Stocks in the news: Maruti Suzuki, Wipro, Yes Bank, BHEL and Shoppers Stop

Maruti Suzuki: The country’s largest carmaker said it expects total vehicle production in September across its plants in Haryana and Gujarat to be just 40 per cent of the normal output due to the semiconductor shortage. The company’s production capacity at Gurgaon and Manesar plants in Haryana is around 15 lakh units per annum.

Wipro: IT services major said it has partnered with HERE Technologies to offer location-based services, to customers from energy and utilities, manufacturing, transport and Logistics, telecom, and automotive industry verticals.

Yes Bank: The private lender appointed Atul Malik and Rekha Murthy as non-executive directors to its board. The size of the board now expanded to 10, a bank said.

BHEL: The state-owned engineering firm said it has bagged an order worth Rs 10,800 crore from NPCIL. ”

secures largest ever order worth Rs 10,800 Crores from NPCIL for EPC of Turbine Island for 6 units of 700 MWe,” it said in a BSE filing.

Exide Industries: The country’s largest lead acid battery make said it is evaluating foray into manufacturing Advance Cell Chemistry batteries, commonly referred to as lithium-ion batteries. To take a final call, the company is waiting for the Productivity Linked Incentive (PLI) details to come.

Coal India: The coal miner’s arm arm Mahanadi Coalfields Ltd (MCL) recorded the highest ever coal despatch by rail-mode, with 102 rakes chugging from Ib Valley and Talcher coalfields in Odisha to various power stations in a single day, a release said.

Bank of Baroda: The state-owned lender said the government has extended the tenure of its two executive directors — Vikramaditya Singh Khichi and Ajay K Khurana. The government has extended the term of office of Khichi for a period beyond September 30, 2021, till the date of his superannuation, July 31, 2022, or until further orders, whichever is earlier.

BSE: The leading stock exchange said its mutual fund distribution platform StAR MF has processed a record 1.41 crore transactions worth Rs 36,277 crore in August. It surpassed its all-time highest monthly record of 1.32 crore transactions achieved in July, the exchange said.

Punjab National Bank: The state owned lender said it has waived all service charges and processing fee on retail products as part of its festival season offering. Punjab National Bank (PNB) has launched a festival bonanza offer to enhance the availability and affordability of credit to customers.

Sterling and Wilson Solar: The Construction engineering company will explore business opportunities in areas like clean energy storage, waste management and energy efficiency. The company inserted a new clause in the memorandum of association (MoA) to include new segments.

REC: The state owned NBFC will seek shareholders’ approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures next month. The funds would be raised on private placement basis in one or more tranches, according to the notice for AGM to be held on September 24, 2021.

Shoppers Stop: The retail chain said it has closed the sale of a controlling stake in its wholly-owned subsidiary Crossword Bookstores at a gross business valuation of Rs 41.62 crore. The stake in Crossword Bookstores is being sold to the owners of Agarwal Business House (ABH), Pune.

Indian Bank: The state owned lender said the government has extended the tenure of its Executive Director V V Shenoy till March 2022. The central government vide a notification dated August 26, 2021 extended Shenoy’s term of office, it said.

Infrastructure: The company has received an order worth Rs 145.86 crore from Indradhanush Gas Grid (IGGL) for laying and construction of steel gas pipeline and terminals along with associated facilities for section 5 & 9 of North-East Gas Grid (NEGG) Project.

Mastek: The company partnered with fulfillmenttools to deliver modern omnichannel fulfillment solutions to customers worldwide.

F&O Inclusions: Abbott India, Crompton Greaves Consumer Electricals, Dalmia Bharat, Delta Corp, The India Cements, JK Cement, Oberoi Realty, and Persistent Systems will be available for trading from October 1.