CAIRN
Amagi, Shiprocket post profits; US polls’ impact on IT
Amagi’s Q2 profit surged nearly 30x while Shiprocket swung into the black for the first time. This and more in today’s ETtech Top 5.
India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where
AI-based cyber threat executing unauthorised fund transfers from banking firms: Cert-In
The Indian Computer Emergency Response Team (Cert-In) has named the incident "Crafty Falcon", which uses publicly available AI tools to execute complete attack chains autonomously at machine speed and generate and refine large numbers of tailored attack scripts in rapid succession.
Good intentions, unintended consequences: The cost of regulation
Regulation is vital for protecting consumers and building trust, but unpredictable or poorly calibrated policy changes can disrupt business economics, valuations and investment.
From being bedridden for months to an over 90,000 kilometres journey across Amazon to Antarctica, one man is rewriting what travel could look like
David Bossek is undertaking a global expedition to explore responsible travel and environmental awareness. He began his journey from Germany in 2024 after recovering from a cycling accident. Following a primarily overland route, he has already traveled through diverse landscapes and cultures. His experiences challenge conventional travel methods while contributing positively to local communities. Bossek plans to return to Germany in 2028, embracing unexpected opportunities along the way.
In 1935, Australian government released 2,400 toads to destroy crop-eating beetles. Almost 100 years later, 200 million giant toads threaten 75 wildlife species
Sometimes, a solution can become an impending disaster. In the 1930s, the Australia government released more than 2000 cane toads imported from Hawaii to curb the beetle population which were wreaking havock on the sugarcane crops. To the Aussie people's horror, as the poisonous amphibians multiplied rapidly, with their population estimated to exceed 200 million by 2011. Today, these have emerged as one of the most unstoppable invasive species in Australia, endangering many wildlife and disrupting the bio-diversity.
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How one hacker used AI agents and a few thousand dollars to break into scores of sites
A cybersecurity researcher observed a Chinese-speaking hacker employing AI to compromise various companies' websites. The hacker utilised an AI platform called Cairn, automating complex intrusion activities without human supervision. This hacking campaign targeted over 1,200 sites, with successful intrusions taking around 23 hours on average.
Vedanta plans $200 million push to lift Rajasthan oil output
Vedanta Oil and Gas is increasing investment in Rajasthan to enhance crude output from existing wells. The company aims to invest approximately $200 million in 2026-27 across several fields in the region. Further, Vedanta plans to develop a new hub for gas growth in the northeast region. Enhanced-recovery techniques are being employed to increase production efficiency from their wells.
A 2011 study analyzing satellite imagery in Jordan identified more than 1,000 giant stone "wheels"; field archaeology later showed some were prehistoric burial or ritual structures
A remarkable archaeological find has surfaced in Jordan's deserts, with the discovery of thousands of ancient stone structures known as wheels. These formations, resembling stone circles with distinct spokes visible from an aerial viewpoint, are believed to be several millennia old, possibly older than the Great Pyramid itself. Intriguingly, some wheels contained burial cairns, indicating they may have served ritualistic or commemorative functions for ancient civilizations.
In 1845, two British ships entered the Arctic with 129 men searching for the Northwest Passage; both vessels and every member of the expedition disappeared
The collaboration between Inuit wisdom and Western scientific approaches facilitated the remarkable finding of two elusive ships from the Franklin Expedition. This ill-fated journey, led by Sir John Franklin with 129 crew members, sought the Northwest Passage in the Arctic. After an extensive search, the wrecks of HMS Erebus and HMS Terror were discovered, underscoring the invaluable insights provided by Inuit oral traditions in unraveling historical enigmas.
Supreme Court directs SAT to revisit Cairn India buyback case
A Supreme Court bench of Justices JB Pardiwala and KV Viswanathan partly allowed Sebi's appeals against SAT's ruling and asked the tribunal to reconsider the question of "fraud alone" under the PFUTP regulations and decide on the matter in six months. The tribunal was directed to reconsider the matter after examining disputed trading data and other facts.
Supreme Court sends Vedanta’s Rs 5.25 crore SEBI penalty case back to SAT
The Supreme Court has returned a penalty case to the Securities Appellate Tribunal concerning a Rs 5.25 crore penalty imposed on Cairn India over its 2014 share buyback. The tribunal had annulled SEBI's earlier decision, which accused Cairn of misleading investors and lacking adequate purchase orders. The tribunal is set to reevaluate the matter thoroughly.
India may restart bilateral investment treaty talks with UK as model text nears finalisation
India is close to finalizing its model text for bilateral investment treaty talks with the United Kingdom. Internal discussions on the draft agreement are nearly complete and cabinet approval is expected soon. The government is reviewing measures to make the treaty more attractive for foreign investors. This comes after previous talks stalled over taxation issues and international arbitration cases.
In 1950, a 20-year-old photographer dying after a deadly snakebite made one final request: He begged doctors to spare the snake, and 5 years later, its venom helped save a child’s life
Taipan snake bite: A young Australian snake handler asked that the deadly taipan that bit him not be killed. The snake provided crucial venom for scientists working to develop a specific antivenom. Five years later, the antivenom helped save 10-year-old Bruce Stringer in Cairns, who was reportedly the first person in Australia to receive the treatment. His survival highlights how scientific research can turn a dangerous wildlife encounter into a life-saving breakthrough.
In an Australian study, waste glass replaced up to 60% of river sand in concrete; the recycled mix gained strength and resisted chloride penetration
Engineers in Australia have found that substituting sand with waste glass in concrete mixes can be beneficial. By using up to sixty percent glass sand, the concrete's strength is enhanced, and its ability to resist chloride ions, a key factor in corrosion, is improved. Given the large amounts of waste glass produced in the U.S.
Cairn India, Vedanta merger only after tax liability settled: Government
Vedanta had in 2011 acquired Cairn India from its British promoters, and last year proposed to merge the cash-rich firm with BSE-listed Vedanta Ltd.
Cairn India has indemnity from Cairn Energy on Rs 20,000 crore tax
Cairn India was in April 2014 slapped with a tax demand of Rs 20,495 crore for failing to deduct withholding tax on alleged capital gains made.
Cairn CEO Mayank Ashar meets oil minister Dharmendra Pradhan ahead of merger with Vedanta
Cairn CEO Ashar and CFO Sudhir Mathur met Pradhan on Wednesday to brief about the reverse merger planned by billionaire Anil Agarwal.
Cairn India slapped with Rs 20,495 crore tax demand
IT department has slapped a Rs 20,495 crore tax demand on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter.
Cairn Energy to assess impairments relating to India in August
Cairn was unable to sell 10 per cent of residual shareholding in Cairn India valued at around $1.1 billion as of the end of 2013.
I-T Department slaps two more notices on Cairn Energy
Cairn faces a potential tax demand on an alleged Rs 24,500 cr of capital gains it made when in 2006-07 it transfered all its India assets to a new co, Cairn India.
Cairn UK did not pay tax on Rs 24,503.50 crore of capital gains: Income Tax Department
I-T Dept has assessed that Cairn Energy Plc of UK did not pay tax on Rs 24,503.50 cr of capital gains made on transferring India assets to a new co.
Cairn India board meet on royalty, cess payment in Rajasthan oilfields tomorrow
Cairn India's board may on Wednesday concede to pay royalty and cess on its mainstay Rajasthan oilfields after Cairn Energy accepted govt riders.
Cairn accepts all government preconditions for Vedanta stake sale
UK's Cairn Energy Plc has said it will accept all riders the government has attached for giving approval to its stake sale in Cairn India.
ONGC holds back consent for Cairn India restructuring
State-owned Oil and Natural Gas Corp has withheld consent for internal restructuring of Cairn India Ltd for the past one year.
Cairn to sell 51 pc stake in Indian unit to Vedanta by Apr 15
Edinburgh-based Cairn Energy Plc today said it expects to conclude a USD 8.48 billion deal to sell up to 51 per cent stake in its Indian unit to mining company Vedanta Resources Plc by April 15 this year.
ONGC has no pre-emption rights: Cairn
Cairn Energy has told ONGC that its decision to sell majority stake in its Indian unit to Vedanta Resources does not trigger the state-owned firm’s pre-emption rights.
Cairn rebuts ONGC's claims on pre-emption rights
In a strong rebuttal, Cairn Energy has told ONGC that its decision to sell majority stake in its Indian unit to Vedanta Resources does not trigger the state-owned firm's pre-emption rights.
Cairn Energy says Vedanta deal not against India's interest
Cairn Energy on Friday said it will comply with all contractual obligations in sale of its majority stake in Cairn India to the world's fifth largest miner.
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