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Showing posts with label Oil India. Show all posts

Monday, July 9, 2018

Opening Bell (9 July 2018)

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Friday, June 29, 2018

INTERNATIONAL MARKET UPDATE

NCDEX SUPPORT & RESISTANCE LEVEL

Thursday, June 28, 2018

Market Live: Nifty below 10,650 ahead of F&O expiry, Sensex falls 100 pts; Midcaps index dips 1%

Asian markets were mixed amid ongoing trade concerns between the US and China

RBL Bank has acquired 100 percent stake in Swadhaar Finserve Pvt. Ltd. (SFPL) – an exclusive business correspondent of RBL Bank engaged in offering services to the underbanked segment in rural and semi-urban areas.

RBL Bank has brought this additional stake from marquee investors including global financial inclusion nonprofit Accion, which has been instrumental in shaping Swadhaar into one of India’s most effective lenders for underserved families and businesses. SFPL works as a last-mile distributor of comprehensive financial services and products, particularly loans and savings products, to low-income households and microenterprises across India.

Swadhaar’s extensive reach – with a network of 331 branches across 16 states and 2 union territories – and transformation from an NBFC to one of India’s first banking correspondents pioneered an innovative way to reach underserved communities throughout the country, the bank said.

Today, the company has an AUM of around Rs. 2,000 crores and reaches 750,000 customers.

"RBL Bank’s acquisition of SFPL is in line with its stated policy of strengthening its market position in this inclusive finance segment. SFPL and a few other select BC partners help RBL Bank in having a twin strategy of distribution, which is key towards having a diversified pan-India presence," the bank said.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-nifty-below-10650-ahead-of-f-midcaps-index-dips-1-2644411.html

Wednesday, June 27, 2018

INTERNATIONAL MARKET UPDATE:

Tuesday, June 26, 2018

Oil India gains 1% on hydrocarbon discovery in KG Basin, Andhra Pradesh

The company through its exploratory efforts has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block: KG-ONN-2004/1 in the month of May 2018 at well Thanelanka-l in Andhra Pradesh.Shares of Oil India rose 1.5 percent intraday Tuesday as company made hydrocarbon discovery in KG Basin, Andhra Pradesh.

The company through its exploratory efforts has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block: KG-ONN-2004/1 in the month of May 2018 at well Thanelanka-l in Andhra Pradesh.

Earlier, a gas discovery was made at well Dangeru -lin Andhra Pradesh in the block.

The well Thanelanka-1 is the first High Pressure - High Temperature (HP-HT) well drilled by the company and has encountered multiple sands in Gollapalli Formation of Late Jurassic-Early Cretaceous and one zone in Raghavapuram Formation of Intra Cretaceous.

On testing, the HP-HT zone in the depth range 4912-5159 m in Golapalli Formation produced gas at 1300 scmd through 16/64" bean choke. Presently, the well is under further testing.

At 11:50 hrs Oil India was quoting at Rs 210.60, up Rs 2.50, or 1.20 percent.

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