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REC declares Rs 3.20/share dividend. Check record date, dividend yield
REC Limited announced a fourth interim dividend of Rs 3.20 per share, with the record date set for March 20. The dividend will be paid on or before April 14. This marks the company’s 45th dividend since 2008, with a 12-month equity payout of Rs 20 per share.
Eerie March for bond bazaar as war shakes top issuers
War flares, oil boils, and bond markets take fright. As investors demand more for corporate bonds, issuers such as Nabard and REC are reviewing or deferring their borrowing plans, in a month that usually sees a flurry of bond sales
Dilip Buildcon bags Rs 1,850-cr transmission project in Karnataka
Dilip Buildcon has secured a letter of intent (LoI) worth Rs 1,850 crore from REC Power Development and Consultancy (RECPDCL) to develop a 400 kV substation at Mekhali along with associated transmission lines in Belagavi district, Karnataka.
Sensex stocks: HDFC Bank, TCS, Asian Paints, IndiGo, Trent hit 52-week lows
Ambuja Cements, DLF, Dixon, Gail, Indian Hotels, Shree Cement, REC, Tata Motors PV, Wipro, Suzlon, Coforge, and Info Edge, among the BSE 100 index, also hit their respective 52-week lows amid Iran war
IRFC, REC and 3 other PSU stocks hit 52-week lows, slip up to 17% in a month
Sensex dropped over 1,100 points, dragging five BSE PSU stocks to new 52-week lows. Stocks including Ircon, IRFC, REC, Rail Vikas Nigam, and Container Corp declined 12–17% in a month amid broader market weakness.
Stock market today: From Swiggy, IRFC to RVNL— More than 700 stocks hit 52-week lows on BSE amid stock market crash
As many as 719 stocks, including Swiggy, SBI Cards and Payment Services, IRFC, RVNL, REC, Concor, DLF, Naukri, Page Industries, Procter & Gamble Hygiene and Health Care, and Shree Cement, hit their 52-week lows in intraday trade on the BSE.
Centre sets up high-level panel to steer merger of Power Finance Corporation, REC
A high-level committee and a working group have been established to oversee and study the merger of Power Finance Corporation (PFC) and REC. This move aims to enhance scale and efficiency in public sector NBFCs, with the new entity remaining government-owned. The working group will focus on integration aspects, while the committee monitors progress for a smooth transition.
Taking Stock: Markets continue to see sell-off amid crude surge; rupee at record low
More than 850 stocks touched their 52-week low, including Swan Corp, Interglobe Aviation, GNFC, PNB Housing Finance, Birla Corp, BLS International, Sterling Wilson, RHI Magnesita, Just Dial, Asian Paints, Nuvoco Vistas, REC, Berger Paints, JK Lakshmi Cement, Rashtriya Chemicals, GAIL, Inox Wind, among others.
PFC falls nearly 2%, REC dips after boards clear merger scheme
PFC and REC said the merger will create a larger financing entity with an aggregate loan book exceeding Rs 11 lakh crore, aimed at strengthening scale and operational efficiency
Buzzing Stocks: Dr Reddy's up 3% despite USFDA observations; Persistent slips 8% on Nagarro acquisition
Power Finance Corporation (PFC) declined about 2 percent after its board approved the scheme of amalgamation of REC with PFC, subject to regulatory and shareholder approvals.
PFC, REC shares fall up to 4 percent after government approves merger plan
* PFC, REC shares fell after the President of India okayed merger between the two. The final share swap ratio for the merger is yet to be announced. The merger aims to create a top infrastructure financier in India.