Cairn Vedanta Deal

India’s Cairn Oil & Gas, a unit of Vedanta Ltd., will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive.

SC upholds Cairn-Vedanta deal

The Supreme Court today refused to interfere in USD 8.5 billion Cairn-Vedanta deal and dismissed a PIL challenging its validity.

SC reserves verdict in PIL challenging Cairn-Vedanta deal

The Supreme Court on Wednesday reserved its judgement on a petition challenging the validity of the USD 8.5-billion Cairn-Vedanta deal and seeking a CBI probe.

SC issues notices to govt, Cairn, Vedanta & ONGC on PIL

CNBC-TV18 reports that the Supreme Court on Monday issued notices to the Centre, Cairn Energy, ONGC and Vedanta on a petition that sought criminal investigation as well as the scrapping of the Cairn-Vedanta deal, that allegedly caused a huge loss to state-run ONGC.

Cairn-Vedanta deal to come under Cabinet scanner again

The Cairn-Vedanta deal continues to hover under a cloud after the Oil Ministry approached the Cabinet again for a fresh approval on the deal. The Cabinet is set to meet on Tuesday to discuss the issues that are plaguing the deal.

Cairn ramping production at Rajasthan may depend on CCEA

In an exclusive report, CNBC-TV18 has learnt that Cairn India ramping up production at Rajasthan now hinges upon a CCEA approval. The oil ministry has decided that it is best to first get the CCEA’s formal approval on the Cairn-Vedanta deal before giving Cairn a go-ahead to increase its Rajasthan output.

Cairn's wait continues, NOC for Vedanta on hold again

However, sources have said that Cairn India expects home ministry nod for Vedanta deal next week. According to Cairn sources, they don't have any major issues pending with ONGC too.

As ONGC board meets; hopes run high for NoC on Vedanta deal

It may be the day of reckoning for the Cairn-Vedanta deal. As the ONGC board meets today, all eyes are set to see if ONGC obliges.

Driven to accept govt's word on Vedanta deal: Cairn India

In a new twist to the tale, Cairn India board today said it was pushed to the wall and had no option but to accept the pre-conditions laid out by the government for the Vedanta deal. That is what Cairn India management told shareholders at the annual general meeting, report CNBC-TV18's Sajeet Manghat and Ashwin Mohan.

Cairn shareholder vote result on Vedanta deal on Sept 14

Cairn India today said the results of a shareholder vote for acceptance of conditions imposed by the government on parent firm Cairn Energy's sale of a majority stake in the Indian subsidiary to Vedanta Resources will be declared on September 14.

Words of rating agencies isn't gospel truth: Ashwani Kumar

Amid the controversy generated by downgrade of sovereign rating of the US by S&P, Minister of State for Planning Ashwani Kumar today said everything rating agencies say is not the "gospel truth" and India has remained an attractive investment destination despite a low grade.

Cairn okays all govt conditions for Vedanta stake sale

After pooh-poohing for almost a year, UK's Cairn Energy Plc has said it will accept all riders the government has attached for giving approval to its stake sale in Cairn India to mining group Vedanta Resources.

OilMin sends letters to Cairn, Vedanta giving approval

More than three weeks after the Cabinet Committee on Economic Affairs gave conditional nod to the USD 9-billion Cairn-Vedanta deal, the Oil Ministry today sent a formal letter to the companies informing of the decision.

High-profile tax raids will pressurise cos: Mukesh Butani

Mukesh Butani, Partner, BMR Advisors said that the government is going into overdrive as raids are creating pressure on the companies.

Cairn India might accept riders for Vedanta deal

In first signs that Cairn India may do a somersault so that its parent Cairn Energy Plc can sell stake to Vedanta Resources, the company has gone silent on the government preconditions that it had so far been bitterly opposing.

Here's how much Cairn-Vedanta deal will score on D-Street

After ten long months of wait, the Cairn Vedanta deal has finally made it through. The Cabinet Committee on Economic Affairs (CCEA) has given a conditional approval to the USD 9 billion worth deal, accepting most of the recommendations of the Group of Ministers (GoM).

Cairn Energy approves removal of non-compete fee

Scottish explorer Cairn Energy Plc today agreed to lower price at which it will sell up to 40% stake in its Indian unit to mining group Vedanta Resources, possibly taking into account the stringent condition the government has put for approving the deal.

Without clarity on pricing, oil will stay a slippery space

Nipun Sharma, Research Analyst, Mirae Asset Mgmt tells CNBC-TV18 that unless the government reduces loses in the sector and provides a reliable subsidy sharing mechanism, investor interest is going to be hard to come by in the oil and gas space.

CCEA may take final decision on Cairn-Vedanta tomorrow

There may be a final decision on the USD 9.4 billion Cairn-Vedanta deal as the Cabinet Committee on Economic Affairs (CCEA) meets on Thursday.

GoM for conditional approval for Cairn-Vedanta deal

Recommending conditional approval for the Cairn-Vedanta deal, a Group of Ministers said the two companies must agree to treating royalty on mainstay Rajasthan block as cost recoverable, and agree to paying cess.

GoM to mull if imposing conditions would violate BIPA

The 5 member group of ministers that has been set up to look into the Cairn Vedanta deal will have to decide whether imposing pre conditions for approving the transaction like withdrawal of CESS arbitration and accepting royalty as cost recoverable would be in violation of India's bilateral investment promotion treaty with the UK or not.

GoM for Cairn-Vedanta deal notified: Oil Min sources

The group of ministers (GoM) to look into the Cairn-Vedanta deal has finally been notified. CNBC-TV18's Nayantara Rai reports on what is the composition of GoM and what are the options available in front of them.

GoM report on Cairn-Vedanta in two weeks

The group of ministers (GoM) on the Cairn India-Vedanta Resources deal will be notified shortly, and the first meeting is expected to take place later this week, reports CNBC-TV18's Nayantara Rai and Aakanksha Sethi.

Cairn-Vedanta deal delay to upset foreign investors: FT

The Cairn-Vedanta deal has been hanging for the last eight months and delay in government approvals has forced Cairn India and Vedanta to extend the deadline for the deal to May 20. In an exclusive interview on CNBC-TV18, Amy Kazmin, South Asia correspondent of Financial Times shares her point of view on the issue.

Cairn-Vedanta deal debacle: What are shareholders' options?

Sandeep Parekh, Founder, Finsec Law Advisors, in an interview with CNBC-TV18's Shereen Bhan gives his views on all the happenings surrounding the Cairn-Vedanta deal.