Bill Gammell

Govt share of revenue from Cairn to fall by Rs 5,032cr

The government today said its share of revenue from Cairn India's Rajasthan oilfields will fall by Rs 5,032 crore if royalty payments are made cost-recoverable as part of Vedanta Resources' plan to acquire the company.

Cairn CEO steps into chairman role in board shake-up

UK-based oil explorer Cairn Energy, battling challenges to two major projects in Greenland and India, announced its chief executive would step up into the chairman role amid a sweeping board shake-up.

Cairn Energy may extend Vedanta sale deadline again

Edinburgh-based Cairn Energy Plc may have to once again extend the deadline for concluding sale of 40% stake in its Indian unit to Vedanta Resources as a ministerial panel vetting the deal is unlikely to meet before next week.

Cairn Energy bid to push Vedanta deal meets closed doors

Eager to get an early government decision on the sale of his firm's majority stake in Cairn India to Vedanta Resources , Cairn Energy Plc Chief Executive Bill Gammell on Tuesday arrived unannounced at the doors of members of a ministerial panel considering the USD 9.6 billion deal.

Cabinet to take up Cairn-Vedanta issue in 3 weeks: Oil Min

Cabinet will make a decision quickly on Cairn Energy's deal to sell Indian assets to Vedanta Resources Oil Minister S Jaipal Reddy told reporters on Friday.

Cairn says CEO has positive meeting on Vedanta deal

Cairn Energy said its head Bill Gammell had a "positive and constructive" meeting with India's oil minister, Jaipal Reddy, on Tuesday to discuss the sale of control of its Indian assets to Vedanta Resources.

Vedanta, Cairn mull extending Apr 15 deal deadline: Srcs

Cairn and Vedanta are mulling a possible extention of the 15 April deal closing deadline, reports CNBC-TV18’s Nayantara Rai quoting sources.