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Stocks in the News: Kotak Bank, HUL, Bajaj Finance, SBI, Vedanta, ITC, RVNL and more

Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today.

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Electoral bonds: Plea in SC seeks SIT probe into alleged quid pro quo

A five-judge constitution bench of the apex court had on February 15 scrapped the Centre's electoral bonds scheme.

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Union Bank: Lavasa creditors invoke Darwin Platform Infrastructure's guarantee, ET RealEstate

Union Bank: Creditors invoked a guarantee due to CIRP non-compliance, halting the Lavasa project. Legal battles continue as lenders lose confidence in the resolution applicant. NCLT and NCLAT petitions are pending, with DPIL seeking more time.

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Arcelormittal Nippon Steel India in talks for USD 1 bn loan, Auto News, ET Auto

Arcelormittal Nippon Steel India Ltd., a joint venture between two global steel giants, is in discussions with banks to raise approximately 85 billion rupees (USD 1 billion), possibly the largest local-currency loan this year. Key lenders like State Bank of India, ICICI Bank Ltd., and Axis Bank Ltd. are expected to participate in the syndicated deal, earmarked for capital expenditure. The loan may extend over five years and be linked to a local interest rate benchmark.

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Six of top 10 valued firms take Rs 1.40 lakh cr hit in mcap; TCS, Infosys biggest losers

The market valuation of TCS tanked by Rs 62,538.64 crore to Rs 13,84,804.91 crore, the most among the top 10 firms. Infosys faced an erosion of Rs 30,488.12 crore from its valuation which stood at Rs 5,85,936.45 crore.

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SWAMIH Fund invests Rs 300 crore in Hubtown's project in Mumbai, ET RealEstate

SWAMIH I invested in Hubtown's Rising City project near Eastern Express Highway, benefiting homebuyers amidst regulatory issues, as part of the government's initiative to aid stalled projects.

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