Stocks in news: Fortis Healt, Tanla Solutions, M&M

Stocks in news:

• Results today:
  Fortis Healthcare and HOV Services
• Board meets:
  Tanla Solutions to consider investment opportunities
• PMO may ok foreign participation in 3G bid; base price for auction to be around Rs 1400 cr for pan-India licence: ET
• Anil Ambani meets Mikati in chase for MTN; Mikati holds 10.2 % stake in the co: ET
• RCom ropes in Deutsche Bank for MTN deal; plans to raise $14 B from PE players: BS
• PE firms Blackstone, APAX, Carlyle gear up for $ 5 bn RComm-MTN deal: FE
• Bharti eyes MVNO route for global presence, may acquire controlling stake in MVNOs: FE
• Fuel Price Hike Impact
  Truckers Increase Freight Charges By Nearly 15%: PTI
• Govt Of Maharashtra To Cut Sales Tax On Petrol & Diesel By 4%
• Fuel Price Hike Impact
  West Bengal Govt Cuts Sales Tax On Petrol To 20% From 25%
  Cuts Sales Tax On Diesel To 12.5% From 17.5%
  Petrol Rates To Go Down By Approx Rs 1.50/l, Diesel By Re 1/l In WB
  Kerala Govt To Decide On Sales Tax Cut For Petro Pdts In 2 Days
  Kerala Govt To Decide On Sales Tax Cut For Petro Pdts In 2 Days
• PM
  Sets Up High Power Committee To Examine Financial Status Of Oil Cos
• M&M to acquire Italian design co; announcement shortly: Sources
• Reliance Infrastructure on negative watch due to aggressive growth plans: Fitch
• Monsoon bit ahead of schedule in Kerala, but progress slow: IMD
• Karnataka Bank board meet on Jun 12 to consider rights issue
• ACC May cement sales at 1.8 mt vs 1.82 mt (YoY)
• IFCI board meet on Jun 12 on
  Issues relating to induction of strategic investor & optionally convertible debentures held by govt
  Reduction of stake of one of the shareholders, resulting in reduction of capital by about 3%
• Daiichi Sankya sues Matrix Labs in a patnet infringement case: FE
• L&T to hive offmedical unit: DNA
• Ex-dividend:
  Bombay Oxygen (Rs 20/sh) and HDFC Bank (Rs 8.50/sh)