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Jul 15, 2022 . The PFC and REC merger is stuck on concerns that it may reduce financing to the power sector. "Since PGCIL is not in the lending business, REC said its merger will not have any impact on the lending," a power ministry official said. Before the stake acquisition, PFC and REC could each borrow up to 20% of a bank's net worth..

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Jul 22, 2022 . Moondra will be cash-strapped Vodafone Ideas third CEO since the merger of Vodafone India and Idea Cellular in August 2018, which created what was then Indias largest telco by subscriber and revenue market share. Balesh Sharma became its first CEO after the merger, followed by Takkar who took charge in August 2019 for a three-year term..

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