Home
Latest
E-paper
Companies
Industry
Economy
Blueprint
Finance
Markets
Budget
India News
Politics
External Affairs Defence Security
World News
Opinion
Technology
Immigration
Specials
Partner Content
Sports
Cricket
Lifestyle
Entertainment
Social Viral
Health
BS Decoded
Books
Education
Newsletters
Web Stories
BS at 50
Multimedia
Sudoku
Crossword
BS Apps
Management
Premium
Indulgence
Explore Business Standard
BFSI Insight Summit
Events
About Us
BS Support
Associate Sponsors
Co-sponsor
Popular Search
Merger involving $61 billion of debt seen aiding India's credit market
The government will merge state-run PFC and REC, a move fund managers say could channel more capital into major corporates and large power projects
PFC approves in-principle merger proposal with REC after Budget 2026 push
PFC's board has approved an in-principle merger with REC after the Budget 2026 proposal to restructure the two public-sector NBFCs. The merger details are yet to be finalised
REC net profit rises 13% in Dec quarter on improved asset quality
The net income of the company stood at Rs 4,350 crore in Q3 FY24 as against Rs 3,573 crore in Q3 FY23, registering a jump of 21 per cent
Top 10 biz headlines: Jet gets another EoI, PFC-REC merger stuck, and more
This is the third EoI that Jet has received in the second round of bidding
PFC-REC merger stuck, Centre reaching out to PSUs to pick up stake
One major obstacle is that the direct stake of the Centre will fall below 51% after the merger
PFC, REC merger may leave discoms with higher-than-usual dues on books
The total outstanding dues of the discoms are Rs 26,437 crore, according to the power ministry's portal
