Power Finance Corporation’s board has approved an in-principle merger with REC, advancing a Union Budget proposal to restructure the two public sector NBFCs. This move aims to achieve scale, improve efficiency, and enhance credit flow to India’s power and infrastructure sectors. Both companies have delivered significant multibagger returns over the past three years.
Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why
Sterlite Technologies shares hit the lower circuit on Monday as a sharp global selloff in AI and technology stocks dented investor sentiment. The decline comes
June 8, 2026