PFC, REC say moving ahead with planned merger, combined entity to benefit from strong balance sheet

NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the combined…

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Without Rera data, real estate reform risks losing credibility: Homebuyers’ body

New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of…

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Blessed by ‘Blessing’: Sachin Tendulkar hails Zimbabwe after Australia upset | Cricket News

Zimbabwe’s Blessing Muzarabani, right, celebrates the wicket of Australia’s Adam Zampa, left, during the T20 World Cup cricket match between Australia and Zimbabwe in Colombo, Sri Lanka. (PTI) Former India cricketer Sachin Tendulkar described Zimbabwe’s win over Australia as a “statement win” after they defeated Australia by 23 runs in the ongoing T20 World Cup…

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T20 World Cup: Saiteja Mukkamalla, Harmeet Singh shine as USA register first T20I win over Netherlands | Cricket News

United States’ Nosthush Kenjige celebrates the wicket of Netherlands’ Michael Levitt during the T20 World Cup cricket match between Netherlands and United States in Chennai, India, Friday, Feb. 13, 2026. (AP) The United States secured a 93-run win over the Netherlands in a group-stage match of the T20 World Cup on Friday, riding on Saiteja…

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Infosys pays average 85% performance bonus for Q3; payout to be credited with February salary

Software major Infosys on Friday announced an average organisation-wise performance bonus payout of 85% for the quarter ended December (Q3FY2025-26), with a large section of employees receiving higher variable pay, ET reported.Employees will receive the bonus along with their February salary, the company said in an email to staff.The higher payout follows a quarter marked…

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