The fall in commodity prices and the mining bans in Karnataka and Goa weighed heavily on London-listed Vedanta Resources Plc as the latter cost Vedanta Rs 2,700 crore in profits in the financial year ended March 31, 2013. The company reported pure
Weeks after Cabinet Committee on Investment eased defence ministry's 'No-Go' restriction on oil blocks, Cairn India has told the Oil Ministry that a large part of its KG basin block has become operationally infeasible because of new limitations imposed.
At a time when the finance, power and fertiliser ministries have snubbed the Rangarajan committee's report on gas prices, Cairn India and Gujarat State Petroleum Corporation (GSPC) have joined the bandwagon of companies demanding a rise in gas prices -
Pushed by an increase in production, Cairn India Ltd posted a 17 per cent rise in net profit at Rs 2,563 crore during the fourth quarter of FY13, compared to Rs 2,186 crore during the same period in FY12.The company’s net sales for the period under
Shares in Cairn India Ltd gained 2.2% after Kotak Institutional Equities upgraded the stock to "buy" from "add" and kept its target price of Rs 340, saying the current price provides a good entry point as valuations and expectations
In an effort to diversify its portfolio, the Anil Agarwal-led Cairn India Ltd is looking to enter the downstream gas infrastructure business through a joint venture with GAIL India Ltd and Rajasthan State Petroleum Corp Ltd (RSPCL).
Vedanta group chairman Anil Agarwal on Saturday made an unusual offer to the government. He said the petroleum ministry and the state-owned ONGC could take up a board position on his group's subsidiary Cairn India to expedite government approvals.