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India Business News: The Reserve Bank said that starting October 2024, the strict supervisory norms under the Prompt Corrective Action (PCA) Framework will apply to govern
Petrofac Limited (LON:PFC – Get Free Report) insider Sara Akbar acquired 6,828 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was acquired at an average price of GBX 73 ($0.88) per share, for a total transaction of £4,984.44 ($6,024.95). Petrofac Price Performance LON PFC opened at GBX 69.75 ($0.84) on […]
State-owned Power Finance Corporation (PFC) has approved loans worth Rs 15,000 crore for various projects, including funding for airport projects. PFC also sanctioned its first financing for a greenfield airport project in Andhra Pradesh. The company's board of directors discussed its diversification strategy, exploring new market segments, renewable energy funding, and improving asset quality. PFC is involved in financing India's energy transition goals and implementing key government initiatives in the power sector.
This is part of the power-sector lender's plan to diversify its loan book by venturing into the broader infrastructure sector
AMFI to announce changes to market cap classification in January 2024; potential entrants include Polycab and Mazagon Dock.