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Mumbai, September 28, 2011
ONGC on Tuesday gave its consent to Vedanta Resources for taking over Cairn India, but only if the mining group signed a legal pact on sharing the royalty and cess burden.

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, 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.

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 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.

London, July 12, 2011
UK-listed Cairn Energy on Tuesday said it has completed the sale of a 10 per cent stake in its Indian entity, Cairn India, to Vedanta Resources for $1.36 billion.
July 7, 2011
US Treasury Secretary Timothy Geithner and Union Finance Minister Pranab Mukherjee harped on the continuing India growth story, underpinned by robust domestic demand and high savings, at a meeting in Washington on June 28.

Mumbai, July 1, 2011
At the end of Friday's trading, the scrip was quoted at Rs 325.70, up 4.81 per cent and thereby added Rs 2,850 crore to its market valuations at Rs 61,953 crore.

July 1, 2011
Shares of Cairn India surged by nearly3 per cent in morning trade on the Bombay Stock Exchange after the governmentgave its approval for the sale of a stake to UK-based mining firm Vedanta, 10months after the deal was first announced.

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.
June 23, 2011
May 26, 2011
Draft proposals of working group for consideration of NAC-II with regard to land acquisition.

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.

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.

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.

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.

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.

New Delhi, April 25, 2011
Sterlite Industries on Monday reported 35.05 per cent jump in consolidated net profit at Rs 1,925 crore for the quarter ended March 31, on higher realisations on products like copper, zinc and silver.

Mumbai, April 19, 2011
Petroliam Nasional Bhd (Petronas), Malaysia's state oil and gas producer has sold its entire 14.9 per cent stake in Cairn India, helping the latter rise to Rs 345 on BSE.

New Delhi, April 19, 2011
Sesa Goa, a unit of Vedanta, bought 200 million equity shares at Rs 331 a piece from Malaysia's state oil firm Petroliam Nasional Bhd, which exited totally from the Cairn India.

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