Stocks in news: RComm, Kotak Mahindra, Tata Global, Biocon

GMR-DIAL plans toraise Rs 3000 crore via bond market-Funds to be used to refinance existing debt: FE

Cairn-Vedanta, ONGC-Cairn-Vedanta deal may give govt better bargain in Barmer block-Cairn will face pressure to share more profits with ONGC: ToI

Sistema-In exclusive talks with Reliance Communications on potential merger of its Indian telecom operations-In talks with Reliance Communications on potential merger of Indian operations via stock swap-Discussions with Reliance Communications are indicative & non-binding in nature-No certainty that talks with Reliance Communications will result in any transaction-Reliance Communications and Sistema enter into exclusive discussions

Reliance Communications says-To consider merger between Indian operations of Sistema Shyam and company-Discussions with Sistema are indicative & non-binding in nature-Sistema Group, Russian Govt, Shyam Group to hold 8-10 percent stake in merged entity: SourcesAlert: Sistema in talks to merge its Indian operations with Reliance Communications-Sistema executives were in India last month to discuss contours of merger-Sistema, Russian government keen to exit operational management of MTS-Reliance Communications unwilling to take over MTS' debtAlert: SSTL MTS had debt of USD 544 million as on March 31, 2015Alert: Sistema took an impairment charge of USD 192.75 million in Q4CY14

FIPB defers Kotak Mahindra Bank's proposal to hike FII limit: Sources-Expect views on Kotak Mahindra Bank's proposal by June-end-Views of financial services department still awaited on Kotak Mahindra Bank proposal

Nestle India says-Estimated sales value of Maggi noodles stock in market at around Rs 210 crore-Estimated sales value of Maggi noodles stock at factories at around Rs 110 crore-Cannot calculate the final figure while withdrawal is taking place-The final figure will have to be confirmed at a later date-There will be additional costs to take into account due to withdrawal

3i India Infrastructure Fund to exit Ind-Barath Power (IBPGL): Sources-Macquarie to pick up 3i India Fund's stake in Ind-Barath Power for Rs 400 crore-Alert: 3i India Infra Fund had invested Rs 200 cr in Ind-Barath Power in 2011-Other PE players looking for a partial exit via IPO later this year-Sequoia Capital, Bessemer Venture Partners, Ascent Capital among other investors

Q1 advance tax numbers: Sources-SBI likely to pay Rs 1,290 crore versus Rs 1,240 crore (YoY)-HDFC Bank likely to pay Rs 1,000 crore versus Rs 820 crore (YoY)-BPCL likely to pay Rs 187 crore versus Rs 197 crore (YoY)-Bank Of India likely to pay Rs 240 crore versus Rs 125 crore (YoY)-Central Bank Of India likely to pay Rs 120 crore versus Rs 109 crore (YoY)-Bank Of Baroda likely to pay Rs 320 crore versus Rs 330 crore (YoY)-Colgate Palmolive likely to pay Rs 30 crore versus Rs 21 crore (YoY)

Adani Group targets solar power capacity of 10,000 MW by 2022Adani Group-Inks JV with Rajasthan for setting up India's largest solar park-Proposed park will attract investments of over Rs 60,000 crore-Plan to generate 5,000 MW in the proposed solar park in Rajasthan-JV will be known as Adani Renewable Energy Park Rajasthan-Rajasthan Govt and Adani Renewable Energy Park will have a 50-50 equity partnership in JV

RBI says-April services exports at USD 13.01 billion versus USD 14.05 billion (MoM)-April services imports at USD 7.32 billion versus USD 7.87 billion (MoM)

Vedanta Chairman Anil Agarwal says-Have apprised FM of Cairn India's merger with Vedanta-Have discussed Cairn Tax demand issue with governmentAlert: Vedanta Chairman met FM and revenue secretary on Monday-At time of Cairn deal, there was no requirement of withholding tax-Creating natural mineral company is important in India-Cairn tax demand matter is sub judice-Looking to create a diversified energy company in IndiaAlert: I-T Dept seeking USD 3.2 billion from Cairn IndiaAlert: USD 3.2 billion tax demand factored into 1:1 swap ratio for Cairn-Vedanta merger

Petrol price hiked by 64 paise/litre, diesel price cut by Rs 1.35/litreIOC says-There has been an increase in international prices of petrol-International prices of diesel have shown a downward trend

Power Finance Corporation says-To issue foreign currency denominated bonds to raise ECB up to USD 1 billion-Mandated Barclays, Standard Chartered Bank, SBICAPS (Singapore) to organise meets with investors-Proceeds to be utilised for on-lending to the company’s borrowers in power sector

PDVSA says-Current oil output 3 million barrels per day (bpd); selling 400,000 bpd oil to IndiaAlert: PDVSA Is The Venezuelan State-owned Oil & Natural Gas Company-Nigeria, Iran, Angola, Algeria interested in joining oil blending projects-Reliance interested in many upstream, downstream projects in Venezuela-To sign deal on hiking Rosneft's stake in Petromonagas project this week-Close to deal with ONGC on financing for Venezuela's San Cristobal project

India inks landmark motor pact with Bhutan, Bangladesh & Nepal-The pact will enable seamless transit of passenger & cargo vehicles

Other stocks and sectors that are in news today:-Punjab National Bank (PNB) seeks to sell Electrotherm, Bharati Shipyard loans to asset reconstruction companies: FE-Tata Global: Starbucks withdraws 12 ingredients pending approval from FSSAI-HDFC launches USD 1 billion global fund to make affordable housing play in global markets-Aurobindo Pharma receives US FDA approval for extended Phenytoin sodium capsules (an anti-epileptic product)-Wipro says T-Mobile Poland selects company to provide integrated applications & infra services-SEBI bans Karvy Stock Broking from providing IPO services for 1 year-NBCC says have procured 7612.86 sq meter plot in Jaipur for real estate project-Bayer Crop seeks shareholder nod for buyback of shares up to Rs 506 crore at Rs 4,000/share-S&P says proposed merger with Cairn India could reduce downside risks for Vedanta-Gujarat Gas says DJ Pandian resigns as company's chairman & director from board-Mahindra Aerospace bags multi-million aero-components manufacture & supply deal with Airbus: PTI-Biocon's arm Syngene gets SEBI nod for IPO-Commodity Participants Association Of India (CPAI) submits suggestions to improve gold monetisation scheme-Wipro digital selected by Lawn Tennis Association as digital technology services partner-Hindustan Motors says Moloy Chowdhury resigns as CEO-Airtel to start 4G trials in Delhi from June 18-SEBI restricts Polaris Realtors from raising funds from public-Nikon India appoints Kazuo Ninomiya as Managing Director-SJVN to form JV under the name Kholongchhu Hydro Energy to implement 600 MW Kholongchhu Hydro Electric Project in Bhutan-BSNL starts offering free roaming across India-Megasoft awarded patent for method of performing authentication & service translation for MVNOs