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Cairn buys less than 2% in share buy back

Last Updated: Thursday, April 24, 2014, 21:05

Billionaire Anil Agarwal's Cairn India has bought less than 2 percent of the 17.09 crore shares it is looking to buyback to give the mining baron greater control over the nation's largest private oil producer.

Cairn India net up 18% in Q4

Last Updated: Wednesday, April 23, 2014, 19:32

Net profit in the January-March quarter rose to Rs 3,035 crore, or Rs 15.85 per share, from Rs 2,564 crore, or Rs 13.41 a share, a year ago, the company said in a statement here. Sales climbed 16 percent to Rs 5,049 crore.

Five firms buying back shares worth Rs 6,000 cr this year

Last Updated: Friday, April 18, 2014, 15:13

As many as five listed companies, including Cairn India and DCM Shriram, have announced plans to buyback shares worth nearly Rs 6,000 crore from shareholders this year so far.

Cairn Energy seeks shareholder nod to sell Cairn India stake

Last Updated: Wednesday, April 16, 2014, 22:28

Cairn Energy had said in a regulatory filing after the annual general meeting on May 16, 2013, that shareholders had authorised the board to dispose of all or part of the company's residual interest in Cairn India.

Oil ministry seeks more flexibility for exploration companies

Last Updated: Monday, April 14, 2014, 18:38

The Oil Ministry has approached the Cabinet to give companies including Cairn India and Reliance Industries greater flexibility to continue exploring for oil and gas even after the expiry of deadlines.

Mike Watts, who found oil in Thar desert, to quit Cairn Energy

Last Updated: Thursday, April 10, 2014, 17:43

Dr Mike Watts, the man credited with discovering India's largest onland oil field in Rajasthan, will step down from the board of Cairn Energy plc in mid-May.

I-T Dept slaps two more notices on Cairn Energy

Last Updated: Thursday, April 03, 2014, 16:10

Cairn faces a potential tax demand on an alleged Rs 24,500 crore of capital gains it made when in 2006-07 it transfered all its India assets to a new company, Cairn India.

Cairn Energy suspends share buyback due to tax dispute

Last Updated: Tuesday, March 18, 2014, 16:11

Cairn Energy had in October last year announced a USD 300 million programme to buy-back shares for cancellation.

Global firms need patience to invest in India: Anil Agarwal

Last Updated: Friday, March 07, 2014, 16:18

Vedanta group Chairman Anil Agarwal on Friday said the global business community needs to have patience while investing in India because the country is going through a transitional phase.

Bill Gammell to retire from Cairn Energy

Last Updated: Monday, March 03, 2014, 14:28

Scottish explorer Cairn Energy plc Monday announced that its non-executive Chairman Bill Gammell will retire by mid-May.

Cairn Energy plc says fully tax compliant

Last Updated: Friday, January 31, 2014, 14:02

Facing a potential tax demand on an alleged Rs 24,500 crore of capital gains it made on transferring India assets to a new company, Scottish explorer Cairn Energy plc Friday said it was fully compliant with the tax legislation in force when it operated in the country.

'Cairn UK did not pay tax on Rs 24,503.50 cr of capital gains'

Last Updated: Tuesday, January 28, 2014, 01:56

This payment that the UK firm received was against its entire investment of Rs 2,178.36 crore (251.22 million pounds) in the India business.