Cairn India shares down nearly 4% as Q1 net falls

Last Updated: Wednesday, July 22, 2015, 13:41

Shares of Cairn India fell by nearly 4 percent today after the company reported a 24 percent drop in June quarter net profit.

Not getting fair value in Cairn-Vedanta merger: Shareholders

Last Updated: Tuesday, July 21, 2015, 22:12

Minority shareholders of Cairn India Tuesday raised concern over the company not getting a "fair valuation" in the USD 2.3 billion all-share merger with parent Vedanta Ltd and use of its over Rs 24,000 crore of cash pile.

Cairn India Q1 net falls 24% as oil prices hit a soft patch

Last Updated: Tuesday, July 21, 2015, 21:49

Cairn India, the operator of nation's biggest onshore oilfield, Tuesday reported a 24 percent drop in its June quarter net profit due to a slide in international oil prices.

Vedanta may cut jobs at aluminium unit as prices tank

Last Updated: Tuesday, July 21, 2015, 17:00

The aluminium business of Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports, its head told Reuters, urging the government to double the tariffs on foreign supply.

Cairn India says merger with parent Vedanta is on track

Last Updated: Tuesday, July 21, 2015, 15:03

Shareholders in Cairn India, the country`s largest private sector crude oil producer, are to get one share in mining giant Vedanta and one redeemable preference share under a $2.3 billion deal to buy out minorities announced in June.

Cairn India for stable and predictable investment regime

Last Updated: Tuesday, July 21, 2015, 13:55

Cairn India, the operator of nation's biggest onland oilfield, on Tuesday demanded a stable and predictable investment regime and consistency in policy to boost investor confidence.

Vedanta-Cairn merger to be good for both's shareholders: Anil Agarwal

Last Updated: Saturday, July 11, 2015, 19:18

Listing the positives of the proposed merger of Cairn India with his Vedanta Ltd, its chairman Naveen Agarwal said that the move would not only strengthen the company`s cash-flows but also allow Cairn India`s shareholders to get access to Vedanta`s well invested metals and mining assets which have low cost and long life.

Anil Agarwal's bonus up 28% to Rs 8.85 cr in FY15

Last Updated: Sunday, July 5, 2015, 12:29

Vedanta in its annual report to shareholders, ahead of its annual general meeting (AGM) on August 3 in London, said the base compensation for Agarwal will remain unchanged at 1.608 million pounds.

Govt rejects Cairn's arbitration on tax dispute

Last Updated: Sunday, June 28, 2015, 11:28

The government has rejected Cairn Energy UK's plea for an arbitration over Rs 10,247-crore tax dispute saying taxation is not covered under the UK-India Investment Promotion and Protection Treaty.

Six discoveries by Cairn in last 1 yr in Rajasthan Block

Last Updated: Tuesday, June 23, 2015, 17:54

The 3,111 square kilometer Rajasthan block RJ-ON-90/1 consists of three contiguous development areas Development Area (DA) 1 which comprises the Mangala, Aishwariya, Raageshwari and Saraswati (MARS) fields; DA 2 consisting of the Bhagyam, NI, NE and Shakti fields; and DA 3, having the Kaameshwari West fields.

Cairn-Vedanta deal: LIC expresses doubts over valuations, debt

Last Updated: Tuesday, June 16, 2015, 22:35

LIC owns 9.06 percent in Cairn India, second only to 9.82 percent of UK's Cairn Energy plc. LIC also has a minority 1.77 percent holding in Vedanta. The merger needs approval of at least half of the minority shareholders.

Anil Agarwal rules out raising offer price for Cairn

Last Updated: Tuesday, June 16, 2015, 20:58

Notwithstanding the criticism of minority shareholders of Cairn India getting a raw deal, billionaire Anil Agarwal Tuesday ruled out his debt-ridden mining firm Vedanta Ltd raising the offer to absorb the cash rich oil firm.