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Cairn India June quarter profit plunges 65% to Rs 1,093 cr

Cairn India June quarter profit plunges 65% to Rs 1,093 cr

Last Updated: Wednesday, July 23, 2014, 19:55

Cairn India Wednesday reported a 65 percent drop in its first quarter net profit after booking a one-time depreciation charge on new accounting rules, and said it will invest USD 200 million in developing a gas find in predominantly oil-rich Rajasthan block.

Need for predictable taxes, contract sanctity: Cairn India

Need for predictable taxes, contract sanctity: Cairn India

Last Updated: Wednesday, July 23, 2014, 18:40

As it looks at policy support to boost output from Rajasthan oil block, Cairn India Wednesday called for predictable taxes and fiscal regime together with maintaining contract sanctity to aid production increase.

India oil output drops marginally in May, gas production dips

Last Updated: Tuesday, June 24, 2014, 18:16

India's crude oil production dropped marginally in May as a fall in output at fields operated by state-owned ONGC and OIL negated increased flows from private firms including Cairn India.

Cairn India pays outgoing CEO bonus of Rs 2.51 cr

Last Updated: Sunday, June 22, 2014, 17:33

Cairn India's outgoing interim CEO was paid a bonus of Rs 2.51 crore for 2013-14 but his total compensation was a third of what the firm's last full time chief executive got.

Investors switching to Cairn India from GAIL

Last Updated: Friday, June 20, 2014, 16:32

GAIL is currently trading at 11 times of its FY16 earnings while Cairn India is trading at seven times, Thomson Reuters data shows.

Cairn gets environmental nod to raise oil production

Last Updated: Tuesday, June 17, 2014, 11:08

Cairn India has received environmental nod for raising crude oil production from its prolific Rajasthan fields by 50 percent to 300,000 barrels per day.

Fitch downgrades Vedanta to 'BB'; withdraws ratings

Last Updated: Friday, June 06, 2014, 19:30

International rating agency Fitch today downgraded Anil Agrawal promoted Vedanta's credit rating to 'BB' from BB+ with a stable outlook and then withdrew its ratings.

31 buyback offers worth Rs 4,426 cr closed in FY'14: Report

Last Updated: Thursday, May 15, 2014, 16:04

Indian firms bought back shares worth over Rs 4,400 crore from public through in 2013-14, achieving just 78 percent of the target.

Cairn to assess impairments relating to India in August

Last Updated: Thursday, May 15, 2014, 13:12

Cairn Energy, Cairn India Ltd, Shell, Capgemini, Cairn shares, India's tax authorities

Cairn India CEO Elango quits

Last Updated: Friday, May 02, 2014, 13:24

Cairn India's interim CEO P Elango has quit the company, completing the exit of all of the tier-1 management of the firm since it was acquired by mining group Vedanta Resources plc.

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.