Stocks in news: TCS, Yes Bank, IndusInd Bank, Spicejet, JSW Energy

MUMBAI: The Sensex opened in positive terrain and hit the psychological mark of 20,000 led by gains in technology, realty and oil & gas sectors as sentiment turned bullish in Indian equities after the government deferred controversial GAAR implementations by two years.

Following stocks are likely to be in focus in trade today.

Tata Consultancy Services beat street estimates by reporting a profit after tax of Rs 3,550 crore for the third quarter versus an ET Now poll of Rs 3,240 crore. It had posted net profit of Rs 2,803 crore in the same quarter of the previous fiscal.
The revenue for the third quarter was reported at Rs 16,070 crore, up 21.7 per cent year-on-year and 2.9 per cent quarter-on-quarter.

Yes Bank and IndusInd Bank are negotiating to buy the Indian retail assets of Royal Bank of Scotland (RBS), abandoned by Hong Kong and Shanghai Banking Corp, say reports.

SEBI has given its go-ahead to the non-banking finance company Bajaj Finance's proposed rights issue to raise up to Rs 750 crore.

Maruti Suzuki introduced a refreshed, new version of Wagon R with a price starting at Rs 3.58 lakh to boost sales.

SpiceJet could be the second Indian carrier after Jet Airways to get foreign direct investment from an international airline. It is reportedly in talks with some foreign carriers, with highly-placed sources saying Gulf carrier Qatar Airways being the most likely suitor, and the deal could materialize this quarter.

Apollo Tyres has opened its global R&D centre in Enschede in the Netherlands. The facility will serve as a hub for the development and testing of car and van tyres for all product brands of the company.

Cash-strapped telecom firms BSNL and MTNL have proposed to surrender part of their 2G spectrum to cut the load of one-time spectrum fee levied on them. Both the loss-making public sector units will have to jointly pay Rs 10,117.57 crore if they were to retain the telecom airwaves beyond a threshold.

JSW Energy has received forest clearance for its planned 240 MW hydropower project in Himachal Pradesh, making way for the company to start construction of the project. The project, being set up at an estimated cost of about Rs 2,000 crore, was awarded to the company in 2007 but has not taken off due to lack of clearances.