Stocks in news:

• Results today:
  Engineers India, GMR Industries
• Indian ADRs:
  MTNL up 14%, ICICI Bank down 6%, HDFC Bank down 5.5%
• Ambuja Cem May Sales At 1.51 mt vs 1.52 mt (YoY)
• AV Birla May Cement Sales At 2.66 mt
• Govt restores tax benefits under DEPB to cement exports: PTI
• Axis Bank, Yes Bank have securitised Rs 1,000 cr loans to HPCL, BPCL - BS
• Hindustan Copper hikes prices by 2% on back of rise in domestic orders, despite 6% fall on LME
• Steel scrap prices have doubled YTD - Agencies
• UB group made Rs 45 cr loss from inaugural IPL, RIL lost Rs 20 cr, GMR lost Rs 8 cr and India Cements Rs 4 cr; Only Kolkata, Jaipure franchisees made money - ET
• Zandhu’s co promoters Parikh family with 18% stake plans to stay put, yet to react to Emami’s offer - ET
• Phoenix Mills in process of setting up separate company to manage its real estate assets - ET
• SRF buyback to open on June 16; maximum price: Rs 160/sh
• Sun Pharma will have to spend $75 m more of 2 parties agree to new price of $10.25/sh - FE
• RBI releases Draft Norm On Non-deposit Taking NBFCs, norm For Non-deposit NBFC Capital Adequacy 12% Vs 10%
• Goa SEZ update
  Centre says 3 Notified SEZs Cannot Be De-notified
  Goa HC Asks Govt To Take Decision In 2 Wks To Start Work On 3 Notified SEZs
• Aviation Min Says high Jet Fuel Prices To Hurt Airline Cos, to Meet PM, FM In 1 Week To Discuss Problems Faced By Airlines
• SBI Says Has Started Implementation Of Farm Loan Waiver Plan: NW18
• No Consensus Yet On Fuel Price Hike; Cabinet May Meet On June 4
• Deccan, Kingfisher, Jet Airways
  Hike Fuel Surcharge By Rs 300 For Flights Up to 750 km
  Hike Fuel Surcharge By Rs 550 For Flights Beyond 750 km
• Adhunik Metaliks board approves IPO of 100% subsidiary Orissa Manganese & Minerals
• Ex-dividend:
  Punjab Tractors (Rs 5/sh), Swaraj Engines (Rs 5/sh)
• Sujana Metal buys 3 steel cos for Rs 180 cr
• Govt likely to ban export of milk powder to rein in inflation - BL
• Financial closure for Rel Power project soon - BL
• SAT sets aside SEBI order imposing penalty of Rs 25 cr for failing to come out with de-listing open offer for Everest Industries post acquisition of ACC
• Tata Motors May (YoY):
  Total Sales Up 9% At 46,339 Units Vs 42,558 Units
  Local Commercial Vehicle Sales Up 15% At 23,682 Units
  Exports Down 20% At 3,423 Units
  Passenger Car Sales Up 9% At 19,234 Units
• Motherson Sumi Q4 Consolidated
  Net Sales At Rs 586.70 Cr Vs Rs 462.70 Cr
  Net Profit At Rs 64.39 Cr Vs Rs 45.64 Cr