Stocks in news: Nalco, Rel Power, Axis Bank, Tata Motors

Here are stocks that are in news today:

Tata Motors CEO Carl Peter Forster resigns (ADR was down 9% to USD 15.35 on Friday)
-Forster resigned citing unavoidable personal circumstances.
-Forsters resignation termed a setback as company struggles to boost sales in Europe & India
-Forster to remain non-executive member of board

RBI clears Axis-Enam all stock deal: CNBC TV18 exclusive
-Deal only 1-2% dilutive
-Axis board to meet next week to approve deal
-Axis declined to comment

RIL on CAG Report
-KG-D6 project completed in 'timely manner'
-Project completed despite hostile weather conditions
-Project completed despite supply chain constraints
-Confident to unlock KG-D6 full potential with BP partnership
-E&Y found no evidence of costs being overstated in purchases
-RIL asked E&Y to perform procurement audit
-RIL asked E&Y to confirm costs correctly allocated to KG-D6
-E&Y confirmed vendors' receipt of payments
-E&Y confirmed vendors didn't make payments to RIL
-E&Y confirmed vendors' bidding was market competitive
-Only 1% of total project cost incurred via related parties

Osamu Suzuki on Manesar says
-No compromise on discipline
-Workers will have to sign good conduct bond

Reliance Power: Sources
-Not to pursue Shahapur project in Maharashtra
-Writes to district collector, Raigad withdrawing from project
-Asks for refund of Rs 45 crore deposit
-Reliance Power says investing Rs 5,000 crore in power sector in Maharashtra

UltraTech says
-Rise in coal prices by 30% (YoY) have hurt company's margins
-Plans to hike capacity from 52 mtpa to 75 mtpa
-Will look at organic, inorganic growth in the future

IPO Corner
PG Electroplast IPO close today (Price band Rs 190-210/sh)
QIB: 0.98x, NII: 0.67x, RII: 0.06x, Overall: 0.61x

Other stocks and sectors that are in news today:
-Steel Ministry plans to increase iron ore export duty by 10%
-GMR submits EOI for Madrid and Barcelona Airport