Stocks to watch today: Shares of State Bank of India, Central Bank of India, Indian Overseas Bank, Bank of India, UCO Bank, Sterling and Wilson Solar, Piramal Enterprises, Indiabulls Housing Finance, Edelweiss Financial Services, auto stocks will be in focus in Thursday's trading session

Why Shapoorji Pallonji Group, with exposure to worst-hit sectors such as construction, real estate and infrastructure, is exploring options to deleverage

Private banks with existing exposure are cautious because of the group's stretched financial situation. The holding company has already approached the banks for a one time restructuring under the COVID-19 relief package

Shapoorji Pallonji Group, who owes over Rs 1,000 crore to Sterling and Wilson Solar, has been given time upto September 30, 2021 to repay outstanding loans

The total income of the company fell to Rs 1,099.38 crore in the quarter under review, from Rs 1,309.34 crore a year ago

India Stock Market Highlights Today: Infosys, HCL Tech, Nestle India, M&M, Reliance Industries and Tech Mahindra were among the laggards today, while IndusInd Bank, followed by UltraTech Cement, Tata Steel, Sun Pharma, L&T and ICICI Bank were among gainers.

Sterling and Wilson Solar promoters - Shapoorji Pallonji group and Khurshed Daruvala - promised repayment by September; the company's board has approved this new repayment plan

Sterling and Wilson Solar's procurements from China have been affected because of the coronavirus outbreak, but the company is positive deliveries will happen on time and will not severely affect project schedules

Of the total Rs 6.2 lakh crore mopped up through Indian debt markets, over Rs 6 lakh crore came from the private placement and Rs 16,425 crore through public issuance

Corporate czars are looking to acquire stressed assets of India's dozen big defaulters. A look at what that means for industry and banks.