CAIRN INDIA
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.
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.
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.
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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.
Cairn India gains after erstwhile parent moves to settle tax dispute
Shares of Cairn India gained over 2 per cent in trade on Thursday amid reports parent Cairn Energy of UK has offered to pay 15 per cent of the Rs 10,247-crore principal amount in return for the government lifting freeze on the 9.8 per cent shares it holds in the erstwhile subsidiary.
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.
Aviva Investors opposes Cairn India's merger with Vedanta
Opposing Vedanta's merger deal, Aviva said there was "a risk of the Vedanta Group misallocating capital" of oil producer Cairn India.
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 India at 5-year low on tax notice to Cairn Energy
Cairn Energy, which had in 2011 sold majority stake in its Indian unit to mining group Vedanta for $8.67 billion, still holds 9.8% stake in Cairn India.
Buy Cairn India with a target of Rs 255: Prakash Gaba
'Cairn India is a 'BUY' call with a target of Rs 255 and a stop loss of Rs 242.'
Sell Cairn India Ltd with target price of Rs 313: Vijay Bhambwani
Cairn India Ltd is a ‘Sell’ with a target of Rs 313 and a stop loss of Rs 324.
Buy Cairn India with a target of Rs 305: Mitesh Thacker
"Cairn India is a buy call with a target of Rs 305 and a stop loss of Rs 288."
Cairn India to invest Rs 10,000 crore, aims to raise daily output to 5L barrels
Business magnate Anil Agarwal aims to raise Cairn India’s crude oil output to 500,000 barrels per day (bpd), or 25 million tonnes a year.
Cairn India: Good show; steady growth to come
Cairn India's performance for the December '12 quarter was marginally better than expected as the company benefited from a depreciated rupee.
Cairn Energy selling Cairn India shares for up to $940 mn
Cairn Energy is selling an 8 pc stake in India-focused oil explorer Cairn India in a deal that could raise up to $940 million, a source said.
LIC hikes stake in Cairn India to over 5%
LIC has hiked its stake in Cairn India to over 5% per cent through open market route that are about 5% costlier than the price at which Cairn has been selling its shares.
Cairn India remains favourable: Deven Choksey
Cairn India remains favourable at this point of time because in less than three months time, it is the second successive discovery that they have found.
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.
Accept all govt conditions on Vedanta deal: Cairn Energy to Cairn India
UK's Cairn Energy Plc said 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.
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 India faces serious corporate governance issues
Cairn India may face serious corporate governance issues if either its parent firm or the buyer were to accept the riders.
Cairn India AGM to seek investors’ nod on Vedanta deal
Cairn India, the local oil exploratory unit of UK-listed Cairn Energy, is scheduled to seek shareholders’ approval to Vedanta Resources’ bid to acquire a controlling stake in the company, at an annual general meeting (AGM) in Mumbai on Wednesday
Cairn India gains over 3 pc on oil discovery in KG basin
Cairn India today surged over 3 per cent on the BSE in early trade a day after it made an oil and gas discovery in an onland KG Basin block.
Cairn India up on hopes of counter offer, gas find
Shares of Cairn India moved up after the company hit yet another large oil and gas reserve. With this, Cairn has been involved in at least 40 gas finds across India.
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