Indian stocks to watch-June 04

June 4 (Reuters) - GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange are 0.09percent down and the MSCI-Asia Pacific index excluding Japan is 0.18 percent higher. * Asian shares recovered from their lowest in about sixmonths on Tuesday as weak new U.S. manufacturing data easedworries about the Federal Reserve's stimulus programme, althoughinvestors were cautious before a more important jobs reportlater in the week. * U.S. stocks rose on Monday as weaker-than-expected factoryactivity supported views the Federal Reserve will keep economicstimulus in place, while gains in Merck & Co lifted drugcompanies. FACTORS TO WATCH * India cabinet may meet to decide on Vodafone tax dispute.(1400 GMT) * Delhi High Court will hear a petition by US drugmakerMerck & Co, which has accused Glenmark Pharma of patentinfringement on two diabetes drugs. INDIAN STOCKS TO WATCHFor additional press items double click NOTE: Reuters has not verified third-party stories and does notvouch for their accuracy. India's cbank clarifies rules for new bank licences -Reuters EXCLUSIVE-EU to fine Lundbeck, others for blocking genericdrugs, including India's Ranbaxy - Reuters Idea in talks with Axiata to sell tower business - EconomicTimes (http://link.reuters.com/qux58t) DoT slaps 12.63 billion Indian rupees ($222.36 million) fineon Vodafone for underreporting revenues - Economic Timeshttp://link.reuters.com/rux58t Government defines "group company" to remove FDI ambiguities- Economic Times (http://link.reuters.com/sux58t) Steel Authority Of India's production rises 11 pct in May -Reuters Wipro acquires minority stake in Axeda Corp for $5 mln -Reuters State Bank Of India cuts interest rate on bulk deposits -Reuters India's May gold imports jump, more curbs possible - Reuters India cbank does not target any particular exchange rate,says chief-TV - Reuters Rs 55 billion loans to MFIs may become NPAs by September-end- Business Standard (http://link.reuters.com/tux58t)($1 = 56.8000 Indian rupees) (Compiled by Manoj Rawal)