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PTI
Mumbai, June 28, 2011
Shares of Cairn India settled 0.58 per cent lower at Rs 307.40 on the BSE on Tuesday, after parent Cairn Energy Plc agreed to lower the price at which it will sell up to a 40 per cent stake in its Indian unit to Vedanta Resources.


PTI
New Delhi, June 28, 2011
Cairn Energy will sell its 40 per cent stake in Cairn India to Vedanta at Rs 355 per share instead of Rs 405 a share agreed in August last year. ow


PTI
New Delhi, June 22, 2011
Cairn India has written to the oil regulator DGH saying the state-owned firm grossly overstated reserves in block, sources privy to the development said.


R Pallavi
July 7, 2011
For a generation that lives to meet deadlines, work-life balance is an intriguing mystery. It's about time you beat the stress and let the afterhours of a different kind beckon you in the form of whimsical retreats.


www.businesstoday.in
June 23, 2011



PTI
May 30, 2011
ONGC had to pay the highest ever Rs 24,892 crore, half of it in Q4, in fuel subsidy by way of discounts on crude oil it sells to state-owned refiners.


PTI
New Delhi, May 28, 2011
A panel of ministers has recommended stringent conditions for approving London-listed mining group Vedanta Resources Plc's $9.4 billion takeover of Cairn India.


PTI
New Delhi, May 27, 2011
The views of the panel of ministers will be placed before Cabinet Committee on Economic Affairs (CCEA) in two weeks time, Oil Minister S Jaipal Reddy said.


www.businesstoday.in
May 26, 2011
Draft proposals of working group for consideration of NAC-II with regard to land acquisition.


PTI
New Delhi, May 26, 2011
The Cabinet Committee on Economic Affairs (CCEA) had on April 6 asked the GoM to vet the $9.6 billion deal, but the panel has not held a single meeting in seven weeks since then.


www.businesstoday.in
May 25, 2011
Consolidated net profit in the fourth quarter rose to Rs 2,457.79 crore from Rs 245.19 crore a year earlier. It realised $94.2 per barrel for oil produced in the quarter as opposed to $71 per barrel the previous year.


PTI
New Delhi, May 25, 2011
The nation's second highest law officer has reiterated his earlier opinion that Cairn or its successor should share cess and royalty with ONGC in the Rajasthan block.


PTI
New Delhi, May 19, 2011
Cairn Energy Plc extends for the second time the closing date for the sale of amajority stake in its Indian unit to Vedanta Resources in order to secure thenecessary government approvals.


PTI
New Delhi, May 16, 2011
Cairn and Vedanta have set May 20 as the deadline for closing the $9.6 billion transaction. Sources say Cairn is likely to seek another extension of the deadline.


PTI
New Delhi, May 11, 2011
A desperate Cairn Energy CEO Bill Gammell met Oil Minister S Jaipal Reddy to press for a decision before the May 20 deadline his firm and Vedanta have set.


Mail Today Bureau
New Delhi, May 11, 2011
According to sources, the price of petrol is likely to go up by Rs 3 a litre, which would take it past the Rs 60 per litre mark in the Delhi. Petrol currently costs Rs 58.37 per litre.


www.businesstoday.in
May 10, 2011
Both direction and leadership are lacking in the present government, which is facing a new crisis every day - from the 2G scam to the Lokpal Bill. We round up all that these ministers have been up to in the first 100 days in their new offices.


PTI
New Delhi, May 5, 2011
The revenues of the company surged by 44.1 per cent during the year at $11.42 billion via-a-vis $7.93 billion it had reported last year, the company said in a statement.


PTI
New Delhi, May 2, 2011
Besides Pranab Mukherjee, the Group of Ministers includes S Jaipal Reddy, M Veerappa Moily, Kapil Sibal and Montek Singh Ahluwalia.


www.businesstoday.in
May 12, 2011
Surendra Pipara (left) of Reliance ADAG, Unitech Wireless MD Sanjay Chandra (centre) are among the latest businessmen to join former telecom minister Andimuthu Raja in jail.


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