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Cess on crude oil

24 Nov 2015

Pradhan favours crude cess reduction, says talking to Finanace Ministry

The Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been seeking since the steep fall in crude prices beginning June 2014, Union Minister Dharmendra Pradhan said today.

21 Jul 2015

Cairn India says merger with parent Vedanta is on track

Shareholders in Cairn India, the country`s largest private sector crude oil producer, are to get one share in mining giant Vedanta and one redeemable preference share under a $2.3 billion deal to buy out minorities announced in June.

04 Nov 2014

Cairn India CEO Mayank Ashar to get $1.15 million salary

Cairn will pay Ashar a base salary of USD 1 million per annum plus USD 1.5 lakh in a special allowance/foreign service premium.

21 Oct 2014

Cairn appoints Mayank Ashar as CEO

The company in a statement said its Board has approved the appointment of Ashar with effect from November 17.

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