cairn india

Cairn India and PetroSA deal on oil exploration in South Africa


August 16th, 2012 - 10:17 pm ICT by IANS
New Delhi, Aug 16 (IANS) Oil and gas producer Cairn India Thursday signed a farm-in agreement with PetroSA, South Africa's national oil company, for crude oil and natural gas exploration ... Read more...

Posted in Business |

SC notice to government on plea against Cairn-Vedanta deal (Lead)


April 23rd, 2012 - 11:49 pm ICT by IANS
New Delhi, April 23 (IANS) The Supreme Court Monday issued notice on a plea urging that the acquisition of Cairn India, which holds the nation's biggest onshore oil block, by ... Read more...

Posted in Business |

SC notice to government on plea against Cairn-Vedanta deal


April 23rd, 2012 - 9:41 pm ICT by IANS
New Delhi, April 23 (IANS) The Supreme Court Monday issued notice on a plea urging that the acquisition of Cairn India, which holds the nation's biggest onshore oil block, by ... Read more...

Posted in Business |

Cairn India consolidated net profit declines 11 percent


April 20th, 2012 - 7:48 pm ICT by IANS
Mumbai, April 20 (IANS) Cairn India Friday posted an 11 percent decline in consolidated net profit at Rs.2,186.23 crore during the quarter ended March 31 against Rs.2,457.79 crore during the ... Read more...

Posted in Business |

Vedanta to consolidate subsidiaries into single entity


February 25th, 2012 - 3:53 pm ICT by IANS
Mumbai, Feb 25 (IANS) In a bid to simplify operations and save costs, mining major Vedanta Resources Saturday proposed to consolidate its various subsidiaries into a single group company ... Read more...

Posted in Business |

ONGC’s third quarter net profit down five percent


February 8th, 2012 - 8:14 pm ICT by IANS
Mumbai, Feb 8 (IANS) Oil and Natural Gas Corporation (ONGC) Wednesday reported a 4.82 percent decline in its net profit for the quarter ended Dec 31, 2011 at Rs.6,741.41 crore ... Read more...

Posted in Business |

Vedanta buys out Cairn’s India subsidiary


December 8th, 2011 - 8:06 pm ICT by IANS
Mumbai, Dec 8 (IANS) British oil explorer Cairn Energy Thursday said it has completed with Anil Agarwal-promoted Vedanta Group the transaction for the sale of 40 percent of its stake ... Read more...

Posted in Business |

Vedanta meets all conditions for stake buy out: Cairn


December 7th, 2011 - 9:35 pm ICT by IANS
Mumbai, Dec 7 (IANS) Oil explorer Cairn Energy Wednesday said it will go ahead with the sale of 40 percent of its stake in the India subsidiary to Anil Agarwal-promoted ... Read more...

Posted in Business |

Indian company drills second oil well in Sri Lanka


October 22nd, 2011 - 8:36 pm ICT by IANS
Colombo, Oct 22 (IANS) An Indian company, engaged in exploring oil in the seas of northern Sri Lanka, has begun drilling a second well, the Sri Lankan government said Saturday.Cairn ... Read more...

Posted in Sci-Tech |

Sri Lanka to call for oil exploration bids


October 6th, 2011 - 2:15 pm ICT by IANS
Colombo, Oct 6 (IANS) Sri Lanka is to call bids for oil and gas exploration for five blocks off the country's northwestern coast, a minister said Thursday.Interest in the blocks ... Read more...

Posted in Business |

Sri lanka finds first gas field off Mannar


October 3rd, 2011 - 4:14 pm ICT by IANS
Colombo, Oct 3 (IANS) Cairn India has discovered Sri Lanka's first gas field off its northwestern coast in the Sea of Mannar, Xinhua reported.President Mahinda Rajapaksa announced the discovery at ... Read more...

Posted in Business |

Sri Lanka says gas field found in northwestern sea


October 3rd, 2011 - 1:06 am ICT by IANS
Colomo, Oct 2 (IANS) Sri Lanka announced Sunday that explorers had found a gas field in the northwestern sea of the country.President Mahinda Rajapaksa made the announcement at a public ... Read more...

Posted in World |

Cairn Energy tells Indian arm to accept government terms


August 23rd, 2011 - 4:51 pm ICT by IANS
Mumbai, Aug 23 (IANS) London-based oil major Cairn Energy's board Tuesday voted in favour of accepting conditions laid out by the government for allowing sale of 40 percent of its ... Read more...

Posted in Uncategorized |

Cairn India starts oil exploration in Sri Lanka


August 6th, 2011 - 9:22 pm ICT by IANS
Colombo, Aug 6 (IANS) Cairn India Saturday began exploring for oil in Sri Lanka's northwestern Mannar basin, which is believed to hold over one billion barrels of oil.Economic Development Minister ... Read more...

Posted in Business |

India gives conditional approval to Cairn-Vedanta deal


June 30th, 2011 - 10:19 pm ICT by IANS
New Delhi, June 30 (IANS) In a major relief to the Anil Aggarwal-led Vedanta Resources, the Indian government Thursday conditionally approved the company's plan to buy majority stake in ... Read more...

Posted in Business |

Cairn-Vedanta sale referred to CCEA for final decision: Reddy


May 27th, 2011 - 10:45 pm ICT by IANS
New Delhi, May 27 (IANS) A ministerial panel has come to a unanimous decision which will be sent to the cabinet to take a final call on the proposal of ... Read more...

Posted in Business |

Cairn extends deadline for wrapping up deal with Vedanta


May 19th, 2011 - 5:14 pm ICT by IANS
Mumbai, May 19 (IANS) London-based oil and gas exploration major Cairn Energy Thursday said it had extended the closing date for the sale of 40 percent stake in its Indian ... Read more...

Posted in Business |

Cairn India shares only moderately up day after stake sale


April 20th, 2011 - 3:04 pm ICT by IANS
Mumbai, April 20 (IANS) A day after Vedanta's Indian subsidiary Sesa Goa acquired 10.4 percent stake in Cairn India for about $1.5 billion, the shares of the oil major ... Read more...

Posted in Uncategorized |

Cairn-Vedanta deal a complex issue, says Sharma


April 8th, 2011 - 8:14 pm ICT by IANS
New Delhi, April 8 (IANS) The $9.6 billion Cairn-Vedanta deal is delayed because it is a complex issue involving scarce national resources and it should not be seen as ... Read more...

Posted in Business |

Group of Ministers to examine Cairn-Vedanta deal


April 6th, 2011 - 10:12 pm ICT by IANS
New Delhi, April 6 (IANS) A group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee will examine the $9.6 billion Cairn-Vedanta deal as the union cabinet failed to ... Read more...

Posted in Business |

India considering Cairn India-Vedanta merger proposal in a positive frame of mind


February 6th, 2011 - 10:18 pm ICT by ANI
New Delhi, Feb 6(ANI): Union Petroleum and Natural Gas Ministry on Sunday said that it is considering the proposal of merger of Cairn India and London-listed Vedanta in a positive frame of ... Read more...

Posted in National |

ONGC’s interest to be fully protected: Deora


October 27th, 2010 - 5:41 pm ICT by IANS
New Delhi, Oct 27 (IANS) The government will "fully protect" the interest of state-run ONGC while considering the application for acquisition of Cairn India by the Vedanta Group, Petroleum Minister Murli Deora ... Read more...

Posted in Business |

ONGC says its approval needed for Cairn-Vedanta deal


October 21st, 2010 - 8:39 pm ICT by IANS
Mumbai, Oct 21 (IANS) State-run Indian oil and gas explorer ONGC Thursday said its approval is required if a proposed sale of Cairn Energy's Indian unit to Vedanta Resources has to go ... Read more...

Posted in Business |

Vedanta not to hike Cairn India offer price


October 11th, 2010 - 3:51 pm ICT by IANS
Mumbai, Oct 11 (IANS) International metals major Vedanta Group Monday said it would not hike the price of the open offer to minority shareholders of oil producer Cairn India in which it ... Read more...

Posted in Business |

ONGC deliberately decided not to bid for Cairn: ONGC chief


September 23rd, 2010 - 8:01 pm ICT by IANS
New Delhi, Sep 23 (IANS) The state-run ONGC has said it "consciously" did not counter-bid for Cairn India after Vedanta Resources made a multi-billion dollar offer for a majority stake. "If ONGC did ... Read more...

Posted in Business |

Vedanta-Cairn deal depends on shareholders approval: Khurshid


August 25th, 2010 - 10:20 pm ICT by IANS
New Delhi, Aug 25 (IANS) Corporate Affairs Minister Salman Khurshid said Wednesday the government will not have any problem with London-based Vedanta Resources acquiring Cairn India, if shareholders of the upstream oil ... Read more...

Posted in Business |

Cairn India strikes oil in Krishna Godavari basin


August 23rd, 2010 - 6:01 pm ICT by IANS
Mumbai, Aug 23 (IANS) India's fourth largest oil and gas producer, Cairn India, Monday said it has struck oil at a well in the Krishna Godavari basin, off the Andhra Pradesh coast. "A ... Read more...

Posted in Business |

Cairn chief meets India’s oil minister after Vedanta deal


August 17th, 2010 - 8:10 pm ICT by IANS
New Delhi, Aug 17 (IANS) The top brass of Britain's Cairn Energy met Petroleum Minister Murli Deora here Tuesday, a day after agreeing to sell up to 60 percent stake in their ... Read more...

Posted in Business |

Vedanta enters oil prospecting with $8.5-$9.6 bn Cairn deal (Roundup)


August 16th, 2010 - 8:46 pm ICT by IANS
Mumbai, Aug 16 (IANS) London-based industrialist Anil Agarwal-led Vedanta Group Monday announced a $8.5-$9.6 billion deal to acquire 51-60 percent stake in the Indian arm of British hydrocarbons explorer Cairn Energy to ... Read more...

Posted in Business |

Vedanta to pick up majority stake in Cairn India (Lead)


August 16th, 2010 - 4:31 pm ICT by IANS
Mumbai, Aug 16 (IANS) Miner Vedanta Resources Monday said it will acquire 51-60 percent of oil producer Cairn India in a deal worth $8.5-9.6 billion to enter the oil and gas space ... Read more...

Posted in Business |

Cairn Energy set to earn windfall from sale of business in India


August 16th, 2010 - 3:40 pm ICT by ANI
London, Aug.16 (ANI): Cairn Energy was last night in the final stages of talks to sell part of its holding in its Indian offshoot to mining group Vedanta Resources.Vedanta wants to buy ... Read more...

Posted in Business |

Vedanta to pick up majority stake in Cairn India


August 16th, 2010 - 1:40 pm ICT by IANS
Mumbai, Aug 16 (IANS) Global metals and mining major Vedanta Group Monday said it will acquire 51-60 percent of oil producer Cairn India in a deal worth $8.5-9.6 billion. The all-cash deal will ... Read more...

Posted in Business |

Breastfeeding awareness week in Rajasthan district


August 1st, 2010 - 7:56 pm ICT by IANS
New Delhi, Aug 1 (IANS) Private sector oil producer Cairn India and the Indian Academy of Paediatricians (IAP) have launched a week-long campaign in Rajasthan's Barmer district to create awareness about the ... Read more...

Posted in Health |

Defining moment expected for corporate mergers, takeovers (Comment)


July 18th, 2010 - 3:28 pm ICT by IANS
By Jagannadham Thunuguntla There is widespread anticipation regarding possible revision of the threshold limit for mandatory open offers for the purpose of takeovers from current level of 15 percent to 25 percent. If ... Read more...

Posted in Business |

India’s crude oil production continues to rise


June 29th, 2010 - 11:00 pm ICT by IANS
New Delhi, June 29 (IANS) India has seen a substantial rise in crude oil production in the last six months, buoyed by the production increase in the private sector. The latest figure for ... Read more...

Posted in Business |

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