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

London-listed mining giant Vedanta paid around $1.5 billion (£92 million) for an 11 per cent stake in Cairn India, raising the pressure on New Delhi to give a full takeover a green light. Vedanta – owned by mining ...

The oil ministry said it would take at least a month for the government to take a call on the regulatory approvals for Vedanta Resources to buy a majority stake in Cairn India. “At this juncture, we ...

After procrastinating for months, the oil ministry has taken a watered-down note to the Cabinet for giving consent to London-listed mining group Vedanta Resources’ US $9.6 billion acquisition of Cairn India. “We have sent out cabinet note ...

Vedanta Aluminium needs to import around one million tonnes of thermal coal in 2011 for its new independent power plant in Orissa, an official responsible for coal buying said. Speaking on the sidelines of the Coaltrans ...

The petroleum ministry has beaten a hasty retreat on some of contentious pre-conditions it had set for approving mining group Vedanta Resources’ acquisition of Cairn India and will not play a spoiler to the US $9.6 ...

The deadlock over sharing of royalty on the oil produced from Rajasthan oil fields  has blocked the US $9.6-billion takeover of Cairn India by billionaire Anil Agarwal-promoted Vedanta Resources. No decision was arrived after the crucial meeting ...

Vedanta Resources will terminate the US $9.6-billion Cairn-Vedanta deal if Cairn India accepts the oil ministry’s conditions such as changing the royalty obligations in the Rajasthan block, three persons with direct knowledge of the matter said. Vedanta ...

Edinburgh-based Cairn Energy Plc today said it expects to conclude a $8.48 billion deal to sell up to 51 per cent stake in its Indian unit to mining company Vedanta Resources Plc by April 15 this ...

The upstream regulator Director General of Hydrocarbon (DGH) has certified that Anil Agarwal-controlled Vedanta Resources has sufficient technical capabilities to operate country’s oil and gas blocks held by Cairn India, brightening prospects of the US $9.6-billion ...