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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.

Hindustan Zinc makes highest dividend payout

Hindustan Zinc makes highest dividend payout

Vedanta Group firm Hindustan Zinc (HZL) on Wednesday announced a special dividend of Rs 13,985 crore for 2016-17, taking the aggregate amount paid by it for the fiscal to Rs 27,157 crore, the largest such payout by any company in the country.

Cairn liable to pay Rs 10,247 crore capital gains tax: ITAT

Cairn liable to pay Rs 10,247 crore capital gains tax: ITAT

Tax tribunal ITAT as upheld levy of Rs 10,247 crore capital gains tax on UK's Cairn Energy Plc but has held that interest cannot be charged on it as the demand was raised using retrospective tax legislation.

Vedanta Group Q3 EBIDTA jumps 79% to $882 mn

Vedanta Group Q3 EBIDTA jumps 79% to $882 mn

Vedanta Resources Group's operating profit almost doubled to USD 882.3 million for the quarter ended December, while revenue rose 26 percent to USD 3.06 billion on the back of higher production volumes mainly zinc.

Budget 2017: Exclusive conversation with Anil Agarwal, Chairman of Vedanta Group

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Budget 2017 : Exclusive conversation with Anil Agarwal, Chairman of Vedanta Group

Exclusive conversation with Anil Agarwal, Chairman of Vedanta Group. Watch complete news story to get the detailed news updates!

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.

SC denies nod to Vedanta Group for exporting iron ore from Karnataka

The Supreme Court on Thursday refused permission to Vedanta Group to export iron ore mined from Karnataka while allowing National Mineral Development Corporation (NMDC) to continue with the dual pricing of the minerals.

Cairn Energy seeks $5.6 billion compensation from India for raising retrospective tax demand

Cairn Energy seeks $5.6 billion compensation from India for raising retrospective tax demand

British explorer Cairn Energy has sought USD 5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore on 10-year old internal reorganisation of its India unit.

Anil Agarwal wants to model Vedanta on GE lines

Anil Agarwal wants to model Vedanta on GE lines

The Patna-born mining mogul Anil Agarwal plans to convert his group Vedanta Resources Plc into a GE-like institution -- a board-run conglomerate run by best professionals -- as he does not see his children taking over the mantle from him.

Filed suit against govt to expedite pricing case: Anil Agarwal

Filed suit against govt to expedite pricing case: Anil Agarwal

Lamenting that decision making in India could have been quicker, mining baron Anil Agarwal has said his company Cairn India filed a suit against government to "help" latter decide on price and tenure of Rajasthan oilfield faster.

Centre can't stop us from exporting crude: Cairn India to HC

Centre can't stop us from exporting crude: Cairn India to HC

Cairn India Tuesday claimed in the Delhi High Court that under Foreign Trade Policy, the Centre cannot stop it from exporting crude from its Rajasthan oil field.

Anil Agarwal firm to invest $10 bn on LCD manufacturing firm

Anil Agarwal firm to invest $10 bn on LCD manufacturing firm

 NRI billionaire Anil Agarwal today announced that it will set up India's first LCD manufacturing facility, which will see an investment of USD 10 billion (about 68,000 crore) in five phases.

Govt lost Rs 1400 crore as Cairn not allowed to export oil: HC told

Govt lost Rs 1400 crore as Cairn not allowed to export oil: HC told

Cairn India Tuesday told Delhi High Court that a loss of Rs 1400 crore has been caused to the government as the company was forced to sell its share of crude from its Rajasthan oil field to private players at prices 20 percent less than the global rates.

India has potential to attract $100 bn investment: Agarwal

India has potential to attract $100 bn investment: Agarwal

Vedanta Ltd is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil and gas.

Will try to keep loss-making Lanjigarh unit running: Vedanta

The Vedanta Group, which has set up a 1 MTPA refinery at Lanjigarh in Odisha's Kalahandi district, had earlier initiated process for gradual closure of the plant due to shortage of raw material.

'Vedanta not considering sweetening Cairn merger offer'

'Vedanta not considering sweetening Cairn merger offer'

With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal Thursday hoped he wouldn't have to sweeten the merger offer.

Forced to take tough calls to protect biz: Albanese on job cuts

Metals and mining conglomerate Vedanta Group was forced to take recourse to "tough" measures like job cuts to protect its businesses in difficult market conditions, a top company official has said.

Vedanta urges Centre for reasonable tax regime

Mining firm Vedanta Wednesday urged the government for a reasonable taxation regime, saying that iron ore mining companies shell out as high as 45 percent in taxes.

Vedanta Group has cut nearly 4,000 jobs in India since January

Vedanta Group has cut nearly 4,000 jobs in India since January

Metals and mining conglomerate Vedanta Resources, which has a sizable presence in India in oil and gas, aluminium, iron ore and zinc sectors, has slashed nearly 4,000 direct and indirect jobs in the country since January this year.