Stocks in the news: Wipro, RIL, Hindalco, HDFC, Tata Steel, Welspun Corp and Biocon

Nifty futures on the Singapore Exchange traded 5.75 points or 0.06 per cent higher at 9,221.25, indicating a flat start for Dalal Street. Here are a few stocks which may buzz the most in today's trade:

Hindalco: The Aditya Birla Group flagship Hindalco has further cemented its position as the world's largest producer of value-added aluminium products with the completion of the $2.8 billion acquisition of Aleris by its wholly-owned US subsidiary Novelis Inc.

HDFC: Chairman Deepak Parekh said he sees 20 per cent drop in property prices of unsold residential inventory, and advised developers to offload their stocks to enhance liquidity position.

Wipro: The IT major will announce its fourth-quarter and FY20 results today.

Tata Steel: India Ratings (Ind-Ra) said it has revised Tata Steel's outlook for non- convertible debentures to negative with the "risk of a substantial deterioration in the company's credit profile" caused by the COVID-19 containment measures.

Welspun Corp: The company has partially resumed operations at its plant in Anjar, Gujarat. The company said it has started the manufacturing of LSAW pipes at the facility. LSAW pipes are used in the petroleum and natural gas industries.

JSW Steel: Moody's Investors Service said it has placed JSW Steel's ratings under review for downgrade. The ratings outlook has been revised to under review from stable, the global ratings agency said in a statement.

RIL: To cash in on cheap funds flooding the debt market through the targeted long-term repo operations route, Reliance Industries (RIL) will raise Rs 9,000 crore through an NCD sale to refinance the existing high-cost rupee debt.

Motherson Sumi Systems: The board of auto components major has given in-principle approval to raise Rs 1,000 crore to enhance liquidity during the uncertain times of coronavirus pandemic, according to a company statement.

Biocon: Mylan N V and Biocon announced the launch of Fulphila, a biosimilar to Neulasta (pegfilgrastim), in Australia.

PNB: State-owned Punjab National Bank (PNB) on Tuesday said it has received approval from stock exchanges for trading of over 266 crore shares post amalgamation with two other PSBs.

Sanofi, GSK Pharma: Pharma majors Sanofi and GSK said they have joined hands to develop a vaccine for COVID-19. The companies in a joint statement said they have signed a letter of intent to develop an adjuvanted vaccine for COVID-19.

CEAT Tyres: The company said it has partnered with three associations in transport business to sanitize trucks, delivering essential goods in Mumbai region.