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…
Draft Income Tax Rules 2026 explained: How you can save Rs 1.41 lakh tax outgo – top points on HRA, PAN changes
The Income Tax Department has released the Draft Income Tax Rules 2026. (AI image) The Income Tax Department has released the Draft Income Tax Rules 2026, which once approved will be applicable for FY 2026-27. For salaried and middle class income taxpayers, several changes have been proposed, which will have implications for their taxable income…