REC

From REC-PFC merger, to fuel prices, to stock markets, to India's satellite internet policy, and HDFC Bank's leadership changes.

Large PSU financiers, including Hudco, NaBFID, PFC, REC and IRFC, are preparing to raise over $5 billion overseas after RBI unveiled a special hedging facility for dollar borrowings late last week. The move is expected to make foreign funding cheaper and kindle external commercial borrowings.

REC Ltd will merge with Power Finance Corporation after the President's approval, nearly seven years post-PFC's acquisition of a majority stake. This merger aims to enhance efficiency in Public Sector NBFCs and will dissolve REC as per the Companies Act.

Stock market today: Experts recommend these eight stocks to buy today — VTL, RR Kabel, Ambuja Cements, REC, IRFC, ABB, M&M, and Apollo Micro Systems

The geopolitical situation has pressured Indian equity markets, leading investors to favor dividend-paying stocks for stable income. Companies like Vedanta, REC, Coal India, Hindustan Zinc, and GAIL are highlighted for their high dividend yields, offering regular payouts in a volatile market.

REC Limited declared a fourth interim dividend of ₹ 3.20 per share, with March 20 set as the record date for eligible shareholders. The company reported a 15% increase in net profit to ₹ 11,574.25 crore for Q3 2024, with a 17.81% revenue growth.

War flares, oil boils, and bond markets take fright. As investors demand more for corporate bonds, issuers such as Nabard and REC are reviewing or deferring their borrowing plans, in a month that usually sees a flurry of bond sales

As many as 719 stocks, including Swiggy, SBI Cards and Payment Services, IRFC, RVNL, REC, Concor, DLF, Naukri, Page Industries, Procter & Gamble Hygiene and Health Care, and Shree Cement, hit their 52-week lows in intraday trade on the BSE.