Oil and Natural Gas Corp (ONGC) is planning to drill a well in Bihar this year to look for oil and gas. A commercial discovery will not just put the state on India’s oil map but also open up for exploration the entire Ganga basin stretching from Bihar to Uttar Pradesh and Punjab.
Dalal Street exhibits positive sentiment as Nifty surpasses 21,600 and ONGC and RIL shares witness significant growth ahead of Budget 2024. Read more for comprehensive coverage of the situation.
State-run ONGC has won a series of three international arbitration awards for a total of Rs 1,000 crore in cost-sharing disputes with Petrobras of Brazil, ENI of Italy and Rocksource — now known as Pure E&P — of Norway more than a decade after the global players exited offshore exploration blocks in the Mahanadi, Krishna-Godavari and Cauvery basins.
Large cap stocks, including Tech Mahindra and Eicher Motors, have crossed their 20-Day SMAs, showcasing their resilience and potential for growth. Read about the performance of these stocks.
