I-T dept to defend Rs 20,495-cr tax claim on Cairn India
The Income Tax Department will defend the Rs 20,495-crore tax claim it has made on Cairn India even after the company is merged with its parent Vedanta Ltd.
Jun 16, 2015, 17:50 PM IST
Merger to strengthen financial performance of Vedanta Resources: S&P
The proposed merger of two Vedanta Resources firms, Cairn India with Vedanta Ltd, will improve the financial performance of the group company, global agency Standard & Poor's (S&P) said.
Jun 15, 2015, 22:22 PM IST
Anil Agarwal meets Arun Jaitley; discusses Vedanta-Cairn merger
Keen to get LIC support for his debt-ridden miner Vedanta Ltd absorbing cash-rich Cairn India, billionaire Anil Agarwal Monday met Finance Minister Arun Jaitley to explain the merger that hinges on minority shareholder support.
Jun 15, 2015, 21:48 PM IST
Cairn India climbs 4%, post $2.3-bn Vedanta deal
Shares of Cairn India ended with nearly 4 percent gains Monday following the decision to merge the oil firm with private miner Vedanta Ltd in a USD 2.3-billion deal.
Jun 15, 2015, 18:08 PM IST
Cairn India, Vedanta shares jump on $2.3 bn deal
Cairn India went up 3.54 percent to Rs 187.15 on BSE. Shares of Vedanta too climbed 2.82 percent to Rs 189.20 on BSE.
Jun 15, 2015, 12:52 PM IST
'Frustrated' by Rs 20,495-crore tax demand on Cairn: Vedanta
With its subsidiary Cairn India facing Rs 20,495-crore tax notice, billionaire Anil Agarwal-led Vedanta Group Sunday said it is "frustrated" by the tax demand raised on it using retrospective legislation.
Jun 14, 2015, 18:21 PM IST
Cairn India to merge into Vedanta in $2.3 bn all-share deal
In its biggest consolidation, billionaire Anil Agarwal's group Sunday announced merger of its cash-rich oil company Cairn India with parent Vedanta to cut debt at the struggling resources arm.
Jun 14, 2015, 14:38 PM IST
Cairn India, Vedanta Boards to meet on Sunday for merger talks
The Boards of Cairn India and Vedanta Ltd will separately meet Sunday to discuss on the proposed merger of the firms.
Jun 13, 2015, 18:40 PM IST
Cairn India, Vedanta boards to meet on Sunday amid merger speculation
On Friday, India`s oil minister, Dharmendra Pradhan, told Reuters he had met Cairn executives this week to discuss the potential merger and a source familiar with the matter had said the deal could be announced as early as Sunday.
Jun 13, 2015, 16:22 PM IST
Govt to hike Cairn's Ravva gas price by 20%
Cairn gets USD 4.3 per million British thermal unit (mmBtu) for gas from Ravva Satellite field.
Jun 11, 2015, 14:57 PM IST
Cairn India seeks to export oil despite ban
Cairn India, backed by billionaire Anil Agarwal, did not respond to telephone calls and an email seeking comment about the export notice.
Jun 10, 2015, 22:06 PM IST
Cairn India recoups loss, shares end 7% up
Shares of Cairn India bounced back 7 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.
Jun 10, 2015, 18:31 PM IST
Cairn India recoups loss, jumps nearly 6%
Shares of Cairn India bounced back nearly 6 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.
Jun 10, 2015, 13:24 PM IST
Cairn India shares slip 4.5% on Vedanta merger buzz
Shares of Cairn India on Tuesday fell by 4.5 percent amid reports that the metals and mining giant Vedanta is considering merging the company with itself.
Jun 09, 2015, 18:29 PM IST
Cairn India slips nearly 6% on Vedanta merger buzz
The Cairn India stock fell 5.56 percent to Rs 170.60, its 52-week low, on BSE. On NSE, it was down 5.69 percent at Rs 170.55.
Jun 09, 2015, 13:20 PM IST
Vedanta acquires 4.98% stake in Cairn India for $ 315 mn
Vedanta Ltd, formerly Sesa Sterlite, has acquired 4.98 percent stake in Cairn India for USD 315 million from a wholly-owned subsidiary Twinstar Mauritius Holdings (TSMHL).
Jun 03, 2015, 23:30 PM IST
Vedanta India to acquire up to 5.33% stake in Cairn India
Vedanta India will acquire up to 5.33 per cent stake, worth over Rs 2,200 crore, in its group concern Cairn India next week.
May 28, 2015, 12:35 PM IST
Cairn names ex-Bulgarian minister arbitrator for tax dispute
Cairn Energy of UK has named former Bulgarian minister and lawyer Stanimir A. Alexandrov as its arbitrator for resolution of the Rs 10,247-crore tax demand the Indian government had slapped on it using retrospective taxation.
May 25, 2015, 21:23 PM IST
Cairn seeks revision in Rajasthan block's pricing formula
Cairn India has demanded a change in the pricing formula for crude oil from its prolific Rajasthan block saying the current pricing mechanism does not capture the full value of oil.
May 18, 2015, 16:22 PM IST
Vedanta's Cairn India impairment credit negative: Moody's
Ratings agency Moody's Monday said metals and mining major Vedanta Resources' over Rs 19,000 crore impairment in Cairn India is credit negative as it implies a longer pay back period.
May 04, 2015, 18:33 PM IST
