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Cairn India News
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
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.
Vedanta-Cairn India merger: Is it really a sweet deal?
Tue, Jul 26, 2016
Minority shareholder will be implied to a premium of 20% to one month Volume-Weighted Average Price (VWAP) of Cairn India share price.
Vedanta sweetens Cairn merger deal; makes 1+4 offer for shareholders
Sat, Jul 23, 2016
In an attempt to salvage the merger of cash-rich oil firm Cairn India with its debt-laden parent Vedanta Ltd, the company on Friday sweetened the deal by offering three additional preference shares in hope of winning over minority shareholders like Life Insurance Corporation of India (LIC).
Watch top 5 stories of the day; From attack in Munich to EPFO subscribers likely to get cheaper home loans soon
Sat, Jul 23, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of the day: 1. Munich attack: 10 killed in 'Shooting Rampage'
Watch top 5 stories of this night; From Vedanta's revision of merger terms with Cairn India to rail commuters to get Rs 10 lakh insurance at Re 1
Fri, Jul 22, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this night: 1. Vedanta revises terms for merger with Cairn India
Vedanta, Cairn India announce revised terms for the merger
Fri, Jul 22, 2016
The pro-forma ownership in Vedanta Ltd will now be where Vedanta Ltd shareholders have 79.8% and Cairn India shareholders own 20.2%.
Cairn India Q1 consolidated net profit falls 28%
Thu, Jul 21, 2016
Cairn India on Thursday reported over 28% fall in the consolidated net profit in the first quarter (Q1) ended on June 30, 2016.
Cairn Energy seeks nearly $6 billion compensation from Indian govt
Tue, Jul 12, 2016
British explorer Cairn Energy has sought $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.
Vedanta generates Rs 11,000 crore free cash flow, reduces net debt
Wed, Jun 29, 2016
For Cairn India, the enhanced oil recovery project at Mangala oil-field has been very successful.
Cairn’s production sharing agreement to get an extension?
Mon, Jun 13, 2016
Sources in the petroleum ministry said that Cairn India and ONGC have reached a resolution on the PSC. “Cairn India may get a 10-year extension post 2020,” they said.
Cairn India's CEO Mayank Ashar quits
Sat, May 21, 2016
Appointed CEO in October 2014, Ashar "has decided to step down for personal reasons effective June 5, 2016," Cairn said in a statement.
Vedanta unit seeks rollover of controversial Rs 8,300 crore loan from Cairn India
Sun, May 01, 2016
The loan had become controversial in 2014 as Cairn had not disclosed extending of loan to its new parent Group.
Vedanta stocks rise over 5% as net loss narrows in Q4
Fri, Apr 29, 2016
Vedanta on Thursday reported a consolidated net loss of Rs 11,181.26 crore in the March quarter of the last fiscal due to a non-cash impairment charge of Rs 12,304 crore largely relating to Cairn India.
Vedanta posts Q4 loss of Rs 11,181 crore on impairment charge
Thu, Apr 28, 2016
On outlook, Albanese said from mid-2015 to February 2016 rising US dollar, depreciating Chinese currency and pessimism over China's economy impacted global markets and the company.
Sensex posts second straight fall; Reliance slips
Mon, Apr 25, 2016
Sentiment was also hit as Asian shares skidded ahead of central bank meetings in the United States and Japan this week.
Oil woes: Within a year, Cairn India cuts capex from $1.2 billion to $100 million
Sun, Apr 24, 2016
Battered by a slump in oil prices, Cairn India has slashed its capital expenditure for 2016-17 by a third to USD 100 million (around Rs 660 crore).
Oil prices: Cairn India's loss, Reliance Industries' gain
Sat, Apr 23, 2016
Reliance Industries Ltd (RIL), an Indian conglomerate, on Friday, posted its highest quarterly net profit in over eight years as fall in oil prices boosted refining and petrochem margins.
Cairn India reports biggest quarterly loss of Rs 10,948 crore in Q4 FY16
Sat, Apr 23, 2016
It had posted a net loss of Rs 240.82 crore in the same period a year ago, said a company statement.