Tata Motors in spotlight after announcing global wholesales for May

Tata Motors announced that its global wholesales including Jaguar Land Rover (JLR) rose 10% to 87,414 units in May 2016 over May 2015. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 11% to 32,375 units in May 2016 over May 2015. Global wholesales of all passenger vehicles rose 10% to 55,039 units in May 2016 over May 2015. The announcement was made after market hours yesterday, 8 June 2016.

Wipro announced a partnership with Mountain View based Authentise Inc, a leading provider of 3D printing technologies and consulting services. This strategic partnership between Wipro and Authentise will enable adoption of additive manufacturing among the global 2,000 companies, Wipro said in a statement. The announcement was made after market hours yesterday, 8 June 2016.

HCL Technologies announced that it has signed partnerships with two leading automotive solution providers to expand its offerings for the fast-growing smart vehicle ecosystem. Working to enhance HCL's existing Smart Mobility and Vehicle Engineering Services, alliances with Movimento and Rightware will bring invaluable services to HCL's clients, the company said in a statement.

Movimento is a leading provider of over-the-air (OTA) update solutions for automotive solution providers. The partnership between Movimento and HCL will offer automotive lifecycle management, updates and support for on-and off-board software, the company said. The company's partnership with Rightware, a leader in advanced user interface (UI) technology for automotive applications, will enable HCL to help automotive solution providers and Tier-1 manufacturers with all aspects of advanced UI creation, including design, development, systems integration, deployment and support, HCL Technologies said in a statement. The announcement was made after market hours yesterday, 8 June 2016.

Adani Ports and Special Economic Zone (APSEZ) said that India Ratings & Research has assigned final 'IND AA+' rating with 'Stable Outlook' to the company's proposed non-convertible debentures (NCDs) of Rs 200 crore. The announcement was made after market hours yesterday, 8 June 2016.

BPCL will be in focus after the Reserve Bank of India (RBI) raised the ceiling on investment in the company's shares by foreign institutional investors (FIIs) to 49% of the company's equity from earlier 24%. It may be recalled that BPCL last week got shareholders' nod for raising the ceiling on investment by FIIs in the company's equity.

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