Cairn India, which is 69 per cent owned by London-listed Cairn Energy, is very close to securing the vital approval it needs to begin work on the pipeline to transport the oil from its vast Rajasthan oil fields, the Indian government has said.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
RIL's predominantly gas rich KG-D6 block, off the east coast, has also helped boost availability of the environment friendly fuel in the country.
Skipper Chris Cairns hit an explosive 70 as Chandigarh Lions scored a 38-run victory over Mumbai Champs.
The former New Zealand all-rounder said the the Essel venture has the edge because of the local flavour in the leagues.
The Kiwis are among 18 more players who signed up with the rebel league.
Let's journey with Parineeti Chopra to Australia!
The company plans to begin drilling in Bihar's Gangetic basin by next year. It has completed the seismic surveys and is currently studying the data collected to understand the geological structures below the surface.
The proposed 7.5 million tonne per annum refinery was to process crude oil from Cairn India's field in Barmer, which is expected to start producing in the first half of 2009.
The former Kiwi ace picked Wasim Akram as the greatest bowler and Ian Botham the greatest all-rounder.
In a sudden volte-face, the government is veering around the idea of setting up a Rs 8,000 crore refinery in Rajasthan to process crude oil found in the state.
Interest from Malaysia's Petronas in Cairn India and Swiss Petroplus in Cairn India's parent, Cairn Energy, saw the shares of both the companies gaining on the bourses.
'The Himalayan people may not represent a large or politically influential section of the population, but India's security depends on them.' 'Let us hope Sikkim remains a beacon of stability,' says Claude Arpi after a recent visit to the picturesque north eastern state.
Public shareholders of Cairn India will lose out on a whopping Rs 3,570 crore (Rs 35.7 billion) to the promoters who would be only beneficiary of a non-compete fees to be paid by its suitor, London-listed Vedanta group.
Cairn India, a unit of UK-based Carin Energy, will have the potential to account for 20 per cent of India's oil production in the next decade once oil starts flowing from its three fields in Rajasthan.
Former New Zealand captain Brendon McCullum has used the Marylebone Cricket Club Spirit of Cricket lecture to criticise the sport's governing body for its handling of match-fixing evidence. Speaking at an annual function at Lord's on Monday, McCullum said he felt let down that his report of alleged match-fixing approaches from former New Zealand teammate Chris Cairns were leaked. Cairns was acquitted of match fixing-linked perjury charges following a two-month trial in London at last year, at which McCullum gave evidence. The 34-year-old said the leaking of his initial testimony had a huge personal effect on him and his family because of the intense media scrutiny and fears his experience will put off others who may want to provide evidence to authorities. "No witness should ever have to go through such a scenario again," he said. "The leak has never been explained to me. To my knowledge no one has been held accountable and, in those circumstances, it is difficult to have confidence in the ICC. "It goes without saying that, if players do not have confidence in the organisation, they will be reluctant to report approaches and the game is worse off."
Interest rate sensitive stocks gain ground post decision
State-run Oil and Natural Gas Corporation on Monday said it has resolved differences with Cairn India Ltd for building a $340-million pipeline to take crude oil found in Barmer district of Rajasthan to Gujarat.
Cairn India is actively considering the option of evacuating its crude oil from Rajasthan through Viramgam in Gujarat
Oil and gas exploration major Cairn India Ltd on Tuesday got listed at Rs 140 on the Bombay Stock Exchange with a discount of 12.5 per cent over its issue price of Rs 160.
Cairn India Ltd, which listed on the National Stock Exchange at Rs 152 on Tuesday, said it will invest $1.5 billion in exploration and development activities in India over the next three years.
Some retail investors have withdrawn from the initial public offer of Cairn India after the closure of the issue, which managed to receive 1.1 times subscription.
To decide whether capital gains on surrender of call options are taxable
More than three months after announcing the sale of its up to 51 per cent stake in the Indian unit to Vedanta, Cairn Energy Plc on November 23 last year had made a conditional application to seek government's nod but refused to accept partner ONGC's rights.
Putting aside the plan for setting up a greenfield refinery in the state, Cairn Energy India, in a joint venture with ONGC, is planning to build a 500-km pipeline to evacuate crude oil from the Mangala, Bhagyam, and Aishwarya fields.
Cairn Energy India's initial public offering of 32.88 crore (328.8 million) shares will open on December 11 and close on December 15 at a price band of Rs 160-190 per share.
Petronas of Malaysia has picked up about 10 per cent stake in Cairn India Ltd, the subsidiary of Scottish oil firm Cairn Energy Plc, that is to be listed on Bombay Stock Exchange by the end of next month.
SBI's Bhattacharya is ranked second on the list, while ICICI's Kochhar is 5th and Axis's Sharma is 19th in the Fortune list
Oil explorer Cairn Energy Ltd has said it would invest $90 million, along with its joint venture partners, over the next nine months toward drilling activity at Ravva, the offshore oil and gas field in the KG Basin.
While winning four major finals, India have finished on the losing side in the finals on four occasions.
The early results from corporate India for the first quarter of 2015-16 are in, and these strongly suggest that a cyclical recovery is underway.
Index heavyweights continue to be top losers with ICICI bank.
New Zealand all-rounder Chris Cairns will quit one-day cricket after the 2007 World Cup in the West Indies.
India is massively underexplored, says Rahul Shir, CEO, Cairn India.
Cairn Energy of UK has secured a $1 billion banking facility to fund its Rajasthan oil field development plan.
Sculpture by the Sea is an annual event, extremely popular and a much loved exhibition, attracting visitors in the hundreds of thousands to the shores of Cottesloe, in Perth, Australia.
Government has approved Cairn Energy's one-billion dollar development plans for four of the 18 oil discoveries made by the British firm in its Rajasthan block.
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