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33 Results Found
  • Will complete merger with Cairn this financial yr: Anil Agarwal Sep 12, 2016 09:48 PM IST

    Will complete merger with Cairn this financial yr: Anil Agarwal

    Speaking to CNBC-TV18, Vedanta's Chairman Anil Agarwal shared the deal details and his expectations on the timeline for completion of the deal.

  • Shareholders gave 100% nod for Cairn merger: Vedanta Chairman Sep 09, 2016 07:24 PM IST

    Shareholders gave 100% nod for Cairn merger: Vedanta Chairman

    Vedanta's Chairman Anil Agarwal, says that company has got 100 percent approval from Vedanta shareholders for Cairn India-Vedanta merger. It has done everything that the minority shareholders wanted.

  • Cairn-Vedanta merged entity to be ready by Dec: Anil Agarwal Sep 06, 2016 06:27 PM IST

    Cairn-Vedanta merged entity to be ready by Dec: Anil Agarwal

    The merger will lead to creating a large, well-diversified natural resource company, says Anil Agarwal, Chairman, Vedanta Group.

  • Cairn India deal to lift Vedanta's rating & capex: Axis Cap Jul 25, 2016 09:10 AM IST

    Cairn India deal to lift Vedanta's rating & capex: Axis Cap

    The deal will help Vedanta reduce its net debt, give access to Cairn's cash balance of about USD 3.5 billion, besides giving auxillary benefits such as improvement of credit rating and capex, says Nitesh Jain of Axis Capital.

  • 'Vedanta's vision is to eradicate poverty, create jobs in India' Jul 23, 2016 03:44 PM IST

    'Vedanta's vision is to eradicate poverty, create jobs in India'

    Vedanta wants to create one major behemoth that deals with the entire commodity complex, just as BHP Billiton and Anglo American, says the group's Chairman Anil Agarwal.

  • Revised terms of merger a significant sweetener: experts Jul 22, 2016 09:22 PM IST

    Revised terms of merger a significant sweetener: experts

    Prakash Diwan, Market Expert, said this is a significant sweetener of sorts. Cairn India shares have had some stellar performance but there is nothing great about Vedanta currently, he said.

  • Cairn-Vedanta merger could be done by year end: Anil Agarwal Jul 22, 2016 06:32 PM IST

    Cairn-Vedanta merger could be done by year end: Anil Agarwal

    Speaking to CNBC-TV18, Anil Agarwal, Chairman of Vedanta Resources said that shareholders will meet in a month's time for the merger proceedings.

  • 20% cess will give slight relief for energy sector: Cairn India Mar 02, 2016 12:02 PM IST

    20% cess will give slight relief for energy sector: Cairn India

    Mayank Asher, CEO of Cairn India says that 20 percent ad valorem cess will bring slight relief for energy companies.

  • To list preference shares on NYSE post Vedanta deal: Cairn Jun 15, 2015 11:42 AM IST

    To list preference shares on NYSE post Vedanta deal: Cairn

    The deal, that experts believe is more beneficial to Vedanta, may be approved by regulators and shareholders by December-end.

  • Regulators may okay Cairn-Vedanta deal by Dec-end: Vedanta Jun 15, 2015 11:14 AM IST

    Regulators may okay Cairn-Vedanta deal by Dec-end: Vedanta

    Tom Albanese, CEO, Vedanta Resources, says he is encouraged by the positive response from analysts and shareholders. He says the ultimate aim is to build a diversified business with a simple structure with each business focussed on long-term growth prospects.

  • Cairn-Vedanta deal to help Vedanta more, says Morningstar Jun 15, 2015 10:33 AM IST

    Cairn-Vedanta deal to help Vedanta more, says Morningstar

    Cairn's onshore oil assets are the best in class and from that perspective, it is a disappointment for its shareholders. But with this deal, Vedanta will get access to cash generating assets of Cairn, which will help repair its balancesheet, says Piyush Jain of Morningstar Investment Advisers

  • Cairn, Vedanta hit by oil cycle; merger won't help cos:IIaS Jun 11, 2015 11:39 AM IST

    Cairn, Vedanta hit by oil cycle; merger won't help cos:IIaS

    Amit Tandon, MD of IIaS says at the moment both the companies have taken a big hit given where we are on the commodity cycle and on the oil and gas cycle. "So, the merger is not from a position of strength for either of them," he adds.

  • Merger with Cairn India a plus for Vedanta: Morningstar Jun 09, 2015 03:17 PM IST

    Merger with Cairn India a plus for Vedanta: Morningstar

    Vedanta will have a direct access to all these subsidiaries-like Hindustan Zinc and Cairn post the merger, Piyush Jain, Equity Research Analyst - Energy, Industrials and Utilities, Morningstar told CNBC-TV18.

  • Merger with Cairn will be good for Vedanta: Sunidhi Jun 09, 2015 11:48 AM IST

    Merger with Cairn will be good for Vedanta: Sunidhi

    Chintan Mehta of Sunidhi Securities says a merger will be beneficial for Vedanta. The merger timing is right for Vedanta as the share prices of both the companies are almost the same.

  • Still working on merger plan for Sesa, HZL & Cairn: Vedanta Jan 23, 2015 08:16 PM IST

    Still working on merger plan for Sesa, HZL & Cairn: Vedanta

    Anil Agarwal, group chairman, Vedanta Resources told CNBC-TV18‘s Menaka Doshi that the company wants to create an Indian natural resources giant, which can compete with the likes of Rio Tinto.

  • Exploring merger of Cairn, HZL into Sesa: Tom Albanese Jan 12, 2015 04:14 PM IST

    Exploring merger of Cairn, HZL into Sesa: Tom Albanese

    Although uncertainty looms in coal sector post deallocations, Tom Albanese, CEO, Sesa Sterlite is encouraged by government's prompt moves on coal block auctions and sees opportunities for demand growth in India, as global oil environment has been incredibly dynamic lately.

  • Eyeing order wins worth Rs 1,400 cr in Q3: Kalpataru Power Dec 11, 2014 11:27 AM IST

    Eyeing order wins worth Rs 1,400 cr in Q3: Kalpataru Power

    The company has secured order wins from Cairn India and GAIL of around Rs 140 crore each.

  • Crude fall barely impacts cos with onshore exposure: Elango Dec 03, 2014 11:12 AM IST

    Crude fall barely impacts cos with onshore exposure: Elango

    Even at current price levels, Cairn India should be able to plough its way very well with a huge resource base with its operating cost for onshore field standing at USD 3.50/bbl, says P Elango, interim CEO of the company.

  • Vedanta aims to hike iron ore production of Sesa Sterlite Aug 25, 2014 03:57 PM IST

    Vedanta aims to hike iron ore production of Sesa Sterlite

    Tom Albanese, MD & CEO, Vedanta said the company would be very happy to participate in the auction process in case the government decides to sell its residual stake in Hindustan Zinc and Hindalco via auction.

  • CCI oil-block nod will warm FII focus on India: Ex-oil secy Apr 22, 2013 09:54 PM IST

    CCI oil-block nod will warm FII focus on India: Ex-oil secy

    Former oil secretary GC Chaturvedi, in a reaction to the CCI clearance to 25 oil blocks, told CNBC-TV18 that the decision will boost oil exploration in the country and lure FII interest back to India.

  • Expanding businesses in India, Africa: Vedanta Group Sep 30, 2012 11:39 AM IST

    Expanding businesses in India, Africa: Vedanta Group

    Plagued by different controversies at the same time, it has been a tough year for Vedanta group in India. The chairman of the metals conglomerate, Anil Agarwal, however, remains unfazed by the storm.

  • Will meet year's target of 27.54 mmt: ONGC Aug 27, 2012 04:49 PM IST

    Will meet year's target of 27.54 mmt: ONGC

    Sudhir Vasudeva, chairman, ONGC explains to CNBC-TV18 that the PSU is hopeful of meeting its annual target of 27.54 mmt. Vasudeva says that the decision to hike diesel prices will be taken only in the second and third quarters when the position of the subsidy becomes clearer.

  • Delay in govt decision making hurting output: Gujarat Gas Dec 27, 2011 03:43 PM IST

    Delay in govt decision making hurting output: Gujarat Gas

    Hasmukh Shah, chairman of Gujarat Gas is worried about the stoppage of further oil and gas production due to delay in decision making by the government.

  • ONGC to support in doubling Cairn's capacity: Anil Agarwal Dec 08, 2011 09:45 PM IST

    ONGC to support in doubling Cairn's capacity: Anil Agarwal

    Anil Agarwal, Chairman of Vedanta Group is breathing a sigh of relief after16 months labour. Vedanta today finally acquired a controlling stake in Cairn India, 16 months after announcing this proposed transaction.

  • See higher subsidy burden in Q3 and Q4: ONGC Nov 08, 2011 09:46 AM IST

    See higher subsidy burden in Q3 and Q4: ONGC

    Oil and Natural Gas Corporation (ONGC) posted a net profit of Rs 8642.23 crore for the quarter ended September 30, 2011. In an interview to CNBC-TV18, Sudhir Vasudeva, chairman of ONGC says, he sees the subsidy burden rising in Q3 and Q4.

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