Stocks in the news: ICICI Bank, Cipla, Adani Wilmar, Delhivery and Canara Bank

Nifty futures on the Singapore Exchange traded 11 points, or 0.07 per cent lower at 15,304.5, signaling that Dalal Street was headed for a flat start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

ICICI Bank, Axis Bank: The global rating agency Moody's Investors Service has upgraded the baseline credit assessments of ICICI Bank and Axis Bank, reflecting improvements in credit fundamentals, particularly asset quality. The global rating agency has upgraded the baseline credit assessments (BCAs) to baa3 from ba1.

Cipla: The pharma major said it will acquire 21.05 per cent stake for Rs 25 crore in Achira Labs Pvt Ltd, which is engaged in development and commercialization of point of care (PoC) medical test kits in India. The company has signed definitive agreements with Achira Labs for the purpose.

Adani Wilmar: The recently listed FMCG firm has slashed the prices of its edible oils by Rs 10 following the government's move to reduce import duties on the commodity. The stocks with new prices will reach the market soon.

Delhivery: The integrated logistics player said it has launched 'guaranteed same-day delivery' service in 15 key cities in the country to help direct to-consumer (D2C) brands deliver their orders the same day. Under the new service, orders received as late as 3 pm will be delivered on the same day.

Canara Bank: The state run lender, which recorded over two-fold jump in its net profit in fiscal year ended March 2022, aims to improve its bottom line further with balanced focus on advances to retail, big and small businesses, coupled with greater focus on digitization.

Aurobindo Pharma: The drug maker acquired a 51 per cent stake in GLS Pharma, which operates in the oncology business and has a manufacturing facility in Hyderabad. The acquisition cost for a 51 percent stake is Rs 28.05 crore.

Poonawalla Fincorp: Two individuals offloaded shares of the leading NBFC for Rs 120 crore through an open market transactions. According to block deal data, Sanjay Chamria and Mayank Poddar sold a total of 52.48 lakh shares of Poonawalla Fincorp. The shares were disposed of at an average price of Rs 229 apiece.

Alkem Laboratories: The pharma company has received Form 483 with three observations after inspection of its US unit. The US Food and Drug Administration (FDA) inspected of the company's manufacturing facility at St Louis from June 6 to June 17, 2022.

Union Bank of India: The state-owned lender said it has increased interest rates on term deposits across all maturity buckets. The new rates are applicable across various tenures for domestic term deposits, Non-Resident Ordinary (NRO) and Non-Resident External (NRE) term deposits.

Nazara Technologies: The Rakesh Jhunjhunwala backed gaming company has decided to make a further strategic investment of up to Rs 20.1 crore in material subsidiary Absolute Sports by acquiring shares of promoter Porush Jain and up to Rs 10 crore in Brandscale Innovations by subscribing to optionally convertible debentures in one or more tranches.

Zydus Wellness: The drug firm said it will stop operations at its Sitarganj production facility in Uttarakhand as part of a manufacturing and supply chain network optimisation exercise. The board of directors of the company at their meeting passed a resolution to cease the operations of Sitarganj manufacturing facility with effect from June 18, 2022.

Engineers India: The state run engineering company has won three separate projects from specialised chemicals, sunrise and infrastructure sectors. It will provide consulting services and the estimated order value of these projects is about Rs 80 crore.

Dilip Buildcon: The construction firms joint venture company RBL-DBL has been declared as the L-1 bidder for the Surat Metro Rail Project in Gujarat. The order is worth Rs 1,061 crore. The company also received the completion certificate for two road projects in Karnataka.

PTC India: The power trading firm said it has signed a pact with Greenstat Hydrogen India Pvt Ltd to jointly develop green hydrogen solutions for Indian power market beneficiaries. Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of Norwegian energy company Greenstat ASA.

Aster DM Healthcare: The healthcare services firm said it plans to invest over Rs 500 crore to set up a 550-bed super-specialty hospital at Thiruvananthapuram in Kerala. The hospital will have a capacity of 350 beds in the first phase and is expected to be operational by FY26.

Max Ventures and Industries: The holding company completed acquisition of Accord Hotels and Resorts. The company's subsidiary Max Estates has completed the acquisition of Accord Hotels and Resorts. The acquisition cost is Rs 293 crore. With this, Accord Hotels and Resorts becomes a step-down wholly-owned subsidiary of Max Ventures.

Vadilal Industries: The ice-cream and dairly company, through its subsidiary Vadilal Industries USAc, has acquired KKC, a ice-cream parlour operator Krishna Krupa Corporation, USA (KKC) for a subscription of shares, for $0.25 million which would result in the subsidiary holding up to 100 per cent voting rights in KKC.

Kesoram Industries: The B K Birla Group company on the back of healthy cash flow said that it is planning to ramp up the installed cement production capacity to 15 million tonnes from 11 million tonnes now.

South Indian Bank: The private sector lender has raised the marginal cost of funds based lending rates by up to 0.20 per cent across various tenors to be effective from Monday. The Marginal Cost of Funds Based Lending Rates (MCLR) applicable for multiple tenors has been revised with effect from June 20, 2022.

Indian Hume Pipe Co: The construction and engineering player said it has bagged a Rs 110-crore pipe order in Rajasthan. The company said it has secured the work order from the Public Health Engineering Department, Ajmer. The project is to be completed within 15 months from signing of the agreement.