Finance & Economic Alert

* What India's Stocks Market Will Watch - Jun 10
* India May car sales up 14% on year, two-wheelers up 7%
* JSW Steel May crude steel production 347,000 tn, up 19% on year
* IFCI to sell Koshika Tele towers to recover 2.33-bln-rupee loan
* 12.33 FTSE 100 opens at 5844.60, down 33.00 pts or 0.6%
* PNB head says no decision yet on bidding for IFCI stake
* Govt seen losing 6 bln rupee/mo as commodity tax not yet notified.
* PNB head says no plan to alter loan, deposit rates as of now.
* Tata Steel, Riversdale in JV for coking, thermal coal project.
* RIL restarts KG Basin MA field exploration, may drill 5 more wells.
* CFO says Deccan-Kingfisher to cut capacity, routes to stem losses.
* IFCI to sell Koshika Tele towers to recover 2.33-bln-rupee loan.
* Bharti says to launch Apple's iPhone 3G in India later this year.
* JSW Steel May crude steel production 347,000 tn, up 19% on year.
* Head says Tata Elxsi plans capex of 450 mln rupees in FY09.
* CFO says Gati mulls raising freight rates 7-10% by Jun end.
* India May car sales up 14% on year, two-wheelers up 7%.
* Lehman says India will have no option but to let rupee weaken.
* Indiabulls power arm to set up 1,320MW power plants in Jharkhand.

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