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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.

Cairn's Rajasthan oil fields may return to ONGC

Last Updated: Sunday, May 25, 2014, 13:38

The Rajasthan Production Sharing Contract (PSC) provides for ONGC becoming the owner of all facilities once their cost is recovered from sale of crude oil, sources said.

India needs to resolve tax issues with MNCs: Gammell

Last Updated: Monday, May 19, 2014, 12:19

India's new government needs to resolve taxation issues dogging multinational companies if it wants to encourage foreign direct investment, said Bill Gammell, who retired last week as chairman of Cairn Energy.

Cairn agrees $575 mn loan to help develop oil fields

Last Updated: Thursday, May 15, 2014, 18:03

Oil explorer Cairn Energy has agreed a $575 million loan to help it to develop North Sea fields in a move welcomed by analysts as an indication that a tax dispute over its Indian assets will not cause any long-term damage to the company.

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