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The Latest Breaking News from PFC

Court Affirms Rejection of Allegedly Anti-Zionist Professors' Claims That University Should Have Stopped Jewish Professors from Filing Religious Discrimination Complaints Against Them

From Lax v. CUNY, decided in 2024 by N.Y. trial court judge Gina Abadi, and just affirmed Wednesday in a… The post Court Affirms Rejection of Allegedly Anti-Zionist Professors' Claims That University Should Have Stopped Jewish Professors from Filing Religious Discrimination Complaints Against Them appeared first on Reason.com.

Reason

PFC raises USD 300 mn via bonds carrying floating interest rates

Power Finance Corporation has successfully secured USD 300 million via floating rate notes set to mature in July 2029. These instruments adhere to the Reserve Bank of India's guidelines for external borrowing. The funds raised will be allocated effectively in accordance with these regulations, with the bonds slated for listing…

The Economic Times

PFC-REC merger: Which stock should you buy before the mega deal creates Rs 11 lakh cr power financing giant

Power Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger…

The Economic Times

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Banks, power finance and infrastructure to lead next leg of market rally: Pankaj Pandey

India's banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according to ICICI Securities' Pankaj Pandey. NBFCs also stand to gain from a softer interest rate environment. While IT acquisitions may take time for significant returns, power financiers and transmission…

The Economic Times

PFC-REC merger explained: Swap ratio, rationale, other key details as merger set to create Rs 11 lakh cr power financing giant

The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here's a look at the approved share swap ratio, merger rationale, pending approvals, record date details, and what the restructuring means for shareholders.

The Economic Times

PFC-REC merger approved! Here's what will happen to your existing shares after mega merger

PFC and REC boards approved their merger scheme with a share-swap ratio of 88 PFC shares for every 100 REC shares. The merger aims to create India’s largest power financing institution. Analysts advise staggered investment, citing regulatory approvals, execution risks and valuation concerns despite long-term sector support.

The Economic Times

Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata Consumer

Indian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus. ADIA plans to sell Lenskart shares. Tata Consumer targets over 20% EBITDA margin. Reliance Industries subsidiary will redevelop a Mumbai slum. REC Ltd will merge with Power Finance Corporation.…

The Economic Times

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Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts say

PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the trade now involves swap ratios and execution clarity beyond core business fundamentals. PFC is seen as the safer bet due to its parent status, while REC presents a…

The Economic Times

PFC, REC shares in focus as mega merger process advances. What's next?

Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approved seeking formal approval from the President of India for this proposed mega merger. This move consolidates two major PSU non-banking financial corporations. The merger is subject to further regulatory clearances and…

The Economic Times

Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC

Markets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict implications for oil and inflation. Vodafone Idea reported a Rs 51,970 crore net profit due to an accounting gain, while Tata Steel and Hindustan Copper saw significant profit growth in Q4FY26.

The Economic Times

PFC board clears next step for REC merger, seeks govt approval

Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while…

The Economic Times

PFC Q4 Results: Profit rises 24% to Rs 6,325 crore as interest income grows

Power Finance Corp reported a strong rise in fourth-quarter and full-year earnings for FY26, supported by higher interest income, improved fee income and a reversal in impairment provisions. Lower credit costs and steady growth in core lending operations helped the state-run power sector financier deliver improved profitability despite higher finance…

The Economic Times

Stocks in news: Airtel, Tata Motors, Dr Reddy's, NTPC, Dixon Technologies

Markets faced selling pressure on Tuesday due to weak global cues and macroeconomic concerns, with the Nifty approaching support at 23,150. Several companies like Airtel, Tata Motors, and Dr Reddy's are in focus due to earnings reports and other news developments.

The Economic Times

Nasser al-Khelaifi plays game of risk with plans to move PSG from the Parc

With Paris FC promoted, European champions could lose their monopoly in city if out-of-town move goes through

The Guardian - UK

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The Guardian - UK

Mood Machine by Liz Pelly review – a savage indictment of Spotify

The global streaming behemoth has made music blander and life harder for artists, according to this enraging portrait

Reason

Court Rejects Allegedly Anti-Zionist Professors' Claims That University Should Have Stopped Jewish Professors from Filing Religious Discrimination Complaints Against Them

From Lax v. CUNY, decided Friday by N.Y. trial court judge Gina Abadi: Plaintiffs are observant Jewish professors at Kingsborough Community College (Kingsborough), which is part of CUNY [City University of New York]. Defendant Professional Staff Congress (the Union) is the labor union for the faculty. Defendant the New Caucus…

Dynamite News

PFC achieves another milestone; Pays highest-ever interim dividend of Rs2033Cr to Govt

Parminder Chopra, CMD PFC presented the interim dividend RTGS intimation advice to RK Singh, Union Minister (Power, New & Renewable Energy). Read further on Dynamite News:

Motorsport

Rising concerns in IndyCar over PFC’s braking system

There have been three known issues thus far, with the latest happening during the first test session on ahead of this weekend’s $1 Million Challenge at The Thermal Club.

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Dynamite News

PFC Grabs Another Feather: Wins SAFA Gold Award for Best Presented Accounts, Annual Report

PFC Chairperson and Managing Director Parminder Chopra received the prestigious SAFA Gold Award at a grand ceremony in Ghaziabad. Read further on Dynamite News:

Reason

Publishers' Claims Over Alleged Harassment Campaign by eBay Can Go Forward

"A group of eBay employees devised and engaged in a campaign of harassment, stalking, and threats to stop the Steiners from reporting about eBay" in their ECommerceBytes trade publication.

Dynamite News

PFC records highest ever quarterly profit; Increase of 28% in Q2 in current fiscal year

India's leading public sector undertaking, Power Finance Corporation Limited has clocked the highest ever quarterly Profit After Tax of Rs 3,847Cr in Q2’24. Read further on Dynamite News:

Dynamite News

PFC concludes 'Vigilance Awareness Week'; Vows to a corruption-free nation

PFC Chairperson and Managing Director Parminder Chopra inaugurated the celebrations and administered the Integrity Pledge. Read further on Dynamite News:

The Hindu

ISL-10 | Chennaiyin routs 10-man Punjab

Chennaiyin FC cruise to 5-1 win over Punjab FC, Ryan Edwards, Connor Shields, Rafael Crivellaro and Vincy Barretto score for CFC, Khundongbam Krishnananda nets consolation for PFC.

Dynamite News

PFC gets Rs 105 Cr loan from Japan Bank for International Cooperation

This loan agreement was signed under the long-term facility of JPY 30 billion provided by JBIC to PFC. Read further on Dynamite News:

The Times of India

East Bengal beat Punjab FC to enter Durand Cup quarters

KOLKATA: East Bengal FC are on a roll. Days after winning the Kolkata derby, the red-and-gold brigade qualified for the Durand Cup knockout stages defeating Punjab FC (PFC) 1-0 in their final Group A game here on Wednesday. They won two and drew one game to top the group with…

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