State-run Power Finance Corporation on Friday announced its second interim dividend of Rs 3.65 per equity share for the financial year FY26. The PSU power NBFC has set November 26 as the record date for ascertaining the shareholders’ eligibility. The date of payment of the dividend will be on or before December 6, 2025. The … Read more
In the Nifty200 pack, 10 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on October 29, 2025, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is … Read more
Shares of power financing PSUs REC Ltd and Power Finance Corporation (PFC) climbed up to 3% on Thursday after Morgan Stanley initiated coverage on the two stocks with an ‘overweight’ rating, citing attractive valuations, robust loan growth, and stable asset quality. The global brokerage has set a price target of Rs 485 for REC and … Read more
The Indian market closed in the red for the fourth straight session on Wednesday, tracking muted global cues. The S&P BSE Sensex fell over 600 points while the Nifty50 was down 183 points to close at 22,704. Sectorally, buying was seen in utilities, power, healthcare, and telecom stocks while IT, oil & gas and banks … Read more
New Delhi: The Mistry family, promoters of Shapoorji Pallonji (SP) Group, is looking to raise ₹15,000 crore in five-year loans against cash flows in their real estate business to replace high-cost debt, according to people with knowledge of the matter. The funds will be used to redeem bonds issued three years ago that have onerous … Read more
Global index services provider MSCI has added eight Indian stocks to its Global Standard Index and removed one as part of its quarterly index review. The changes will likely result in an inflow of nearly $1.4 billion from foreign passive funds when the actual changes take place on August 31. A release by MSCI on … Read more
Mumbai: Stocks of Power Finance Corporation, HDFC Asset Management Company, IDFC First Bank, Ashok Leyland, Cummins India, and Astral are likely to be included in the MSCI Global Standard Index in its forthcoming rejig to be announced on August 11, according to Nuvama Alternative & Quantitative Research. IDFC First Bank is expected to see inflows … Read more
Mumbai: Power Finance Corporation will likely launch this week its first public issue of bonds since January 2021, looking to raise up to ₹5,000 crore. The issue, which opens on July 21 and closes on July 28, could have a base size of ₹500 crore and a greenshoe option of ₹4,500 crore, sources said. The … Read more
Back in 2010-11, India’s corporate tax mop-up was twice its personal income tax (PIT) collection. Now both are almost equal. In the past decade, the nation’s direct tax story has shown a trend: while the growth of companies’ tax payouts has been modest, citizens are contributing much more to the exchequer than what they used … Read more
In the upcoming quarterly index review by MSCI Inc, Cummins India, and IDFC First Bank have a high probability of entering the India index, according to Emkay Alternative and Quantitative Research.Global index aggregator MSCI Inc will announce the results of its quarterly review on August 10, and the changes, if any, will come into effect … Read more