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Tata Motors may gain after good global wholesales in March

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Group global wholesales, including (JLR), rose 18% to 153,156 units in March 2018 over March 2017. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 33% to 56,399 units in March 2018 over March 2017. Global wholesales of all passenger vehicles rose 11% to 96,757 units in March 2018 over March 2017. The announcement was made after market hours yesterday, 11 April 2018.

In line with the efforts to indigenise the defence sector under 'Make in India' initiative, (L&T) and (BEL) have signed a Memorandum of Understanding (MoU) to cater to the needs of evolving domestic and export markets for and systems. The seeks to leverage the capabilities of both the firms for meeting the growing requirements of the Indian Armed Forces. The also intends to leverage the welldeveloped supply chain, vast experience and expertise of BEL and to synergise and enhance exports in the defence sector. The announcement was made after market hours yesterday, 11 April 2018.

and have agreed to accelerate introduction of adalimumab biosimilar in through Mylan's in-licensing arrangement with Kirin Biologics (FKB). FKB's product is at an advanced stage of review and could potentially obtain approval in in the second half of 2018. Through this arrangement, could commercialize FKB's Adalimumab in EU around market formation. retains its economic interest in this arrangement vis-a-vis in line with its existing global collaboration with for monoclonal The announcement was made after market hours yesterday, 11 April 2018.

Corporation (IOC) along with BPCL and HPCL incorporated a joint venture company named & Petrochemicals (RRPCL) with equity holding of 50:25:25 to jointly develop and build an integrated refinery and petrochemicals complex at Ratnagiri in The announcement was made after market hours yesterday, 11 April 2018.

BPCL, IOC, and HPCL signed a memorandum of understanding (MOU) with Saudi Aramco, a leading global integrated and company in the Kingdom of Saudi Arabia, to jointly develop and build the said project. The partnership would bring together the crude supply, resources, technologies, experiences, and expertise of these multiple companies with an established commercial presence around the world. may also bring in a strategic partner to co-invest in the project.

The Exchange (IEX) and Electric Power Exchange (JEPX) have entered into a Memorandum of Understanding (MoU) on 28 March 2018 for jointly exploring the opportunities of cooperation in The intent of the is to share experience and cooperate with each other in respect of technology and in market products development. The scope of includes opportunities for training to augment the through competitive market platforms by organizing knowledge sharing programs. This collaboration would be beneficial for both the exchanges and for the larger good of the power markets in and The announcement was made after market hours yesterday, 11 April 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 08:38 IST
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