PFC completes takeover of REC

PFC completes takeover of REC: Power Finance Corporation (PFC) said, it has completed the buyout of fellow PSU Rural Electrification Corporation (REC). The next step is to enable synergies and eventually merge the two, according to top company officials.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Comments

Post a Comment

Popular posts from this blog

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more

Japan's Sharp to buy Toshiba PC business for $36 mln

Image
As per the report, Sharp Corporation of Japan to buy Toshiba Corp’s personal computer business for 4 billion yen ($36 million). Sharp brand is under the control of manufacturing giant Foxconn, the world’s biggest contract manufacturer and major Apple Inc supplier, to produce PCs more cheaply – just as it was able to do in TVs. Another report also noticed by VARINDIA, Foxconn is also promoting the Sharp TV to start marketing in India, which has kick started from this year IPL(Indian Premiere League) ,with this they are marking a return to a business in India. Earlier Sharp was a known brand in terms of technology but it’s position become negligible with the fastest technology and pricing structure of SAMSUNG, LG and Sony. With the manufacturing capability of FOXCONN, they are trying to enter the Asian market. The recent deal of Pc business, will see Sharp take an 80.1 percent stake in Toshiba’s PC unit on Oct 1.... Read More
Read more