Post Delhi High Court judgment, government mulls to recover dues from Vedanta’s Cairn Oil & Gas

The oil ministry plans to seek millions of dollars from Vedanta’s Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block license being extended beyond initial term. Cairn’s Barmer basin in Rajasthan block licence, whose initial […]

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Drop in sales revenue by 4.7% for non-ferrous metal companies in September quarter

Sales of non-ferrous metal companies contracted by 4.7 per cent in the second quarter (Q2) of this fiscal on account of overall weakness in metal prices, reports Business Standard. Among the non-ferrous metal companies, aluminium firms witnessed 21 per cent contraction in sales. A study by CARE Ratings noted that the average prices of aluminium in Q2 of FY20 […]

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