Stocks in news: Tata Tele, Renaissance Jewellery

Stocks in news:

• IT stocks in focus; last trading day ahead of Infosys’ annual guidance
• Auto sales FY08
  Sales in 2 out of 4 segments decline during FY08
  Passenger vehicles sales grew 12%
  Motorcycles down 12%
  Overall 2-wheeler sales down 8%
  Commercial vehicle sales down 4%
  3-wheeler sales down 9.7%
• Steel minister sets up committee to find out if steel price hike is justified on high iron-ore and coking coal prices
• ICAI gives cos respite, says no need to report derivative losses if transaction is not speculative - BS
• Aishwarya Telecom IPO opens on Apr 15
• Tata Teleservices Maharashtra board approves hiving off passive tower infrastructure undertaking to wholly owned subsidiary
• Renaissance Jewellery board approves acquisition of 100% stake in LJ Creations
• Sasken board meet on Apr 18 to consider buy back
• Ex-dividend:
  Alfa Laval (Rs 15/sh), AstraZeneca Pharma (Rs 15/sh) and Disa India (Rs 200/sh)
• Essel Propack and Ess Dee Aluminium is race for Rio Tinto's packaging unit Alcan - ET
• RIL to sell 10% stake in KG basin, Goldman Sachs to find partner 
• Yes bank said trying an out-of court of settlement with one of its clients for derivatives losses - Concall
• SEBI says MFs' Mar-end assets Rs 5.05 lakh crore, down 10.25%: NW18
• Indian ADRs:
  Tata Comm down 5%