Cairn
Recent Highlights
All Stories for Cairn
Cairn Energy to file lawsuits in US, other nations to seize Indian PSU assets for recovery of $1.2 bn arbitration award
•Cairn had previously said the ramifications of India not honouring the award will "run across the international investment community more widely"
Cairn stops paying royalty on Rajasthan oil after differences with ONGC on cost recovery
•Cairn Oil & Gas, a vertical of mining billionaire Anil Agarwal-owned Vedanta Ltd, has stopped paying for its share of royalty on oil produced from its Rajasthan block following differences with partner ONGC on cost recovery
Government notifies incentives to state-owned oil firms in pre-NELP blocks; new rule applies to 11 fields
•The Centre has notified a new policy requiring state-owned ONGC and OIL to pay royalty and cess only to the extent of their equity holding in certain pre-1999 oil and gas fields.
Cairn Energy restrained by IT dept from selling India stake
Fp Archives •The I-T Department had started an investigation on January 15 to establish if capital gains tax was due from Cairn Energy's transfer of shares of Indian assets that were held in a subsidiary set up in the tax haven of Jersey to newly incorporated Cairn India in 2006.<br /><br />
Cairn UK to offload 8% stake in Indian arm to raise $940 mn
Fp Staff •Cairn UK will sell 15.3 crore shares in Cairn India , worth $940 million, at Rs 317.90-328.30 per share
Shares open up; metals, banks rise; rupee up
Fp Staff •The Indian markets today opened in the green with the Sensex opening 0.47 percent higher at 17930.49 and Nifty at 5437.30 which is also 0.47 percent higher, in sync with the global markets sparked by the stimulus hope optimism.
Buy Cairn; sell Arvind, Allahabad Bank
Shishir Asthana •ONGC has finally given the no objection certificate for the deal between Cairn and Vedanta. Delay in the deal had not only affected investor sentiment in Cairn, but was also affecting it operationally.
Buy Cairn; sell Aban Offshore and Aditya Birla Nuvo
Shishir Asthana •The above three stocks are our top picks of the day.
ONGC acts on the trigger while RCap stops out
Shishir Asthana •While some stock calls got triggered today, others missed the target.
Cairn shares tank on fears of a royalty kick in the butt
Shishir Asthana •Why are the shares of Cairn India falling? is it because the government has asked the company to share royalty payments with ONGC in proportion to its ownership.