Cairn India has drawn strength from its Scottish parent, but also built new systems and processes to support its role in the country's oil sector.
The proposed 7.5 million tonne per annum refinery was to process crude oil from Cairn India's field in Barmer, which is expected to start producing in the first half of 2009.
State-run Oil and Natural Gas Corporation on Monday said it has resolved differences with Cairn India Ltd for building a $340-million pipeline to take crude oil found in Barmer district of Rajasthan to Gujarat.
India Inc can't trim salaries, but it can give shareholders a little more information on why senior executives are getting such fancy compensation packages.
In a sudden volte-face, the government is veering around the idea of setting up a Rs 8,000 crore refinery in Rajasthan to process crude oil found in the state.
'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'
Workaholic CEOs find their job appealing, but their subordinates find that appalling.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Oil and gas exploration major Cairn India Ltd on Tuesday got listed at Rs 140 on the Bombay Stock Exchange with a discount of 12.5 per cent over its issue price of Rs 160.
Transparency is more than welcome, but govt should not look vindictive.
5 things to look at when companies go for mergers and acquisitions.
Domestic deals were the flavour of the month as there were 20 such transactions worth $2.77 billion in June 2015.
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Mayank Ashar talks about India's business environment.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
FII investments, movement of rupee against dollar and crude oil to influence trading
A defence ministry staffer, involved in the corporate espionage case, was remanded to one-day police custody.
The recovery was led by information technology exporters.
The company made the announcement on Tuesday as it reported a 2013 loss of $556 million after costs for unsuccessful exploration in Morocco and the North Sea soared.
The government has signed Bippas with 72 nations.
23 Nifty companies reported an annual decline in net profit.
Cairn India CEO has a tough task at hand.
Vedanta Resources has huge interests in India. The promoter and majority shareholder of Vedanta Resources, Anil Agarwal, also founded Sterlite Industries.
Executives would analyse information and pass it to seniors.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
Other shortlisted chief executives include Abdulrahman Ali Al-Abdulla of Muntajat, Peabody Energy's Gregory Boyce, Pailin Chuchottaworn of PTT Public Company Ltd, Repsol's Antonio Brufau and Ian Taylor of Vitol.
Delhi police on Saturday filed chargesheet against 13 persons arrested in connection with the petroleum ministry document leak case.
The task of Union Finance Minister Arun Jaitley to keep inflation under check, even when the country reeled under severe drought for two years in a row, and reduce the current account deficit, was made easier by low crude oil prices.
Re-instatement of 5% custom duty on crude imports will help.
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.
Mayank Ashar, managing director and chief executive officer, Cair India, says the reform momentum should continue and the industry should do its part too.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure.
'It is my duty to give the govt the right price of crude oil.'
Cairn tax demand has not reduced investors' enthusiasm: Jaitley
Delhi and neighbouring Noida in Uttar Pradesh, too, are studying Gurgaon's no-car Tuesday model.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
Sebi to fix promoters' side deals with PE investors
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Inputs by the Petroleum Ministry were found among stolen documents.
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