Cairn India

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

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

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

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

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

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

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

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 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 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 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

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 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
Vedanta Resources shareholders approve Cairn India merger

Vedanta Resources shareholders approve Cairn India merger

Mining conglomerate Vedanta Resources Tuesday said its shareholders have approved the merger of group firms Vedanta Ltd and Cairn India.

Sep 06, 2016, 18:34 PM IST
Cairn tax dispute: India has to respond by Nov on $5.6 bn compensation demand, says CEO

Cairn tax dispute: India has to respond by Nov on $5.6 bn compensation demand, says CEO

India has time till November to respond to Cairn Energy's demand for USD 5.6 billion compensation in the retrospective tax case, said CEO of the British oil firm, Simon Thomson.

Aug 25, 2016, 16:54 PM IST
Jobs in entrepreneurial companies not for life: Vedanta CEO Tom Albanese

Jobs in entrepreneurial companies not for life: Vedanta CEO Tom Albanese

With three CEOs quitting since it took over oil producer Cairn India, mining mogul Anil Agarwal's Vedanta Ltd has defended the high turnover, saying jobs in entrepreneurial companies are not for life and is based on what people can do for the company in future.

Aug 21, 2016, 14:21 PM IST