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New Delhi, September 27, 2011
State-owned Oil and Natural Gas Corp (ONGC) on Tuesday decided to give its consent to Vedanta Resources for taking over Cairn India but only if the mining group and the subsidiary of UK's Cairn Energy sign a legal pact on the royalty and cess payments.

Suman Layak
September 28, 2011
Over the years Kumar Mangalam Birla has tinkered with the business model, while growing the Aditya Birla group about 20 times. He keeps restructuring and fine tuning, all the while monitoring the strategy closely. Will his constellation be in alignment with his goal?SPECIAL: The Birla Biz Model His core team:Ajay Srinivasan | Himanshu Kapania | Santrupt Misra | Debu Bhattacharya

New Delhi, September 21, 2011
The PSU is seeking Cairn Energy subsidiary and the Anil Agarwal-led firm to sign a legally binding agreement to share royalty and pay cess on production from their Rajasthan field.

New Delhi, September 13, 2011
Following the meet, the results of a shareholder vote called by Cairn Energy on the twin riders on its deal with Vedanta Resources will be out, sources said.

Suman Layak
August 30, 2011
Zia Mody, 55, is Managing Partner, AZB & Partners, the law firm that has advised companies such as Reliance Industries, Vedanta and Bharti Airtel on their biggest deals - with BP, Cairn and Zain, respectively.

New Delhi, August 26, 2011
A meltdown in the stock market , which continued for third consecutive day on Friday, has wiped off over Rs 2.5 lakh crore from investors' wealth, as shares of even large industrial groups came under pressure.

August 23, 2011
Ahead of its takeover by Vedanta Resources, Cairn India on Tuesday said its Chief Financial Officer Indrajit Banerjee has quit the company.

New Delhi, August 23, 2011
UK's Cairn Energy Plc says it wants Cairn India to accept all the government's conditions and agree to pay royalty and cess on the Rajasthan oilfields so as to facilitate its stake sale to Vedanta Resources.

London/New Delhi, August 20, 2011
Anil Agarwal-led Vedanta Resources says it has reduced the size of the bridge loan needed for acquiring stake in Cairn India to $270 million from $1 billion proposed earlier.

New Delhi, August 8, 2011
Cairn Energy Chairman Bill Gammell on August 3 wrote to Oil Secretary G C Chaturvedi saying all the preconditions set by the government were acceptable to the company and Vedanta.

Mumbai, July 30, 2011
The shares of the companies fell amid reports that they were among those named in the Karnataka Lokayukta report for unethical practices in mining sector of Karnataka.

New Delhi, July 28, 2011
State-owned Oil and Natural Gas Corp (ONGC) on Thursday reported a near 12 per cent rise in its net profit for the quarter ended June 30, even after its fuel subsidy payout more than doubled.

Rajiv Bhuva
Mumbai, July 28, 2011
The trigger point for open offer has been increased from 15 per cent level to 25 per cent. And the open offer size, after the 25 per cent trigger is hit, has been enhanced from the current 20 per cent to 26 per cent.

New Delhi, July 26, 2011
Aftershowing signs that it was willing to agree to government riders to save itsdeal with Vedanta Resources, UK'sCairn Energy has asked its Indian unit to convene a shareholders meet to voteon the preconditions set for approval of the $9 billion transaction.

New Delhi, July 25, 2011
Vedanta Group firm Sterlite Industries on Monday reported a whopping growth of 62.60 per cent in its consolidated net profit at Rs 1,639.73 crore for the quarter ended June 30, 2011, due to higher sales realisations from its copper, zinc, lead and silver businesses.

New Delhi, July 22, 2011
Mukesh Ambani-led Reliance Industries' $7.2 billion deal with British giant BP Plc, cleared by the government on Friday, is seen as the biggest foreign direct investment into India.

New Delhi, July 21, 2011
The group posted consolidated total income of Rs 2,260.95 crore in the quarter under review whereas the same was at Rs 2,574.02 crore during the same period previous year, it said.

BT Online Bureau
New Delhi, July 20, 2011
The company has gone silent on the government preconditions that it had so far been bitterly opposing.

New Delhi, July 19, 2011
Cairn wants the stakes that its different subsidiaries hold in various oil and gas properties, including theRajasthan oilfields, to be transfered into one India-based company.

Anusha Subramanian
Mumbai, July 12, 2011
Jayanthi Natarajan is now the new environment minister, replacing Jairam Ramesh, who has been moved to rural development. The industry will be on tenterhooks while following her approach.

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