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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.

Crude oil production up 1.6%, natural gas down 10% in Dec

Last Updated: Friday, January 24, 2014, 21:40

India's crude oil production rose 1.6 percent in December but natural gas output was down by 10 percent by the flagging eastern offshore KG-D6 fields of Reliance Industries.

I-T Dept restrains Cairn Energy from selling India stake

Last Updated: Friday, January 24, 2014, 15:29

The Income Tax Department, which is probing Cairn Energy plc's transfer of India assets, has asked the UK-based company not to dispose of its 10.3 percent holding in Cairn India.

Cairn India profit declines 14% on foreign-exchange loss

Last Updated: Thursday, January 23, 2014, 19:02

Cairn India on Thursday reported a 14 percent drop in its December quarter net profit after record revenue from highest ever production was negated by a foreign-exchange loss.

Vedanta shareholders okay Cairn India share buyback

Last Updated: Monday, January 13, 2014, 19:49

Mining conglomerate Vedanta Resources Plc said it received 99.89 percentage of votes in favour of a proposed share buyback worth up to 57.25 billion rupees by its oil and gas unit Cairn India Ltd.

Cairn India to invest Rs 3,000 cr to improve oilfield recovery

Last Updated: Monday, January 13, 2014, 16:17

The schemes will help recover over 90 million barrels of oil in the Rajasthan block and sustain peak output for a longer time.

Cairn India bids for one block in Sri Lanka; OVL skips

Last Updated: Friday, December 06, 2013, 13:29

Cairn India Ltd has bid for one oil and gas exploration block in Sri Lanka while ONGC Videsh did not bid for any of the 13 blocks on offer in that country mainly due to poor prospectivity.

Cairn India to invest up to $750mn on KG-Basin Block over 5 years

Last Updated: Thursday, December 05, 2013, 15:53

Once the DGH approval comes, the JV will invest USD 700-750 million over 3-5 years on the Block. The investment includes creation of necessary infrastructure and production, sources said.