Stocks in the news: NTPC, Cipla, SAIL, Mahanagar Gas and Future Group stocks

Nifty futures on the Singapore Exchange traded 17 points, or 0.10 per cent higher at 17,873, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:

NTPC: The state-owned power giant floated a tender to raise Rs 5,000 crore term loan from financial institutions. As per the document, the bids can be submitted till 1100 hours on August 31. The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.

Cipla: The pharma company said it appointed Ashish Adukia as global Chief financial officer. Dinesh Jain was relieved from additional responsibility as interim chief financial officer of the company. Jain will continue as senior vice president and head of corporate finance. The company said that the USFDA has begun inspection of the Goa plant today.

SAIL: The state-owned steel maker will produce some quantity of special rails used in high-speed freight corridors and metro rail projects this year, according to a company official. It has set up a facility for the production of head hardened (HH) rails at the new Universal Rail Mill (URM) at its Bhilai Steel Plant (BSP) in Chhattisgarh.

HDFC Asset Manangement Company: Promoter BRDN Investment Management divested its 5.58 per cent stake or 1.19 crore shares in the mutual fund sponsor for Rs 1,935.63 apiece aggregating to Rs 2,303.4 crore through an open market transaction, as per the bulk deal data from BSE.

Mahanagar Gas: The city gas distributor cut the prices of kitchen fuel PNG and automobile fuel CNG, following an increase in allocation of domestically produced natural gas from the government. The price of PNG has been reduced by Rs 4 per standard cubic metre to Rs 48.50 per SCM, while that of CNG by Rs 6 a kilogram to Rs 80 per kg.

Bajaj Electricals: The consumer durable products maker elevated its Executive Director Anuj Poddar to Managing Director and Chief Executive Officer (CEO). The company has separated the post of Chairman & Managing Director and its patron Shekhar Bajaj will continue as Executive Chairman of the company.

Bajaj Hindusthan: The state-owned lender SBI has filed an insolvency petition against the country's largest sugar firm Bajaj Hindusthan Sugar. SBI as a financial creditor has filed the plea before the Allahabad bench of the National Company Law Tribunal (NCLT).

Navkar Corporation: Adani Logistics, a wholly-owned subsidiary of Adani Ports and SEZ said it has signed a definitive agreement to acquire ICD Tumb (Vapi) from Navkar Corporation for Rs 835 crore. Adani Logistics said the deal comprises the acquisition of the operational ICD with a capacity to handle 0.5 million TEUs.

Future Enterprises: The Future Group firm said its non-executive director Chandrapraksh Toshniwal has resigned from the board of directors with effect from August 16, 2022 due to occupational and personal commitments. FEL was part of the 19 group companies operating in retail, wholesale, logistics and warehousing segments.

Future Consumer: The cash strapped firm has defaulted on the payment of Rs 51.85 crore towards principal and interest due on non-convertible debentures. The default which happened on August 15, 2022, includes an interest amount of Rs 10.73 crore and a principal Amount of Rs 41.12 crore.

Future Lifestyle Fashions: The beleaguered firm reported a widening of its consolidated net loss to Rs 1,879.91 crore in the fourth quarter ended March 2022 due to closure of stores and higher expenses. The company had posted a consolidated net loss of Rs 149 crore in the January-March quarter a year ago.

Fiberweb India: The manufacturer of non-woven fabrics reported a net profit of Rs 1.7 crore for the quarter ended on June 30, 2022, which was 53 per cent lower than the profit after tax of Rs 3.65 crore in the same quarter a year ago.