Vedanta's oil and gas head Ajay Dixit quits; company says his term comes to an end
Billionaire Anil Agarwal-led Vedanta Ltd' oil and gas division Cairn CEO Ajay Dixit has decided to hang up his boots at month-end after completing his contractual term, becoming the fifth chief executive to leave the firm since it was taken over by the mining baron more than eight years back
Withholding of dividends: SAT asks SEBI to probe market norms violation by Vedanta-owned Cairn India
In 2017, the UK based firm had approached the regulator over non-payment of dividend amounting to over Rs 340 crore by Cairn India.
Vedanta names Ajay Kumar Dixit as CEO of oil and gas business to replace Sudhir Mathur
Mining baron Anil Agarwal-led Vedanta on Tuesday announced the appointment of Ajay Kumar Dixit as the CEO of its oil and gas arm, Cairn, replacing Sudhir Mathur who has quit the company unexpectedly
Vedanta-led Cairn India CEO Sudhir Mathur, CFO Pankaj Kalra quit firm; Ajay Dixit will be interim chief
Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back
Cairn Energy's holding in Vedanta down to 0.1% after Income Tax Department sells 99% shares
British oil firm Cairn Energy Plc Tuesday said its holding in Vedanta Ltd has dropped to just 0.1 percent after the Income Tax Department sold most of its 4.9 percent stake in the company to recover a retrospective tax demand
'No immediate plans to retire, Vedanta needs my agression, risk-taking ability', says Anil Agarwal
Agarwal has delisted his flagship Vedanta Resources from the London Stock Exchange (LSE) and is now concentrating on growing mineral mining and oil and gas businesses out of the India-listed firm, Vedanta Ltd.
Cairn India to pay $0.1 million if it fails to meet exploration commitment in oil block
Cairn India, which is now part of Vedanta Ltd, had earlier this year won 41 blocks of the 55 areas auctioned in the first bid round under the Open Acreage Licensing Policy (OALP)
Vedanta's April-June profit doubles to Rs 1,525 cr on strong volume
The quantum jump in profit during the April-June quarter was on account of volumes and improved zinc pricing, CEO Tom Albanese said
Cairn's Rs 10,247 cr tax dispute: How co created maze of subsidiaries to make capital gains
Cairn's case is that none of the 2006 transactions was taxable in India according to the law in force at the time,
I-T department seeks Rs 30,000 cr penalty from Cairn for non-payment of tax
The Income Tax Act provides for penalties of 100 percent to 300 percent of the tax due, the official said, adding that the notice sent does not mention of the quantum of penalties the tax department is seeking.
Cairn liable to pay Rs 10,247 cr capital gains tax but not interest on it, says tax tribunal ITAT
ITAT held that Cairn Energy was liable to pay the tax on share transfer it did through an internal reorganisation of its India business in 2006, prior to getting Cairn India listed on stock exchanges
Govt seeks putting Cairn arbitration on hold in a Rs 29,047 crore retrospective tax demand
Government has sought putting on hold the arbitration initiated by British oil explorer Cairn Energy against a Rs 29,047 crore retrospective tax demand and instead wants a parallel arbitration initiated by Vedanta Resources to be taken up first.
Cairn India reports 4% drop in oil and gas output in Jul-Sep quarter
Daily production of oil and gas in July-September averaged 2,06,230 barrels per day, down 3.7 percent
Vedanta shareholders, creditors approve Cairn India merger
Shareholders and creditors of mining major Vedanta Ltd have approved the proposal of its merger with its cash-rich arm Cairn India.
ONGC, Cairn India demand halving of cess on crude oil
Aat the current oil prices, ONGC and other oil firms like Cairn are paying more than Rs 4,500 per tonne cess
Vedanta makes aggressive pitch for Cairn merger, now offers 3 additional pref shares
In 2015 June, Agarwal offered Cairn India shareholders 1 ordinary share and 7.5% redeemable preference share of Vedanta Ltd with a face value of Rs 10
Cairn Energy's India deal emerges in $3.5-bn forex trading fraud at HSBC
Two senior executives of HSBC were accused of doing front-running by cheating the client Cairn Energy that was selling part-stake in an Indian subsidiary
Cairn Energy claims $5.6 bn compensation from Indian govt
It sought $1.05 billion in compensation for the loss of value its 9.8 percent shareholding in its erstwhile subsidiary Cairn India suffered following Income Tax Department raising the tax demand in January 2014 and attaching the shares
Cairn faces Rs 10,247-cr fine in addition to Rs 29k cr tax demand
British oil explorer Cairn Energy Plc faces up to Rs 10,247-crore penalty over and above the Rs 29,000 crore in tax and interest demand slapped on it by the I-T Department using a retrospective legislation.
I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy
The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest.