BOR: Stocks in action for the day: M&M, ITI, Indage, Religare, Nalco, RIL

Auto fuel prices: -Complete deregulation of retail auto fuel prices unlikely -Crude oil price slabs to benchmark retail prices & under-recoveries -Oil Ministry mulling formula linking retail fuel price to crude basket

M&M - Exclusive: : -M&M to launch 4-wheeler based on its Alfa platform -M&M's 4-wheeler likely to be priced cheaper than Nano

Nalco Q4: -Net sales down 23% at Rs 1088 crore versus Rs 1405 crore ((Estimate Rs 876 crore)) -Operating Profit at Rs 58 crore versus Rs 567 crore -OPM 5% versus 40% ((Estimate 17%)) -Net Profit down 80% at Rs 83 crore versus Rs 409 crore ((Estimate Rs 110 Cr))

Nalco 09 Standalone: -Net sales at Rs 5,108.06 crore versus Rs 4,988.80 crore -Net profit at Rs 1,272.27 crore versus Rs 1,631.52 crore

Board meets:
Nitin Fire to consider FCCB / GDR / QIP issue
Gayatri Projects on issue of warrants to promoters on preferential basis

RIL says German Arm Trevira files for insolvency proceedings

Infosys looking at buy targets in US, Europe:

Sale of 10% government stake in BSNL via IPO on DoT agenda, may garner Rs 14,000-18,000 crore

Government flags off disinvestment, ITI first off block

Asahi Breweries, Ravi Jain in race for stake in Indage, deal may be valued at around $150 million ((stake sale plan to Japanese co for $ 120 million reported by Mint earlier))

Government in no hurry to push FDI in aviation – Praful Patel

GVK Power to raise Rs 2500 crore via QIP

Tech Mahindra to prepay Satyam loan, Satyam has raised Rs 300 crore from Bank of Baroda and IDBI

Religare may hike rights issue price to Rs 400/sh

Big MF to list on exchanges in 2 months

Commerce Minister says more incentives for handloom, textiles, leather & plantations

Network 18 board approves issue of up to 92 lakh shares to SAIF partners at Rs 130/sh

Opto Circuits board approves raising up to Rs 400 crore via QIP issue

Suzlon board meet on June 5 to consider amendments to trust deed, terms of bonds

Rishabhdev Technocable follow on public issue opens today, closes June 9; offer of 90 lakh shares, price band Rs 29-33/sh

Asian Electronics board meet on June 10 on fund raising

Beta Kappa Investments to resume trading, no circuit filter today

Ex-dividend: Infosys @ Rs 13.50, PNB @ Rs 20