Cairn India

Cairn India News

Cairn India CEO Mayank Ashar quits

Ashar had joined Cairn in May 2014 taking over from P Elango, then interim CEO.

Cairn India merger with Vedanta only after share release, says Adhia

The I-T Department using the retrospective tax legislation had issued a Rs 10,247-crore tax notice to Cairn Energy in January 2014.


Tax demand notice: Cairn to seek damages from Centre for losses

Cairn Energy, which in 2011 sold majority stake in Cairn India to mining major Vedanta Resources, had to scale back investments as it was barred by the I-T department from selling its residual 9.8 per cent stake.

Aviva Investors opposes Vedanta takeover bid for Cairn India

Aviva's UK equity team has a 4.3 per cent stake in Cairn Energy, the original owner of Cairn India and still its largest minority shareholder.

Vedanta eyes Cairn merger to ease debt burden

Deal will create an entity with market cap of Rs86,500 crore and revenue of over Rs40,000 crore.

Cairn India moves Delhi HC against tax demand

Cairn in its petition has sought quashing of the income tax department’s demand order.


I-T dept slaps $1.6 bn tax demand on Cairn arm; Firm to file dispute notice

This is the first case under the new government where the tax notice has been served in a retrospective amendment-case.

Cairn India CEO Mayank Ashar to get USD 1.15 million salary

Cairn will pay Mayank Ashar a base salary of $1 million per annum plus special allowance/foreign service premium.

Oil Ministry says no to joint CAG audit with RIL, Cairn India

RIL has accused the CAG of exceeding its brief while auditing spending on KG-DWN-98/3 block by questioning operational decisions taken eight years back.

Let us export, you’ll benefit as well: Cairn India

Cairn has proposed it sell its crude at the international price.