Signatures of electric field and layer separation effects on the spin-valley physics of MoSe$_2$/WSe$_2$ heterobilayers: from energy bands to dipolar excitons

We investigate the spin-valley physics (SVP) in MoSe$_2$/WSe$_2$ heterobilayers under external electric field (EF) and changes of the interlayer distance (ID). We analyze the spin ($S_z$) and orbital ($L_z$) degrees of freedom, and the symmetry properties of relevant band edges (at K, Q, and $\Gamma$ points) in high-symmetry stackings at 0 (R-type) and 60 (H-type) degree angles, the important building blocks of moir\'e or atomically reconstructed structures. We reveal distinct hybridization signatures of $S_z$ and $L_z$ in low-energy bands due to the wave function mixing between the layers, which are stacking-dependent and can be further modified by EF and ID. The H-type stackings favor large changes in the g-factors under EF, e. g. from $-5$ to $3$ in the valence bands of the H$^h_h$ stacking, due to the opposite orientation of $S_z$ and $L_z$ in the individual monolayers. For the low-energy dipolar excitons (DEs), direct and indirect in $k$-space, we quantify the electric dipole moments and polarizabilities, reflecting the layer delocalization of the constituent bands. We found that direct DEs carry a robust valley Zeeman effect nearly independent of the EF but tunable by the ID, which can be experimentally accessible via applied external pressure. For the momentum-indirect DEs, our symmetry analysis indicates that phonon-mediated optical processes can easily take place. For the indirect DEs with conduction bands at the Q point for H-type stackings, we found marked variations of the valley Zeeman ($\sim 4$) as a function of the EF that notably stand out from the other DE species. Stronger signatures of the coupled SVP are favored in H-type stackings, which can be experimentally investigated in $\sim 60^\text{o}$ samples. Our study provides fundamental insights into the SVP of van der Waals heterostructures, relevant to understand the valley Zeeman of DEs and intralayer excitons.