Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company's Chairman Anil Agarwal said.
Feb 19, 2017, 16:39 PM IST
Cairn India PSC extension: HC directs govt to decide within 2 months
Delhi High Court Monday directed the government to positively take a decision within two months regarding extension of a production sharing contract (PSC) it has with Cairn India, a subsidiary of UK-based Vedanta group, to produce oil from a Rajasthan block till 2020.
Nov 07, 2016, 16:58 PM IST
ONGC, Cairn India face Rs 730 crore service tax on royalty payments
In a setback to energy firms like ONGC and Cairn India, the government will from this fiscal levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.
Nov 03, 2016, 15:48 PM IST
Delhi HC dismisses Cairn India's plea for export of excess crude
Delhi High Court on Tuesday dismissed a plea filed by UK-based Vedanta group company, Cairn India Ltd, seeking permission to export excess crude from its Barmer oil field in Rajasthan.
Oct 18, 2016, 11:29 AM IST
'Quarterly earnings of UltraTech, HCL, Cairn India to dictate stock market trend this week'
Quarterly earnings from bluechips Reliance Industries and Wipro would largely influence market trend this week in the absence of any major domestic triggers, say experts.
Oct 16, 2016, 12:26 PM IST
Cairn India oil and gas output drops 4% in Q2, 2016
Cairn India today reported a 4 percent drop in its oil and gas production during the second quarter ended September 30 after eastern offshore Ravva field output dipped by more than a quarter.
Oct 10, 2016, 16:49 PM IST
Vedanta pays over Rs 13,300 crore in royalties, taxes to India in FY16
Mining giant Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.
Oct 02, 2016, 14:31 PM IST
Cairn to spend $150 million on 10 exploratory wells in Andhra Pradesh
Cairn India will be taking up exploratory and appraisal drilling of ten wells in Palar block at the coast in Nellore district Andhra Pradesh with an investment outlay of USD 150 million.
Sep 25, 2016, 15:51 PM IST
