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Cairn Energy to pay up to $1.1 bn in taxes on Vedanta deal

http://economictimes.indiatimes.com

Cairn Energy to pay up to $1.1 bn in taxes on Vedanta dealCairn said it will pay all taxes due, both in India and the UK, on the $8.48 bn sale of a majority stake in its Indian arm to Vedanta Resources.

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Be patient, Orissa govt tells Vedanta

http://business.rediff.com

A delegation of Vedanta Group led by Kumar met Mohanty and urged him to accelerate process of providing alternative source of bauxite after the company was refused permission to start mining atop Niyamgiri hills in Kalahandi district.

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BA-Iberia M&A plan highlights Asian airline prey

http://economictimes.indiatimes.com

The acquisition plan outlined by British Airways and Iberia aims to land in Asia, with several viable companies waiting at the end of the runway.

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Hutch deal: Vodafone liable for tax, rules Bombay HC

http://economictimes.indiatimes.com

Hutch deal: Vodafone liable for tax, rules Bombay HCVodafone has not said how much the authorities were seeking, but a person with knowledge of the matter has said it was about Rs 12,000 crore.

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Gold surges to all-time high at Rs 19,470

http://business.rediff.com

The gold prices surpassed all previous records as they spurted by Rs 145 to Rs 19,470 per ten grams, on increased buying by jewellers and retailers to accomodate the seasonal demand for upcoming festival and marriage season beginning next month.

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Dana rebuts KNOC bid, says worth much more

http://economictimes.indiatimes.com

Dana Petroleum rejected a hostile 1.67 billion pound ($2.57 billion) bid from Korea National Oil Corp on Wednesday, citing an independent valuation that said the UK explorer was worth considerably more.

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BP set to publish report on oil spill rig blast

http://economictimes.indiatimes.com

BP is due to release its internal investigation into what caused a rig blast that led to the United States' worst ever oil spill.

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Emerging economies have survived stress test: JP Morgan

http://economictimes.indiatimes.com

Emerging economies have survived stress test: JP MorganAdrian Mowat, MD & Chief EM Strategist, JP Morgan says that currently there is a search for growth and India is sitting right in the middle of this.

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RBI asks banks to restructure aviation loans

http://business.rediff.com

The Reserve Bank has asked banks to work out a special concessional package for the crisis-ridden aviation sector, in response to which the lenders said they will look into the problems on a case-to-case basis.

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MS to launch Kinect in Japan in November

http://economictimes.indiatimes.com

Microsoft's new Kinect motion-sensing system for the Xbox 360 videogame console will hit Japanese market on November 20, the company said on Wednesday.

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