Rahul Dhir

US-based private equity firm Carlyle Group on Monday said it will invest USD 500 million in Magna Energy Ltd, an India-focused oil firm founded by Mike Watts, the man who saw oil in Rajasthan's Thar desert where global giant Royal Dutch Shell saw none.

Cairn India CEO Mayank Ashar to get USD 1.15 million salary

Cairn India will pay Mayank Ashar, its first full-time CEO in two years, a salary of USD 1.15 million plus perquisites and allowances.

Sudhir Mathur is new CFO of Cairn India

Cairn India today said it has appointed Sudhir Mathur as Chief Financial Officer (CFO) & member of the company's Executive Committee.

Cairn India MD-CEO Rahul Dhir steps down; stk slips 3.6%

Cairn India's Managing Director and Chief Executive Officer Rahul Dhir has step down w.e.f. August 31, reports CNBC-TV18.

Rahul Dhir quits as CMD of Cairn India

Cairn India‘s managing director and CEO Rahul Dhir, who has been the face of the organization for close to six years. Dhir‘s exit, marks the consolidation of Vedanta Resources $8.64 billion acquisition of the company from Cairn plc.

Raj field output can go up by 70% on timely govt nod: Cairn

Cairn India today said it can raise crude oil production from its prolific Rajasthan fields by over 70% to 300,000 barrels per day or 15 million tonnes a year if government gives timely investment and other approvals.

Budget 2012-13 has lead to the regret economy

India's reputation takes a beating as the government plays ducks and drakes with policy

Cairn India CEO sells 1.5m shares in company

The chief executive officer of Cairn India has sold more than half his shareholding in the oil and gas explorer for Rs 51.26 crore, the company said in a stock exchange filing on Thursday.

Cairn India profits to halve if asked to share royalty

Cairn India said its net profit will halve to Rs 1,435 crore in the quarter ended June 30 if it is asked to share royalty on crude production from the all-important Rajasthan oilfield, even as its parent Cairn Energy seemed inclined to agree to the proposition.

Board meet agenda of Cairn India: No royalty relief!

Cairn India is caught between a rock and a hard place-even if its board was to drop the proposed deal with Vedanta, it will have to bear the burden of royalty as per the government's directive. CNBC-TV18's Sajeet Manghat and Ashwin Mohan say the decision will be taken when the board meets on July 24.

Delay in govt nod for deal with Vedanta hurting co: Cairn

The overarching issue for Cairn is the finality on its stake sale to Vedanta. The energy major's board has also decided that it is not going to accept the government's pre-conditions and that the delay in getting approvals is hurting Cairn.