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PFC ISSUE
PFC, REC seek to help centre retain majority at low costPower Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary op...- PFC raises $300 million through five year dollar bondPower Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special sw...
- Indian financial firms to tap $1.5 billion overseas bonds this week: BankersIndian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging ...
- SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swapMajor Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion fro...
- 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...
- 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...
- RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on holdThe RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipat...
- LIC emerges as highest profit-making financial company in March quarterLife Insurance Corporation of India has achieved the highest profit in the Indian financial sector for the March quarter. The company repor...
- PFC board clears next step for REC merger, seeks govt approvalPower Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s no...
- PFC-REC merger may not be a priority amid war squeezeBoards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fal...
- 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...
- US Trade Representative retains India on priority watch list on IPR; Vietnam faces toughest scrutinyThe US Trade Representative has identified Vietnam as a Priority Foreign Country due to inadequate intellectual property protection. India,...
- Investors should start deploying capital gradually: Daljeet KohliIndependent Market Expert Daljeet Kohli suggests the worst of geopolitical tensions may be behind us, advising a disciplined, phased invest...
- PFC shares jump 5% to hit fresh 52-week high, surge 29% in April so far. What's heating up the stock?PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock ha...
- PFC gets shareholders' nod to issue bonus sharesThe PFC had proposed to issue bonus shares by capitalising securities premium account to the extent that each shareholder is entitled to a ...
- Power Finance Corporation board to consider bonus issue, dividend on August 11Power Finance Corp funds power projects in India. The company serves state power utilities, central power sector utilities, power departmen...
- PFC raises Rs 4,432 cr via three- & 10-yr bond issuesCoupon rates for the bond sales were largely in line with market expectations, treasury executives said. PFC and its subsidiary REC are bot...
- Power Finance Corporation looking to raise Rs.1000 crore through medium term bond issuePower Finance Corporation is looking to raise Rs.1000 crore through a medium term bond issue.
- Power Finance Corp plans to raise nearly Rs 16,800 crPower Finance Corp is hoping to raise nearly Rs 16,800 crore in the coming months through issue of securities, including tax-free bonds.
- Govt to begin FY12 divestments with PFC issue on May 10The government will kickstart its disinvestment programme for the next FY with Power Finance Corp’s Rs 6,000-cr public issue on May 10.
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