Former New Zealand all-rounder Chris Cairns has denied allegations that he is the name identified as 'Player X' by current captain Brendon McCullum and former batsman Lou Vincent, following a report that 'the net is closing' around a big name in the game.
State-run Oil and Natural Gas Corporation is expecting a resolution to the contentious royalty payment issue with Cairn India --for the Barmer oil fields--before it goes for a follow-on public offer (FPO) early next year.
After news of Lou Vincent's ex-wife's match-fixing testimony came out, former New Zealand Test cricketer Chris Cairns has continued to stay firm on the stand that he is innocent.
Cairn India is actively considering the option of evacuating its crude oil from Rajasthan through Viramgam in Gujarat
Weak production outlook, low crude oil prices and regulatory issues could keep the scrip in check
ONGC sought opinion from the second highest law officer of the country after its partner Cairn Energy Plc stated that the UK firm's sale of majority stake in Cairn India to Vedanta Resources will not trigger pre-emption rights of the state- owned firm, a top oil ministry official said.
Apparently making amends to past slip-ups, UK's Cairn Energy on Thursday courted the government and ONGC to clear-up "misgivings" on sale of majority stake in its Indian arm to Vedanta Resources.
With his century in Rawalpindi on Monday, Rachin Ravindra became the first player to score a century on debut in both the ICC World Cup and the ICC Champions Trophy.
It is not clear what will happen if the open offer is completed before the government approves the deal.
UK-based oil firm Cairn Energy plans to create a separate unit out of its Indian operations and sell at least 25 per cent shares of the new firm through an initial public offering.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
UK-based Cairn Energy raised its estimates of oil at its three key Rajasthan fields, and said total potential production was now over 1,50,000 barrels per day.
Government is yet to approve Cairn's deal to sell stake in Cairn India to Vedanta.
India is massively underexplored, says Rahul Shir, CEO, Cairn India.
New Zealand Cricket have promised to support Brendon McCullum after former Test all-rounder Chris Cairns was acquitted of perjury in London despite evidence given against him by the Black Caps captain.
Fixed deposits can fetch 9-9.5% interest versus 3.5% to be received by Cairn, say institutions.
India has won an international arbitration against British firm Cairn Energy on cost deducted by the operators of Ravva oil and gas field, off the Andhra coast, before payment of government's share of profit petroleum.
The Supreme Court also sought CBI probe in the case.
British energy firm Cairn Energy Plc plans extensive exploration over the next 18 months its Rajasthan block, the site of India's largest oil discovery in almost two decades.
New Zealand all-rounder Chris Cairns will quit one-day cricket after the 2007 World Cup in the West Indies.
Firm to continue to press ahead with arbitration challenging new law on the tax, will seek $1 bn in damages
Cairn Energy of UK on Monday said its oilfield in Rajasthan contains more than 2.5 billion barrels of oil reserves.
Relieved after winning a libel suit against axed IPL Commissioner Lalit Modi, who had accused him of match-fixing, former New Zealand all-rounder Chris Cairns said he feels "complete vindication".
British energy firm Cairn Energy Plc on Tuesday said it has discovered gas in its Rajasthan block, where India's largest oil find in more than two decades was made last year.
Cairn's contractual term for exploring and producing oil from the Rajasthan Block RJ-ON-90/2 expires in 2020 and the area is to return to the block licensee, ONGC.
Cairn Energy Plc of the United Kingdom on Tuesday announced third significant discovery in Rajasthan this year, with gross in-place reserves of 400 million barrels.
The 33-year-old Cairns is nursing a hamstring injury he suffered while bowling in the opening game against India.
In a setback to the Cairn-Vedanta deal, Solicitor General Gopal Subramanium has reaffirmed that the government can impose preconditions like equitable sharing of royalty in the all-important Rajasthan block for clearing Vedanta Resources' takeover of Cairn India.
Former New Zealand captain Chris Cairns was charged in a north London police station on Thursday with perverting the course of justice.
Chris Cairns has taken three wickets in his final Test to leave England wavering on 225 for five in reply to the Kiwis total of 384 on day two of the third Test.
The UK-based Cairn Energy on Tuesday said it will seek government's "endorsement" and necessary consent for selling its majority stake in Cairn India to London-listed Vedanta Resources for $8.48 billion.
Billionaire Anil Agarwal-owned mining firm Vedanta Resources on Thursday said it is in talks to buy a stake in Cairn India, the company that owns the nation's largest onland oilfield.
Cairn Energy of the United Kingdom has again struck oil in Barmer basin of Rajasthan, Petroleum Minister Ram Naik said on Friday.
New Zealand captain Brendon McCullum is 'very comfortable' with the evidence he gave against former all-rounder Chris Cairns, who was found not guilty of perjury and perverting the course of justice in a trial last month.
Cairn India on Wednesday said it will invest about $2 billion in the country over the next one and a half years for developing oil fields and building a pipeline which will deliver oil from Barmer in Rajasthan to the coastal areas of Gujarat.
Cairn India, which is developing the oilfields in Rajasthan discovered by its parent Cairn Energy in 2004, has started preliminary work on the pipeline to bring the oil to market, its chief executive said on Monday.
The government will reserve the right to decide on the cost recoverability of royalty from Cairn India's block in Barmer while clearing Cairn Energy's sale of its Indian subsidiary to Vedanta Resources.
Cairns will play a four-day game in NZ to prove his fitness for the home Test series against Pakistan.
Cairn Energy Plc chief executive Bill Gammell described the 30-minute meeting as 'positive and constructive'.
