Stocks in the news: SBI, Tata Motors, IGL, Gillette India, Hero MotoCorp, TCS and J&K Bank

Nifty futures on the Singapore Exchange traded 3.5 points, or 3 per cent higher at 11,483.50, in signs that Dalal Street was headed for a flat start on Wednesday. Here are a few stocks which may buzz the most in today's trade:

SBI: Moody's Investors Service on Tuesday affirmed the long-term local and foreign currency deposit ratings of State Bank of India (SBI) at 'Baa3'. 'Baa' rating indicates moderate credit risk.

IGL, Gillette India: Indraprastha Gas, Gillette India, Gujarat Mineral Development Corporation, Dolat Investments, NACL Industries and Sharda Motor Industries are among companies which will disclose their June quarter results on Wednesday.

Bajaj Auto, Hero MotoCorp: Two-wheelers are neither a luxury nor sin goods and so merit a GST rate revision, Finance Minister Nirmala Sitharaman said at an industry interaction on Tuesday.

DLF: The company will move into the mid income housing segment in an diversification exercise that will see the company develop 10 million sq ft of mid-income housing as the realty major targets segments other than its traditional market—luxury and super luxury housing.

Tata Motors: The automaker aims to reduce its total automotive debt to 'near-zero levels' in three years and generate free cash flows from FY22 onwards, company chairman N Chandrasekaran said on Tuesday.

J&K Bank: State-owned Jammu & Kashmir Bank said it plans to raise up to Rs 4,500 crore in the current fiscal. The bank's Board of Directors will meet on August 28 to take a decision in this regard.

TCS: S&P Global Ratings said TCS is likely to face slower growth in revenue and profitability over the next 12-18 months, given subdued global information technology (IT) spending.

Ircon International: The State-owned engineering and construction firm reported a consolidated net profit of Rs 34.46 crore for the quarter ended June. It had clocked a consolidated net profit of Rs 144.66 crore in the corresponding period a year ago, it said in a regulatory filing.

The Phoenix Mills: Promoters of mall developer and operator have sold 7.28% stake in the company through bulk deals on Tuesday to raise over Rs 833 crore.

Birla Tyres: The company said its board will meet later this week to consider raising up to Rs 1,100 crore. The company's board will meet on August 28 (Friday) to consider capital raising options for an amount aggregating up to Rs 1,100 crore by way of equity or debt instruments, including non-convertible debentures, among others, Birla Tyres said in a regulatory filing.

VA Tech WABAG: Water treatment player VA Tech WABAG said its board of directors has considered the Letters of Consent received from "marquee, high networth investors" and approved capital infusion aggregating to Rs 120 crore.

Procter & Gamble Hygiene and Health Care (P&G): The company reported a 13.85 per cent rise in its net profit at Rs 69.21 crore for the quarter ended June. The company had posted a net profit of Rs 60.79 crore in the year-ago quarter.