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REC FUND RAISE
SBI’s board clears record Rs 60,000 cr fundraise in FY27State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims t...
HDFC raises $750-m ECB, first under RBI's special swap planHDFC Bank has successfully raised $750 million in offshore bonds, marking the first to leverage the RBI's 1.5% fixed-rate swap for external...
India sees $3 billion debt fundraising rush as yields slump after RBI moves, bankers sayIndian companies are actively raising short-term debt. This surge follows central bank actions that significantly reduced borrowing costs. ...
Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata ConsumerIndian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus...
Power finance cos turn to global markets for cheaper fundsIndian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made f...
FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
Market will be volatile, look for an alternative solution: 5 large-caps from different sectors with upside potential of up to 30%A fall in crude oil prices can trigger a relief rally, which in fact it did in early trade on Thursday. But there is another reality as wel...
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
Stocks in news: Airtel, Tata Motors, Dr Reddy's, NTPC, Dixon TechnologiesMarkets faced selling pressure on Tuesday due to weak global cues and macroeconomic concerns, with the Nifty approaching support at 23,150....
Corporates temper bond issues with yields on rise nowCorporate borrowing costs are rising again after a brief dip in mid-April, driven by concerns over the West Asia conflict impacting oil pri...
REC Ltd approves Rs 1.6 lakh crore market borrowings for FY27REC Ltd's board has approved a significant market borrowing plan. For the fiscal year 2026-27, the company will raise Rs 1.6 lakh crore. Th...
REC signs $100 million term loan agreement with EXIM BankState-owned REC announced on Wednesday that a group of six banks helped it raise USD 1.15 billion in two installments in August. According ...
Power Minister RK Singh asks PFC, REC to explore cheaper fund optionsThe minister highlighted the government's vision to make available affordable power for all round-the-clock, according to the statement.
REC gets shareholders' nod to raise up to Rs 85,000 cr via bonds, debentures"All resolutions as set out in the Notice of 52nd AGM of the company have been duly approved & passed by the shareholders with requisite ma...
REC, IRFC may raise $600 million via dollar bondsBoth these companies have to raise the money in the next 10 days.
- REC hopes to raise Rs 10,000 crore more this fiscal
State-run Rural Electrification Corp is planning to raise at least Rs 10,000 crore more this fiscal, mainly through bond issues and loans.
- REC seeks RBI approval to sell zero-coupon bonds to banks
Rural Electrification Corp wants the RBI’s nod to sell zero-coupon bonds to banks, so that it can raise Rs 1,000-1,500 cr smoothly when it ...
- REC takes ECB route to raise $200m
Faced with difficulties in raising funds from the domestic bond market amid tight cashflows and the resulting rise in bond yields.
- REC may get nod to float second cap gains bonds issue
The government may consider allowing Rural Electrification Corporation (REC) to offer a second tranche of capital gains bonds to investors ...