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Cairn India

Petroleum products exporters ONGC, RIL, MRPL, Vedanta shares fall after government imposes cess on diesel, petrol; know what is triggering correction

Petroleum products exporters ONGC, RIL, MRPL, Vedanta shares fall after government imposes cess on diesel, petrol; know what is triggering correction

Fri, Jul 01, 2022

Shares of oil exploration companies and refiners witnessed a sharp fall on Friday. The fall was on the back of government's announcement to impose Special Additional Excise Duty (SAED) on export of petrol and diesel.

Vedanta-led Cairn India CEO, CFO quit firm

Vedanta-led Cairn India CEO, CFO quit firm

Thu, Apr 11, 2019

Elango's exit in 2014 had completed the exodus of the entire top management of Cairn India since Vedanta announced its intention in 2010 to buy a majority stake in the company from Scottish explorer Cairn Energy Plc. Rick Bott, who was the executive director and the chief operating officer of Cairn India, quit on June 15, 2011.

Delhi HC orders extension of Cairn India contract by 10 yrs on same terms

Delhi HC orders extension of Cairn India contract by 10 yrs on same terms

Fri, Jun 01, 2018

The Delhi High Court has ordered extension of Cairn India Ltd's Rajasthan oil block contract for 10 years beyond 2020 on old terms and conditions, the company said in a regulatory filing

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Vedanta urges govt to resolve retrospective tax issues

Vedanta urges govt to resolve retrospective tax issues

Sun, Jan 14, 2018

The demand of Rs 20,495 crore comprises Rs 10,248 crore tax and interest of Rs 10,247 crore

India not to sell Cairn Energy shares to recover tax

India not to sell Cairn Energy shares to recover tax

Sun, Nov 19, 2017

Cairn Energy holds 4.95% stake in Vedanta Ltd that the income tax department had attached in January 2014 after slapping the British firm with a Rs 10,247-crore tax demand over a decade-old internal reorganisation of Indian business.

Cairn tax dispute: I-T dept confiscates dividend, refund

Cairn tax dispute: I-T dept confiscates dividend, refund

Mon, Jun 19, 2017

The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs 2,000 crore dividend and tax refund, to recover part of the Rs 10,247 crore retrospective tax.

Vedanta completes Cairn merger

Vedanta completes Cairn merger

Tue, Apr 11, 2017

In July last year, Vedanta had sweetened its merger proposal to win over minority shareholders like LIC.

Vedanta announces Rs 6,580 crore dividend payout

Vedanta announces Rs 6,580 crore dividend payout

Thu, Mar 30, 2017

The board of directors of the company have also approved the second interim dividend of Rs 17.70 per equity share i.E. 1,770 per cent on face value of Re1 per share for the financial year 2016-17, the company said.

RBI approval left for Cairn-Vedanta merger; shares gain

RBI approval left for Cairn-Vedanta merger; shares gain

Tue, Mar 28, 2017

Cairn, in a BSE filing on Tuesday said, "The company has now received all the required approvals in relation to the scheme of arrangement between Vedanta Limited and Cairn India and their respective shareholders and creditors ('Scheme'), save and except the approval of RBI for issuance of redeemable preference shares to the non-resident shareholders of Cairn India."

Hindustan Zinc special dividend credit positive for Vedanta Resources: Moody's

Hindustan Zinc special dividend credit positive for Vedanta Resources: Moody's

Sat, Mar 25, 2017

Once complete, Vedanta Ltd will have access to Cairn India's large cash balance of USD 3.6 billion and its future cash flow.

Shares of Vedanta and Cairn India gains after receiving NCLT nod on merger

Shares of Vedanta and Cairn India gains after receiving NCLT nod on merger

Thu, Mar 23, 2017

Vedanta in a BSE filing said, “The National Company Law Tribunal has approved the scheme of arrangement between Vedanta and Cairn India, and their respective shareholders and creditors ('Scheme').

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

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

Sat, Mar 11, 2017

The tribunal also said that Cairn India should have withheld tax on capital gains made by its parent company.

Vedanta to invest $10 billion on expanding business

Vedanta to invest $10 billion on expanding business

Sun, Feb 19, 2017

"We have the potential to spend $10 billion over a period of five years; we are looking at 3,50,000 barrel of oil... To have 100,000 barrel equivalent to gas. We are looking to integrate 3 million tonnes capacity for the aluminium," the mining baron told PTI in a telephonic interview.

Cairn India gets nod for drilling 64 exploratory, appraisal wells in KG-Basin

Cairn India gets nod for drilling 64 exploratory, appraisal wells in KG-Basin

Tue, Jan 17, 2017

A committee under the Ministry of Environment, Forests and Climate Change has given a green signal to Cairn India for undertaking drilling works of 64 exploratory and appraisal wells in KG-OSN-2009/3 block in KG basin at Prakasam and Guntur districts of Andhra Pradesh.

India gets six more weeks to respond to Cairn Energy arbitration

India gets six more weeks to respond to Cairn Energy arbitration

Sun, Nov 20, 2016

Its counsel argued that the government wants the arbitration initiated by Vedanta to be taken up first.

Cairn writes to Modi on tax dispute ahead of UK PM's visit

Cairn writes to Modi on tax dispute ahead of UK PM's visit

Mon, Nov 07, 2016

The government, using retrospective tax legislation, had in January 2014 issued a tax notice on Cairn Energy for alleged capital gains it made on a 10-year old internal reorganisation of its India unit.

ONGC, Cairn face Rs 730 crore service tax on royalty payments

ONGC, Cairn face Rs 730 crore service tax on royalty payments

Thu, Nov 03, 2016

Companies currently pay 9.09% of the price they realise on oil and gas produced from onland.

Vedanta's Q2 net profit grows 17% to Rs 1,251 crore

Vedanta's Q2 net profit grows 17% to Rs 1,251 crore

Fri, Oct 28, 2016

The company stated that the board of directors at its meeting held on October 28 declared an interim dividend of Rs 1.75 per share.

Delhi High Court dismisses Cairn India plea on crude export

Delhi High Court dismisses Cairn India plea on crude export

Tue, Oct 18, 2016

Oil and Gas Company Cairn India’s plea to export crude oil from its Barmer oil field in Rajasthan was rejected from Delhi High court on Tuesday. The court said that Cairn can invoke dispute resolution mechanism.

Vedanta Resources pays nearly Rs 13,306 crore in royalties, taxes to India in FY16

Vedanta Resources pays nearly Rs 13,306 crore in royalties, taxes to India in FY16

Mon, Oct 03, 2016

Mining giant Vedanta Resources has paid more than $2 billion (nearly Rs 13,305.5 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.

Cairn India shareholders approve merger with Vedanta

Cairn India shareholders approve merger with Vedanta

Mon, Sep 12, 2016

The Bombay High Court had passed an order in July asking the company to have a meeting of equity shareholders with regards to the decision to merge Cairn India with Vedanta.

Vedanta-Cairn merger gets shareholders nod

Vedanta-Cairn merger gets shareholders nod

Tue, Sep 06, 2016

It said in the statement,"Vedanta Resources plc announces that at its General Meeting held today, Tuesday 6 September, the resolution put to shareholders in relation to the proposed merger of Vedanta Limited and Cairn India Limited (the "Merger") was duly passed on a poll."

Vedanta Resources aims to close merger with Cairn India in early 2017

Vedanta Resources aims to close merger with Cairn India in early 2017

Sat, Aug 06, 2016

The deal, which will give Vedanta access to oil and gas explorer Cairn India`s $3.5 billion cash pile, has faced opposition from some big minority shareholders, including British-based Cairn Energy, but Albanese said he did not foresee obstacles.

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