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Supreme Court upholds Cairn-Vedanta deal

Last Updated: Thursday, May 09, 2013, 11:41

The Supreme Court on Thursday refused to interfere in USD 8.5 billion Cairn-Vedanta deal and dismissed a PIL challenging its validity.

SC reserves verdict in PIL challenging Cairn-Vedanta deal

Last Updated: Wednesday, April 03, 2013, 19:30

A bench of justices K S Radhakrishnan and Dipak Misra concluded the hearing in which Vedanta and ONGC defended the deal and the Centre also asserted that there was nothing wrong with it.

It will be difficult to reverse Cairn-Vedanta deal: SC

Last Updated: Monday, July 23, 2012, 20:30

A bench of justices D K Jain and Madan B Lokur asked the Centre, Cairn India Ltd and other parties to file their couter affidavits within four weeks.

Vedanta's core profits up 12.9% to $4 bn in 2011-12

Last Updated: Thursday, May 17, 2012, 14:44

India-focused mining conglomerate Vedanta Resources on Thursday reported a 12.9 percent growth in its core profits to USD 4.026 billion for the year 2011-12, buoyed by earnings from recently acquired Cairn India and higher output in zinc, silver, and power.

SC seeks Centre's response on PIL against Cairn-Vedanta deal

Last Updated: Monday, April 23, 2012, 15:41

The Supreme Court Monday sought the Centre's response to a plea challenging the validity of the USD 8.5 billion Cairn-Vedanta deal and seeking a CBI probe into the reasons for ONGC and government in "not asserting" their legal rights on the issue.

Cairn India jumps 4% on decent Q3 numbers

Last Updated: Wednesday, January 25, 2012, 12:18

Shares of Cairn India on Wednesday surged over 4 percent in morning trade after the company reported decent earnings for the third quarter.

Cabinet gives final nod to Cairn-Vedanta deal

Last Updated: Tuesday, January 24, 2012, 20:29

The Union Cabinet on Tuesday gave final approval to London-based mining group Vedanta Resources Plc's acquisition of a majority stake in Cairn India Ltd for USD 8.48 billion.

Cairn-Vedanta deal: OilMin goes to Cabinet again

Last Updated: Monday, January 09, 2012, 20:10

The USD 8.48-billion Cairn-Vedanta deal may have concluded and all government pre-conditions met, but the Oil Ministry has approached the Cabinet again for a fresh approval in view of the Home Ministry pointing to the alleged global and domestic "transgressions" by Vedanta group.

Vedanta appoints 3 directors on Cairn India board

Last Updated: Friday, December 16, 2011, 20:45

Close on the heels of completing acquisition of Cairn India, London-based mining group Vedanta has appointed three nominees, including its vice chairman Navin Agarwal and Priya Agarwal, on the company board.

Vedanta says has satisfied all terms for Cairn India takeover

Last Updated: Tuesday, December 06, 2011, 20:52

Vedanta is buying 40 percent stake of British oil firm Cairn Energy Plc in Cairn India for about USD 6 billion.

ONGC gives NOC for sale of Cairn India to Vedanta

Last Updated: Tuesday, December 06, 2011, 18:31

Cairn Energy had in August last year announced the sale of its 40 per cent interest in Cairn India to Vedanta.

Home ministry clears Cairn-Vedanta deal

Last Updated: Monday, December 05, 2011, 16:33

Cairn Energy has been waiting for more than a year to conclude the deal which will see miner Vedanta buy a majority stake in oil producer Cairn India.