London-listed mining group Vedanta Resources is running against time to close a USD 9.6 billion deal to acquire majority stake in Cairn India as government approval for the transaction is held up due to issues raised by state-owned ONGC.
Cairns will play a four-day game in NZ to prove his fitness for the home Test series against Pakistan.
Describing Ricky Ponting as the "elephant in the room", former New Zealand captain Chris Cairns has said that Cricket Australia (CA) needs to end his 16-year long Test career in order to move forward.
British energy firm Cairn Energy Plc has again struck oil in Rajasthan, its ninth discovery in the state in the last two years.
The government has told Cairn Energy that its deal with Anil Agarwal-promoted Vedanta Resources will go through only after a formal proposal to the government is made and all clearances are obtained.
Former New Zealand Test cricketer Chris Cairns has confirmed that he is under investigation by the London Metropolitan Police and the International Cricket Council's anti-corruption unit, although he says he does not know why.
The government has written to market regulator SEBI saying Cairn Energy Plc's deal to sell majority stake in its Indian arm to Vedanta Resources does not yet have its approval, a condition contingent for the $8.48 billion deal to consummate.
Cairn India produces 125,000 barrels of crude oil per day (6.25 million tonnes a year) from Mangala oilfield, the largest among the 15 discoveries in the Rajasthan block RJ-ON-90/1.
ONGC, which is 30 per cent partner in Cairn India- operated Rajasthan oilfields, is obliged to pay royalty on entire crude oil produce from the blocks, even though its share is just 30 per cent.
Market regulator SEBI has not yet approved the open offer made by Vedanta Group to Cairn India shareholders, even as the target company formed a two-member panel to look into the offer made to minority shareholders.
Cairn joins a slew of multinational firms including Vodafone Group Plc and Royal Dutch Shell Plc that have been slapped with retrospective tax demands by Indian authorities.
Putting aside the plan for setting up a greenfield refinery in the state, Cairn Energy India, in a joint venture with ONGC, is planning to build a 500-km pipeline to evacuate crude oil from the Mangala, Bhagyam, and Aishwarya fields.
New Zealand skipper Brendon McCullum has revealed before a court in London that he felt shocked when his idol, Chris Cairns, approached him regarding fixing a match.
Vedanta to file notice of claim in Cairn India tax case.
Vedanta may become a majority stakeholder in Cairn India.
Former New Zealand all rounder Chris Cairns challenged ICC to contact him directly after being linked with match-fixing allegations and lashed out at media for maligning his name.
More than three weeks after it announced the sale of a majority stake in its Indian arm to Vedanta Resources, UK's Cairn Energy Plc has formally applied to the government for approvals, saying it will meet all contractual requirements needed to fructify the deal.
The panel, however, set some conditions for the company, including that Cairn India will have to upload the status of environment compliance, including results of monitored data, on its website and update it periodically.
Cairn Energy of UK has secured a $1 billion banking facility to fund its Rajasthan oil field development plan.
Former New Zealand cricketer Chris Cairns' libel suit against sacked Indian Premier League Commissioner Lalit Modi will come up for hearing in the London High Court on March 5.
Indian Premier League boss Lalit Modi defended the IPL's decision not to include Chris Cairns in the auction over alleged match-fixing allegations, and said that the former New Zealand all-rounder is free to sue him. Hitting back at the Kiwi all-rounder, Modi said: 'Cairns is welcome to sue me if he wants.'
Edinburgh-based Cairn said its Alpha-1S1 well in the sea between Greenland and Canada found oil over a 400 meter section and encountered gas reserves, the company said.
RIL is keen on buying Cairn India's Rajasthan crude oil but said it cannot take the oil unless the pipeline from fields to Gujarat coast is built.
The board of Cairn India has on two occasions rejected oil ministry conditions that royalties paid by Oil and Natural Gas Corporation on its all important Rajasthan oilfields, be cost recoverable from oil sales saying this was against contractual provisions and not in the interest of the company and its shareholders.
Cricinfo, the popular cricket website has paid monetary damages to Chris Cairns and also published an extensive interview telling his side of the story over allegation of the former New Zealand all rounder's involvement in match-fixing in the 2008 Indian Cricket League (ICL).
Cairn, which is sitting on a cash pile of about $3 billion, in a statement said its board has approved buying 17.09 crore shares or 8.9 per cent of the total shareholding, from open market at no more than Rs 335 apiece.
RIL wants to drill an exploration well on the D1&D3 gas fields in the KG-D6 block, Cairn on the Rajasthan block.
On November 23, Cairn India, made conditional applications, which have come in for questioning following a Delhi high court ruling.
"I've still got a goal to play the next World Cup and if I play Test cricket I could ruin that," the Kiwi all-rounder said.
British firm Cairn Energy, which in 2004 discovered a huge oilfield in Rajasthan, will begin early oil production from the fields in a years' time from now.
Cairn India is open to buying the 30 per cent stake that government-owned Oil and Natural Gas Corporation owns in its oil block in Rajasthan. Cairn India is the operator of the block, with 70 per cent ownership currently.
It is the second firm to have received retrospective tax notice this year after Vodafone Group.
American Xander Schauffele birdied the final hole to win the PGA Championship by one shot over LIV Golf's Bryson DeChambeau.
Britain's Cairn Energy Plc has struck oil and gas in Rajasthan, the fourth discovery by the British firm, in the block which borders Gujarat.
Former New Zealand all-rounder Chris Cairns said that Sachin Tendulkar should continue playing Test cricket for another year to groom Virat Kohli as a leader and other youngsters.
The exploration company will buy back shares from January 23 and extinguish them.
Former New Zealand all-rounder Chris Cairns said on Monday he had engaged lawyers after being linked to a match-fixing probe, even though investigators had still not contacted him, according to reports.
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