Mayank Ashar

Cairn India CEO Mayank Ashar resigns

Cairn India Chief Executive Mayank Ashar has quit the job, the third CEO to resign from the company ever since it was taken over by billionaire Anil Agarwal-led Vedanta Group four-and-a-half-years back

Cairn India posts biggest quarterly loss of Rs 10,948 cr in Q4

Net loss of Rs 10,948.22 crore in January-March compared with a net loss of Rs 240.82 crore in the same period a year ago, the company said in a statement.

Cairn wants govt to reduce oil cess before Budget

Cairn India Managing Director and CEO Mayank Ashar said the government should convert the Rs 4,500 per ton Oil Industry Development Cess, which takes away a third of the current oil price of about USD 30 per barrel, into ad valorem.

Govt must allow cos to sell crude at market rate: Cairn India

"The government should move on the fair pricing of our crude which today, is discounted by 25 percent to Brent; so, hopefully these changes can happen in the Budget or even sooner," says Mayank Ashar, CEO, Cairn India.

Cairn to invest Rs 1,400 cr to raise oil carrying capacity

Meanwhile, a senior official of Cairn India said the oil block in Rajasthan operated by Cairn - ONGC JV has crossed a milestone of 300 million barrels crude production.

'Cairn Energy to vote against Vedanta-Cairn India merger'

Cairn Energy's objections were over "fundamental disagreements over valuations", and its preference for "holding an investment in an energy company rather than a distributed resources group," the newspaper said, citing one person with direct knowledge of the matter.

Cairn-Vedanta merger blues: After LIC, UIIC unhappy

The representative of United India Insurance said that the merger, which will help Vedanta reduce its debt, will be detrimental to Cairn India‘s capex plans.

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.