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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
