Stocks in news: HDFC Bank, Swiggy, Vedanta, Zomato, Mindspace REIT, Religare Enterprises

Markets began the week on a subdued note, following a volatile session on Friday, and ended with a loss of nearly half a percent. In today's trade, shares of HDFC Bank, Swiggy, Vedanta, Zomato, Mindspace REIT, Religare Enterprises among others will be in focus due to various news developments.

HDFC Bank
HDFC Bank said that it received an administrative warning from Sebi over non-compliance with certain provisions of the regulator.

Swiggy, Zomato

GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%, according to reports.

Read more: Here's the trade setup for today's session

Vedanta
Metal major Vedanta's board of directors on Monday approved the fourth interim dividend of Rs 8.5 per equity share for the financial year 2024-25, which will cost the company a payout of Rs 3,324 crore.

SpiceJet
The Delhi High Court has directed the chief operating officer and chief executive officer of SpiceJet to appear before it in a plea seeking compliance of over $603,000 in payment to the aircraft engines lessors.

Gravita India
Gravita India's qualified institutional placement (QIP) opened on Monday and the company has set the floor price at Rs 2,206.49 per share which is at a discount of 1.6%.

Indus Towers
Income Tax Appellate Tribunal (ITAT) orders in favour of the co on denial of depreciation of assets received under merger. The order will result in reduction of Rs 3,500 crore in contingent liability.

RailTel Corp
RailTel Corp received a work order worth Rs 37.99 crore from Central Warehousing Corporation.

Wipro
Wipro said it will acquire 100% stake of applied value technologies & its affiliates for $40 million.

Religare Enterprises
Insurance regulator Irdai issued a show cause notice (SCN) and letter of advice (LoA) to company’s arm Care Health Insurance on basis of inspection carried out between August 30, 2021 and September 9, 2021.

Abbott India
Sridhar Kadangode resigned as the Chief Financial Officer of the company with effect from February 26, 2025.

Mindspace REIT
ADIA is likely to sell 9.2% stake of the co worth Rs 1,903 crore through block deals. The floor price for the deal is at Rs 350 per share, according to reports.