Cairn seeks quick resolution to tax row
As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.
Aug 12, 2015, 15:49 PM IST
Aviva opposes Cairn India's merger with Vedanta
Opposing Vedanta's all-share merger deal, Aviva said there was "a risk of the Vedanta Group misallocating capital" of oil producer Cairn India to pay off its huge debt.
Aug 06, 2015, 14:25 PM IST
Aviva Investors opposes Vedanta Ltd takeover bid for Cairn India
Fund firm Aviva Investors said on Wednesday it opposed a $2.3 billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.
Aug 05, 2015, 23:18 PM IST
No decision yet on Cairn-Vedanta deal: United India Insurance
Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, Tuesday said it has not taken any stand on the merger issue of Vedanta and Cairn India Ltd.
Aug 04, 2015, 22:55 PM IST
Shareholders may vote on merger with Cairn by Dec: Vedanta CEO
Mining baron Anil Agarwal-led Vedanta Ltd expects to seek shareholders' approval for the proposed merger of the mining arm with Cairn India by December this year.
Jul 29, 2015, 22:14 PM IST
Cairn India merger not for refinancing debts: Vedanta CEO
Mining baron Anil Agarwal-run Vedanta Ltd today said its merger with cash-rich Cairn India is not for refinancing its Rs 77,752 crore gross debt, but to simplify the group's business structure.
Jul 24, 2015, 13:54 PM IST
Vedanta says its Cairn India buyout offer is fair
Mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy , could scupper the deal.
Jul 23, 2015, 21:27 PM IST
Cairn India shares gain over 6% on bourses
Shares of Cairn India Thursday gained over 6 percent amid reports that its erstwhile parent firm Cairn Energy may vote against the merger of the company with Vedanta.
Jul 23, 2015, 21:25 PM IST
Cairn India shares down nearly 4% as Q1 net falls
Shares of Cairn India fell by nearly 4 percent today after the company reported a 24 percent drop in June quarter net profit.
Jul 22, 2015, 13:41 PM IST
Not getting fair value in Cairn-Vedanta merger: Shareholders
Minority shareholders of Cairn India Tuesday raised concern over the company not getting a "fair valuation" in the USD 2.3 billion all-share merger with parent Vedanta Ltd and use of its over Rs 24,000 crore of cash pile.
Jul 21, 2015, 22:12 PM IST
Cairn India Q1 net falls 24% as oil prices hit a soft patch
Cairn India, the operator of nation's biggest onshore oilfield, Tuesday reported a 24 percent drop in its June quarter net profit due to a slide in international oil prices.
Jul 21, 2015, 21:49 PM IST
Vedanta may cut jobs at aluminium unit as prices tank
The aluminium business of Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports, its head told Reuters, urging the government to double the tariffs on foreign supply.
Jul 21, 2015, 17:00 PM IST
Cairn India says merger with parent Vedanta is on track
Shareholders in Cairn India, the country`s largest private sector crude oil producer, are to get one share in mining giant Vedanta and one redeemable preference share under a $2.3 billion deal to buy out minorities announced in June.
Jul 21, 2015, 15:03 PM IST
Cairn India for stable and predictable investment regime
Cairn India, the operator of nation's biggest onland oilfield, on Tuesday demanded a stable and predictable investment regime and consistency in policy to boost investor confidence.
Jul 21, 2015, 13:55 PM IST
Vedanta-Cairn merger to be good for both's shareholders: Anil Agarwal
Listing the positives of the proposed merger of Cairn India with his Vedanta Ltd, its chairman Naveen Agarwal said that the move would not only strengthen the company`s cash-flows but also allow Cairn India`s shareholders to get access to Vedanta`s well invested metals and mining assets which have low cost and long life.
Jul 11, 2015, 19:18 PM IST
Anil Agarwal's bonus up 28% to Rs 8.85 cr in FY15
Vedanta in its annual report to shareholders, ahead of its annual general meeting (AGM) on August 3 in London, said the base compensation for Agarwal will remain unchanged at 1.608 million pounds.
Jul 05, 2015, 12:29 PM IST
Govt rejects Cairn's arbitration on tax dispute
The government has rejected Cairn Energy UK's plea for an arbitration over Rs 10,247-crore tax dispute saying taxation is not covered under the UK-India Investment Promotion and Protection Treaty.
Jun 28, 2015, 11:28 AM IST
Six discoveries by Cairn in last 1 yr in Rajasthan Block
The 3,111 square kilometer Rajasthan block RJ-ON-90/1 consists of three contiguous development areas Development Area (DA) 1 which comprises the Mangala, Aishwariya, Raageshwari and Saraswati (MARS) fields; DA 2 consisting of the Bhagyam, NI, NE and Shakti fields; and DA 3, having the Kaameshwari West fields.
Jun 23, 2015, 17:54 PM IST
Cairn-Vedanta deal: LIC expresses doubts over valuations, debt
LIC owns 9.06 percent in Cairn India, second only to 9.82 percent of UK's Cairn Energy plc. LIC also has a minority 1.77 percent holding in Vedanta. The merger needs approval of at least half of the minority shareholders.
Jun 16, 2015, 22:35 PM IST
Anil Agarwal rules out raising offer price for Cairn
Notwithstanding the criticism of minority shareholders of Cairn India getting a raw deal, billionaire Anil Agarwal Tuesday ruled out his debt-ridden mining firm Vedanta Ltd raising the offer to absorb the cash rich oil firm.
Jun 16, 2015, 20:58 PM IST
