PFC REC Merger Approved: REC Holders to Get 88 PFC Shares for Every 100
India's two big power-finance companies, PFC and REC, are joining into one. A merger means two companies become one. REC…
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Tag: NBFC
RBI Wants NBFCs and Companies in the Money Market: What the Liquidity Push Means
The RBI wants to open the money market to NBFCs and big companies so short-term cash moves more easily. Here…
RBI Breather for Tata Sons, but Asset Size Hurdle Stays
The RBI's new norms make NBFC classification simpler. But the Rs 1 lakh crore asset hurdle keeps Tata Sons in…