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FORGOTTEN HISTORY: Rec org | History Defined

Sebi launches Demat 2.0 pilot for tokenised corporate bonds

Sebi has launched Demat 2.0, a pilot for tokenised corporate bonds using distributed ledger technology and wholesale e-rupee settlement. REC, L&T and IIFL have raised Rs 1,025 crore, while future phases will enable trading and retail investor access in India.

The Economic Times

Stocks in news: Swiggy, M&M, REC, Adani Power and Bajaj Finserv

Indian stock markets closed lower on Monday, extending their losing streak for four weeks. Investor sentiment remained subdued due to rising oil prices and geopolitical tensions. Swiggy announced a stake sale in Lynks Logistics for approximately $52.4 million. Mahindra & Mahindra maintained its leadership in the domestic tractor market by…

The Economic Times

BSE, NSE impose over Rs 59 lakh penalty on NTPC, SJVN, REC for non-compliance

The BSE and NSE have imposed financial penalties exceeding Rs 59 lakh on three public sector power companies: NTPC, REC, and SJVN. The fines are due to violations related to board composition listing regulations. In their defense, the companies argue that the appointment of directors falls under presidential powers. They…

The Economic Times

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Bernstein cuts PFC, REC target prices as bank competition weighs on loan growth

Bernstein has retained an Outperform rating on Power Finance Corporation (PFC) and REC but cut its target prices and loan-growth estimates, citing stronger competition from banks, slower renewable capacity additions and improving financial health among state-owned DISCOMs. The brokerage lowered its target to Rs 465 for PFC and Rs 410…

The Economic Times

India plans first tokenised bond issue in September: Report

India is set to roll out tokenised corporate bonds next month, utilizing blockchain technology to facilitate immediate transaction settlements. The state-owned REC will be at the forefront of issuing these innovative bonds, which will require investors to possess both digital currency and securities wallets. This initial phase is designed for…

The Economic Times

Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade

PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure.

The Economic Times

Dividend alert! Last day to buy HAL, HPCL, IOC among 40 stocks for dividends. How many do you own?

Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to…

The Economic Times

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4 Vedanta Group stocks to see inflows worth $160 million in Nifty September rejig. What investors must know

Four newly demerged Vedanta entities could attract combined passive inflows of up to $159 million following the NSE Indices’ September 2026 reshuffle, according to Nuvama Alternative and Quantitative Research. Vedanta Aluminium Metal is expected to receive the bulk of the inflows, while Vedanta Power and Vedanta Iron and Steel could…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian stock markets opened muted this week as global worries tempered investor sentiment. Strong first-quarter earnings provided some support, offsetting geopolitical tensions. Analysts noted softer US jobs data, shifting focus to inflation readings for rate direction.

The Economic Times

NSE indices rejig: Vodafone Idea, Wipro part of major changes in Nifty Next 50 and Nifty 100. Check full list

NSE Indices announced major semi-annual rejig changes across Nifty 500, Nifty 100 and Nifty Next 50, effective September 30. BSE, Polycab, Hitachi Energy India, Vodafone Idea and Wipro will enter key indices, while several companies face exclusion.

The Economic Times

Nifty rejig: IT major Wipro to move out of benchmark index after BSE gets inclusion

Wipro will exit India's benchmark Nifty index, while BSE Ltd will enter. These changes will take effect from September 30, 2026, after market close. BSE's inclusion follows its six-month average free-float market cap crossing the required threshold.

The Economic Times

PFC shares tumble 5% to 4-month low after weak Q1 earnings. Why Motilal Oswal still recommends Buy

PFC shares fell over 5% after the company reported a 2% YoY rise in Q1 FY27 consolidated net profit to Rs 7,012 crore. Motilal Oswal retained its Buy rating but cut its target price to Rs 500, citing lower loan growth and margin pressure.

The Economic Times

Jefferies' Chris Wood sells HDFC Bank, PB Fintech shares to buy 2 new stocks

Jefferies' Christopher Wood is reshuffling his India long-only model portfolio, dropping HDFC Bank and PB Fintech's PolicyBazaar in favor of Multi Commodity Exchange of India (MCX) and eyewear retailer Lenskart Solutions. The move, detailed in his GREED & fear report, signals a shift toward exchange infrastructure and consumer retail plays.

The Economic Times

UK job vacancies rise as hiring picks up in these roles

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The Independent UK

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The Independent UK

Most in demand jobs in UK revealed – and the locations where vacancies are rising the most

There were a total of 1.7 million job adverts in June, a 9% increase on May and 11% up on a year ago, said the Recruitment and Employment Confederation (Rec)

The Economic Times

Bijay Kumar Mohanty assumes additional charge as CMD, IREDA

India's state owned Indian Renewable Energy Devlopment Agency (IREDA) on Wednesday, says its director of Finance, Bijay Kumar Mohanty who has assumed additional charge of Chairman and Managing Director on July 1. He's a fellow member at of the Institute of Cost Accountants of India and has 27 years of…

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

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…

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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.…

International Business Times UK

UK Unemployment Set to Reach Highest Level Since 2015 as Iran Conflict Adds Pressure to Economy

The Confederation of British Industry forecasts UK unemployment to rise to 5.5%, the highest since 2015, due to rising costs, weaker growth, and global instability.

The Guardian - UK

UK companies opting to hire temporary workers over permanent staff, recruitment firms say

Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitment

The Economic Times

RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on hold

The RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipate the monetary policy committee will hold interest rates steady in August. Measures include expanding access to government securities and offering incentives for foreign investments. These steps aim to boost the economy and manage…

The Economic Times

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…

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