NARCL, a state-backed bad bank, has bid for multiple distressed loans, including two special purpose vehicles of Sadbhav Engineering and the Haridwar Highways Project. The fate of these offers will depend on lenders' approval and could potentially lead to a Swiss challenge auction. NARCL has also offered to acquire Simplex Infra's debt of Rs 9,600 crore.

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded up by 117.50 points or 0.53% at 22,122 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 157.70 points.

HDFC Bank has launched four new credit cards designed for small and medium-sized entrepreneurs, offering 55 days of interest-free credit - the highest among any bank. These cards aim to tap into the bank's existing 5 million SME customers. Vidya Pradeep, EVP of HDFC Bank, highlighted that they have a complete range of products for the SME segment, and will soon launch a GIGA business card.

The CCI has approved Zurich Insurance Company's plan to acquire a 70% stake in Kotak Mahindra General Insurance. The proposed transaction will result in Zurich having a majority stake of 51%, with plans to acquire an additional 19%. This deal required CCI approval, as it oversees unfair business practices and ensures fair competition in the market.

GMR Airports, which operates facilities in Delhi, Hyderabad, and North Goa, raised ₹2,250 crore through listed bonds at a rate of 13.275% last week. The company aims to use the funds to refinance debt and invest in its subsidiaries and joint ventures. Despite having a net debt of ₹25,000 crore, GMR has been able to secure competitive interest rates for its airport assets.

Sebi has issued guidelines for returning and resubmitting draft offer documents to ensure completeness and compliance with disclosure rules. This will lead to timely processing and clarity for investors in public and rights issues of securities. The circular states that there will be no fees for resubmission. Adequate disclosures and timely processing are crucial for a vibrant primary market.

Indian companies are seeing a shift in ownership with domestic institutions gaining more influence in the stock market, as DIIs have been increasingly buying shares while foreign ownership has decreased. This trend is attributed to record flows into mutual funds and pension funds, and it is expected that DIIs will overtake FIIs in the coming quarters. Investments through systematic investment plan

Mumbai: Tata Consultancy Services crossed ₹15 lakh crore in market capitalisation on Tuesday, becoming only the second Indian company to do so after Reliance Industries. Overall strength in the technology space helped shares of the flagship company of the Tata group surge 4.4% intraday to a lifetime high of ₹4,149.9, before closing 4% higher at ₹4,136 on the NSE.

Tesla's German plant produced 6,000 cars in a week for the first time shortly before it halted production in late January because of a component shortage, the plant's director told Tagesspiegel in an interview published on Wednesday."We cracked that milestone," director Andre Thierig was quoted as saying in the interview, adding the two-week production stop.

Indian stock market continues to rise for the second consecutive day, led by Reliance Industries and banking & financial stocks. BSE Sensex up by 0.40%, Nifty50 up by 0.44%. Top gainers include Axis Bank, SBI, Asian Paints, Titan, and M&M while Power Grid, Infosys, Wipro, HCL Tech, and Tech Mahindra open lower.

One 97 Communications, the parent company of Paytm, saw its stock prices rise by 9% after founder and CEO Vijay Shekhar Sharma met with RBI officials and Finance Minister Nirmala Sitharaman. Despite concerns over money-laundering and KYC violations, investors are still optimistic about the company's ability to address these issues.

Lupin shares rose by 0.90 percent and hit a 52-week high of Rs 1,605 after receiving USFDA approval for a drug to prevent pain in cataract surgery patients. The company's first-to-file product will be manufactured in India. Lupin's board will meet today to review their financial results. Earlier this week, the company also received approval for a tablet that reduces risk of hospitalization.

The Kotak Mahindra Bank stock gained nearly 1 percent at the open on February 7, a day after the CCI approved acquisition of 70 percent stake in Kotak Mahindra General Insurance Company by Zurich Insurance Company. At 9:20am, the stock was trading at Rs 1,803. Follow our market blog for live updates On February 6, the Competition Commission of India (CCI) said that it had approved acquisition.

Representative ImageNAGPUR: The Maharashtra govt may consider giving relief to those nazul property lessees who have breached the lease conditions, as per sources present at a meeting held in Mumbai chaired by deputy CM Devendra Fadnavis and revenue minister Radhakrishna Vikhe-Patil. While the govt seemed positive to provide the relief, it shall become official only after a GR is issued.

Builders Amit Wadhwani and Vicky Wadhwani have been arrested by the Mumbai Economic Offences Wing (EOW) for cheating and forgery, with their partner Lalit Dharmani still at large. This is the third case in which Wadhwani has been arrested and they were charged with cheating, forgery, and criminal breach of trust. The complaint was made by Yogesh Lakhani, film producer.