Cairn reported a net loss of USD 1.1 billion in the year ending December 31, 2018, resulting principally from a write-down of the company's investments in India.

Nishi Kulshreshtha Chaturvedi joined the company in 2012 as National Head-Human Resources in Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB).

Vedanta's statement comes days after its shares plunged, as investors were sceptical of the merits of the investment and questioned the potential returns.

The officer, SP Sudhanshu Dhar Mishra, part of CBI's Banking and Securities Fraud Cell (BSFC) in Delhi, has beentransferred to the Economic Offences Branch in Ranchi.

China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APT...

The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.

Vedanta Resources in a statement said it would recommend acceptance of the offer by the shareholders, who would also be entitled to a previously announced dividend of $0.41 per share. The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure, it said.

The reports of the Department of Telecom (DoT) asking for Rs 4,700 crore from Vodafone India on account of one-time spectrum charges (OTSC) dues are expected to hurt India's ambitions.

The government is now mulling a 'windfall tax' on all oil producers like ONGC in an attempt to moderate fuel prices.