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India Inc's foreign borrowings jump 24 percent to $9.23 billion in March SECTIONS Last Updated: May 02, 2021, 10:44 AM IST Share Synopsis Of the total borrowings during March 2021, USD 5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of USD 3.88 billion was raked in via the automatic route of raising funds from international markets. ThinkStock Photos India Inc's external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed. Indian firms had raised USD 7.44 billion from the foreign m...

Discoms' overdues fall to Rs 74,510 crore in March In May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from Power Finance Corporation (PFC) and REC Ltd PTI | April 21, 2021 | Updated 14:24 IST The outstanding overdues of power distribution utilities fell by over Rs 15,118 crore to Rs 74,510 crore in March this year, as compared to the preceding month, mainly due to the release of the second tranche of liquidity infusion package, according to PFC Consulting Ltd data. The overdue amount stood at Rs...

Trading pick of the week: REC Ltd (Rs 135.5): Sell × Investors with a medium-term horizon can sell the stock of REC Ltd at current levels. After encountering a key long-term resistance in the band between ₹156 and ₹160 in mid-February this year, the stock started to weaken and plunged . Extending the recent down-move the stock fell 5.9 per cent on Friday, decisively breaching the key support at ₹140 as well as the 21- and 50-day moving averages. The stock has been in an intermediate-term uptrend since it took support at around ₹80 in March 2020. Following a short-term correction, ...

Hong Kong, Feb 22 (ANI): Fitch Ratings has assigned REC Ltd's proposed senior unsecured notes a rating of BBB-negative.

Read more about REC Ltd jumps 1.83% on Business Standard. REC Ltd is quoting at Rs 141.65, up 1.83% on the day as on 12:44 IST on the NSE. The stock is up 0.64% in last one year as compared to a 17.81% jump in NIFTY and a 7.68% jump in the Nifty Financial Services.