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$1.25 bn loan from Cairn India win-win for both: Vedanta

$1.25 bn loan from Cairn India win-win for both: Vedanta

Last Updated: Tuesday, July 29, 2014, 20:13

Analysts were of the view that the if Cairn did not have a better usage of its cash, it should have rewarded its shareholders buy way of bonus etc.

Cairn seeks ONGC nod to extend Rajasthan block permit beyond 2020

Last Updated: Sunday, July 27, 2014, 16:26

Sources said as a licensee, ONGC has concerns on royalty which it would be like to be addressed at the time of extension.

Cairn India gives surprise $1.25 bn loan to Vedanta; stock tanks

Last Updated: Thursday, July 24, 2014, 18:13

After using its cash to help new promoter raise stake in the company, Cairn India has loaned out USD 1.25 billion to Vedanta Group, leading to its stock dropping by the most in five years.

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

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 to invest $200 mn in Rajasthan gas field

Last Updated: Thursday, June 19, 2014, 16:15

The USD 200 million investment during FY2015-17 will be towards developing existing Raageshwari Deep Gas field and associated field facilities and pipeline.

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.

ONGC to hike stake in Cairn block

Last Updated: Monday, June 16, 2014, 13:05

Though the royalty is later cost recovered, the company faces cash flow issues because of the payment.

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.