Mining: Cairn India profits lift Vedanta results

Underlying profits at Vedanta rose 21 per cent last year to $4.89bn (£3.19bn) as revenues from oil and gas assets acquired in late 2011 helped offset iron-ore mining bans that cost the Indian-focused miner almost $500m in lost profits.

The London-listed group bought Cairn India in 2011 and the operations were responsible for almost half its earnings over the year to the end of March.