Cairn Energy to return cash from Indian floatation
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Oil firm Cairn Energy said Tuesday that it will return about 481 million pounds to shareholders from the stock market flotation of its Indian unit in Mumbai.
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Oil firm Cairn Energy says the flotation of its Indian business next year will raise about Â£666m.
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A British bookmaker offered a one  million pound ($2 million) reward on Monday to anyone who can  prove that Scotland&#39;s legendary Loch Ness monster does actually  exist.
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The Scottish Executive is set to announce funding for a wave farm which could be the biggest in the world.
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The share flotation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.
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The share floatation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.
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Shares in Cairn Energy plummeted 20 per cent on Friday after the oil explorer announced it had failed to strike oil in a new field in the Indian state of Rajasthan.
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A bookmaker offered a one million pound reward on Monday to anyone who can prove that Scotland&#39;s legendary Loch Ness monster does actually exist.
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Â£13m for Orkney green 'leccy plant Scotland will enjoy the "world's biggest wave energy farm" after Scottish ministers agreed to fund a major installation at the European Marine Energy Centre in Orkney.â¦
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Shares in Cairn Energy today fell sharply after the company announced it had failed to find fresh oil fields near its existing operation in north-west India.
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China Coal raises $1.69bn in its Hong Kong flotation, just the latest Chinese firm to list its shares this year.
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THE board of investment bank Lazard meets today to consider a float on Wall Street that could value the firm at Â£1.7bn, according to reports.
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Business & money: Bank working to raise around Â£10bn from the Chinese and Singapore governments.
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Business & money: Firm will raise electricity rates by 9.7% and gas prices by 15% from tomorrow
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British oil explorer Cairn Energy has raised 37 billion rupees (822.47 million dollars) in private placings of shares in its Cairn India unit ahead of its flotation, with Malaysia's Petronas buying a 10 percent stake.
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The assembly government is taking court action to recover a grant from a dairy firm, which closed its plant last year.
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The money is coming. Profit from where it will go.