Cairn India shares slip 4.5% on Vedanta merger buzz

Last Updated: Tuesday, June 9, 2015, 18:29

Shares of Cairn India on Tuesday fell by 4.5 percent amid reports that the metals and mining giant Vedanta is considering merging the company with itself.

Cairn India to merge with Vedanta Ltd; to pare debt

Last Updated: Tuesday, June 9, 2015, 18:21

The merger will help cut Vedanta's Rs 37,636 crore gross debt by using Rs 16,870 crore cash lying with Cairn as well as over Rs 14,000 crore of cash the firm generates every year.

Vedanta India to acquire up to 5.33% stake in Cairn India

Last Updated: Thursday, May 28, 2015, 12:35

Vedanta India will acquire up to 5.33 per cent stake, worth over Rs 2,200 crore, in its group concern Cairn India next week.

Vedanta says will work to lift cap on India iron ore output

Last Updated: Wednesday, May 27, 2015, 15:05

A mining ban that had been in place in Goa since September 2012 was lifted last year, but the resumption of operations was delayed while the government gave environmental clearance.

Vedanta's Cairn India impairment credit negative: Moody's

Last Updated: Monday, May 4, 2015, 18:33

Ratings agency Moody's Monday said metals and mining major Vedanta Resources' over Rs 19,000 crore impairment in Cairn India is credit negative as it implies a longer pay back period.

Vedanta reports net loss of Rs 19,228.12 cr in Q4

Last Updated: Wednesday, April 29, 2015, 22:05

Vedanta Ltd Wednesday reported a consolidated net loss of Rs 19,228.12 crore in the quarter ended March 31 due to impairment charge relating largely to Cairn India acquisition goodwill.

Rs 20K crore tax calculated on wrong principles: Cairn to HC

Last Updated: Wednesday, April 29, 2015, 19:33

Cairn India on Wednesday told the Delhi High Court that the Rs 20,495 crore demand slapped on it by the Income Tax department has been calculated on "wrong" principles and it would come to around Rs 5000 crore.

Vedanta ropes in Anuradha Dutt as addl independent director

Last Updated: Tuesday, April 28, 2015, 17:50

Vedanta on Tuesday appointed prominent lawyer Anuradha Dutt an additional independent director to its board.

Vedanta eyeing minority stake in Electrosteel Steels

Last Updated: Sunday, April 26, 2015, 10:49

"There has been initial talks in this matter between Vedanta and Electorsteel, however nothing is finalised yet," a person privy to the matter said.

Vedanta slaps Notice of Claims on Government

Last Updated: Friday, March 27, 2015, 21:22

Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India.

Govts keen on better fuels, automobile industry stalling: CSE

Last Updated: Thursday, March 12, 2015, 22:12

Terming diesel as 'villain' of the air pollution, environmental experts said Thursday technology for better fuels was available and governments were keen to act to move ahead but only automobile industry seems to be 'stalling' it and they needs to be brought on board.

Moody's revises Vedanta's outlook to negative

Last Updated: Monday, January 19, 2015, 23:29

Global rating agency Moody's Monday revised mining major Vedanta's credit outlook to "negative" from "stable" citing adverse impact of weak commodity prices as a major factor for the downward revision.