Reliance tests presence of natural gas in KG-D6 block
Reliance Industries has successfully tested presence of natural gas in one of the two KG-D6 block natural gas discoveries which the sector regulator DGH had previously refused to recognize as DST test was not done. RIL last week completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that established presence of hydrocarbon. Further, the DST will be done in D-30 in the Bay of Bengal for conducting similar test soon.
Coal India faces difficulty in finding buyers for e-auction
Coal India is facing difficulty in finding sufficient buyers on its e-auction platform. In July, only 68% of the coal offered in e-auction found takers, which was around 90% earlier.
This is primarily on account of weak demand scenario for the user industries like steel and cement. – Sentimentally Negative.
HDFC Bank aims to add 100 branches in east by FY16
The country’s second biggest private sector lender by assets HDFC Bank is stepping up expansion in India’s eastern region, and is planning to add 100 new branches before the end of the ongoing fiscal.
The bank which currently has around 500 branches in eastern India, is aiming to take its total count to 600 branches by the end of FY 2015-16, as per reports. Out of the 600 branches, the state of West Bengal is likely to host 195-200 branches of HDFC Bank.
ICICI Bank allots 218,005 equity shares under ESOS
ICICI Bank Ltd has informed BSE that the Bank has allotted 218,005 equity shares of face value of Rs. 2/- each on September 03, 2015 under the Employees Stock Option Scheme, 2000 ( ESOS).
Allahabad Bank to allot shares to government at Rs96.98 per share
Allahabad Bank to allot shares to government at Rs96.98 per share – sentimentally positive .Allahabad Bank has called for EGM to allot 2.91 crore shares to government at Rs96.98 (25% premium to CMP) and hence positive.