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PFC gets RBI nod to set up wholly-owned finance company in Gujarat

The Reserve Bank of India approved Power Finance Corporation to establish a wholly-owned finance subsidiary at Gujarat s GIFT City s International Financial Services Centre. This move is anticipated to broaden PFC s global reach and business prospects, as per the company s announcement. PFC operates as an infrastructure finance entity under the Ministry of Power. ....

Business News , Breaking News Events , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Wholly Owned Finance Company , New Delhi , Power Finance Corporation , Reserve Bank Of India ,

Adani's ₹4,100-crore offer for Lanco Unit to be the anchor bid

The RP invited lenders to vote on whether to consider Adani s unsolicited offer since he has already filed an application with the NCLT. In the last week of December, lenders unanimously voted to consider the offer. KPMG-backed RP Saurabh Kumar Tikmani has applied to the NCLT seeking direction on holding an auction with Adani s offer as an anchor bid. The tribunal is scheduled to hear the matter on January 16. ....

Lanco Amarkantak , Saurabh Kumar Tikmani , Power Finance Corporation , Reliance Industries , National Company Law Tribunal , Adani Power , Lanco Amarkantak Power , Kumar Tikmani , Bankruptcy Code ,

F&O stocks: Tata Consumer Products, IndusInd Bank among 5 stocks with long buildup

Open interest indicates that bulls are likely to dominate the following counters. In Thursdays trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. ....

Indusind Bank , Container Corporation Of India , Consumer Products , Tata Consumer Products , Markets News , Tata Consumer Products Shares ,

Cut off transmission access to discoms defaulting on payments to gencos: Govt

Data from the Ministry of Power showed that all current payments of gencos are up-to-date and the legacy dues of gencos have come down by 63 percent from Rs. 1.396 lakh crore to Rs. 51,268 crore in just over a year since the late payment surcharge rules were notified. ....

Network Access , Ministry Of Power , National Load Dispatch Centre , General Network Access , Late Payment Surcharge , Related Matters , Aggregate Technical , Ministry Of Power , Power Demand , Power Exchange , Late Payment Surcharge ,

A day of rejigs: FTSE, BSE100 rebalancing today, HDFC Bank likely to get $500-mn inflow

The S&P BSE 100 index will also see a dynamic shift as seven counters will change. As per IIFL, it is an active largecap benchmark. Tata Elxsi, Adani Power, Voltas, Bandhan Bank, Mphasis, Crompton Greaves Consumer Electricals and ACC are to be dropped from the index ....

India General , Andrew Holland , Tata Elxsi , Nuvama Research , First Bank , Embassy Office Parks , Nexus Select , Jio Financial Services , Godrej Properties , Power Finance Corporation , Bandhan Bank , Motor Company , Bharat Electronics , Hindustan Aeronautics , Macrotech Developers , Suzlon Energy , Power Finance Corp , Hdfc Bank , All Cap , Alkem Labs , Mankind Pharma , Interglobe Aviation , Nexus Select Trust , Adani Power , Crompton Greaves Consumer Electricals , Yes Bank ,