Market experts believe the proposed merger of Power Finance Corporation (PFC) and REC is aimed at building scale in power-sector financing. However, they note that the move alone is unlikely to impact ...
PFC owns 52.63% of REC, after acquiring the government’s stake in March 2019 (Image: Canva) The share price of Power Finance Corporation (PFC) and REC are under pressure in today’s trading session.
Power Finance Corporation on Friday said that its board of directors gave in-principle approval for the merger of the non-banking finance company REC with itself. PFC will continue to remain as a ...
The Centre plans to merge Power Finance Corporation (PFC) and REC Ltd as part of a broader restructuring of public sector non-banking financial companies to build scale, reduce operational overlap and ...
Budget 2026: Govt to restructure public sector PFC, its arm REC, as part of broader vision for NBFCs
Finance minister Nirmala Sitharaman today announced the restructuring of state-owned Power Finance Corp. (PFC) and its arm REC Ltd (formerly Rural Electrification Corp.), as part of the government’s ...
Ten years ago, a “media room” often meant a dark basement with a sectional and a TV. Today it’s a fully immersive, multisensory destination designed for cinema nights, Super Bowl parties, meditation, ...
While dressing professionally for the office might be routine, it's still only a part of your day-to-day life — and for most guys, traditional business attire doesn't meet the needs of life outside ...
Snap is exploring outside investments to help bring its Specs AR glasses to market next year. The company has already invested $3 billion into AR over the past decade, yet its core social media ...
Rec Room has laid off "roughly half" of its staff as "a business necessity". The remaining team will focus more on Rec Room Originals. Among those let go are employees who have worked at Rec Room for ...
"Roughly half" of the team at social gaming platform Rec Room has been laid off. CCO Cameron Brown said he and co-founder and CEO Nick Fajt had "made the difficult decision to lay off roughly half the ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The social gaming company raised ...
GeekWire chronicles the Pacific Northwest startup scene. Sign up for our weekly startup newsletter, and check out the GeekWire funding tracker and VC directory. by Taylor Soper on Aug 25, 2025 at 9:52 ...
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